Muyuan Foods (002714) disclosed in the investor relations activity record table that the expected capital expenditure for the whole year of 2024 will be around RMB 10 billion, of which RMB 3 billion will be used for maintenance and renovation, and the remaining part will be mainly used for the settlement of completed projects and the construction of animal slaughter capacity. The company's newly added hog farming capacity construction in the past two years has been in a slowing down state, and the scale of projects under construction has also shown a trend of gradual decline year by year. In the future, with the gradual completion of the company's production capacity construction, new capital expenditures will mainly be used for the upgrading and renovation of farms, and it is expected to remain at a relatively low level every year.