The company is the world's leading lithium ecological enterprise. It has the production capacity of more than 40 types of lithium compounds and lithium metal products in five categories. It is one of the manufacturers with the most complete supply of lithium series products. The perfect product supply mix can meet the unique and diverse needs of customers. The company started with midstream lithium compounds and lithium metal manufacturing and successfully expanded to the upstream and downstream of the industrial chain. The company has formed a vertically integrated business model. The business covers all important links in the industrial ecosystem, such as upstream lithium resource development, midstream lithium compounds and lithium metal processing, and downstream lithium battery manufacturing and comprehensive recycling of decommissioned lithium batteries, so that we can gather the latest market information and develop cutting-edge technology to effectively exert synergies between various business segments and consolidate market position to enhance operational efficiency and profitability. Our products are widely used in electric vehicles, aerospace products, functional materials and pharmaceuticals, and most of our customers are global leaders in their respective industries. The Ganfeng ecosystem continues to promote the company to launch new products and services, enabling us to form strategic partnership relationships with customers and end users. The company's integrated supply and production chain and the business and related relationships of various business segments within the Ganfeng ecosystem are as follows: Upstream lithium resources: Through the global distribution of lithium ore resources, the company has controlled many high-quality lithium resources in Australia, Argentina, Ireland, Qinghai, Jiangxi and other places in China, respectively, and has formed a stable, high-quality and diversified raw material supply system. The company has signed long-term purchase agreements for most lithium resources. The main lithium resource currently used by the company is the Mount Marion project in Australia. Through continuous investment in upstream lithium resource companies and signing long-term strategic procurement agreements, the company has guaranteed and consolidated the stable supply of high-quality upstream lithium raw materials. Lithium compounds: The core of the Ganfeng ecosystem is the lithium compound business segment. The main products include (1) battery-grade lithium hydroxide, (2) battery-grade lithium carbonate, (3) lithium chloride, (4) lithium fluoride, etc., which are widely used in lithium battery materials and chemical and pharmaceutical fields such as electric vehicles and portable electronic devices. Customers mainly include global battery cathode material manufacturers, battery suppliers, and automobile original equipment manufacturers. Lithium metallic: The company ranks first in the world in the production capacity of lithium metallic products. The company can produce lithium metal ingots, lithium foils, lithium bars, lithium particles, lithium alloy powders, and copper-lithium or lithium-aluminum alloy foils of different specifications and thicknesses according to customer needs, mainly used in (1) lithium battery anode materials; (2) pharmaceutical reaction catalysts; and (3) alloys and other industrial materials. Customers include battery manufacturers and pharmaceutical companies. The main raw material for lithium metal is lithium chloride, which is supplied internally from the company's lithium compounds business segment and lithium battery recycling business segment, as well as lithium chloride recovered from lithium-containing catalyst solutions from pharmaceutical companies. Lithium batteries: Most of the company uses anode materials, cathode materials and electrolytes purchased from customers in the lithium compounds business segment to produce lithium-ion batteries, which are mainly used in electric vehicles, various energy storage equipment, and various consumer electronic devices, including mobile phones, tablets, laptops, TWS headphones, drones, etc. At the same time, the company actively promotes R&D, production and commercial application of solid-state lithium batteries. Lithium battery recycling: The use of electric vehicles and consumer electronics products will surely drive a continuous increase in social demand for the treatment of decommissioned lithium batteries. The company's lithium battery recycling business has broad market prospects and huge economic potential. It can also further enrich the diversified supply channels for lithium raw materials and achieve comprehensive recycling of lithium, nickel, cobalt, manganese and other metal resources. The company's recycling of decommissioned lithium batteries provides sustainable value-added solutions for battery manufacturers and electric vehicle manufacturers, further strengthening relationships with customers from the battery manufacturing business.