Recently, Huayuan Holding has forged a strategic cooperation intent with Huanding Integrated Circuit (Shanghai) Co., Ltd. (hereinafter simply called 'Huanding') and has duly signed an investment intent agreement. Under this agreement, the two entities will leverage capital cooperation as a bridge to forge deep - seated partnerships in the realms of research and development, production, and marketing of specialized auxiliary equipment tailored for integrated circuits. This also encompasses rapid thermal processing gear, packaging and testing apparatus, as well as parts, components, and consumables crucial for the manufacturing, packaging, and testing phases. Collaboratively, they aim to drive the localization of manufacturing for the aforementioned equipment, parts, components, and consumables, thereby spurring technological advancements and market penetration within the industry.