Xiongdi Technology announced that the company signed a “Public-Private Partnership Agreement (PPP Agreement)”, agreeing that Xiongdi Technology will establish a 100% controlled project company in Burkina Faso. The project company will be the construction, implementation and operation entity of the project to provide the Burkinabé national government with an electronic passport system and overall solution that meets ICAO international standards. The total contract amount was 219,725,301,005 in CFA francs (approximately RMB 236.59 million based on the latest exchange rate, based on the final actual confirmed amount), accounting for more than 50% of the company's audited operating income in 2023, meeting the disclosure standards for major contracts in the company's daily operations.