【GEM Expands Indonesia's Ternary Cathode Precursor Capacity to 50,000 mt!】 To date, the company's annual 30,000 mt high-nickel power battery ternary cathode precursor material project has been completed and fully secured medium and long-term global customer orders. To meet the additional needs of global customers, the company is expected to expand the capacity of the annual 30,000 mt high-nickel power battery ternary cathode precursor material project to 50,000 mt. The project will continue to be implemented under the entity name PT INDONESIA QINGMEI ENERGY MATERIALS (hereinafter referred to as "QINGMEI"). GEM (Jiangsu) holds a 99% equity stake in QINGMEI, while NEW HORIZON INTERNATIONAL HOLDING LIMITED holds a 1% equity stake.