Desay Battery: to invest up to 2.5 billion in expanding consumer battery core business.

Desai Battery Announcement: In order to promote the implementation of the company's strategic planning, improve industrial layout, consolidate market share in consumer business, the company's wholly-owned subsidiary Desai Battery (Huizhou) Co., Ltd. plans to carry out consumer core business, gradually establish a new consumer soft-pack lithium-ion core production line and supporting facilities. After the project reaches production, it will have an annual production capacity of 2 billion consumer soft-pack lithium-ion cores, with an estimated investment of no more than 25 billion yuan. The first phase is expected to be completed by the end of 2027 with an annual production capacity of 60 million consumer soft-pack lithium-ion cores, corresponding to an investment of no more than 10 billion yuan.