Core Viewpoint - The company is actively exploring the extension of its downstream industrial chain and plans to carefully select quality partners to advance its layout and development in downstream application fields such as battery production [2] Group 1: Project Development - The company plans to complete the first phase of its lithium mine project in Hunan, which has a capacity of 20,000 tons, by 2026, contributing revenue to the company [2] - There are factors such as license approvals and changes in implementation plans that may cause the project's construction progress to fall short of expectations [2] Group 2: Compliance and Disclosure - The company will strictly adhere to relevant laws and regulations when disclosing any significant cooperation matters in the future [2]

Core Viewpoint - The company is implementing an integrated self-operated model for its lithium mining project in Hunan, managing all core production processes internally to enhance efficiency and profitability [2] Group 1: Operational Strategy - The company employs a full-process self-operated model that includes mining, ore selection, and smelting, all managed by its professional team [2] - In the ore selection and smelting stages, the company plans to collect valuable by-products and further process them based on market demand to generate additional revenue [2] Group 2: Technological Innovation - The project utilizes a self-developed sulfuric acid lithium extraction process, which improves lithium recovery rates while enabling the valuable recovery of by-products [2] - This innovative approach supports a production model of "one mine, multiple products, comprehensive utilization," aimed at reducing overall production costs [2]