BoFei Electric: has not yet established formal business connection with the Yadonggong Power Station project on the lower reaches of the Yarlung Tsangpo River.

An investor asked Buffett Electrical, since the company has already supplied equipment to the Baihetan Hydropower Station, how is the progress at the Yaxia Hydropower Station? The company responded by saying that the insulation products such as water-based semi-inorganic silicon steel paint, mica tapes, expandable cords, and high-strength anti-corona binding tapes developed for the hydroelectric generator sets have been successfully applied in national key projects including the Baihetan Hydropower Station. As for the Yaxia Hydropower Station project, as of the date of this response, we have not yet established formal business connections with the project, and the related technical adaptation and market expansion work are still in the preliminary research stage. The construction period of the Yarlung Zangbo River downstream hydropower station is long, and the technical standards are high, so the company's future level of involvement is uncertain.