Tianhua New Energy: Have a positive outlook on the trend of lithium prices.

Regarding the question of "how the company anticipates future demand and the trend of lithium prices", Tianhua New Energy stated in an online institutional meeting on July 9th that we still hold positive expectations for price trends. In the medium to long term, there is strong sustained energy storage demand from the perspective of energy security, demand in overseas emerging markets continues to surpass expectations, there is still broad growth space domestically, and AI energy storage increment can be expected. The trend of electrification of commercial vehicles in China is accelerating, and the penetration rate of new energy vehicles in overseas markets is rapidly increasing. Currently, downstream demand is also very strong, and based on our own production order situation, we can deepen our judgment on demand prosperity. At the same time, we have also implemented a lot of expansion in resources and smelting in sync with embracing the major trend of new energy prosperity.