Waystar Intelligence: Intends to use 200 million yuan of the originally raised investment project funds to purchase land and build factory buildings, as well as establish new production lines.

Weixing Intelligent Announcement: We plan to purchase industrial land from the Yuhang Sub-bureau of the Hangzhou City Planning and Natural Resources Bureau to implement a new investment project, with a total investment of approximately 401 million yuan. The funds will come from the raised funds of the original investment project which amount to 200 million yuan. The company needs to legally bid for and purchase the land use rights for the new investment project through public auction, and then plans to build its own factory, production and supporting facilities on the purchased land.