Huaibei GreenGold Industry Investment Co., Ltd. announced that In the second half of 2023, it is expected that the Group's new production plant with a nameplate capacity of 8.0 million tonnes per annum will begin trial production. Looking ahead, the Group plans to gradually increase its annual production volume from 3.5 million tonnes to ultimately 8 million tonnes in 2031 according to its development plan. Leveraging its established presence in the region, the Group is able to capture the market needs by increasing its annual production volume, which will bring positive impact to the business and financial performance of the Group in the future as a result.