According to Guocheng Mining's announcement, Guocheng Lithium, a holding subsidiary of the company, plans to sign the “Spodumene - Battery Grade Lithium Carbonate Entrusted Processing Contract” with Tianjin Guocheng, a wholly-owned subsidiary of the controlling shareholder, to process about 48,000 tons of spodumene concentrate, with an estimated total processing fee of 126 million yuan including tax. This transaction constitutes a related transaction. It has been reviewed by the board of directors, does not require submission to a shareholders' meeting, and does not constitute a major asset restructuring. The transaction follows market principles and has no significant impact on the company's business independence, but there is a performance risk.

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