Zhi Te New Materials: The thermal insulation and fireproof materials that the company is cooperating with have not yet been mass-produced and have not generated any business income.

Zhitexincai stated on the interactive platform on February 26 that the company's cooperation on thermal insulation and fireproof materials has not yet been put into mass production, and has not generated any revenue. The company has not built any production lines in Hefei, and has not sent samples to CATL for testing. The company's partner is currently proceeding with the patent application process. The strategic cooperation agreement signed with PIVI company in the Philippines is a framework agreement, and the purchasing intention of the partners is mainly focused on the company's existing main business of building materials. Specific procurement agreements, orders, or related written documents signed in the future will prevail. The company has expanded its building-related business in overseas regions such as Saudi Arabia and Malaysia, but has not been involved in the thermal insulation and fireproof materials business.