According to some media reports, the price of silicon carbide substrates will drop by 30% in 2024. I would like to ask whether the price of silicon carbide substrates sold by the company has dropped significantly?

Tianyue Advanced: Dear investors, hello! The price of silicon carbide substrates will fall. On the one hand, this is due to the improvement of technology and the scale effect that drives down the cost of substrates; on the other hand, the current price of silicon carbide substrates is high, and price reductions will help expand downstream applications and promote the penetration and application of silicon carbide technology and materials. Similar to other semiconductor materials, leading domestic and foreign companies will currently consider pricing strategies based on market conditions, their own products, specific customers and other factors, and some new participants will also gain market share by lowering prices, which is in line with the law of industry development. In recent years, the company has always insisted on strengthening cooperation with international first-line manufacturers and insisting on product quality. The company's automotive-grade high-quality substrates, consistency of product delivery, and stability are all crucial to customers. In recent years, the market share has continued to increase. Thank you for your attention!