I would like to ask: How many pieces does the company currently produce and how much does one piece cost? It is said online that the company plans to produce 960,000 pieces in the future. Is this true?

Tianyue Advanced: Dear investors, hello! The silicon carbide semiconductor industry is developing rapidly, especially with the rapid growth of global and domestic demand in terminal markets such as new energy vehicles, new energy power generation and energy storage. The industry's demand for silicon carbide substrates has shown a sustained strong trend. Since last year, the company has accelerated the construction of production capacity of the new factory in Lingang, Shanghai, gradually increased the production capacity of conductive substrates, and successfully started product delivery in May 2023. The second phase of the company's capacity planning for the Lingang factory in Shanghai has also been launched. The company's product pricing is mainly based on a comprehensive consideration of multiple factors such as market supply and demand, product quality, and customer negotiation. Thank you for your attention!