Hello, Secretary Dong, I would like to ask whether the company’s production capacity has increased recently, especially the production capacity of conductive substrates?

Tianyue Advanced: Hello, dear investors! In order to meet the outbreak of the conductive substrate market, the company raised approximately 3.5 billion yuan through its listing on the Science and Technology Innovation Board, mainly used to increase the production capacity of conductive substrates and accelerate the Shanghai Lingang project. The project has been included in the national layout and has been listed as a major construction project in Shanghai in 2022. It is expected that the first phase of the project will be put into production in the third quarter. After reaching full production, the new silicon carbide substrate material production capacity will be approximately 300,000 pieces per year, which is six times the company's current production capacity, and will effectively alleviate the company's insufficient production capacity. According to the company's production capacity plan, the Jinan factory is currently still focusing on meeting the needs of semi-insulating substrates. At the same time, the production and sales of 6-inch conductive silicon carbide substrates will continue to increase, but before the Lingang factory project is mass-produced, the company does not yet have the production capacity to sell large quantities of conductive substrates. Thank you for your attention!