Mr. Dong, why did you cancel the production cooperation with Yongxing Materials Yichun Lithium Carbonate? Will the cancellation of the cooperation affect the development of lithium mines?

CATL: Dear investors, this matter will not affect the company's lithium mine development progress. Due to the actual situation that occurred and faced during the project preparation, the company and the other party negotiated to terminate the agreement in a friendly manner to ensure the progress of the company's lithium carbonate smelting capacity construction in Jiangxi. The company's lithium-containing porcelain clay mine development progress depends on the front-end processes such as mining, rather than the back-end lithium carbonate smelting capacity. The company has successively obtained prospecting rights and mining rights, and its business is progressing smoothly. The company has a number of lithium carbonate smelting capacity partners, and the development progress of the lithium mine will not be affected by the changes in this matter. Thank you for your attention.