Ruhua Technology announced that its wholly-owned subsidiary Shenzhen Ruhua Technology Applied Materials Co., Ltd. intends to use self-raised funds to participate in the bidding for the construction land E2024-0004 in the Shen-Shan Cooperation Zone, covering an area of 0.0836 million square meters, approximately equivalent to 125 acres, with a starting bidding price of 30.3 million yuan. This parcel is located in the Ebu Street of the Shen-Shan Cooperation Zone in Shenzhen, designated for industrial use, with a land transfer period of 30 years. The bidding method is open bidding, and there remains uncertainty regarding whether the land use rights can be won, the final fill price, and the acquisition time.