Over the past two years, there has been a notable transition in China's new energy vehicle sector, shifting from being "policy-driven" to "market-driven". As a result, the market penetration has been continuously increasing, particularly in the thriving realm of lithium-ion technology. Recognizing this favorable opportunity, our company is poised to seize and capitalize on this momentum and further solidify our presence in the lithium-ion new energy sector through further exploration and cultivation.
        Our company has always established a research and development strategy that revolves around technological innovation and places talent as its foundation. With a core team dedicated to the lithium battery field for over 20 years, we boast a wealth of work experience and extensive research and technical expertise. Our research and innovation personnel all possess relevant educational backgrounds and years of practical experience. In addition to relying on our exceptional in-house R&D team, Synvent has ambitious plans to establish various high-level research platforms within the next 1-2 years. These include an academician workstation, a national postdoctoral innovation practice base, and a provincial-level research and innovation center. We have also fostered deep collaborations with multiple research institutions, harnessing external strategic resources to support our company's development, while forging strong industry-academia partnerships. We strive to build a highly skilled and innovative R&D team that covers all strategic product lines comprehensively. Through the accumulation of technical expertise and our company's growth over the past two years, our goal is to attain national high-tech enterprise certification within this timeframe. We aspire to become a prominent player in the new energy sector, expanding our presence and solidifying our position as an industry frontrunner.
        The company places utmost importance on the research and development of new products and processes. Since its initiation, we have devoted significant resources to establishing a robust R&D department, creating a research organization structure centered around it, and utilizing production facilities as platforms for development. We have constructed an innovative R&D system that harmoniously incorporates fundamental research, process development, engineering development, and product application research. Currently, our R&D laboratories span an area of over 1000m² and are equipped with a diverse range of experimental apparatus. This includes reactors, distillation units, separation equipment, drying equipment, and a comprehensive array of analytical instruments such as gas chromatographs (Agilent 8890, Shimadzu GC-2030), liquid chromatographs, ICP spectrometers (Thermo Fisher), infrared spectrometers, colorimeters, moisture analyzers, and advanced Coulometric Karl Fischer titrators, all of which allow us to perform various operations such as product synthesis, high or low-temperature material separation, and product purification. Moreover, the company also plans to establish a pilot-scale base as an extension of our experimental research and an exploration of technological industrialization. We consistently prioritize technological innovation in our R&D efforts, and provide unrestricted support and funding to drive forward innovative research and development work.

        The company focuses on green, low-carbon, environmental, energy-saving, and health-related aspects, striving to address technical challenges and update processes in the existing business industry chain. By doing so, we aim to improve product quality, reduce production costs, and enhance the company's profitability and competitive edge. In the future, we will primarily rely on our core innovative team for research and development, supplemented by collaborations with research institutions closely aligned with our business, and an integrated system of academia, industry, and research, engaging in research and development activities that emphasize the expansion and differentiation of our current industry chain. While continuing to strengthen new technology and product development in our core areas, we will also conduct proactive research and building up technological reserves in more visionary fields. This will provide the technical basis for our future project investment decisions. The way we actively monitor products or industries that have the potential to significantly impact our business, closely monitoring their latest progress and analyzing potential opportunities or threats, will enable us to develop tailored strategies supported by our technical expertise to address any challenges that may arise.
        Meanwhile, our company enthusiastically invites talented individuals who are eager to make their mark in the field of lithium-ion new energy to join our team. Together, we endeavor to achieve the perfect alignment of personal and corporate values, working hand in hand to drive towards mutual success.