Jinan High-Tech Development announced that its wholly-owned subsidiary Ruifuxiang Corporation signed a 'Steel Bar Purchase Contract' with affiliated party Dongjin Chanda. Ruifuxiang Corporation will provide an estimated 7,000 tons of steel bars for Dongjin Chanda's real estate project. This transaction constitutes a related party transaction but does not constitute a major asset restructuring, and is within the previous bid limit, therefore no need to submit to the company's board of directors and shareholders' general meeting for approval. The contract settlement price is the market steel bar price plus 40 yuan/ton, which is expected to increase the company's revenue. The specific impact amount awaits final audit confirmation by the annual accounting firm.