Core Viewpoint - The company addressed investor concerns regarding significant losses, clarifying that the pricing of raw materials from the controlling shareholder is based on established principles and is not excessively high [1] Group 1: Pricing Principles - The company follows a pricing principle for related party transactions that references government pricing or market prices where applicable [1] - In the absence of government pricing or active market prices, the pricing is determined based on similar transactions or through mutual agreement, ensuring a reasonable profit margin [1] - The pricing for vanadium slag is set at cost plus a maximum of 10% reasonable profit, while titanium concentrate is priced according to market rates [1] Group 2: Governance and Transparency - The pricing principles for related party transactions were approved by the company's shareholders, and the controlling shareholder abstained from voting to ensure compliance with governance rules [1] - The company emphasizes that the pricing mechanisms are transparent and adhere to the approved guidelines, addressing investor concerns about profit margins [1]