Hello, Mr. Dong, how is the sales volume of the newly added production capacity of lithium iron phosphate since the fourth quarter? Will it further drive revenue and profit growth?

Fulin Precision: Hello, the company's Shehong Phase II project with an 80,000-ton lithium iron phosphate production capacity was officially put into production on September 28, 2022. At the same time, the 60,000-ton production capacity of the Phase I project has been upgraded to full production. Shehong Phase I and Phase II have both the process and production requirements of lithium iron phosphate and lithium iron manganese phosphate, which can meet the diversified needs of customers and the market for phosphate positive electrode materials. The company's preliminary preparations for the investment and construction of the "Annual Production of 150,000 Tons of New High-Pressure Compacted Lithium Iron Phosphate and Supporting Main Materials Integrated Project" in Yichun Economic Development Zone are underway. It is expected to be completed and put into production by the end of December 2023. The company's newly constructed production capacity will also have the process and production requirements of both lithium iron phosphate and lithium iron manganese phosphate. With the further increase in production capacity and the upgrade of the supply chain, scale cost reduction will gradually be achieved, thereby continuously improving the profitability of the lithium battery positive electrode materials business. Thank you for your attention!