On December 13, Glonghui reported that Zhejiang Jinggong Integration Technology Co., Ltd. (hereinafter referred to as the company) announced that to meet the needs of its Operation development and accelerate the industrialization process of the company's high-performance fiber project, its wholly-owned subsidiary, Zhejiang Jinggong Carbon Material Technology Co., Ltd. (hereinafter referred to as Jinggong Carbon Material), plans to sign a "Steel Structure and Enclosure System Engineering Professional Contract" with Jinggong Industrial Building System Group Co., Ltd. (hereinafter referred to as Jinggong Industrial), with a total estimated contract price of 29.06 million yuan (including tax, using a fixed price method for both labor and materials). The final settled price will be the fixed contract price plus additional contract costs. Since Jinggong Industrial is a company controlled by Mr. Fang Zhaoyang, the actual controller of the company, according to Article 6.3.3 (4) of the Shenzhen Stock Exchange Listing Rules, Jinggong Industrial has a related party relationship with the company, making the above transaction a related party transaction.