BTR New Material Group has an operational anode material production capacity of 575,000 tons/year. Its Indonesia project with an annual capacity of 80,000 tons of anode material (Phase I) started production in 2024 and is currently ramping up; Phase II is expected to commence production in 2025, bringing Indonesia's total anode material capacity to 160,000 tons/year. Sodium-ion battery capacity is approximately 3,000 tons/year, with both cathode and anode materials receiving customer recognition and achieving bulk shipments. The company is actively advancing construction of overseas bases including Indonesia, choosing Indonesia due to its production factors having minimal differences from domestic ones, and advantages in cost, taxation, raw materials, and transportation. Building overseas factories is key to the globalization strategy, enabling localized supply chains, addressing geopolitical risks, and serving overseas customers. Solid-state batteries represent an important direction for future battery technology, enhancing energy density and safety through electrolyte form innovation, with new application scenarios driving industrialization. Sodium-ion batteries offer advantages in cost, low-temperature performance, and safety, though their cost advantage has diminished due to lithium battery price fluctuations, they still hold application value in specific scenarios. The company is deeply engaged in R&D and industrialization of lithium-ion battery materials with a rich product portfolio covering power batteries, energy storage batteries, and consumer batteries, providing high-performance material solutions to top global battery manufacturers. It holds prominent advantages in lithium-ion battery anode materials, with natural graphite anodes building a complete industrial chain to ensure supply and quality, while artificial graphite anodes achieve cost reduction and efficiency improvement through industrial chain layout and process innovation.