Dear all our partners and audiences, good morning! Welcome to today's event, this is this morning's 9:00 A.M., and also for this 9:00 P.M. at the USA. This is about the launching event, and also in about of sodium launching ceremony. This is the host for today. My name is Guoyun, and it is my honor to have this event. We will just have the sodium and for this important, the issue. Sodium-powered future opens the era of mass production today. China and Belgium and CBAK held a grand event on the sodium-ion batteries, announcing that it will take the realizing the mass production and industrializing the largest thin 9-inch called sodium batteries. As an enterprise dedicated to the R&D and the production of it, CBAK has always been the selling the batteries in this industry more than 20 years. CBAK took the lead in this transverse acid in this industry, the industrialization of the iron, and also for this event will be a milestone for us all. This launching ceremony will introduce about our new technologies about this event, and also we will just cooperate with some of our partners about our effort, and we'll share with you about the development of this new energy development. Before this event, let me just introduce the leaders and the guests who present at the meeting today. They are... The Deputy District Mayor of Gaochun, Mr. Hongwei, welcome. The standing members of the Gaochun District and also the committee members of the development zones, Mr. Kongjin, welcome, and also the Dalian Bay Huangtai Economic Development Deputy Director Kong Xiangdong, welcome. President of the Yuliang, the media from Mr. Wang Huanyu, welcome. Professor Yang Huabin, coming from the Nankai University, welcome. Professor Sun Juncai, coming from this Maritime University and the Materials Development Department. General Manager Li Shujun, coming from the HiNa Battery, welcome. Mr. Yuan Wangfa, coming from this Hello Tech, welcome. Mr. Li Yunfei, President of the CBAK, welcome. Mr. Wang Bosheng, General Manager of the CBAK, welcome. Mr. Tian Xiujun, the General Engineer of the CBAK, welcome. Thank you once again for joining us and for attending the press conference, and your presence despite the busy schedule. This press conference will broadcast the live streaming right on the internet. I would like to express my gratitude to the partners in North America and Europe, and for watching the live streaming, as well as those from all over the world, and who care about the development of it, and especially about the CBAK. I'd like to extend my best wishes and the highest respect to all of the parties and the partners. Thank you once again. I'd like to also to take this opportunity to thank you all, and all the best. Before the launching ceremony of this event, I just want to invite our President of the CBAK, Mr. Li Yunfei, to give us a speech. Now, let's welcome Mr. Li Yunfei. Distinguished Deputy Hong, and Director Xiangdong, and the General Manager, and all of the friends coming from the media and the financial sectors, good morning. First of all, thank you once again, and to share your schedule to join us as this cutting-edge, and also about our launching ceremonies in this regard. CBAK Energy is launching cutting-edge sodium-ion battery products. Your coming will given us a lot of momentum. On behalf of the CBAK, I'd like to extend my warm gratitude and welcome to all of the friends coming from afar. Thank you once again. CBAK is established in the year 2001, and we are global leading the enterprises in terms of the lithium batteries production, and the selling, and the marketing in this regard. Since our establishment, the CBAK is following the cutting-edge technology of the global industry, and we hold high of the technological innovation, industry innovation, and product innovation, bearing in mind the principles that technology will change the life. We have improved forward the R&D of this industry, and we have contributed to the green and the low carbon development to the mankind. In recent years, with the global community are embracing about the environmental pollution, the fossil cells has been over burden, the new energy development has gained our great momentum. The Chinese enterprises has been leading this industry. At this defining moment, CBAK, with its vast and excellent technological capacity and innovation capacities, right in the lithium batteries, with the 20 years commitment and responsibility, professional development, we have gained great achievements. We are the first lithium battery enterprises, which has been listed right in Nasdaq. Our products and the services have been highly recognized by this industry. Today, is a moment for our celebration, we will witnessed about the important breakthroughs of CBAK Energy, launching cutting-edge sodium-ion battery products. We have realized about the mass production of the sodium-ion batteries, and we will introduce some of the best quality in the processes, the products, and which conform to the market needs. This is the hard efforts and also the support and from our partners. Today is also the moment for celebration. Our second phase project, and with 1 and a half years construction, and with all of the support coming from the Gaochun District and our phase 2 construction project has been finished. At this defining moment, we sincerely thank you for our management committee and related authorities for your highly and also for your effective and the selfless, the support. With that, then we can just prove it very effectively, we have implemented in this regard, we, our development will contribute more to the government and the society, to all of the peoples coming from the Gaochun District. CBAK is bear in mind the entrepreneurship with the honesty, innovation, and winning cooperation, we will hold high the great banner of our winning cooperation with our technological progress, we will just focus on this competitiveness of this product pioneer with this global market, we're continuously make innovation, also to provide and catering for the global customers with the best products and the services in the future. We're committed to this new energies of the environmental-friendly products, and promote the low carbon economy, create the great future, and also to contribute to the global community with a shared future for mankind. Finally, I want to thank you, all of the leaders and also the friends coming from the financial industries and also the business partners and the friends from the media, and we're looking forward to this mass production and utilization of this sodium-ion battery, and to embrace about the bright future of it. Thank you