This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
From "GIRLS und PANZER der Film" comes a B-style figure of the Saunders Girls High School Team commander, Kei! The open-minded and cheerful Kei has been sculpted in an impressive 1/4th scale wearing a sexy black bunny girl outfit. Be sure to display her with the previously announced figure of Oarai Girls High School Ankou Team's loader, Yukari Akiyama, and enjoy a more mature look for the both of them in your collection!
Figure Size: Approximately 44cm in height