The announcement of the signing of a cooperation framework agreement between the subsidiary and the Management Committee of Yichun Economic and Technological Development Zone mentioned that the scope of cooperation includes but is not limited to lithium mine development projects, lithium salt production capacity construction projects, lithium battery recycling and reuse projects, etc. Does the company have short-, medium- and long-term plans for upstream lithium mine development and lithium salt production in Yichun?

Fulin Precision: Hello, the production base of Jiangxi Shenghua's 12,000-ton lithium iron phosphate project, a subsidiary of the company, is located in Yichun City, Jiangxi Province. In the future, the company will further leverage its own resources and advantages, and take advantage of Yichun's lithium resource advantages and the advantages of the entire new energy industry chain to promote the development of the company's new energy lithium battery cathode material industry. On the premise of guaranteed lithium resources, the company's lithium iron phosphate cathode material production capacity will be increased, the industrial chain layout will be improved, and the core competitiveness and sustainable development capabilities of the company's new energy lithium iron phosphate business will be further enhanced. Thank you for your attention!