Zijin Mining President Zou Laichang said at the 2023 results meeting, the company firmly promote the lithium industry, in the face of falling lithium prices, has set up a lithium industry leading group to cope with the challenges. The photovoltaic power station of Tibet Laguo Tso Salt Lake lithium mining project will be put into operation in April, and the cost is expected to be controlled at 55,000-65,000 yuan per ton, reflecting the importance of cost control and technological innovation. The Tres Quebradas Salt Lake lithium mine project in Argentina is also making significant progress, with production scheduled to commence in the third quarter of 2024 and costs controlled to within RMB70,000/tonne, enhancing global competitiveness. Hunan Daoxian Xiangyuan hard rock lithium polymetallic mine project was granted mining license and will soon start the construction of mine and smelter, expanding the scale to 5 million tons/year, adopting new technology and new energy, and expected to control the cost within RMB70,000/ton, enhancing profitability and sustainable development. The company actively responds to market changes, promotes the development of lithium industry and enhances competitiveness.