all. Thank you, President Li Yunfei. Thank you once again for your wonderful remarks, and we have sensed about the CBAK's future commitment. The chairman's in-depth exposition given us a deep understanding of this determination of the CBAK continuing serving the world's new energy environmental protection technologies, and we will serving the technology change life. As in the process, we've been firmly committed to the research and R&D production of these batteries. The CBAK will carry out with the technological innovation and constant open up to the new fields and promote the transformation, upgrading the new energy industry to meet the market's demand. The CBAK based on the China will firing into the world. CBAK, the sodium-ion battery as these new materials and the development and we are getting a strong support coming from the Gaochun District government, and we have been listed as the high-tech industries running this Nanjing. This is important to the flag for Nanjing to move forward the new energy development. Today, it is a great honor to invite the Deputy District Mayor Hong Wei of the Gaochun District, and to at the launching ceremony to give us a speech. Now, let's welcome. President Li, dear leaders and guests, good morning. The join of the warm season with offering us with this building. We're gathering here and to celebrate about this launching ceremony of the CBAK Energy's launching ceremony of the cutting-edge sodium-ion battery products and the phase two project. Welcome the strangers, also to appointed by the general the secretary, the party secretary in the lane, I'd like to welcome all of our guests. CBAK Energy is a world-leading in the process in terms of R&D of the lithium battery, also for this new energy in the process, this is important, the leading in the process, which appointed and introduced by the Wu District, Gaochun District. Since the year 2001, this has contributed to the development of this Gaochun District. From the 2 gigawatts and for the Phase 1 mass production to the 2023, the 6 gigawatts, and with the sodium-ion battery products and also the Phase 2 project, CBAK has contributed to the Gaochun District for the new energy development in this regard. In today's launching ceremony, CBAK Energy will introduce about the sodium-ion batteries, and this is the first enterprise which has been realized mass production of the sodium-ion battery products. We know that CBAK has a strong basis right for this, the sodium-ion. Later on, we'll witness about the cooperation between CBAK and the downstream cooperation, and I wish all of our partners will give the full play and realize the commercialization of the sodium-ion battery. Dear guests, friends, the new energy batteries are important, the emerging industries, which are provided by this industry. This is what confirm to our dual carbon strategy. With the development of it, we need to have more cooperation and also to have the strong support and the efforts from each other. We'll bear in mind with winning cooperation, with our best honesty and sincerity. We will just have the strongest support then from the CBAK and for all of our developments in the way that we're creating an enabling environment for our business entrepreneurships. We hope that for the sodium battery products releasing and also for our phase two projects, we'll just innovate ourself and also benchmark for the great development. Meanwhile, we sincerely hope that for all of our experts and also for the elites and for our friends coming from abroad, will promote with the Gaochun District and for more CBAK, like enterprises and investment right in this Gaochun District. With that, we can just have a bright future of this new energy development. Finally, this launching ceremony will become a success. Thank you so much. Thank you. Many thanks go to Director Hong for excellent address, and welcome, and I do welcome all of our guests for your investment and visiting. The all advice and support by the government to the CBAK will further fuel up the development of the CBAK, and also both parties will reach new collaborations in new sectors, and also fuel up with contributions to the green development across the globe. The sodium battery is also a new technology, and this is also pioneering technology from the source of material. Compared with the traditional material, it has many advantages in terms of the environment, usability, safety, and also with high cost effectiveness. What are the benefits and the technical advantage of this sodium battery? Let's go forward to Tian Xiujun, the Technical Director with CBAK, to elaborate more on the technical aspect of the sodium battery. Welcome. Highly esteemed guests, leaders, friends, ladies and gentlemen, good morning, everyone. I'm very glad that we could gather here in this new product launch event of CBAK. I am Mr. Tian, the Technical Director with the CBAK. I will help you to understand more about the sodium battery. First, let's have a retrospective outlook about the battery storage released by the Ministry of Science and Technology. In the future decades, the energy storage battery will be improved from the MWh to GWh. However, in all the batteries, the L i-ion batteries are still playing a predominant role. From this chart, you will see the lithium resources are distributed as follows, especially in such three countries, in the South American countries. The content has reached up to 70%, China only accounted for 7%, and the production of the lithium ion batteries are still in China. We have employed 70% of the lithium; however, we have accounted only for 7% by ourself. There is still a big gap in this respect. We have get rid of the dependency on the fossil fuel with the replacement of following the trap of the lithium. Also, the price of the lithium has hiked from RMB 600,000. It has been increased by more than 20 times. However, at the beginning of this year, the price of lithium has dropped to RMB 150,000, and then bounced back to RMB 350,000. Now it's standing at RMB 300,000-RMB 350,000. Such fluctuations in the lithium has led to also some shocks in this respect, and the lithium resources will also be challenged, and also a timely bump in this respect. Therefore, we have pay more attention to another element, the sodium, because we are clear that the sodium content is 1,000 times than that of the lithium, and also it's widely distributed across the globe with easy access. As a bulk commodity, the pricing is standing at RMB 3,000, the pricing of lithium compared with the sodium, that is, one in 100 percentage, no country or no team in the world could master sodium. Therefore, sodium will become a