In 2016, Hubei Longxiangxing Traditional Chinese Medicine Co., Ltd. invested 30 million yuan, with 30% equity and 15% each; In 2017, each project increased its capital by 20 million yuan, accounting for 40% of the shares, with each holding 20%; In 2018, our company, Hubei Longxiangxing Construction and Installation Engineering Co., Ltd., exclusively invested 50 million yuan in a project (limited to project investment), which is exclusively applicable to our company's 10% stake in existing large-scale projects that have been shortlisted for cooperation. From 2020 to 2024, our company, Hubei Longxiangxing Traditional Chinese Medicine Co., Ltd., and Hubei Longxiangxing Construction and Installation Engineering Co., Ltd., have accumulated more than 90 million yuan in project capital during this period. We have been financing project logistics throughout the year, with a project proportion of 50%, providing strong and stable financial support for the rear. Our company will focus on the 2024 project shareholding reform and fully operate financial logistics (supply chain finance logistics - nationwide project areas are not restricted, project investments are all fair and recorded, and investment returns are fair). We have accumulated 300 excellent cooperation cases to ensure the healthy operation of logistics projects.
Our company invites social capital and financial parties to invest in projects all year round. In the early stage of project cooperation, all reliable real data support and client industry environment indices, financial conditions, risk indices, and capital investment return rate rehearsals are provided. Both parties are fully committed to introducing high-end logistics talents, improving industry differentiation competition, highlighting economies of scale to reduce costs, transforming industry blind spots, strengthening financial supply, and empowering the construction of logistics in the new era.