Gilston Group Ltd. has announced a business update regarding the ongoing regulatory review for the renewal of the right to use the Land associated with Jiajinlong Car City. As per the latest announcement, the application procedure for the renewal is still underway, with the company actively collaborating with relevant parties, including the Lessees, to secure approval. The Board of Gilston Group Ltd. assures that there have been no significant obstacles encountered thus far and anticipates no material disruption to the operations of Jiajinlong Car City. The company emphasizes that the situation is being closely monitored, and further announcements will be made as appropriate. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares. No mention of grant or funding involving multiple organizations was made in this announcement.