[CNGR Plans Hong Kong Listing] On February 12, lithium battery cathode material producer CNGR announced the initiation of preparations for a Hong Kong IPO. This move aims to further advance the company's "global development" strategic deployment, establish an international capital operation platform, support the continuous upgrading of its global industrial layout, and accelerate the construction of a dual domestic and international circulation framework. The company intends to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange. The company's board of directors has authorized the management to commence preliminary preparations for this H-share listing. The company is expected to discuss specific progress on this H-share listing with relevant intermediaries, and the details of this H-share listing have not yet been finalized.