Baolijia announcement, due to significant changes in the market environment, the complexity of project construction exceeding expectations, the company has decided to terminate the investment and construction of a 0.2 million ton resin production line and supporting infrastructure project in Henan Puyang Industrial Park. The project has already accumulated an investment of 31.7625 million yuan in the early stage, accounting for approximately 3.96% of the company's audited net assets in the previous year. The company stated that the termination of this project is a prudent decision made in conjunction with changes in the market environment and the optimization of investment operation, which is of positive significance in reducing investment risks, improving the company's operation, and enhancing its competitiveness, and will not have a significant adverse impact on the company's existing business and operation development.