[Sodium Battery Project Signing: CNAE China Sodium Battery Signs 2GWh Sodium-ion Battery and 10GWh Battery PACK Project in Mianzhu, Deyang] On the afternoon of September 27, 2024, Deyang City, Sichuan Province successfully held a centralized signing ceremony for investment promotion projects. CNAE China Sodium Battery Group Co., Ltd. signed an investment agreement with the People's Government of Mianzhu, Deyang, planning to establish a manufacturing base with an annual output of 2GWh sodium-ion batteries and 10GWh battery PACKs in Mianzhu, Deyang. This will be CNAE's first battery cell and PACK base in the southwestern region of China, and the project will officially commence in October 2024. Currently, CNAE China Sodium Battery operates Zhongna Energy (Yangzhou) Co., Ltd. in Baoying, Yangzhou, which boasts a fully automated production line with an annual output of 1GWh sodium batteries and 5GWh battery PACKs.