On March 11, Putailai made an announcement regarding its intention to invest USD 297 million (equivalent to approximately RMB 2.051 billion). This investment will be channeled through its wholly-owned overseas great-granddaughter company, Zichen Malaysia Sdn. Bhd., with the objective of establishing a production project in Malaysia. The project is designed to produce 50,000 tons of lithium-ion battery negative electrode materials annually. This strategic move is aimed at capitalizing on opportunities within the Southeast Asian market, bolstering the company's overseas production capacity and layout, and satisfying the supply chain management and order demands of downstream customers. Although the project is not anticipated to exert a substantial influence on the company's performance in the near term, there are inherent uncertainties and risks. These include obtaining government approvals, navigating market fluctuations, and addressing policy and legal risks during the project's implementation.