I would like to ask the Secretary: Is the company's lithium iron phosphate positive electrode material a low-end product in the industry? Can it not be used in the energy storage industry? Is the 150,000 tons just a legend?

Fulin Precision: Hello, the company's lithium iron phosphate positive electrode materials are mainly used in new energy vehicle power batteries and can also be used in the field of energy storage. The products are mainly positioned to meet the needs of mid-to-high-end automobile OEMs. CATL, as a strategic partner, has a high sales share. The company is also a qualified supplier for leading companies such as BYD and Honeycomb Energy. The company's Shehong Phase II project with a production capacity of 80,000 tons of lithium iron phosphate 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 manganese iron phosphate, which can meet the diversified needs of customers and the market for phosphate positive electrode materials. At present, the company's subsidiary Jiangxi Sublimation Lithium Iron Phosphate has an annual production capacity of 152,000 tons in the short term. Thank you for your attention!