On November 14th, Earth-Panda Advanced Magnetic Material (688077.SH) stated on the investor interaction platform that the company actively pays attention to mergers and acquisitions-related policies, values optimizing assets structure and industrial layout work. If there are any merger or acquisition plans, the company will fulfill disclosure obligations in a timely manner according to relevant regulations. The company has not yet received information regarding assets injection from major shareholders. If such information is received, the company will fulfill disclosure obligations promptly as required. The company places great emphasis on market cap management work. On one hand, it will focus on its rare earth permanent magnets main business, striving to improve operational efficiency and profitability. On the other hand, it will continue to manage investor relations and related disclosure work, establish smooth communication mechanisms with investors through performance explanations, investor receptions, investor hotlines, etc., carry out share buybacks, cash dividends, stock-based incentives, and other plans in a timely manner, effectively communicate company value, protect investor interests, enhance investor returns.