Does your company directly or indirectly provide silicon carbide products to Huawei Auto and Xiaomi Auto?

Tianyue Xianjin: Dear investors, hello! The Fuji Economic Report, an authoritative industry research organization in Japan, pointed out that driven by electric vehicles, power equipment and energy fields, the overall market demand for SiC power devices is strong. In 2030, the market size of SiC power devices will reach nearly US$15 billion, accounting for about 24% of the overall power device market. In 2035, it is expected to exceed US$20 billion, by which time the market size of SiC devices will account for more than 40% of the overall power devices. In the long run, the silicon carbide industry has strong development potential. In recent years, the company has cooperated with internationally renowned companies in the downstream power electronics and automotive electronics fields such as Infineon and Bosch, which will help to jointly promote the penetration and application of silicon carbide materials and devices. The cooperation between the company and its customers complies with the contractual agreements between the two parties and relevant legal provisions. Information within the scope of confidentiality shall not be disclosed without permission. The company will promptly disclose information that needs to be disclosed in accordance with relevant rules. Thank you for your attention!