Certain investors posed a query to Shengyuan Environmental Protection, asking if the company's investments in Moore Threads and MetaX Integrated Circuits—both on the verge of going public—signal that Shengyuan Environmental Protection is now entering a phase of reaping the rewards of its investments. In response, Shengyuan Environmental Protection clarified on the interactive platform that it made an indirect investment in these two entities by subscribing to a 300 million yuan stake in the Zhongyuan Qianhai Equity Investment Fund (Limited Partnership). As per the stipulations of the fund agreement, the fund's operational lifespan spans 8 years, with the initial 4 years dedicated to investment activities and the subsequent 4 years to redemption procedures. Presently, the fund is in its inaugural year of the redemption phase. Should these two investment targets achieve successful listings, they are projected to yield positive investment returns for the company.