%PDF-1.5 %忏嫌 1 0 obj <>>> endobj 2 0 obj <>stream 2020-08-25T20:23:51+08:00 2020-08-25T20:23:54+08:00 2020-08-25T20:23:54+08:00 Adobe InDesign CC 2017 (Windows) uuid:56524a33-cce3-4397-9a50-eefe89e860ff xmp.did:24ffb9b5-4f95-9841-a9ae-635e7e7ecba1 xmp.id:9bab9916-2adf-9543-8193-86d5d004d726 proof:pdf xmp.iid:b150334b-7af5-e34f-a80b-ac1c8685bf80 xmp.did:b05d16fc-e008-2a4b-9ef8-c0dba39953a5 xmp.did:24ffb9b5-4f95-9841-a9ae-635e7e7ecba1 default converted from application/x-indesign to application/pdf Adobe InDesign CC 2017 (Windows) / 2020-08-25T20:23:51+08:00 application/pdf Adobe PDF Library 15.0 False endstream endobj 3 0 obj <> endobj 5 0 obj <> endobj 6 0 obj <> endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj <> endobj 14 0 obj <> endobj 60 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 61 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 62 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 63 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 64 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 65 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 74 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 51 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (INTERIM DIVIDENDS)Tj /T1_0 1 Tf 0.027 Tc 0.081 Tw 0 -2.462 TD [(Th)0.5 (e)2 ( )0.5 (Boa)0.5 (rd)2 ( )0.5 (p)0.5 (rop)0.5 (ose)0.5 (d)2 ( )0.5 (no)0.5 (t)2 ( t)0.5 (o)2 ( )0.5 (dis)0.5 (tri)0.5 (bu)0.5 (te)2 ( )0.5 (an)0.5 (y)2 ( )0.5 (int)0.5 (eri)0.5 (m)2 ( )0.5 (div)0.5 (id)0.5 (end)0.5 (s)2 ( )0.5 (for)2 ( )0.5 (t)0.5 (he)2 ( )0.5 (si)0.5 (x)2 ( m)0.5 (on)0.5 (ths)2 ( )0.5 (e)0.5 (nde)0.5 (d)2 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (30 June 2020 \(the six months ended 30 June 2019: Nil\).)Tj /T1_1 1 Tf 0 -2.462 TD (REVIEW OF 2020 INTERIM RESULTS)Tj /T1_0 1 Tf 0.027 Tc 0.081 Tw 0 -2.462 TD [(The)2 ( )0.5 (audit)2 ( )0.5 (committee)2.1 ( of)2 ( )0.5 (the)2 ( )0.5 (Company)2 ( )0.5 (\(the)2.1 ( )0.5 (\223)]TJ /T1_1 1 Tf [(Audit)2 ( )0.5 (Committee)]TJ /T1_0 1 Tf [(\224\))2 ( )0.5 (has)2 ( )0.5 (been)2 ( )0.5 (established)2 ( )]TJ 0.059 Tc 0.07 Tw 0 -1.231 TD [(by)12.1 ( the)12.1 ( Board)12.2 ( in)12.1 ( compliance)12.1 ( with)12.1 ( Rules)12.1 ( 3)12.2 (.)12.1 (2)12.2 (1)12.1 ( and)12.1 ( 3)12.1 (.)12.2 (2)12.1 (2)12.2 ( of)12.2 ( the)12.2 ( Hong)12.1 ( Kong)12.1 ( Listing)34 ( )]TJ 0.033 Tc 0.075 Tw T* [(Rules)8 ( )0.6 (and)8 ( )0.5 (the)8 ( )0.5 (terms)8 ( )0.5 (of)8 ( )0.6 (reference)8 ( )0.5 (of)8 ( )0.5 (code)8 ( )0.6 (provision)8 ( )0.5 (C.)8 (3)8 (.)8 (3)8 ( )0.5 (as)8 ( )0.5 (set)8 ( )0.5 (out)8 ( )0.5 (in)8 ( )0.6 (the)8 ( )0.5 (Corporate)8 ( )]TJ 0.026 Tc 0.082 Tw T* [(Governance)1 ( )0.5 (Code.)1 ( )0.5 (The)1 ( )0.5 (Audit)1 ( )0.5 (Committee)1 ( )0.5 (consists)1.1 ( )0.5 (of)1 ( )0.5 (three)1 ( )0.5 (independent)1 ( )0.5 (non-executive)1 ( )]TJ 0.025 Tc 0.012 Tw T* (Directors, namely Ms. Wong Sze Wing, Mr. Liu Jun and Ms. Xu Yixin. Ms. W\ ong Sze )Tj 0.039 Tc 0.07 Tw T* [(Wing)12.8 ( serves)12.9 ( as)12.9 ( the)12.9 ( chairman)12.8 ( of)12.9 ( the)13 ( Audit)12.9 ( Committee)12.9 ( and)12.9 ( possesses)12.9 ( the)12.9 ( appropriate)14.1 ( )]TJ 0.025 Tc 0.06 Tw T* (professional qualifications as required under Rule 3.10\(2\) and 3.21 of\ the Hong Kong )Tj 0.053 Tc 0.07 Tw T* [(Listing)12.6 ( Rules.)12.6 ( The)12.6 ( Audit)12.6 ( Committee)12.5 ( has)12.6 ( reviewed)12.6 ( the)12.6 ( Group\222s)12.6 ( unaudited)12.6 ( interim)27.9 ( )]TJ 0.036 Tc 0.072 Tw T* [(r)0.5 (e)0.5 (s)0.5 (ul)0.5 (t)0.5 (s)11 ( )0.5 (f)0.5 (o)0.5 (r)11 ( )0.5 (t)0.5 (he)11.1 ( )0.5 (si)0.5 (x)11 ( )0.5 (m)0.5 (o)0.5 (n)0.5 (th)0.5 (s)11 ( )0.5 (e)0.5 (n)0.5 (d)0.5 (e)0.5 (d)11 ( )0.5 (3)10.9 (0)11.1 ( )0.5 (J)0.5 (un)0.5 (e)11 ( )0.5 (2)11 (0)11 (2)11 (0)11 (,)11 ( )0.5 (a)0.5 (n)0.5 (d)11 ( )0.5 (i)0.5 (s)10.9 ( )0.5 (o)0.5 (f)11 ( )0.5 (a)11 ( )0.5 (v)0.5 (i)0.5 (e)0.5 (w)11 ( )0.5 (t)0.5 (h)0.5 (a)0.5 (t)11 ( )0.5 (th)0.5 (e)11 ( )0.5 (p)0.5 (r)0.5 (e)0.5 (p)0.5 (a)0.5 (r)0.5 (at)0.5 (i)0.5 (o)0.5 (n)11 ( )]TJ 0.051 Tc 0.07 Tw T* [(of)12.4 ( such)12.4 ( financial)12.4 ( results)12.4 ( have)12.5 ( compiled)12.5 ( with)12.5 ( the)12.5 ( applicable)12.5 ( accounting)12.5 ( standards,)26 ( )]TJ 0.061 Tc T* [(the)12.6 ( requirements)12.5 ( under)12.5 ( the)12.5 ( Hong)12.5 ( Kong)12.5 ( Listing)12.5 ( Rules)12.6 ( and)12.5 ( other)12.5 ( applicable)12.5 ( legal)36 ( )]TJ 0.025 Tc 0 Tw T* (requirements, and that adequate disclosures have been made.)Tj /T1_1 1 Tf 0.093 Tc 0.07 Tw 0 -2.462 TD [(PUBLICATION)12.2 ( OF)12.1 ( THE)12.2 ( INTERIM)12.2 ( RESULTS)12.2 ( ANNOUNCEMENT)12.2 ( AND)68 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (INTERIM REPORT)Tj /T1_0 1 Tf 0.042 Tc 0.07 Tw 0 -2.462 TD [(This)12.2 ( announcement)12.2 ( is)12.2 ( published)12.2 ( on)12.2 ( the)12.2 ( website)12.2 ( of)12.2 ( the)12.2 ( Hong)12.2 ( Kong)12.2 ( Stock)12.2 ( Exchange)17 ( )]TJ 0.027 Tc 0.081 Tw 0 -1.231 TD [(\(www.hkexnews.hk\))2 ( )0.5 (and)2 ( )0.5 (on)2 ( )0.5 (the)2 ( )0.5 (website)2 ( )0.5 (of)2 ( the)2 ( )0.5 (Company)2 ( \(www.ganfenglithium.com\).)2 ( )]TJ 0.048 Tc 0.07 Tw T* [(The)12.8 ( Company\222s)12.7 ( 2)12.8 (0)12.7 (2)12.7 (0)12.7 ( interim)12.7 ( report)12.8 ( containing)12.8 ( the)12.7 ( information)12.7 ( as)12.7 ( required)12.8 ( by)12.7 ( the)23.1 ( )]TJ 0.025 Tc 0.028 Tw T* [(Hong )0.5 (Kong )0.5 (Listing )0.5 (Rules )0.5 (will )0.5 (be )0.5 (sent )0.5 (to )0.5 (Shareholders )0.5 (and )0.5 (published )0.5 (on )0.5 (the )0.5 (website )0.5 (of )]TJ 0 Tw T* (the Hong Kong Stock Exchange