Demi: Changes in market supply and demand structure may create clearer development opportunities for the domestic storage industry chain.

Tiemingli expressed on the interactive platform that as of now, there have been public reports that some original factories have announced price increases. The company continues to monitor industry and policy dynamics. Samsung and SK Hynix have considerable production capacity in China. The expiration of exemptions may lead to production capacity freezes and other impacts. If it is difficult for non-American alternatives to catch up in the short term, the existing production capacity may not be enough for external migration, which may lead to tight supply of memory, providing support for market price trends. Changes in market supply and demand structure may create clearer development opportunities for the domestic storage industry chain, helping to accelerate the process of industry localization and upgrading.