On March 18, Jifeng Technology made an announcement revealing that its wholly-owned subsidiary, Jifeng Low Altitude Technology (Hubei) Co., Ltd., had entered into a Strategic Cooperation Agreement with China Telecom Hubei Branch and Shenzhen United Aircraft Technology Co., Ltd. Under this agreement, the trio will embark on extensive collaboration within the low-altitude economy domain. Their joint efforts will encompass the establishment of a demonstration base for UAV (Unmanned Aerial Vehicle) application scenarios, a thorough exploration to broaden the large-scale application of the low-altitude economy industry, and a cooperative endeavor to carry out performance validation of low-altitude infrastructure and equipment. It's important to note that this agreement serves as a framework pact, devoid of specific financial figures, and is not anticipated to exert a substantial influence on the company's financial standing or operational outcomes for the current year.