Sunwoda Japan New Energy Co., Ltd. (formerly known as Sunwoda Japan Co., Ltd. which has the Japanese subsidiary of China's Sunwoda Electric Co., Ltd.) has its roots in the latter, a Chinese company based in Shenzhen with over 20 years of experience in the lithium-ion battery industry. Sunwoda Group has six business areas: consumer (3C) batteries, smart devices, automotive batteries and powertrains, energy services, smart manufacturing automation, and testing services. As part of Sunwoda Group's business expansion, Sunwoda Japan will be assigned to the Sunwoda Electric Vehicle Battery Group in 2023 and will start anew as Sunwoda Japan New Energy Co., Ltd. to develop lithium-ion batteries for automotive applications for customers in Japan. We will strive to strengthen our business to meet our customers' needs as a leading company in the field of automotive lithium-ion batteries and related businesses.