Yongtai Technology: The development of medium- to long-term lithium battery technology in collaboration with Fudan University is progressing in an orderly manner.

On July 22nd, Yongtai Technology stated on the interactive platform that the company's medium to long-term lithium battery technology development project in collaboration with Fudan University is progressing in an orderly manner. The interim results that have been achieved will undergo ownership confirmation and intellectual property protection as agreed upon; downstream verification feedback is in line with expectations. Currently, the revenue from lithium replenishment products under this technology has not reached a significant scale and will not have a major impact on the company's short-term performance and financial condition. The development of new products and new technologies requires a certain research and development cycle and industrialization cycle, and the final industrialization results may be influenced by various factors.