HanGao Group: plans to invest in new construction projects with an estimated amount of 2.018 billion yuan.

HanGao Group Announcement: In order to further implement the company's future development strategic planning, expand the production capacity of advantageous products, and enhance the company's overall strength, the company plans to participate in the bidding for the land use rights of plot SD-I-05-01-02-08 in the second phase of Shunde High-tech Zone, Foshan City, Guangdong Province, and invest in a new project. The starting price for this land use rights bidding is RMB 252 million, and the estimated investment amount for the project is RMB 2.018 billion. The funds will come from self-owned funds, bank loans, or other financing methods. The company plans to establish a wholly-owned subsidiary to be responsible for the development, construction, and operation of this project.