Progress of Rongbai's overseas Lithium iron manganese phosphate: The construction of the 20,000 mt LMFP in the second phase of the Korean base is being accelerated.

Rongbai already has an annual production capacity of 20,000 mt of ternary cathode materials in the first phase of the JS base in Korea, and has now reached a monthly shipment of hundreds of tons. The second phase of JS includes an annual production plan of 40,000 mt of ternary cathode materials and 20,000 mt of phosphate materials, and the construction is currently being accelerated. It is expected that the production capacity of the first phase project will gradually increase in the third and fourth quarters of this year, and by the end of this year or early next year, it will usher in large-scale mass production. In the first quarter, the company delivered nearly 5,000 mt of products to overseas customers, accounting for about 20% of the total shipments. In H2, with the increase in the scale of mass production at the Korean base and the growth in sales to overseas customers from the domestic base, both will bring a significant increase in the proportion of sales to overseas customers, driving the growth of annual sales and profits.