[Signing of Yuandian New Energy's All-Solid-State Battery Industrial Base Project] The project is expected to involve a total investment of approximately RMB 2.5 billion, funded by Zhejiang Lumotong Holding Group. It will establish a high-end digital factory (solid-state series products) with a 5GWh production line for solid-state batteries (compatible with semi-solid-state batteries). It is projected to achieve an annual output value of RMB 5 billion and tax revenue of RMB 150 million after reaching full production. In the future, it will introduce R&D and production related to lithium-air fuel cells. Previously, on April 11, 2025, the Investment Promotion Center of the People's Government of Qiantang District, Hangzhou, signed a tripartite cooperation framework agreement with Shenzhen Yuandian New Energy Co., Ltd. (hereinafter referred to as "Yuandian") and Hangzhou Lumotong Energy Storage Co., Ltd. (hereinafter referred to as "Lumotong") to jointly invest in and construct a 5GWh all-solid-state new energy industrial park. The total investment for this project is expected to exceed RMB 2 billion. Upon completion, the annual output value is projected to surpass RMB 5 billion, making it one of the few cutting-edge industrial bases globally with the capability for mass production of all-solid-state batteries.