new necessary supplementary benefit for the new energy. Also, in the elements, in the chemical elements, sodium and lithium are of the same family, they have the same properties. In the initial period of sodium, it started from the 1970s, it is the same product compared with the lithium resources. However, after the initiation of such resources, due to the high density of lithium and in response to the demands of the people, we have paid more attention to sodium and overlooked the properties of sodium. With the discovery of sodium and its application in battery, we have kept our R&D of the sodium. Many institutions and universities have also been dedicated to the technology revolutions in sodium. The industrialization based on the sodium may also taught us a lot about the industrialization and application of the sodium. As a result, the sodium application have witnessed its initial year, and the easy access to such oxide and sodium have also witnessed the evolution over hundreds of years. Due to the high density of the lithium battery, it's also favored by the dynamic batteries. For the sodium batteries, the performance is lying between the lithium and the exit and lead. From the chart, the life cycle of the sodium is three times of the lead-acid batteries, Also, the density is three times of the lead-acid. The lead will harm people's health. Even very few use of the lead may intoxicate our people's health and even endanger your life. That is why a decade ago, we were trying to use the lithium and the sodium to replace the lead. However, due to the pricing and the challenges, that hasn't been commercialized on a larger scale. Also, the pricing of the sodium will also be going higher and higher. However, it will replace the lead. Also, such replacement is just on the horizon. Also, the higher rate and the charging and discharging rate of the sodium will also bring many benefits. The high rate properties, especially in the cold weather and the cold environment, may endure it with more uniqueness, especially in those aspects, in terms of the use with the sodium. Let's get some different understanding about the sodium. This first generation of the sodium battery, using with the steel shell, we are using the most fully-fledged oxidized system, and the density of the battery is around 140 kWh, and this is the battery with the highest density, and the life cycle is also at 3,000. At the minus 20 degrees, it will maintain at the capacity up to 90%. It has the faster rate for both charging and discharging. The cylindrical is the best solution because in the sodium battery, in the first charging, it will form some membrane. However, the SEI decomposed, in the three systems, in such a cylindrical and a square, the soft package batteries, they have the lowest density. It will go puff and expanded, and fail forward. The square, the asymmetrical forms may also lead to some failure, the puffing will lead to the cyclical drop of water. The cylindrical batteries, it has a stable performance with a high density that will inhibit the generation of gas in this respect. That is why all the sodium batteries are in the form of the cylindrical form. The sodium batteries, they have low density. Based on this shortage, the small cylindrical will further extend or magnify the shortage. That is why we have developed the big cylindrical forms with a high rate and also output. Therefore, with CBAK also, we have used the steel shell for the big cylindrical forms, and also it will have the 140 kWh kilograms, and also using the low temperature, ultra-low temperature, with the faster charging performance. This is also due to the all-tab series technologies and also the fully-fledged technology of the big cylindrical forms. Such technologies have been put for massive production. Thanks to the ultra-low temperature, at the minus 40 degrees, it may work with the 85% of the charging rate. Also in the northern part, at cold temperature, it will have a better performance for the sodium batteries. The faster charging and the discharging performance, especially for the NEV, we have such a claim that when the charging rate could be closer to the speed of fueling, and the sodium batteries will help to fulfill our objective in this respect. Also for the faster charging, especially in UPS and with the use of some EV tours and also the batteries. Our battery, the sodium battery, will have better performance. Based on our technologies, we could enable and realize the reduction in the cost of a sodium battery compared with the lithium battery by 24%, and also we will further improve the energy density. The next generation of the product, the cost of the sodium battery will have another 30% of the advantage compared with the lithium battery and also compared with other competitors. In the current stage, all the sodium batteries underway with the CBAK have the best performance. However, we haven't searched out any commercialized product about the sodium batteries with the big cylindrical forms. That is why we have applied our products in the small cylindrical products. Also, we have tested the electrical chemical performance and the properties. From this chart, the battery energy densities and also the resistance, the internal resistance, they have better performance. Thanks to the big cylindrical development, especially for the multi-surface welding and also optimization of the injected liquid. Such optimization in those technologies, they have enabled the better performance with 99% of the achievements across all these factors, across all the spectrums in each sector. Also, we have got to know that our batteries in the uniformity and the stability and the performance of our products, we have better achievement and the performance. Also, a good product is inseparable from the smooth upstream and downstream suppliers. Also, we have signed our cooperative agreements with the HiNa Battery. The HiNa Battery, thanks to the CBAK sodium batteries commercialization and the industrialization, it will also have better performance. CBAK will benefit from the stable supply of the raw material from HiNa Battery, and also together with the top enterprise, the Huabao New Energy. This is something we have introduced about our next generation products. We have focused on this prototype of this product, and for testing the data as sent to Huabao New Energy, which has been highly praised by our customer. Due to our cooperation partnership, and we are committing that for our products will be provided to Huabao New Energy directly. We know that we still need more and more technological innovation and the basis, and for the CBAK, in terms of the sodium-ion