Shudao Equipment announced that the company plans to sign the “Lexi High Speed Electromechanical Steel Structure” Project Product Material Purchase and Sale Contract”, “Lushi High Speed Electromechanical Steel Structure” Project Product Material Purchase and Sale Contract, and the “Chengmian Expanded High-speed Electromechanical Steel Structure” Project Product Material Purchase and Sale Contract” with Sichuan Gaolu Information Technology Co., Ltd. The total contract amount is 11.2925 million yuan including tax, with a VAT rate of 13%. Gaolu Information Company is a related party to Shudao Transportation Service Group, the controlling shareholder of the company, and is an associated corporation of the company. The transaction was reviewed and approved by the 40th meeting of the fourth board of directors of the company, and there is no need to submit it to the company's shareholders' meeting for consideration.