Fujian Tianma Science and Technology Group stated on the investor interaction platform that it is steadily promoting the integration and development of the three industries of eel farming and is committed to building a national high-tech industrial park for modern agriculture (eels). Currently, the group is closely focusing on the industrial layout of eight major industrial clusters and two eel farming bases with an area of tens of thousands of acres. The first phase of construction has been basically completed and entered normal operation. The company's eel breeding bases in Fujian, Guangdong, Jiangxi, Hubei, Guangxi and other places are continuously increasing production according to plan. Starting from April, the company has continuously disclosed monthly eel release briefings. According to the latest disclosed "Tianma Technology May 2024 Eel Release Briefing", the company's eel release in May 2024 was about 1,890.87 tons, continuing to increase from the base of 1,011.42 tons in April. As the Japanese eel festival approaches, the current market demand for eels of varying sizes is strong. The company is currently receiving large orders of batched live eels (with order sizes ranging from 1,000 tons to 300 tons). Eel production and sales have entered the peak season, with abundant orders for live eels, ensuring the completion of the second quarter's 5,000-ton fish sales plan. With the effective release of the company's breeding capacity and the formation of a complete and effective closed-loop operation mode for the entire eel industry chain, the company is confident in achieving the goal of more than 15,000 tons of eel release throughout the year. With the end of this year's Japanese eel fry fishing season, Japan's eel fry catch is lower than expected, and global fry yield is expected to be no more than 35 tons, a decrease of about 30% from last year. As for American eel fry, this year's eel fry sowing volume is also expected to be more than 10% less than last year. Therefore, the balance between supply and demand in the eel sales market has changed. The decrease in supply has accumulated energy for the rise in eel prices, and the price outlook for the eel market is positive. Currently, the average price of eels of different grades from America has increased by 5-8 thousand yuan/ton, and the live eel sales market is expected to remain optimistic.