Main customers and downstream markets of Zhongrui Shares

Zhongrui shares' main customers include LG New Energy, BYD Battery and Energen Technology, and its products are mainly ternary. In the first half of 2023, the sales amount of the top five customers accounted for 88.51% of the main business income, of which LG accounted for more than 75%. The downstream market covers new energy vehicles such as Tesla, electric bicycles of brands such as Niu, Hello, and Yadi, and electric tools of brands such as Dyson, TTI, and Bosch.