Recently, there are market rumors that your company has launched a rebate plan for some car companies. In the next three years, the price of lithium carbonate for power batteries will be settled at 200,000 yuan/ton, and the excess will be supplemented by your company. At the same time, the car companies that sign this cooperation agreement need to commit about 80% of the battery purchase volume to your company. May I ask: (1) Does your company have the above plan? (2) Will the plan be implemented in 2023? (3) If the price of lithium carbonate remains above 400,000 yuan, will it have an adverse

CATL: Dear investors, the company is promoting communication with long-term strategic customers. We are not cutting prices, but we have acquired some mineral resources and do not want to make huge profits, so we share them with long-term strategic customers. If it is successfully implemented, it will be beneficial to customers and the industry. The company's own mines can cover the lithium salt equivalent involved in this action, and it will still maintain a reasonable profit level. Thank you for your attention.