battery, and we have a lot of the support and the technological progress. Currently, there are 23 phases which has been put forward, also, we have gained for our authorization of our 2 patents, and with the 2 innovative patents, 1 out of them has been authorized. Our patents has been introduced more and more to this market. This is something which has been summarized by the sodium-ion battery and about our capacity, and according to our current issues, and we believe that right in 2022, and for this sodium, and it's around 2 gigawatts, but up until now, for this CBAK, and we have this 0.5 gigawatts, the capacity. Our capacity will be fastly replicated, and in the next phases, we will just released about 10 gigawatts and about our capacity of it. Let's just summarize of it. For CBAK, in the past 20 years, we have sold the lithium battery to over half of this globe, stepping forward. We just want to regard the sodium as one of the new momentum, and when there's a super temperature, and also for this endurance and the competitiveness of it, of the price, and we believe that for our sodium-ion battery will be sold to the every corner of this globe. This is something about this sodium-ion battery. Thank you once again. Hopefully, with our products, and we're driven by the sodium-ion, we'll get started about this sodium and also to have a bright future. Thank you. Thank you, Mr. Tian. Once again, thank you so much. We have known that for the sodium and about this future, 24%-30% compared with the lithium battery, for our cost of it, we have the huge, the competitiveness in terms of the safety and also for all of the support and for the sodium, we will have introduced about this more and more surprises in the CBAK. For our projects, we will have this safe competitiveness, we will just have a strong support of it. Congratulations once again, CBAK. Thank you. Thank you so much. For the CBAK, for our sodium-ion batteries, we were created about this new momentum and the new eras, for our different- sovereignty and for it, and we're gonna have a starting point, and this is a strong movement of this industry. Ladies and gentlemen, we're gonna have the launch ceremony of this product. I'm going to invite our guests, and they are the General Manager, Tian Xiujun of the CBAK. Please step on to the stage, and also for the Zhongke Haina, President Li Shujun, and Dr. Mao Huanyu of the MSL Cell, and the President Li Yunfei of the CBAK, and also Mr. Kong Yuntin, Deputy Director of this Economic Development Committee, and Professor Yang Huabin from Nankai University, and Mr. Yuanbang Hua, coming from Huabao New Energy, and Mr. Wang Guosheng of this CBAK General Manager. Please step on to the stage, and we will just have the launching ceremony of it. Thank you so much. Thank you. Please step on to the stage. We will invite all of our guests and to witness about it. Thank you so much. Please put your right hand right on the cylinder. Thank you so much. We will join in once again. We'll have the countdown. 5, 4, 3, 2, 1. Congratulations. Congratulations, once again. Please take a picture. Let's just have a group picture together. I warmly ask our leaders to be seated. Dear audiences, from this global live streaming for watching us by video link, thank you once again. For our mass production, with the sodium-ion battery, and rather this new energies, we'll just announce for the great intro of it. For a lot of the people will just concern that, what about the strong competitiveness of it? What about the development of it? Well, actually, we just want to give the floor to the investment and also for the CFO and Mr. Jiewei Li, to introduce about our product. Distinguished leaders, guests, ladies and gentlemen, friends from the media, good morning. I'm the head of the investment at the CBAK. Thank you once again for sharing your schedule, coming to the Gaochun, and to join us at the lithium battery, the board, and the sodium ion, and to witness the about of first, the launch ceremony of it. Today, I'm going to share with you about the development phases of it, and right in that, and what is going to be the development of it, and for example, like our environmental protection, et cetera. Well, we have established right in this 2001, since our establishment, we're focused on this R&D and the marketing of it, and the selling of it, we have over 20 years development. Well, actually, thank you for all our partners once again, we have becoming the leader of it. In the year 2006, we have finished about our listed company event, we are the first, of our clean energy and also lithium battery event. This does not mean that for internationalization of it, also for our company's development, we have a very strong basis. We just introduced right in this listed company, right in America. Well, actually, we have been listed about this RFC, right, for in this regard, and we have been the pioneer of it, and this is very important. We are very lucky to announce that we have introduced and replicated about our 20 years development, and right in this industry, and we have realized about the mass production of it. Well, actually, we have the 2 production bases right in this, Dalian and Nanjing, et cetera. Currently, we have been gained a lot of the support from it, therefore, and we have the 26 gigawatts for our planning. Meanwhile, we have just introduced about this large spaces for rent, today, we have introduced about the sodium. Well, as for our industries, a lot of the people believe that for the sodium and for its endurance and for everyone of it, and it will be quite good. CBAK. As the very good, the solutions of it, for this is 32140, for our lithium battery and the sodium-ion battery, we just entered into this market, with the fast development, we were highly recognized by this market. At the end of 2022, we have this 2 GWh, this sodium of it, currently, we have the 0.5, for this mass production of it. Also, we have just introduced about this 10 GWh of it, just like Mr. Tian's introduction. We have done that for our different products, for example, like our low temperature and also the fast charging and also endurance of it. Well, actually, for the 200,000 gigawatts, for this 4% and also for the 3% in this regard. We believe that for this kind of the issues, this will gain us a lot of this support of it. Our product is about the different parts, we have a lot of the communications of it, which refer to the extraordinary, et cetera. We sincerely hope that for our different parts, with the best of it, we will have a lot of the communications, et cetera, with the best solutions, this will given us a lot of the support of it. If