Hello Mr. Secretary Dong, the company announced in July 2022 that it had signed a contract worth 1.393 billion yuan. How is the company's current performance of the above contract and how much product delivery has been completed?

Tianyue Advanced: Dear investors, hello! Benefiting from the excellent physical properties of silicon carbide materials themselves and the continuous deepening of downstream application fields, and accompanied by 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. In July 2022, a well-known customer in the industry signed a long-term agreement with the company, agreeing that from 2023 to 2025, the company will sell 6-inch conductive silicon carbide substrate products to it, which provides a strong guarantee for the company's sales of 6-inch conductive silicon carbide substrates, and fully reflects the downstream customers' high recognition of the company's products. Up to now, the above-mentioned contracts are being gradually and orderly promoted in accordance with the agreement, and the performance is good. In the future, the company will be committed to continuously enhancing the company's value growth, consolidating the strategic layout of its business, and continuously building advanced product strength. Thank you for your attention and support, and I wish you a happy life!