Riliu Technology announced that the company plans to carry out the 'Riliu Technology Annual Production of 3000 Sets of Industrial X-ray Smart Testing Equipment' project, participating in bidding to obtain the land use rights for 44,447.5 square meters (about 66.74 acres) in Xinzhu District, Wuxi City, through listing and carry out the first phase of the project. The project is divided into two phases, with this investment being the first phase of the project, with an investment amount of 0.7 billion yuan (including the land transfer fee). The source of funds is from its own funds and bank loans. This investment has been approved at the third meeting of the fourth board of directors of the company. Within the authority of the board of directors, it does not require approval from a shareholders' meeting. This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring. However, there are uncertainties regarding whether the land use rights can be acquired, the final fill price, and the timing of acquisition, as well as the risk of obtaining relevant pre-approval for project implementation.