[Yongxing Materials: wholly-owned subsidiary intends to apply for designated Lithium Carbonate delivery Plant Depot of Guangzhou Futures Exchange] May 26, Yongxing Materials announcement, the board of directors agreed that Jiangxi Yongxing Special Steel New Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, applied to Guangzhou Futures Exchange for the qualification of designated lithium carbonate delivery plant warehouse, and authorized the management and its authorized persons to handle matters related to this application. It was announced on the same day that it intends to carry out the hedging business of lithium carbonate futures, with a margin amount of no more than 100 million yuan.