Shandong Daye announcement: The company plans to invest approximately 1.485 billion yuan in Morocco to establish a production base for tire cord steel wire and steel cord, with an initial investment of around 0.85 billion yuan and a later second-phase investment of 0.635 billion yuan. The project will be implemented in two phases, with the first phase investing in the construction of a 0.04 million tons per year tire cord steel wire production project and a 40,000 tons per year steel cord production project, with an expected construction period of 2 years. The funding sources include self-owned funds or self-raised funds. The project still needs to go through relevant approval procedures, and there is a certain level of uncertainty.