Can the company's lubricants meet the needs of flying cars in the low-altitude economy?
Dear investors, the company mainly engages in the R&D and sales of automotive and industrial lubricating greases, with strong product development capabilities and sufficient lubrication technical reserves to carry out customized product development according to customer requirements. At present, the company has no supporting products for flying cars. Thank you for your attention.
Hello. On November 8, 2022, after nearly a year of design, construction, plant renovation, and equipment installation, the CCM coating line, membrane electrode packaging and testing automation line, bipolar plate dispensing line, and fuel cell stack automatic assembly line of the holding subsidiary Qingdao Hydrogen Technology Co., Ltd. were officially completed and passed the completion acceptance of the local government department. Are the above production lines currently in operation? Are there any orders? What is the expected output value in 2023?
Dear investor, hello. The Hydrogen Technology membrane electrode packaging and testing automation line has a capacity of 1 million pieces per year; the graphite bipolar plate fuel cell stack fully automatic line has a capacity of 5,000 units per year. Currently, the above production lines are operating normally. For other related information, please pay attention to the company's subsequent announcements. Thank you for your attention.
Dear Secretary of the Board! Why did the company hire Gu Xiaofeng, former person in charge of the mapping department of Xiaomi Auto, to serve as an independent director? What considerations and demands lie behind this move? Are there major cooperation plans? Please share positive progress with investors in a timely manner, thank you!
Dear investors, the election of Mr. Gu Xiaofeng as the company's independent director still needs to be approved by the company's general meeting of shareholders. The company's board of directors believes that Mr. Gu Xiaofeng meets the qualification requirements for the company's independent directors. For details, please refer to the Independent Director Nominee Statement of Qingdao Copton Technology Co., Ltd. disclosed by the company on April 27, 2024. The company has no cooperation with Xiaomi Auto at present. Thank you for your attention.
Hello. The website of Qingdao Chuangqi Xinneng Catalysis Technology Co., Ltd., in which the company holds a 35% stake, has been inaccessible for over a month. Is there any operational abnormality?
Dear investor, hello. It has been confirmed that the reason the official website of the company's investee company, Qingdao Chuangqi Xinneng Catalysis Technology Co., Ltd., cannot be accessed is that the investee company's official website system is being upgraded. Currently, the company's production and operations are normal, and the relevant departments are promoting the work in an orderly manner. Thank you for your attention.
Dear Chairman, does the company adopt synthetic biotechnology in its lubricant products?
Dear investors, the company does not apply synthetic biotechnology to its lubricant products. Thank you for your attention.
May I ask, is the first phase of the company's Hydrogen Technology fuel cell stack project currently being implemented? When is it expected to be completed and put into production?
Dear investor, hello. On December 8, 2022, the company held its first extraordinary general meeting of shareholders in 2022 and approved the "Proposal of Qingdao Copton Technology Co., Ltd. on Investment by Holding Subsidiaries," resolving to invest in the Hydrogen Technology fuel cell stack project. Currently, the project is progressing in an orderly manner. For subsequent progress, please refer to the company's periodic reports and subsequent announcements. Thank you for your attention.