and on the website of the Company in due co\ urse.)Tj 25.778 -2.462 Td (By Order of the Board)Tj /T1_1 1 Tf -1.274 -1.231 Td (Ganfeng Lithium Co., Ltd.)Tj 3.355 -1.231 Td (Li Liangbin)Tj /T1_0 1 Tf -0.025 Tw 13 0 3.4833 13 425.4359 264.409 Tm (Chairman)Tj 0 Tw 13 0 0 13 56.6929 232.409 Tm (Jiangxi, the PRC)Tj T* (25 August 2020)Tj 0.047 Tw 13 0 3.4833 13 55.3588 184.409 Tm (As at the date of this announcement, the Board comprises Mr. Li Liangbin\ , Mr. Wang )Tj 0.054 Tc 0.07 Tw 0.33 -1.231 Td [(Xiaoshen,)12.5 ( Ms.)12.5 ( Deng)12.5 ( Zhaonan)12.5 ( and)12.5 ( Mr.)12.5 ( Ge)12.6 ( Zhimin)12.5 ( as)12.5 ( executive)12.5 ( directors;)12.5 ( Mr.)12.5 ( Yu)29 ( )]TJ 0.04 Tc 0.33 -1.231 Td [(Jianguo)12.1 ( and)12.2 ( Ms.)12.1 ( YANG)12.2 ( Juanjuan)12.2 ( as)12.2 ( non-executive)12.2 ( directors;)12.2 ( and)12.1 ( Mr.)12.2 ( Liu)12.1 ( Jun,)12.1 ( Ms.)15 ( )]TJ 0.025 Tc 0.061 Tw 0.33 -1.231 Td (Wong Sze Wing, Ms. XU Yixin and Mr. XU Guanghua as independent non-execu\ tive )Tj -0.025 Tw 0.33 -1.231 Td (directors.)Tj ET endstream endobj 68 0 obj <> endobj 69 0 obj <> endobj 77 0 obj <> endobj 78 0 obj <>stream H墝UyPyN玷@4-恅w(憷 +猸爛湥 &@L"醦渶冣x0 ;倛":谩x霂%5珟隫黼/郴猣抖j仃亏~鮹W铽苮B>0赘罔皠x焫礔e垐3*?YR诋hV幈.B置慏!H鹲上驞祠耢b鏭狵抒B梆%红<:3#4圩鐜臽[3氢X=8h,r穪"搳壦3U甅臻硊z匭ヴcee1cF29垛楾Fm`孮疨4 }&c"訸1/[,8@簹阍珨孼?S1 ~q~L4乾52 瓛 :-M潽+jyх雪*絈两u崬韶旉T5麶甎hT浚B詼,巀kP{紹)蘯乞竫[2婹x<寋x笎$醳厚惑<瀻3駒墁y颊$邠熇/醱蝻?諅焺衤兟wQ>.膕&背窲鼖]草齦q撉%崼w餽萺x8颖匮猡s昫I畮6~ g':W9S*m旫泩sa\v管#鐠媺烵u鮳璹慊% 7d薲抿$y潎袃0樆7]胶f![b壎栢鯌(*D0#u揱K臯癚典G;臌i?_屖&,>以t窻辥逘Л8狣墑T眮u%fpg#
菭<襂綛穝莇9蛄a鴫8ca鎳鄫茻婦摚憌瑝j繽溈癸忩辙:49!74-,变.v喋歛贐缐>Y[u钇牅n琠窌7兂顾謍譗憵穝鍣cF腯頍澑 clr&F.址=拲.鶕ˉ$59v ;*"`俤椡螥帨汏伻墵赥鸷14﹑H匥2\搽;8撎@HYD;Lg;H8=缐G７鲓鮧芑嵶玲[訲D焖弪嵐櫤仫潦\逨逬肸"鼯椲I墩每卺 k犂W纅X枓╗嶲m铿w{靜撱_齱响|鼷铨緖琦j n昁櫷,Ewc檀蔫%姲Z"褞曃~妚
庳龥球阀bD窤HQ鎔hf|3l扻 A!Q騵 &8!枊k耻K!|X堩鶏俵颯j窏烾s穹J媼@^僾w?衖崄 W济;凝們pu鮵罃
&c憖_夓)K絬6惏M鍱FJ中礻Wc邀潌`y偰輕 ?┢L3U瓭r=By渗"S徚h7甆怷j棨X螺wテ莕轺塁1W<鹈I飢黪髯5姙b濣紪恝伈偢汖 欃t 攪1
5^`37X脁.┳ 7猯R淯 覬1:w彎媫V轒P"絊X嫍坄}褳馯~u晍穰櫻!罹l7 &Lm篣5┕窹嬁穽嚴蓺o61m讦$-鍔驦…捦先,1B/羙顏w鄥 :胅焁o(9欠~}Ip券_y J駔濂N駛%T伵>2u趑汰幓糪F畼{L8畂%k卲戚臵0湬d媋\O嬲尵22q5Hss胕椃潺#寘o|\敂snt s86c 勼t*.届鞃俈c箄"彎绞洱`lP_,:wFS吒<磽衰9-賢;=^蕎MG8.w*殽壹幾I& 嚪馷嘎鞉趱ER圩姧飲鋎
K<仉~釵齤愶敶奠测]c$竣桲镋(瘇:Ddk璾沣)朷#剖芚椿,棷{b綧$椭湐几篞/袊?鼦1鏧rr#幟蔛M4魨鹶瑒(w!r硣)(%@V奢笹J赎=Z/柌涥 0嫗/\3暡"踐〩昨6涤翲$Z豺b蹢 輓奺-?勇 l鹎竐Cx)贒o1；J儮翰皠/錮Py>擏)曇c茍桘2:A娛"h&H45v秒f桵篲Cc @胋$B"鉖壯qGet<鍾暪漘S螅險踅鳒飤畿s居罃橇毥t5^cs6辫d*戦瓡z E鮚盼8徧bQ逭+皶M蓹Yd"歵}靜碝橝Ldě:E㈤k2}﹍蚁%毷sqA鬕邯黶觍7^娭*3wJ蒸1鷔 饊翃跉渞BB亦頰qn 枑[` 狽Sm碯m朏脳鐀P姙}袹嘉捭瞘W_|9紶9g琱-=稛輪╤既S伩g6)芡統搷++oo晏鲱摙#冨 Uｅ崴c.g ￢\嗬 朲煙\@75嚇7舎品3"噓w褥I罣踍c碨q4>亙b靺褑虏<谈酻趋粃灳j&;"槎8遙e倕`偿
蛫嶵<.哞寸矛鹐Ui猁x熅圫訋x&硚^s莕弟鞇0雠艡}%崾憼洙.J%ZZiw}fM5#庎P%暾Tfy1x7猂7菏W8廴F间売=躇R#雽(征u0惶,<幑^蟽悯圎.Y瑒z\沗湷喌蠤[ohj(墛蒫聐o]橅紛帋;铉&4f'-共韎"b飞1鷟v臎'毒﨣碛
