On July 25th, Gelonghui reported that Beijing Watertek Information Technology (300324.SZ) stated on the investor interaction platform that the company holds 9.91% of the shares in Baiwang Co., Ltd. The successful listing of Baiwang Co., Ltd. on the Hong Kong Stock Exchange has had a positive impact on the company. Looking to the future, under the background of the State Administration of Taxation actively promoting the construction of the fourth phase of the Golden Tax Project, the company will comprehensively layout enterprise-side software and its derivative value-added services, utilizing relevant technologies such as cloud computing, big data, AI, and blockchain, to help enterprises establish a system covering integrated finance and taxation, taxation declaration, accounting file management, and data analysis, comprehensively supporting the digital transformation capabilities required for enterprise development. The company will actively explore new application scenarios for bill applications, digital finance and tax applications, and other tax-related business expansions to ensure the company's sustainable development in the new era of digital finance and taxation, and consolidate the company's stable position in the finance and taxation market.