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UIn a new year faced with opportunities and challenges, hopes and difficulties, we will work together to deeply cultivate the new energy industry market and create a new ecosystem in the industry. The Group will continue to cooperate with international new energy enterprises, major state-owned energy enterprises, universities, and scientific research institutes with focus on enhancing innovation standards, developing diversified products, improving the value-added products and technology of products and enhancing its intelligent, scenario-based, and systematic service capabilities, thereby increasing the comprehensive competitiveness which enables multiple application scenarios.

We will further leverage the synergies of motive batteries, smart ESS and resource recycling solutions to realize diverse application scenarios including green mobility, zero-carbon industries, and zero-carbon city. The Group will adhere to a systematic, market-driven and innovation-guided approach to resolve bottlenecks and obstacles during the process of developing the entire industry chain of green energy in an effective manner, and unleash the unlimited potential of low-carbon energy storage and application of intelligentization, so as to build a more attractive industrial ecosystem.

In 2024, we will continue to practice the concept of green development, further focus on new changes and unite consensus to form a more self-driven science and innovation platform for new energy and stimulate new momentums for the high-quality development of the industry. Adhering to the philosophy of openness, cooperation and win-win situation the Group will take technological innovation and intelligent management as the engine to create diversified technology solutions of "lead, lithium, hydrogen, sodium" with forward-looking technological products and a forward-looking management system, blending science with technological innovation while contributing to the high-quality development of the new energy industry.

Zhang Tianren
Chairman

Hong Kong, 28 March 2024