Lithium Iron Phosphate Leader Layout for Battery Recycling Recently, Hunan Yuneng disclosed the record of investor relation activities, showing that the company's production and operation are normal, and it maintained a high rate of production in January of this year. The company has established a wholly-owned subsidiary, Hunan Yuneng Recycling Technology Co., Ltd., to carry out battery recycling business, and the project is progressing in an orderly manner. Battery recycling is an important part of the company's integrated industry layout for "resource-predecessor-cathode material-recycling", which helps to consolidate the company's cost advantage and further improve the supply capability of key raw materials, creating a resilient supply chain and enhancing overall competitiveness.