Group 1 - The company holds 100% exploration rights for the Jijia Mountain mining area, which will be independently developed and operated by its wholly-owned subsidiary, Hunan Dazhong He Lithium Mining Company [2] - Since 2022, the company has been expanding its lithium mining operations in Hunan and acquired 80% control of Chenzhou Chengtai at a low cost in April 2023, later obtaining 100% ownership through bankruptcy reorganization [2] - The total cost for acquiring the exploration rights for the Jijia Mountain lithium mine was 209 million yuan, providing a significant cost advantage [2]

Core Viewpoint - The company has committed to completing the "two-in-one" plan for the Jizhu Mountain lithium mine by July 1, 2025, and will submit an application for exploration to mining conversion to the Ministry of Natural Resources [1] Group 1 - The company is actively progressing the approval process for the Jizhu Mountain lithium mine project and is preparing to comply with all regulatory requirements [1] - The project will still require approval from the Ministry of Natural Resources according to applicable policy principles [1] - The company will ensure timely information disclosure to keep investors informed about the project's progress [1]