Easpring: The company's main products exported overseas are not within the scope of this lithium battery material regulation

Easpring Technology recently accepted institutional research, and an institutional investor asked: What impact does the latest export control policy on lithium battery materials have on the company? The company stated that the products exported overseas by Easpring Technology are mainly multi-element cathode materials, with the end markets primarily in Europe, Japan, South Korea, and Southeast Asia's power markets, which are not within the scope of this control. The control policy issued by national ministries and commissions mainly targets the production technology and equipment for high-pressure solid lithium iron phosphate, ternary precursors, and related products. The introduction of this policy will, to some extent, affect the global lithium battery industry's competitive landscape, especially positively impacting the competitive position of China's multi-element cathode materials in the international market