[CATL and CITIC Financial Leasing Sign Strategic Cooperation Agreement] On December 4, CATL's wholly-owned subsidiary, Times Electric Service Technology Co., Ltd. (hereinafter referred to as "Times Electric Service"), signed a strategic cooperation agreement with CITIC Financial Leasing Co., Ltd. (hereinafter referred to as "CITIC Financial Leasing"). The two parties will jointly promote the development of the Chocolate battery swapping ecosystem, enhance the professionalism and diversity of battery swapping services, provide users with a more convenient and efficient energy replenishment experience, and further accelerate the widespread application of the battery swapping model.