we have been permitted by us all, and we sincerely welcome all of our people, and maybe we can just pay a visit to our phase 2, and also for our phase 1, the production business, and also to watching about production lines and with our current issues, and also for our different parts. For our further development of this industry and for our company, we sincerely hope that there are more and more people, old and new, investment, and the friends from the media, and also to know about the background of this CBAK. In the past two years, and from the CBAK for our battery cells has gained the fast development, and from the 2021 into the 2022, our selling has gained the five times the increase in from our first quarter's increase, and we have reached a record high. With this 100%, the selling in this regard, and for our several report, and we have a lot of this support, and we have many supporter from your side. I'd like to thank you once again on behalf of the CBAK. Meanwhile, the fast development in the world given us about our expectations about the future this year, especially about the battery and for our sodium, and we hope that based on the lithium batteries and for our sodium-ion battery, and we will just realized about this super and high development. In terms of our development of it, and for our sodium-ion of it, and we believe that this is going to be the direct momentum of it. With that, we believe that for our further development of it, to become this first among production of, and this sodium, we have just thinking the lead of it, we just want to thank you, the Zhongke Hainan. As one of this lithium and unicorn, we have this strategic cooperation in terms of these materials, they've given us a strong support. We believe that we just want to thank you, the Huabao Xinneng. Currently, we have a strategic cooperation for the Huabao Energy. They just given us a lot of financial support for our R&D of the sodium, the battery. In the next phases, we just reached for about this CNY 100 of millions of our production business. Finally, I want to thank you all of our leaders and guests and partners once again. With that, from our sodium-ion, we just have a lot of these orders in this regard. Thank you once again. We're super excited about it, in the future, with our capacity of it, we will have a lot of these new IPO. We sincerely hope that for all of these people, also for our financial support of it, we will have more and more communications. Finally, I wanna say that for a development of it, as one of these American-listed company, we believe that for the lithium, this is a very good one of it, we hope that this will just replace us with this some other different parts, especially for this sodium. This will conform to the different parts of it, especially about our environmental protection of it. Currently, there are more and more the domestic and also for the future development. They have been just focused on this treatment of the environmental protection, ESG, as an important technology of it, and also for our different parts and for the ESG. This is some of our support of it. We sincerely believe that for our sustainable development as our core concept. In the future, we will just merge it into our strategic planning of it in the future. For this China, the CBAK. We just focus on the different parts and push forward of it. We believe that we will just have more and more communications of it. We just focus on the different parts of it. Finally, on behalf of the CBAK, I want to thank you once again for all of our parts and also for a lot of the people. Thank you so much. As a sustainable development, we just bear in mind with this innovation and for all of this part, will contribute to our development. Thank you once again. Thank you. Thank you so much. Thank you. Thank you. We believe that with the strong support of it, we just want to have a better development from this industry, et cetera. Actually, this is very important. As the first thing about this Nasdaq and the listed companies, we have mass production of it, we have gained a strong support from all of our peoples. Well, actually, in order for our distinguished guests, and we have a lot of different investors and also securities and analysis, and we hope that after President Li, and we will just want to know more about the development of it, and also for the ESG. Well, in the future, and with us, and we can just have more and more communication. Well, as for this CBAK, we sincerely welcome all of the support, and we'll just have developing cooperation. Ladies and gentlemen, as the global development and for this vertical development, Huabao New Energy, with the many years development, they have been just concerned about the development of it. Well, actually, today, we have invited a witness representing the Mystic One. Actually, we're just inviting for our Mystic One, to witness about this signing ceremony between the CBAK and also for the Huabao New Energy. Now, let's welcome and with this Hua bao, and Mr. Yuan Wang Hua, and also for Yunfei Li, and please step onto the stage, and with us for support and to witness about this fantastic moment event. Thank you. Thank you so much. Thank you. Thank you. Thank you. For our people, please sign in your name right for our different parts, and this will represent for our development of it. Thank you so much, and I want to change about our corporation. Well, actually, for the CBAK, for the Huabao New Energy, we just get started about in that corporation. We hope that this is winning corporation, and also for our government's strategy, and to accelerating about the transformation of our energy industries. Let's welcome for our political sides, and we'll take 1 more pictures. Thank you so much. Thank you. Thank you. Distinguished leaders, guests, and President Yunfei. I'm coming from Huabao Energy, and my name is Yuan Wang Hua. It is my great honor to, on behalf of, the Huabao Energy, to join you at our strategic partners, and for the CBAK, and for our sodium-ion battery press conference. It is a great pleasure to reach our strategic and comprehensive strategic cooperation. CBAK, as one of the company with a strong business, since establishment, they have 20 years development history, and also the leading the prices in terms of this cylindrical battery. Since the year 2006, CBAK just establishing the first production lines right in China, where there's a mass production of the cylindrical battery. They have just realized that this our applications and for industrialization of it. They are the earliest in the process and about this new energy development of it. In the year 2002, for