i駬68h飕夻2g}B董;T,継ULb$s陓饡cu眯*蟔坪銦e^掩` 亂靱漲J*r^)3鰉毰撄褸媪oo〓"茒嬭o)凅r 敕w嶄2鮨蛑=寃潽=%钾鈗F葂囐0鎁搹5Fg}t,5戔侏;┇g.6U斂帙v腦wm^搝%7My炎*l&, K*9膺恳谓3p易]粆彌k穩餭[事!拝,遺6X<烬c<睵=暔9絋K3$hjV :湯12P [籞zt,>儙%%刪蓏2矝廢=XiV%$嚍B丂澶,8[瞷I]e7鑐俈慒违#2鎦嫇mpGk}][kp兛o"?廄,饪 好镖埻E逆[(h飓5嫔A=;菛薓Le|輵Sa[颎袈n8龀攬?侖 那q#T!羊<=衣$!巡NuQ)&=橦P吓sm捻豒:鵆)酔櫘斷鑐睛皪虅(<菍M應$.匢屝&戝JW隞S9昒枮N脜鵩cyNK卷4]摱傉m H4j8vW.齵')餃晒i:~ 羱鴀哕彥^>犮-&r鮜:恵}#軀賈UT镧r'?We)：F皣説>1gB2坢祤俽$>鋖*h閚礤鲊J憤婷j咻醜v殹V妡習+=紈槾脇2蓏z焅荑;`T回H扠蟍刬X?N肸鉕牥J4敄寬糸T鵁#o%Y膷R賆 獺%-O,麇枥y7σ嘴\峡,^陘扸塘菑Ro馟榌鄎@%lg伧犬5郒= .^谣蛚?鋌+'-灣3fg镢鷲>琾寔(ま'焫至!峋! nI7肴(Pe2褢栽靡酮愪O=忖Z珃XB紤?飣喃;0^巜T侧5誏+蜚;駢 m舭︰櫦鍃&<夏m{U覷詞櫭鷆贾34 2郋裘/G晜8 B t 碖vrC绽^鬋洝尌j耻籏/W 獮]尉產驋1糤.j3堁凧镼. 嶪躔蘄┏7櫌_
鹷誏 肧）fX儴醫&9^N张1挴鼡8ゅ璬耤X2禫经梧":摤鈒^AQ釢蒡=绋:X婳GO0sU#K5鱳〝*z0Mj氈p<1J秌櫙煑痬5#娬8啤諮.&6%!靹黨V鸀蕮n傉只鶹赪梤)|X夑ЙnDqqQQG鍨Y璮瀈7%含.Hd罚~缒韼甩易Ku0.?V+ 朘:O寳J苧ヌ攗eNkTv;v~6iF>;1V桕瞃
g+慖撍G%_>腯螵d癦\P裖$6m軯辊しdW當櫟櫋L虀韧潺倪嘕σ牤＇旽駞a检B 8轝鐪ir.6g0坒$X(抆%R4嵁b6:767觤N鱱琴\跱gj]妳m俔!豫P漭髱wPg費t泯篚{8下x蘦繫歗`専S(勩%浓郎Wl}盶#怈C庎葻8GdH竼.&躲醖礆(m儧倰G︹ 4JL褷:FvA韼蜠諒cP甧~=Z-閂鴜3蘧屎挐 櫌翴嘿佶槟T鈄4|M侚麀>c灳;Lf冂} 鄄K鳞>96k/m溲WA釽睨喥臂鍂
w礍;1潪c寪 齫籣k& 玾疵鴜N峱颂谠媮呓蒅冼鰐藓k峨0o=晭'醌亓搻Z,Z#詃紁9巑1昂Tt吺豑四鵢e坼;獱Q牪pE齕
{1E endstream endobj 75 0 obj <> endobj 76 0 obj <>stream H塡酝帰@=OQ祟Eヮ% 1钡;q1?gHF$邁阷:=蓯┮彄p箜~凤簧暹莐s垞;u};欺>6愎氤e嶷畽>捂麈RY6)^鳊闅U曀穒|抚M{=歧,6秖禚硔=<稽p?-躾碲xJ?籁局楄騳鬯綧谆轳掱黐耋1DW嚏Kb歬oC菽鳖1閄魂=,鲰譝O惋z酞嬼懖2+1驃y匼2椚 ++驏y嫾c!1!3'd錳0%筦.=矴fA渺i0愰黟{=鼮~咖呙/4B兝 4B兝 4B兝 4B兝 4B兝 4萳`噦 :v(鑀亍燙e噴昮匶iV槙f匶iV槙f匶iV槙f匶iV槙f匶iV槙N呌亍Ｇ1zＧ1zＧ1zＧ1zＧ1zc噯6沵煨小盋C噥t鼇?鼇?%稾,宝,槺︳谈桼榪/ノ箑4~镧 H撌}螚>巌刺鉲)&]?'辮\趨W鯳
傂- endstream endobj 79 0 obj <>stream H塴T Pg韆Du欶煅钪榅‘r漊F0x巳40,"%fE暊倛 坔#GP 獾.n播-MQ_摕郯礕抖宏}_絎鱑0{;L$甌璡眗~刅菣蛡漐?6cx厛焠舷楧"y舷.8?o2:踯孻緍蘮L羅郝`L1ic,瑮忳o萜p8鷮8.邱緩8 訁灋貮峚'菃-溛虇辏 &Ａざpw60!6&翁櫖c蛁痔猋婭tj.*祕%湃+w4M渾贞YK莕pwge絽U5l目匐bb囱躼Sa?縡Gs&媄x焏覛5趆嬛7K\q菂聊j 偧尢qq+.肈聝I\百摫E癳HaZ3`脪1,\竡L壄M踮身B2乃难釰q擑檟叁w鯥鰓p7<## 楐I}ラ襣k濷饾p苎1o">8眤鉀I1撐;:8邓黣-揼M6L?e蜘aS疢齓>[綵濩L!D泂坰贵k采e甂査4愦\oM窡1=ア)f+l73鱿$g欩ぷ覫3跰鞰憖sn妋鰘辮豀 -#8J嬀$a)拵H稄焌j 逬帩蠿%ce佳V沝叝陰_釜3礶沈oT召壵Dq饇^J"愺赨冟鎭颌X賂粂Ib祡謡逻2鸟~5麫j$篯;攻娙敳襎唄/KM+荭@庴刑跄]1x埴+髪鳁9%穔蔏O3谢_祓伔 ^K臰/瀫[W呸栽v骛盥?P绒92辡ok銫鴞%/葲_w?/涣峢:6y晔誾&o4:鵍r 奯帵(*i;浰Qk铮玷嶗恩啮8t袋嶊S,(r蓨-ヱе襖蕐@?%~圹.5押sw>W祤鑐>Cわ9嗠躺朒E嚓'e橪{客中Y}莸鎓砹鶦D際/J"铤祍t砡肼;A唾臞U莄Ff;
%薬U#5懙陑H絇昛L駕2簙_u选B:`a~仮(7sw牿P礍鯪輝)棉$蝠餈驪呰+綳A_ 簱Pr躑X ((z螭鱧鸁4仳R|戉聱祼lt|湘歬}:煘*,嬋R╤莵a8縹t碞zi;:姯蝍F眻仒蜒嘃甉Le^鬊鴺 q>OGn窰W肇l逢虺]彯嬢怈橬*;]AJy8駇饨铀Z'J蝲愢{嬌:効锛爅蘂襝W努Τ縻找殖7蜶諌:泦轖底椱+%輗丝絔a1f玘炾巄巈隳榨*邒JJ褧V0v墵燢蠬"C(惐宍鐱0咼dl`轛9x a粿矵Ⅱ譹黲D
煷酳q#揓]*c3@靍?1S3仁K'Ⅱ|b礜g2恝(.祾桖Y噧揈欚殑,C$(鍡`糩"K朩嬑紒7b(p.@W@偃9嚏p湙j{鋱湚敔l8仯拺拺偈#漠峙螘K拸輅椰鈮O蒂l%:[$ 9:@薼}^業=+5惑b(KoC貃u{.Z妥褧锅鞸祡 p宓貪A罤収髷T朧軙妹q騸AUn齨噹鴴@坝邼阙)R-賳瓤錇
/橍=%椩'⒖腙佾珐+瓶"2daM楋莐蕸(z?勹芭S先劕:xU波 矡堸H%?銾;$枸陳遚饆'E!$蕱@&耺7|*B鵪$l;j;Z萛~昚勶扇蘃T N侱h灊W榮X
貇趭SH練轥挤Fm语孆茳傒L晀.獣 隮p炉藺朧蜜_囲恽篈8鴥榑?@④,岑頎P;7p勦zXP魍 乏荊 \銆vr╲刼婽勽葩3排虣#u Y}婛 皿$uG詼Yx肱撶:爴犕#儀鈫g銈沘Y嵓/#鷪A垉N抶R焒] 碪葜|VyPgw篬+輏樑9儥 C紡壞遟.均R罛-鴎9鏧XO肑麬蟥螛 氨ND鷕柔;鎪椨乃V"嫷屵c*撞Gz瀷鴰驒e*%瞪蟌T>礳惣Lb)=i6莆肘L.繈:蠢 0 >#,YB\)礽N逾H|>★m輫[胭-tu6蓋昇熪eTl_4裵,O嗅P酦
+i雳若!aF:霄A堒)3K莂d缰?大.筢 3 鋓77C v7'v(┈u慃鯝'衛〗V瓐Z9&@M3嫆 =+!QGmO!=N刪骸衆蝺蹙"蝷1敵唂o婰棻*鞸ゲ@輲榧(71F╯ 舢手仔1聂HvffJ6_-%賙髎獃xe岏5$$佟^b偛^鉦cM2玆 |<蒻&礍W)4秾Z鮴>Vv瑎G_2杄N琊f蔑ts胥1@<葍q]阗0暝噑晅*l燽-i懫詬_調i1菪煂亟6B`ǎ瀐Y冪Y_1=,m9鼆RN碅摛zi嘚籞r儍悰"]鋊 t2ffz瑥RA/3=厈{髕 娞4+/哹'劸裏?c. 缓 :$z%f蟯%偻挈+$–dn嘨>!飁]R滁+ 搏釥堋筳-笧K幎執-caR鏫,KL娽慨3W9>JL蔏(丈~6鳤?鰌籞濴$y$櫠r浄W癜歽澐Id.+v細[襴#;荘|檭E叹帵"}皦媿U詜VbBL嵬罂$撒 >躶<篂1 薕%依q騽`颗籉fS4簢,H邱陂qY-跑ㄎ郡槔Umr韝 ｑ廚& W婔蒸騎R鮴gI]墮澀痻粕c,X淕(+ E殊\J&鬎8 G坊O脥
J煨;F#xS谪e 燗$d琁E喢&粕时闁b 涏\9鈒Ⅻ贵(U"W0.+_
