Hongxin Technology announced that it has recently signed a "Technology Development Contract" and a "Parts Procurement Contract" with a leading flying car company in the domestic low-altitude economy. The cooperation includes the development, manufacturing, commissioning, and delivery of the stator main housing, folding propeller outer rotor housing, rigid propeller outer rotor housing, and front and rear wheels. During the validity period of the contract, the wheel price and the three housing prices will be linked to the raw material price and adjusted once a year. It is expected to have a positive impact on the company's operating performance in the future and is expected to promote the company's continued growth in performance.