Lianrui New Materials has signed an investment agreement with the Jingyan County Government of Leshan City, Sichuan Province, to build a high-performance powder materials project for semiconductor packaging. The project involves a total investment of approximately RMB 1 billion and will be implemented in two phases. The first phase requires an investment of approximately RMB 600 million and is located in the Shijiaqiao Industrial Park in Jingyan County, covering approximately 160 mu, with a construction period of 24 months. The facility is expected to be completed and commence production within 12 months from the start of construction. Once fully operational, it will produce 30,000 tons of spherical inorganic powder for semiconductor packaging annually. The project will be implemented by a newly established subsidiary, Lianrui New Materials (Sichuan) Co., Ltd. (tentative name), with a registered capital of RMB 150 million. As of now, the project land has not yet been acquired, and uncertainties remain regarding approvals and financing.