On August 30, Gelonghui announced that on August 29, 2024, the company received the letter of Guangdong Science and Technology Department with the number 〔2024〕1111 regarding the recovery of financial funds for the project 'Research and Application of Key Materials and Devices for High-Frequency Low-Loss Acoustic Wave Filters'. In accordance with the requirements of relevant departments, the company is now required to return 8 million yuan of financial funds for this project and transfer the funds to the designated account of the Provincial Science and Technology Department before September 30, 2024.