Huiyun Titanium Industry responded to investors' questions that the company's Phosphate Iron project is progressing in an orderly manner and will announce relevant progress in the future. Huiyun Titanium Industry's new energy project is mainly implemented by its wholly-owned subsidiary Huiyun New Materials, with an investment of 633 million yuan to build a 100,000-ton new energy material phosphate iron project. The project also uses sulfuric ferrous acid, a by-product of the company's titanium dioxide production process, to realize the comprehensive utilization of resources and further extend the company's circular economy industrial chain to the new energy field.