Suzhou Hailu Heavy Industry announced that based on future development Global Strategy planning and Business development needs, to further enhance the company's overall competitiveness, expand market channels, and support the company's high-quality development, it intends to sign an "Investment Agreement" with the Management Committee of the Jiangsu Zhangjiagang Free Trade Zone through its wholly-owned subsidiary, Zhangjiagang Hailu Junli Heavy Equipment Co., Ltd., to implement the construction of the "Fourth Generation Nuclear Power Equipment Project". The total investment for this project is expected to be 0.4 billion yuan, with funding sourced from self-owned and self-raised funds. The project involves an annual production of 150 sets of nuclear-grade equipment, including applications for nuclear fission reactors, high-temperature gas-cooled reactor metal core supports of the fourth generation reactor type, etc. The project construction site is located within the heavy equipment park under the jurisdiction of the Management Committee of the Jiangsu Zhangjiagang Free Trade Zone. Once the project reaches its full production capacity, it is expected to generate additional revenue of 0.6 billion yuan and additional tax revenue of no less than 30 million yuan. This investment does not constitute a related party transaction and does not constitute a major asset restructuring.