【Lithium Iron Phosphate: Wanrun's Wholly-Owned Subsidiary Plans to Establish a Project Company in the US to Build a Lithium Iron Phosphate Project】On September 23, Wanrun Xinneng announced that its wholly-owned subsidiary Wanrun New Materials plans to invest USD 168 million to establish a project company, Wrestore Technology LLC, in the United States through a series of wholly-owned subsidiaries. This project company will be responsible for implementing the "Wanrun Xinneng US New Energy Cathode Materials and Industrialization R&D Center Project." The overall planning of the project has an annual production capacity of 50,000 tons of lithium iron phosphate, which will be constructed in phases, with the first phase proposing to build an annual production capacity of 9,000 tons of lithium iron phosphate.