the CBAK has reached agreement and with this Huabao New Energy, et cetera. This is very important. With our development, this is very good in this regard. We have highly recognized about the CBAK, and we have mentioned that for the CBAK and for this strong technological bases, and right on here, and they have a lot of the development of it. Therefore, and we just want to give them more and more support of it. Well, actually, in terms of this, in the sodium-ion battery, and we just want to have a lot of the development, and we know that with the lower bases and also this low temperature, fast charging, and with the strong bases right in this new energy, and for the battery of it, and we just want to have a strong bases of it. With that, and we just want to help with this, the capable and also the penetration of it. With the best qualities, and we just provide with the solutions for this market and the future. For our different parts, and we have a strong bases and a strong potentials in this regard. According to our Chinese Association for those petrochemicals and also for these batteries, and for the global market, right in the year 2026, we'll reach a record high, which will be $88 billion. The annual compound increase rate will be 51%. Based on our industry chain, and based on the strong support of this CBAK's new energies and the strong support, Huabao New Energy also bringing to the global users the four scenarios and the green solutions of it. We highly focus on this R&D and innovation of it, and we have get scanned a lot of these development patterns, and we has become one of the initiators with this industrial standards. Meanwhile, Huabao New Energy has realized that right in this market and with the 30 countries and the regions has been sold, and we have 6,000, the offline selling points. The accumulated the selling are over $3 million. We have just introduced that with over 200 mainstream, the medias, the concerns, and we're constructed about this double first right in this battery and also the market share. We are gradually, and with the leading this industry, and just implementing with this Huabao New Energy, with the green energy are everywhere. We often said that just another direction will be better than our commitment and hard efforts. Looking back, we just focus on the new energy, and also the portable, the energy storage industry. This is something benchmark with this market and with the strategic vision in the recent years. The CBAK has a strong momentum in the distributed, the energy, and also for the portable energy storage, and they have strong support, according to our knowledge. In the future, they will just introduce about this 46, and about this huge, the cylinder battery. With those 26 and also 36 products, they're very stable, the products, and this will have a lot of the communications, et cetera. Actually, for our further development, we are looking forward into the development. Actually, we have selected about the different parts, and we have a strong confidence for our further cooperation. We just want to deep our cooperation, and right in this strategic cooperation, and we have a lot of the communications. Right here, we have a lot of the winning cooperation, fundamental. I congratulate that for the CBAK to realize the mass production of this huge, the development, and we just want to express our sincere wishes for it. Congratulations. We hope that you will just create a new record high and also have a better development. Thank you. Thank you so much. Thank you for Huabao New Energy and for your belief and also your support. We have a signing about the agreement and the cooperation ceremonies. We'll have more and more cooperation in terms of the technological support. For this Huabao New Energy, and we have a lot of the production devices and the high-quality services. Our two companies, and we'll have kind of more exchanges and cooperation in terms of the technology and also the finances, and we put forward the R&D of it. Well, actually, for our cooperation, we will just have a strong and close relationship of each other, which has told us that for this Chinese new energies, we'll have a moving cooperation, and we're just focused on this grand era, and we are quite confident of it. We hope that for our bilateral sides, we will make joint efforts, also to focus on this market, and also to create about new values. With that, we can just contribute to it. Meanwhile, for all of the people who's been focused on the sodium ions, we have the unicorns from the sodium ion batteries and about this Zhongke Haina, et cetera. Ladies and gentlemen, I'm going to invite our people also to witness about strategic signing ceremony between the CBAK and the Zhongke Haina. Next, I'd like to giving the floor to the President Li Yunfei, and also for our General Manager from this Zhongke Haina, Mr. Li Shujun. Please step onto the stage, we will signing the cooperation ceremony. We believe that this is the best moment and for our development. We all know that for the Zhongke Haina, and the right for all of this part, and right in this sodium ions, we have been one of the world leaders in terms of this industry. Thank you. Thank you so much. Let's exchange our agreement. Thank you so much. Please, let's just take a picture of it, and with this best moment. Thank you. Thank you once again. Thank you. We will invite the General Manager Li Shujun, and please giving us opening remarks of it. Distinguished Deputy Secretary Hong and President Yunfei, distinguished leaders, guests, good morning. I'm Li Shujun, coming from Zhongke Haina, the General Manager of it. As a strong partner of CBAK, will witness the mass production and the assembly line of the sodium-ion battery of CBAK. It gives me great pleasure. We think that we have the joint efforts in the past one year for Zhongke Haina also for CBAK. We just get started right in this January. We have a lot in the cooperation. This is a hard journey. Well, actually, we do not know the clear direction of it. Due to that time, the sodium-ion battery, we do not know about this clear technological direction of it. We'll get started right in this Dalian. We just moved to the Nanjing. From this 26700. From this 32. Also for our production and for a mass production. We know that this is not so easy. We have gained a strong support of it. For this CBAK, as an industry leaders, right, in this cylindrical battery. In the year 2006, when I just joined this industry, when I was engaged into... This part. For this, they have just listed right in this Nasdaq. For this LFS. We have a strong reputation from this China's market into the international