[丝乂/IBj/p圙猢由鐑C0#輆瀙誧 衰闧v;P沫c絈-h盯:K鷩%=fo揂_資`R9乾驣h8_t厓鶎㎎尸揖.J娵l9184<栃瘥 M}AVmx檖~劀y絶[朎潲 l嚑QA$$+垘q抐%4v?畞<彄{拉 8&7h鰱萛轞淬*魚蕀認N婔 +楴炖LＹ俏0鶠胬铧6p螥OR纗揙&#风癌z預襍导槵穤z簧ㄛ酱a憊颏臜亟闍悝G刾K讍v9y]嬦T]姬=勋1`5/凂躝N靫=俜劘闖蜻[Uea噲蜻L棗K焞僼墦w漚`pM.4玳4お葅P盻偭3zV唍払常26!坩6礐Y0Q/艔獍採K塋庡寇1@嫵 tpE駬姛橿;駲"矃@!&V鍱IQ.匳{鶼[@餪锊:*(獷嘿詷眴忧6ヱ8惟 #;g+怅$K>捜7l 觵蹋垎h鵯m跒M,@贶煣4J隉+2幼q═=#
窿塉]\F^f^G X罙qNen谲l8n{z 餤!'7疓钰渑毒:Q嘨5譱2V`券艰,!86q 茱+垊k郃璒Qzc'桲釁槦nB .n慭H扡{M蠶瞔9滤沖5=)偙Ws╢,{=
叉?鼲鱦硂韅鞰Qv傡淏ｚ=欆險(CA靹嶐0dD"P燀赍A9j钿 仁擈4厖Z栋@[╟蝌Leu彰梿8噰賕A#罚幗6輫Ew蒔賂63.澱淠㏒樿褕]G卫,QTN:[$枸8D珲翄Y>蘡OZEⅴギ眮+羽剭\攢S柷23迠?奸 "Xp鎅9|朢彧鸞菣坼灐9xaa2埤d磷B単兘ぷ46螏橚2脑7U秛韑輥=鮴5,Y褚查P桑?[.衟N8烌XMfG笳匊n!鑆玒:"漷鵴誢踐閑G踹k韔鐵ut梨濜], XX镻鋓羶很咴3U嶉蚠7疢mVz住碩c#=)1岥扨=bs +~q!川壆7%= 嫣O螇満&蝸膮9D砍倧U$ゑTpY秹岓P4P仇/Bb僣b-3-z涊閄>;?廌*嶨!&ラ ~緧o岒鋚Zг刪圗rp#牫弻)饑g鰤Uz洭;偌dS宝-} 旳蔃晄:2VV珮旰B_В氮ZVz鱧5ガ婍ioll34徘で釂簞蓨摽82"(W`V杴>扱视摚+G/妓I 酘SL L#3騩绚wUpx豍E倂*:
▂壜 辭L)ち媓CoWㄊr騢礪浰*!仐0F簣桝儡禫18c譄bx檨咼s硆r骋3=鹼齞q:鉢a*02B迀2C%觃罬藨3嫕 銴 嫍l+R暈0s碘撰I/U鞬V習躸s湶垸<殍3^阀愪 廱麔4t#玉覹苆⒓X徏摰?懱］喐4楶Wc鵭 続枴嫌t六"慓IF裎脝鯢谗乡基|qHe y3籧#|笽攇K飭颐增*d,--3甸T=顇 V轲澢攐:茫愧岅N篜o煡緷櫒曺px/rO褼,!g#4"橅罨7&<劷=w1W|-\禮Xi秌{U廍")L籦;<3K鱫矅誏鸓d豶泫7ON橱駖辖A幆卪=焥辯 )S一揹蠩冉4 4礹C"腣犡Ns5p!圪蕌!塺Ng囼 B暋t{捖瞨}覿ぺCj要J螛{p0酧採数~a菤l5褒0荺爌<:iV"晶叺TcTre冪,＜lc*8 窏 L踊氻辺oH0
gD崲覮>癌垖義簫P6趗胼种v环絔籿碲籿葳秸(6@ M(殣淜|j聎錅鬁鐪<嘪磍娥鲷提D橌燽怔f憶 毢扊>n汙|刵j誑:<[CＨ3镙醦虆揥n軗 鳏7P黋詄=枹Ο4kL聴\汱柡搭_h*zr淙8KM驱0馪Oh}R[_笐oc{#ㄡ产 e&|WWg鄆e峏<eu蘘>y8跈 Aj.料蔬/f昲Zm制氳ff闁5炥qnG 灘"F蒸M%芠X搳狣+$5刭醤颾ぁゑ(s崞醄S粏旲}鲠(=;vQC^2蕚懱l>l嫳o鴾汇+^_箎瀆沸侹p9豐hR蹶割澉荈搎9@4粽L7岧MfY蝖 蓯B呎桽餓 S)u'4%;H脈斶H螆nCM匭Ye砐縡鹾軲粰"牍籽&2!巿%4驉媬廘盖芚奜&壏I梮,黰h2敍5(keu彶i鶟4[+{訓邱獈G焨匠.c鬆|v箣铒k徎X曭d邓轌||跫-莓禢欺p W鉭捷鼮5)/珄丗簦7薄継荪*梡*瀸稦坳晃\司巎邊*岎鯜頾踵T泍r5`;剤hCN9d
z(鎺|蕮9
t/G騒糒'0勥`.貇Gfbg萫1>瑳y轡櫮s靑0洹 endstream endobj 67 0 obj <> endobj 73 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 50 \226)Tj 0.034 Tc 0.074 Tw 13 0 0 13 56.6929 776.3179 Tm [(After)9 ( )0.5 (asking)9 ( )0.5 (relevant)9 ( )0.5 (personnel)9 ( )0.5 (and)9 ( )0.5 (checking)9.1 ( communication)9 ( )0.5 (and)9 ( )0.5 (email)9 ( )0.5 (records,)9 ( )0.5 (the)9 ( )]TJ 0 -1.231 TD [(C)0.6 (o)0.5 (m)0.6 (p)0.5 (a)0.6 (n)0.5 (y)9 ( )0.5 (c)0.6 (o)0.5 (n)0.6 (f)0.5 (i)0.6 (r)0.5 (m)0.6 (e)0.6 (d)9 ( )0.5 (t)0.5 (h)0.6 (a)0.5 (t)9 ( )0.5 (M)0.6 (r)0.5 (.)9 ( )0.5 (G)0.6 (o)0.6 (n)0.5 (g)9 ( )0.5 (Y)0.6 (o)0.5 (n)0.6 (g)9 ( )0.5 (a)0.5 (n)0.6 (d)9 ( )0.5 (h)0.5 (i)0.6 (s)9 ( )0.5 (s)0.5 (p)0.6 (o)0.5 (u)0.6 (s)0.5 (e)9.1 ( )0.5 (d)0.5 (i)0.6 (d)8.9 ( )0.6 (n)0.5 (o)0.6 (t)8.9 ( )0.6 (r)0.5 (e)0.6 (c)0.5 (e)0.6 (i)0.6 (v)0.5 (e)9 ( )0.5 (a)0.6 (n)0.5 (y)9 ( )0.5 (i)0.6 (n)0.5 (s)0.6 (i)0.5 (d)0.6 (e)0.5 (r)9.1 ( )]TJ 0.036 Tc 0.072 Tw T* [(information)11 ( )0.5 (and)11.1 ( )0.5 (sensitive)11 ( )0.5 (information)11 ( )0.5 (about)11 ( stock)11 ( )0.5 (price)11 ( )0.5 (during)11 ( )0.5 (the)11 ( )0.5 (Blackout)11 ( )0.5 (Period.)11 ( )]TJ 0.028 Tc 0.08 Tw T* [(Th)0.5 (e)3 ( )0.5 (Com)0.5 (pan)0.5 (y)3 ( )0.5 (als)0.5 (o)3 ( )0.5 (got)3 ( )0.6 (a)3 ( )0.5 (wr)0.5 (itt)0.5 (en)3 ( )0.5 (co)0.5 (nfi)0.5 (rma)0.5 (tio)0.5 (n)3 ( )0.5 (let)0.5 (ter)3 ( )0.5 (f)0.5 (ro)0.5 (m)2.9 ( )0.6 (Mr.)3 ( )0.5 (G)0.5 (ong)3 ( )0.5 (Y)0.5 (ong)3 ( )0.5 (t)0.5 (o)3 ( )0.5 (con)0.5 (fir)0.5 (m)3 ( )]TJ T* [(that)3 ( )0.5 (he)3 ( )0.5 (did)3 ( )0.5 (not)3 ( )0.5 (receive)3 ( )0.5 (any)3 ( )0.5 (insider)3 ( )0.5 (information)3 ( )0.5 (and)3 ( )0.5 (sensitive)3 ( )0.5 (information)3 ( )0.5 (about)3 ( )0.5 (stock)3 ( )]TJ 0.025 Tc 0.077 Tw T* (price, nor did he disclose any sensitive information of the Company to h\ is spouse. In )Tj 0.026 Tc 0.082 Tw T* [(addition,)1 ( )0.5 (the)1 ( )0.5 (Company)1 ( )0.5 (also)1 ( )0.5 (got)1 ( )0.5 (a)1.1 ( )0.5 (written)1 ( )0.5 (confirmation)1 ( )0.5 (letter)1 ( )0.5 (from)1 ( )0.5 (Ms.)1 ( )0.5 (Tang)1 ( )0.5 (Meiling,)1 ( )]TJ 0.049 Tc 0.07 Tw 0 -1.231 TD [(spouse)12.5 ( of)12.6 ( Mr.)12.5 ( Gong)12.5 ( Yong,)12.5 ( to)12.6 ( confirm)12.5 ( that)12.5 ( she)12.6 ( conducted)12.5 ( the)12.5 ( Transaction)12.5 ( without)24 ( )]TJ 0.031 Tc 0.077 Tw 0 -1.231 TD [(r)0.5 (e)0.5 (c)0.5 (ei)0.5 (v)0.5 (in)0.5 (g)6 ( )0.5 (a)0.5 (n)0.5 (y)6 ( )0.5 (in)0.5 (s)0.5 (i)0.5 (de)0.5 (r)6 ( )0.5 (i)0.5 (n)0.5 (fo)0.5 (r)0.5 (m)0.5 (at)0.5 (i)0.5 (o)0.5 (n)6 ( )0.5 (a)0.5 (nd)6 ( )0.5 (s)0.5 (e)0.5 (n)0.5 (si)0.5 (t)0.5 (iv)0.5 (e)6 ( )0.5 (i)0.5 (n)0.5 (fo)0.5 (r)0.5 (m)0.5 (a)0.5 (ti)0.5 (o)0.5 (n)6 ( )0.5 (a)0.5 (bo)0.5 (u)0.5 (t)6 ( )0.5 (st)0.5 (o)0.5 (c)0.5 (k)6 ( )0.5 (pr)0.5 (i)0.5 (c)0.5 (e)0.5 (,)6 ( )0.5 (so)6 ( )0.5 (t)0.5 (h)0.5 (e)6 ( )]TJ 0.025 Tc 0 Tw T* (Translation did not involve any insider trading.)Tj 0.032 Tc 0.076 Tw 0 -2.462 TD [(The)7 ( )0.5 (Company)7 ( )0.5 (adopted)7 ( )0.5 (the)7 ( )0.5 (following)7 ( )0.5 (remedial)7 ( )0.5 (steps)7 ( )0.5 (and)7 ( )0.5 (handling)7 ( )0.5 (suggestions)7 ( )0.5 (on)6.9 ( )0.6 (the)7 ( )]TJ 0 -1.231 TD [(Transaction)7 ( )0.5 (according)7 ( )0.5 (to)7 ( )0.5 (opinions)7 ( )0.5 (from)6.9 ( )0.6 (Central)6.9 ( )0.5 (China)7 ( )0.5 (International)7 ( )0.5 (Capital)7 ( )0.5 (Limited,)7 ( )]TJ 0.025 Tc 0 Tw T* (the compliance adviser of the Company:)Tj 0.055 Tc 0.07 Tw 0 -2.462 TD [(\()30 (1)30 (\))30 ( )-564.5 (Upon)12.6 ( the)12.6 ( internal)12.7 ( decision,)12.6 ( the)12.7 ( Company)12.6 ( issued)12.6 ( warning)12.6 ( to)12.6 ( Mr.)12.7 ( Gong)12.6 ( Yong)30 ( )]TJ 0.043 Tc 2.181 -1.231 Td [(and)12.6 ( his)12.6 ( spouse,)12.6 ( Ms.)12.6 ( Tang)12.6 ( Meiling,)12.6 ( required)12.6 ( them)12.6 ( to)12.5 ( standardize)12.7 ( their)12.7 ( practice)18 ( )]TJ 0.045 Tc 0 -1.231 TD [(in)12.9 ( dealing)12.8 ( stock)12.9 ( of)12.9 ( the)12.8 ( Company)12.9 ( in)12.9 ( the)12.8 ( future)12.9 ( in)12.9 ( strict)12.8 ( accordance)12.9 ( with)12.8 ( Rules)20 ( )]TJ 0.069 Tc T* [(G)0.5 (o)0.6 (v)0.5 (e)0.5 (r)0.6 (n)0.5 (i)0.5 (n)0.5 (g)13.1 ( )0.5 (C)0.5 (h)0.6 (a)0.5 (n)0.5 (g)0.6 (e)0.5 (s)13 ( )0.6 (i)0.5 (n)13 ( )0.5 (S)0.6 (h)0.5 (a)0.5 (r)0.6 (e)0.5 (h)0.5 (o)0.6 (l)0.5 (d)0.5 (i)0.5 (n)0.6 (g)0.5 (s)13 ( )0.6 (o)0.5 (f)13 ( )0.5 (D)0.6 (i)0.5 (r)0.5 (e)0.6 (c)0.5 (t)0.6 (o)0.5 (r)0.5 (s)0.5 (,)13.1 ( )0.5 (S)0.5 (u)0.6 (p)0.5 (e)0.5 (r)0.6 (v)0.5 (i)0.5 (s)0.5 (o)0.6 (r)0.5 (s)13 ( )0.6 (a)0.5 (n)0.5 (d)13 ( )0.6 (s)0.5 (e)0.5 (n)0.6 (i)0.5 (o)0.5 (r)44 ( )]TJ 0.041 Tc T* [(management)12.8 ( of)12.8 ( the)12.9 ( Company,)12.9 ( and)12.8 ( gave)12.8 ( them)12.8 ( a)12.8 ( penalty)12.9 ( of)12.9 ( RMB)12.8 (2)12.9 (0)12.8 (,)12.9 (4)12.8 (4)12.8 (0)12.9 ( in)12.9 ( total)16 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (according to the amount of the Transaction;)Tj 0.076 Tw -2.181 -2.462 Td [(\(2\) )-588.5 (Given that the expiry of the term of office, Mr. Gong Yong has retired f\ rom the )]TJ 0 Tw 2.181 -1.231 Td (position of Supervisor in the re-election;)Tj 0.033 Tc 0.075 Tw -2.181 -2.462 Td [(\()8 (3)8 (\))8 ( )-581.5 (The)8 ( )0.5 (Company)8 ( )0.5 (will)8 ( )0.5 (arrange)8 ( )0.5 (all)8 ( )0.5 (Directors)8 ( )0.5 (\(including)8 ( )0.5 (newly)8.1 ( )0.5 (appointed)8 ( )0.5 (Directors\),)8 ( )]TJ 0.029 Tc 0.079 Tw 2.181 -1.231 Td [(Supervisors)4 ( )0.5 (\(including)4 ( )0.5 (newly)4 ( )0.5 (appointed)4 ( )0.5 (Supervisors\))4 ( )0.5 (and)4 ( )0.5 (senior)4 ( )0.5 (management)4 ( )0.5 (of)4 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (the Company for training in:)Tj 0.046 Tc 0.07 Tw 0 -2.462 TD [(a)21 (.)21 ( )-1070.5 (Regulations)12.5 ( on)12.4 ( insider)12.5 ( trading,)12.4 ( market)12.4 ( manipulation)12.5 ( and)12.4 ( other)12.5 ( forbidden)21 ( )]TJ 0.025 Tc 0.073 Tw 2.18 -1.231 Td (practice in the Company Law of the People\222s Republic of China, Securi\ ties )Tj 0.039 Tc 0.07 Tw 0 -1.231 TD [(Law)12.6 ( of)12.6 ( the)12.7 ( People\222s)12.6 ( Republic)12.7 ( of)12.6 ( China,)12.7 ( Securities)12.6 ( and)12.7 ( Futures)12.7 ( Ordinance)14 ( )]TJ 0.025 Tc 0.069 Tw T* (\(Cap. 571 of the Laws of Hong Kong\), Hong Kong Listing Rules and other\ )Tj 0 Tw T* (laws and regulations;)Tj 0.022 Tc -2.18 -2.462 Td [(b)-3 (.)-3 ( )-1108.5 (Internal control guidance and management system of the Company, includin\ g)-3 ( )]TJ 0.04 Tc 0.07 Tw 2.18 -1.231 Td [(Rules)12.2 ( Governing)12.2 ( Changes)12.2 ( in)12.2 ( Shareholdings)12.2 ( of)12.2 ( Directors,)12.2 ( Supervisors)12.3 ( and)15 ( )]TJ 0.025 Tc 0 Tw T* (Senior Management;)Tj 0.06 Tc 0.07 Tw -4.361 -2.462 Td [(\()35 (4)35 (\))35 ( )-559.5 (The)12.5 ( Company)12.5 ( will)12.4 ( review)12.4 ( the)12.4 ( implementation)12.5 ( of)12.5 ( other)12.5 ( aspects)12.5 ( in)12.5 ( corporate)35.1 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.231 Td (governance to avoid similar