May I ask if Hunan Shenghua is a subsidiary of your company? Does Hunan Shenghua have iron phosphate production capacity?

Fulin Precision: Hello, Hunan Shenghua Technology Co., Ltd. (hereinafter referred to as "Hunan Shenghua") is a subsidiary of Hunan Shenghua New Materials Technology Co., Ltd. (hereinafter referred to as "Shenghua New Materials"), a wholly-owned subsidiary of the company. Hunan Shenghua has no iron phosphate production capacity. Thank you for your attention!