company. Zhongke Haina is one of the pioneer in terms of this sodium-ion. We have large technological support. We'll summarize. We know that right in this, our cylinders, we just give the fourth floor to it. We know that from our low temperature, also for the fast development, this will conform to it, we do not know that this is the best of it. Well, actually, we know that we have a very good development. Therefore, last year, when we have our cooperation, we just cooperate to a large. We have a larger cooperation of it, therefore, that's why we just have a very smooth transition of it. We just want to thank you, President Yunfei, once again. We just have this kind of development, we just push forward on it. Well, actually, we have a lot in this investment more of it. Well, actually, we have a lot in this wishes of it, and we, without the strategic visions, and we cannot have a very good development. Therefore, a lot of the people are doing about the lithium, well, actually, sometimes, and they will have different parts, and they will have a lot of fluctuation, therefore. We have a very smooth transition and the cooperation of it, and I want to thank you, General Manager Guoshun, once again, we have a very good cooperation. Well, actually, without it, we cannot have today's the launch ceremony. Well, actually, for the 32140, and for our strategic cooperation and for our different parts, which has been surpassed about our expectations of it, and for all of the support, and we think that sometimes, and we have a lot of the communications of it. Well, we believe that we'll have a lot of the communications. Well, for this low temperature and also for this fast development, and we know that not long ago, we're still struggling with it. For this 3C, and we know that this is pretty simple. Well, actually, and we have for the different parts and for a lot of the people, and we believe that. Currently, this is not realistic. Actually, for the sodium-ion battery, we have been focused for over one year's efforts, but we believe that we have a lot of the achievements of it. We believe that for right and for this kind of this battery, just like the RFPs from the CBAK, which will be highly recognized by our industry. This industry has gained a lot of the development, and we have a lot in the cooperation. In the past one years, we have focused on the further development, and we have in-depth strategic cooperation. In terms of this mass production of these cells and for our different parts, and we have a lot of the basis of it, and we'll just have in-depth cooperation. Also for Zhongke Haina, we're just getting the full play of our materials and for these industries, we believe that we'll just support about this new energy of it. With the strong support, we will just push forward about each other. With that, we can just push forward about our competitiveness. I believe that maybe next year, maybe we can just have a strong support of it. Well, we know that this is not a very simple, the development phases of it. We have a lot of the implementation of it. We're gathering a lot, for the sodium of it. We just have a strong support. To some extent, we believe that this will just highly surpass the value. Well, actually, this is around this 50% in currently, and we're gonna have a lot in the communications. With that, and we believe that we have a lot in this performance and also for the competitiveness of it. Therefore, we finally hope that for our cooperation, we'll have a better development, and we hope that for this CBAK, and we'll have a bright future. Thank you all. Many thanks go to HiNa Battery for their support to CBAK. We could see that when you are so brilliant, many more partners will also go towards the brilliant star. In the sodium batteries, the advantage together with the advantage and the benefits and experience with the HiNa Battery in their sodium batteries, each have complemented each other in terms of the R&D, and also have contributed to the further development in the new energy enhancement in China. We believe that thanks to the efforts by both parties, CBAK, together with HiNa Battery, we always this further cooperation and the strategic initiative in the sodium battery. In the future, both parties will join hands together, and also recognized by the market to foster the new energy products with better quality, and also to promote the high-quality energy development in China. The brilliant future between CBAK and HiNa Battery completely completed the signature events. Our partners across the globe, and also our audience who are watching the live streaming. Today, we are gathering here to witness and celebrate another great news with the CBAK. Thank you for the great and the grand completion of the second phase project with CBAK. The completion ceremony is also top of the year in 19 in Gaochun, and also the completion of the second phase is also of great significance. We will go forward to Mr. Guo Huacheng, the GM with CBAK, to present about the second phase of the project. Welcome. Highly esteemed leaders, investors, suppliers, friends, dear guests, and clients, good morning, everyone. The accumulation based on our solid foundation will enable us to go further and go longer. Welcome to Gaochun, with the great mountains and the rivers, and witness together with CBAK about the completion ceremony of the second phase of production base with CBAK, and also to participate into this important moment of CBAK. Hereby, on behalf of CBAK, I'd like to extend our thanks to all of our clients, media friends, suppliers, investors, and leaders, with great support, and welcome for being with us at this important moment. Currently, CBAK boasts two production bases, respectively, in Dalian and Nanjing. In 2013, Dalian CBAK was established for the production of the 26650 and the 26700 type of the LFP batteries. After years of accumulation and further development, Dalian has also witnessed a hike in their orders, and they have been overburdened with the demand. In the future, we will further extend the productivity. Meanwhile, the productivity cannot meet our demands. That is why we have signed the investment agreement with the Gaochun government in 2020, and decided to invest projects with the 20 GWh capacity. In the first phase, the productivity is up to 2 GWh, and for the second phase, it's planning to reach 18 GWh by 2021. June, the first phase of project with Nanjing CBAK has already been put into operation, and it's equipped with the assembly lines of the cell and the pack. Also, the second phase of project has been started in September 2022, and the first stage has been completed today. In the