On the morning of January 12, 2024, Shenzhen Sinterial Technology Co., Ltd. (hereinafter referred to as "Sinterial") reached a cooperation framework agreement on the Pingyang County Tidal Flat Photovoltaic Project in Wenzhou City with Jiangxi Hydro Power Engineering Bureau Co., Ltd. of China Energy Engineering Group (hereinafter referred to as "Jiangxi Hydro").Sinterial, focusing on technology, specializes in the research, development, production, and application of positive electrode materials for new energy batteries. Through in-depth market research, Sinterial aims to core new materials and new energy, with a primary focus on lightweight power and refined energy storage markets. Sinterial adheres to the combination of industry, academia, and research, deeply cultivating the field of manganese-based battery materials, and leveraging new technologies to promote new developments.Jiangxi Hydro is a member enterprise of China Energy Construction Group Co., Ltd., a Fortune Global 500 company. Its main business covers energy and power, infrastructure, ecological environment, international business, resource development, emerging industries, and investment operation. Jiangxi Hydro holds multiple qualifications, including first-level general contracting for water conservancy and hydropower, electricity, construction, and municipal public works.Based on the principle of complementary advantages and mutual benefit, both parties plan to cooperate on the tidal flat photovoltaic project in Pingyang County, Wenzhou City, Zhejiang Province. The project is expected to have a capacity exceeding 2000MW. This cooperation involves not only photovoltaic power generation but also various modes of cooperation in energy storage, smart charging, and the development of new energy projects. This agreement signifies the strategic cooperation between the two parties in the new energy industry and lays a solid foundation for future business development.