Puyuan Materials has made an announcement stating that its wholly-owned subsidiary, Meishan Yindile (which falls under the umbrella of its holding subsidiary, Yindile Group), has plans to acquire roughly 150 acres of chemical land adjacent to its current production base. This acquisition is aimed at facilitating the construction of the Phase III project. The overall investment earmarked for this project will remain within the limit of 1 billion yuan, with the investment in fixed assets not surpassing 800 million yuan. The project will encompass the establishment of a production base capable of manufacturing 100,000 metric tons of silicon-carbon precursor resin materials annually, along with 200,000 metric tons of new energy functional materials per year. Additionally, it will serve as a hub for the commercialization of research and development outcomes. It's important to note that this matter is still pending review and approval from the shareholders' meeting.