2022-12-07 09:06Group 1: Acquisition and Strategic Positioning - The acquisition of Meibai Electronics allows the company to leverage its existing technological strength and market position to quickly enter promising downstream applications in lithium deep processing [2] - Meibai's business will complement the company's existing lithium operations, creating synergistic advantages [2] - The company plans to support Meibai in capacity expansion and funding to enhance its competitiveness in the polymer lithium-ion battery industry [2] Group 2: Investment in Boston Battery - The company values Boston Battery's technological capabilities, particularly in the context of the promising development prospects for new energy vehicles [3] - The company will continue to develop around a strategy of upstream and downstream integration [3] Group 3: Pricing Mechanism and Raw Material Supply - Various lithium products are primarily priced based on industrial-grade lithium carbonate prices, with slight price increases possible due to raw material cost rises [3] - The supply of lithium raw materials consists of approximately 30% brine and lithium spodumene, and 15% recycled materials [3] - The company's two owned mines are still in the exploration stage and will require 3-4 years before production can commence [3]