Lebo High-Tech: The MED project is currently being implemented in general according to the planned schedule.

Labogen recently stated during a institutional research that its controlling subsidiary, Zhejiang Labo Showtec Co., Ltd.'s investment in the MED project is currently progressing basically according to plan. The core imported equipment has been gradually delivered in batches and is undergoing continuous installation and debugging. The government-managed factory and supporting facilities renovation, as well as the construction of modular factory buildings and warehouses, are also being carried out synchronously. The project construction period is estimated to be 2 years, and the company is actively and steadily pushing forward with the implementation of the MED project, striving to achieve smooth production as soon as possible.