On November 14, Gongniu Group (603195) announced that an agreement had been reached with Shanghai Tongji University Education Development Foundation to jointly establish the "Tongji University Gongniu Education Innovation Fund". Gongniu Group will contribute to education innovation, talent development, and innovation and entrepreneurship. Leveraging the "Health Light Laboratory", it will promote cooperation, development, and application of cutting-edge technologies in the smart lighting field. Gongniu Group also inaugurated its Shanghai headquarters located in the Chongming Island Oasis Smart Valley Zhaoxiang Park on the same day. In the future, Gongniu Group's Shanghai headquarters will be the hub for research and development of strategic businesses like smart lighting and new energy, as well as the operational functions of e-commerce and new retail. It will attract high-end technology and management talent, becoming Gongniu Group's innovation and talent center in the Yangtze River Delta region.