Five years of striving forward, gratitude for joint construction toward the future. At 10:00 AM local time on November 17th, the Huayou Indonesia Weda Bay Lithium Battery Material Industry Integration Green Manufacturing Base Fifth Anniversary and Ternary Precursor Product Launch Ceremony were grandly held in the Weda Bay Industrial Park, Indonesia. More than 30 companies and over a hundred guests from upstream and downstream industries, the IWIP park, construction units, and friendly sister enterprises crossed the seas to gather together to celebrate this landmark achievement.

Chen Xuehua, Chairman of Huayou Holding Group; Bai Houshan, Chairman of Ningbo Rongbai New Energy Technology Co., Ltd.; Xiang Binghe, Chairman of Yongqing Group Co., Ltd.; I Dewa Wirantaya, Director of Business Development at ANTAM; Guan Zhibo, General Manager of Beijing Easpring Material Technology Co., Ltd.; Chen Zhuoying, Vice President of Hui Zhou Billionwe Power Co., Ltd.; Jung Tae-kyo, Chief Deputy President of L&F; Shi Hongchao, Vice President of Merdeka; Luke Mahony, Chief Strategy Officer and Chief Technology Officer of PTVI; Luo Tao, Deputy General Manager of the Procurement Center of Sunwoda Electronics Co., Ltd.; Hu Erpu, Chairman of China Chemical Engineering Sixth Construction Co., Ltd.; Toto Nugroho, President of IBC; Ruddy Tjanaka, General Manager of IBM; Hokman Subroto, Director and Shareholder of IBN; Choi Byung-chul, Executive Director of Business Development at LG Chem; He Xiaozhen, Vice President of Yongqing Group Co., Ltd.; Kim Hong-gwan, Procurement Manager of ECOPRO BM; Gao Baojun, Senior Vice President of Huayou Cobalt and President of the Indonesian Nickel Industry Group; Xu Rongshuo, Team Leader of Procurement at LG Energy Solution; and Chen Xiaofeng, President of Cenchi Group, among other leaders and guests attended the ceremony. The ceremony was hosted by Xu Wei, Senior Vice President of the Group.

"Trust and companionship from partners are the inexhaustible driving force behind Huayou's progress," Mr. Chen said, in his speech, he expressed gratitude and respect to the Indonesian government, society, partners, construction units, and overseas employees who have been concerned about and supported the project construction. Five years ago, Huayou embarked on the grand blueprint of its Indonesian business. Tsingshan and Huayou working together to turn dreams into reality, we have built a world-leading integrated green manufacturing base for lithium battery materials and witnessed the significant moment of the launch of the ternary precursor product from Huayou Indonesia's lithium battery.

"After five years of hard work, we have won the recognition and praise of the world." All these achievements come from the construction of professional and leading three teams, from the Huayou culture of "love it since we chose it; be the best or nothing", and from the inner character of the clean and dedicated team. At the same time, the high-quality construction and high-standard ESG governance of the project have not only provided a strong supply support for the development of the industry, but also won the high recognition and praise of relevant parties in the global new energy industry, and won the trust and welcome of the Indonesian government and local people!

"Tech Huayou, Green Huayou, Word Huayou, is the essence of Huayou's creation of customer value and the reason for its existence," Mr. Chen pointed out. Huayou will always aim to create customer value, lead industrial development, promote green transformation, and create a better future for mankind. Huayou will transform the Huayou Indonesia Weda Bay Lithium Battery Material Industry Integration Green Manufacturing Base into a world-class benchmark with first-class technology, leading ESG governance, customer satisfaction, and respect, working hand in hand with partners to move forward together, share, and jointly achieve a beautiful tomorrow.

Xiang Binghe, Chairman of Yongqing Group, mentioned in his speech that as a close partner of Tsingshan and an outstanding representative of the park-entered enterprises, after five years of continuous effort, Huayou has established the Indonesia Weda Bay Lithium Battery Material Industry Integration Green Manufacturing Base. The successful landing of the ternary precursor project has achieved the extension and integration of the park's industrial chain, practiced the park's diversified development strategy, and enhanced the park's competitiveness and influence. The Weda Bay Industrial Park will continue to adhere to the green development concept, actively undertake social responsibilities, and promote harmonious coexistence and common prosperity between the park and the surrounding areas.

Bai Houshan, Chairman of Ningbo Rongbai Technology, stated in his speech that the Huayou Indonesia project is an outstanding result of the comprehensive effect of Huayou's excellent professional capabilities and rich overseas construction experience. As a pioneer in going abroad, Huayou and Rongbai are moving towards the highest stage of internationalization. Both sides have achieved the highest degree of complementarity, being strategic partners with complementary strategic plans. In the future, the industrial chain will achieve closer and larger-scale cooperation.

Luke Mahony, Chief Strategy Officer and Chief Technology Officer of Vale Indonesia, mentioned in his speech that Huayou has always been recognized as a leading enterprise in the global resources sector, making unparalleled contributions to technological innovation and sustainable development. It is a great honor to be able to stand shoulder to shoulder with Huayou. Years of close cooperation have witnessed the gradual realization of Huayou's vision of sustainable development. The new factory is a glorious example of Huayou's commitment to sustainable development. Today's celebration not only symbolizes the deepening of partnerships and the creation of new opportunities but also represents a shared vision of a sustainable and prosperous future.

Choi Byung-chul, Executive Director of Business Development at LG Chem Korea, said in his speech that as a global leader in the field of new energy lithium battery materials, Huayou has always been committed to strengthening the advantages of overseas mineral resources, accelerating the globalization layout of the manufacturing sector, and expanding overseas markets to create value for customers. The Huayou project is the first precursor project in Indonesia. By setting up an integrated project from smelting to precursors in the Weda Bay Park, Huayou has created the most competitive precursor factory. The launch of the product from this project will significantly accelerate Huayou's internationalization process, promote the growth and development of the advanced materials sector, and make a significant contribution to national and regional economic development.

Hu Erpu, Chairman of China National Chemical Engineering Sixth Construction Co., Ltd., mentioned in his speech that based on the high trust in partners, both sides have jointly created remarkable achievements such as the Huayue project, which had the shortest construction period and the fastest production and standard fulfilment, the Huafei project, which is the world's largest-scale laterite nickel ore hydrometallurgical plant, and the Huaneng project, which set new benchmarks for Huayou Efficiency and CNCE6C Speed. In the future, CNCE6C will strive to build high-quality and branded projects as its goal, helping Huayou further consolidate its industry-leading position in the global new energy industrial chain.

During the event, everyone watched the video review of the 'Weda Bay 5th Anniversary Project Construction'. Mr. Chen invited the front-row seated guests to participate in the ribbon-cutting ceremony. Xu Wei announced the successful launch of the ternary precursor product from Huayou Cobalt Huanneng New Materials (Indonesia) Co., Ltd.!