Recently, Shanghai Ganfeng Resource Recycling Technology Co., Ltd. was established, with Zhang Yuming as its legal representative and a registered capital of 100 million yuan. Its business scope includes: General Projects: R&D of resource recycling technology; sales of renewable resources; manufacturing of basic chemical raw materials (excluding the manufacturing of hazardous chemicals and other licensed chemicals); processing of metal scrap and debris; manufacturing of non-ferrous metal alloys. Independent Display (Specialty) Projects: recycling and second-life application of waste power batteries from NEVs (excluding the operation of hazardous waste); smelting of common non-ferrous metals; sales of chemical products (excluding licensed chemical products); sales of non-ferrous metal alloys; promotion services for new material technologies; engineering and technological research and experimental development; sales of high-purity elements and compounds; and environmental protection consulting services. Shareholder information indicates that the company is jointly held by Shanghai Liruiniu Resource Recycling Technology Co., Ltd. and Ganfeng Lithium.