On December 3, during an investigation targeting specific entities, Longci Technology revealed that this year, the company has channeled its resources into addressing critical challenges in the research and development (R&D) of chip inductor products, along with expanding its customer base. Its prowess in new product development has garnered recognition from customers. Presently, numerous products are undergoing testing and validation at the clients' facilities. It is anticipated that certain products will commence mass production in the first quarter of the upcoming year. The tempo of mass production for chip inductors will hinge on the lifecycle and iteration cycle of downstream customer projects. With the escalating market demand and the ongoing refinement of the company's offerings, it is expected that a greater number of new projects will be initiated and delivered in the coming year. The company will proactively cater to customer requirements, persistently enhance product performance and service quality, strive to expedite project progress, and pursue additional collaborative opportunities.