Group 1 - The company, JinJing New Energy, has entered into a strategic framework agreement with Tianqi GrandVision Energy Limited to enhance collaboration in core R&D areas, particularly in lithium-ion battery recycling technology [1][2] - The agreement includes the establishment of a joint laboratory or project to address key challenges in the full-cycle recycling technology and to jointly apply for research funding in Hong Kong and internationally [1] - The partnership aims to create a capital cooperation relationship through cross-equity investment after completing feasibility studies, focusing on developing closed-loop battery recycling technology and enhancing processing capabilities in Hong Kong [1] Group 2 - The board believes that the agreement will generate strong operational and industrial synergies for both parties, optimizing resource allocation and improving overall recycling efficiency [2] - The collaboration is expected to create higher value throughout the lithium battery lifecycle, thereby enhancing competitiveness and profitability in the evolving battery materials industry [2]

Core Viewpoint - The company is focusing on lithium battery recycling and aims to leverage its technological capabilities to enhance its position in the recycling industry, while exploring strategic partnerships and potential growth avenues in this sector [1]. Group 1: Business Strategy - The company is committed to becoming a world-class technology firm in the fields of coal selection, mineral selection, and resource recycling [1]. - The current focus of the lithium battery recycling business is on the pre-treatment stage of used lithium batteries, aiming to empower both incremental recovery enterprises and wet recovery companies [1]. - The company is actively seeking high-quality targets that complement its technological, product, or market advantages for potential investments or acquisitions [1]. Group 2: Market Position and Future Potential - The lithium battery recycling technology is still in the investment phase and has not yet generated revenue [1]. - The company is exploring growth opportunities through technological innovation and resource integration, although future contributions to performance will be influenced by market conditions, policy directions, and business maturity [1]. - The company emphasizes its commitment to strict information disclosure obligations and will keep investors informed of significant developments [1].