Established in 2000 with a registered capital of RMB 460 million, TianjinGuoan Mengguli New Materials Science Technology Co., Ltd. (MGL) is head-quartered in Jiuyuan Industrial Park, Baodi District, Tianjin. As one of thefirst batch of companies in China achievingthe industrialization of lithiumcobaltate, MGL specializes in the R&D, production, and sales of lithium-ionbattery cathode materials, and has broken the long-standing monopoly offoreign products in this field. lts controlling shareholder is Hengtong Group,a Fortune China 500 company. On August 9, 2023, the company was listedon the Shenzhen Stock Exchange’s ChiNext market under the stock abbreviation “MGL" and stock code “301487”.

Looking ahead, MGL will continue to focus on the new energy and newmaterials industries, and relying on technological and talent advantagesdriven by innovation and capital, to further promote industrial chainintegration, and expand its lithium-ion battery cathode materials business.Adhering to the principle that “social responsibilityis our primary responsi-bility”, MGL actively responds to China's circular economyinitiatives, whilecontributing to the country's new energy and new materials industrieswith green, low-carbon and sustainable development as its goal.