The company mentioned in its announcement on February 28, 2022 that it will cooperate with Yichun Economic Development Zone to develop and utilize lithium resources comprehensively, including but not limited to lithium mine development projects, lithium salt production capacity construction projects, and lithium battery recycling and reuse projects. Can you introduce the lithium mine development project and its progress in this regard?

Fulin Precision: Hello, the company has established strategic cooperation with the upstream and downstream industrial chains through self-construction of the supply chain system and upstream ecological layout. CATL has established a stable and continuous cooperation relationship with the company based on capital by increasing the capital of its subsidiary Jiangxi Shenghua; the company will become an important shareholder of Hengxinrong through the acquisition of Hengxinrong’s equity and subsequent capital increase and share expansion, realizing the underwriting of lithium phosphate and the supply of lithium carbonate; at the same time, the company will actively expand resources and ecological cooperation to further ensure the supply of upstream lithium resources of the company’s lithium iron phosphate business and accelerate the company’s upstream and downstream integration strategy of new energy lithium battery materials. Thank you for your attention!