product planning, CBAK has developed the 26 and 32 series of the cylindrical batteries. Also, we have realized diversifying the metrics of different products. Also, in terms of the technology, storage, and breakthroughs made in innovation, we are continuing with the R&D of the 46 series of the big cylindrical or ten batteries. We are adhering to develop the vehicle-scale, big-capacity cylindrical battery products. We have finished the design of such Series 46 of the cylindrical batteries and samples design, and we are continuing with its performance testing and also the product's completion. We have disclosed in the board of listed companies that by April 30th this year, the on-hand, undelivered order with the CBAK has already reached $187 million, equivalent to RMB 1.3 billion. Of course, this is inseparable from your utmost support, and this figure will go higher and higher in the future. With the advice and the collaboration of our municipal and district governments, pulling efforts to further advance the construction of the second phase of production base, our higher productivity will respond to the increasingly higher on-hand orders. In the productivity planning, the two phases of projects in Nanjing, for the first phase, the productivity is 2 GWh and 18 GWh for the second phase of projects. The such two phases of projects will be completed in 3 stages, and in each stage, the planned annual productivity is 6 GWh. After completion, the full capacity will be up to 18 GWh. It will help us to realize our productivity objectives. In the product layout, we will stabilize the production of the 26 and Series 32 products to meet the demands of our clients, and also to go towards the realization of our annual productivity of the 10 GWh. We will continue with the advancement in the Series 46 batteries, also further extend our market. In June 2023, the second phase, the first stage in Nanjing has already been smoothly finished and completed. According to our estimation, the annual output will reach 5.5 billion Wh. After the putting into operation of the second phase, it will reach in total 18 GWh, and the annual output is up to 15 billion Wh. This is a signal of a new landmark and a new chapter with CBAK. We will pour all of our efforts for the green era. Thank you. To put our efforts in full stream, is also a demonstration of our attitude. With such a strong objective and a goal, and the attitude, and the utmost efforts, we believe that we will realize every objective with ourselves. The completion of the second phase of project means a milestone achieved with CBAK. This is a testament to our market and competitiveness, and also the technical milestones in this sector. This will further contribute to the local economic development, and our thanks go to all of our peers, colleagues, and leaders for their utmost efforts and dedication to this project. Hereby, I'd like to applause, suggest to applause to our engineers who are engaged for this project. Thank you for your hard work and the great contributions. Then, we will witness another important moment of the CBAK, for which we will witness together. That is the spotlight of the completion ceremony of the CBAK phase two plant. Let's give applause to the leader in Southern District, Mr. Tong Lingjie, the CPA, Secretary, Deputy Secretary with the Gaochun Economic and Technological Development, and also Dr. Ma Huayu, with Tsinghua University, and also Professor and the head of Tsinghua, with Dalian Maritime University, and Mr. Li Fujin, the GM with CBAK, and Mr. Yuan Meng Hua with Color Technology, and the GM, Mr. Wang Fuchen with CBAK, and the Chief Engineer, Mr. Tian Xiujun with CBAK. Let's give applause to all of our aforementioned leaders to witness this spotlight moment of the completion ceremony of Nanjing CBAK phase 2 plant. We have presented to our leaders this yellow flowing sand, and such sand is also a symbol of the grand harvest. Let's hold the golden yellow sand to witness this important moment, and also to record this completion ceremony. Let's count down, 5, 4, 3, 2, 1. Please spray the golden sand to witness the highlight moment with the spotlight, and witness the successful launch of the Nanjing CBAK phase 2 plant. Let's have our leaders to return this golden sand to our employees, also let's thank them for the completion ceremony of this phase 2 plant. Let's thank them and applaud together. Many thanks go to all of our leaders for the engagement and participation. Also, our thanks go to all of our guests here for being with us and witnessing together for this important moment. Also, many thanks go to all of our distinguished guests to witness this important moment in the completion ceremony. Our gratitude go to all of our peers, engineers, staff, partners, participants, and contributors who have made great contributions to the completion of the CBAK phase 2 plant in 19 Gucheng. This is inseparable from the support and advice from our Gucheng district leaders. In the future, CBAK will further enhance our assembly lines in line with the marketing tendencies, improve the quality, promote the sodium battery, the lithium batteries, and the R&D of the new energy technologies, advance the progress in new energy technology, and make constant contributions with unremitting efforts for the low carbon business and the grand cause in the world. We will have our voice and whole heart in this stage, that we hope that we could leave the time for your witness to this CBAK. Let's gather together at the lobby. Our bus will start at 2:00 P.M. this afternoon. Let's gather together at this lobby and take the bus together to have a on-site visit. Finally, our thanks go to all of our guests and friends for being with us in this morning for the completion ceremony, and the brilliant, very brilliant tomorrow is highly anticipated with your support and advice. We have prepared the grand banquet for all of us, and the banquet will start at 2:00. You are welcome to visit all of the new products at the exhibition hall. I witness that your favorite will also be a representation of our new technology, and also you will have a sense of the accomplishments of CBAK across the globe. Also let's applause for CBAK for their contribution in the new technology, and I believe that the next glorious moment with CBAK will be taking place very soon, together with your witness. Let's welcome all of our leaders to the stage to witness this important moment. Let's have our group photo together with our CBAK and other leaders. Please go to the stage to have a group photo to record this important moment in Nanjing of China on June 28, 2023. Let's take a group photo together.