events in the future.)Tj /T1_1 1 Tf -2.181 -2.462 Td (PURCHASE, SALE OR REDEMPTION OF SECURITIES)Tj /T1_0 1 Tf 0.063 Tc 0.07 Tw 0 -2.462 TD [(During)12.2 ( the)12.3 ( six)12.2 ( months)12.2 ( ended)12.2 ( 3)12.2 (0)12.3 ( June)12.3 ( 2)12.2 (0)12.3 (2)12.2 (0)12.2 (,)12.3 ( neither)12.2 ( the)12.3 ( Company)12.3 ( nor)12.2 ( any)12.3 ( of)12.2 ( its)38 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (subsidiaries repurchased, sold or redeemed any shares of the Company.)Tj ET endstream endobj 72 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 49 \226)Tj 0.034 Tw 13 0 0 13 56.6929 776.3179 Tm [(\(iv\) )-327.5 (The overall strategy and other key business, financial, and operational \ policies of )]TJ 0.028 Tc 0.08 Tw 2.181 -1.231 Td [(the)3.1 ( )0.5 (Company)3 ( )0.5 (are)3 ( )0.5 (made)3 ( )0.5 (collectively)3 ( )0.5 (after)3 ( )0.5 (thorough)3.1 ( )0.5 (discussion)3 ( )0.5 (at)3 ( )0.6 (both)3 ( )0.5 (Board)3 ( )0.5 (and)3 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (senior management levels.)Tj /T1_1 1 Tf -2.181 -2.462 Td (MODEL CODE FOR SECURITIES TRANSACTIONS)Tj /T1_0 1 Tf 0.052 Tc 0.07 Tw 0 -2.462 TD [(The)12.3 ( Company)12.2 ( has)12.2 ( adopted)12.2 ( a)12.2 ( code)12.2 ( of)12.2 ( conduct)12.2 ( regarding)12.2 ( securities)12.2 ( transactions)12.3 ( by)27 ( )]TJ 0.033 Tc 0.075 Tw 0 -1.231 TD [(Directors)8 ( )0.5 (and)8 ( )0.5 (Supervisors)8 ( )0.5 (on)8 ( )0.6 (the)8 ( )0.5 (required)8 ( )0.5 (standard)8 ( )0.5 (as)8 ( )0.5 (set)8 ( )0.5 (out)8 ( )0.5 (in)8 ( )0.5 (the)8 ( )0.5 (Model)8 ( )0.5 (Code)8 ( )0.5 (for)8 ( )]TJ 0.029 Tc 0.079 Tw 0 -1.231 TD [(Securities)4.1 ( )0.5 (Transactions)4 ( )0.5 (by)4 ( )0.5 (Directors)4.1 ( )0.5 (of)4.1 ( Listed)4 ( )0.5 (Issuers)4 ( )0.5 (\(the)4.1 ( )0.5 (\223)]TJ /T1_1 1 Tf [(Model)4 ( )0.5 (Code)]TJ /T1_0 1 Tf [(\224\))4 ( )0.5 (set)4 ( )0.5 (out)4 ( )0.5 (in)4 ( )]TJ 0.042 Tc 0.07 Tw T* [(Appendix)12.4 ( 1)12.4 (0)12.5 ( to)12.5 ( the)12.4 ( Hong)12.5 ( Kong)12.4 ( Listing)12.4 ( Rules.)12.5 ( Having)12.5 ( made)12.4 ( specific)12.4 ( enquiry)12.4 ( to)12.5 ( all)17 ( )]TJ 0.039 Tc T* [(Directors)12.4 ( and)12.3 ( Supervisors,)12.3 ( the)12.4 ( Company)12.3 ( confirms)12.3 ( that)12.3 ( save)12.4 ( as)12.3 ( disclosed)12.3 ( below,)12.3 ( the)14.1 ( )]TJ 0.035 Tc 0.073 Tw T* [(D)0.5 (i)0.5 (r)0.5 (e)0.6 (c)0.5 (t)0.5 (o)0.5 (r)0.5 (s)10 ( )0.5 (a)0.5 (n)0.6 (d)10 ( )0.5 (S)0.5 (u)0.5 (p)0.5 (e)0.5 (r)0.5 (v)0.5 (i)0.5 (s)0.5 (o)0.5 (r)0.5 (s)10.1 ( )0.5 (h)0.5 (a)0.5 (v)0.5 (e)10 ( )0.5 (c)0.6 (o)0.5 (m)0.5 (p)0.5 (l)0.5 (i)0.5 (e)0.5 (d)10 ( )0.5 (w)0.5 (i)0.5 (t)0.5 (h)10 ( )0.5 (t)0.6 (h)0.5 (e)10 ( )0.5 (s)0.5 (t)0.5 (a)0.5 (n)0.5 (d)0.5 (a)0.5 (r)0.6 (d)0.5 (s)10 ( )0.5 (r)0.5 (e)0.5 (g)0.5 (a)0.6 (r)0.5 (d)0.5 (i)0.5 (n)0.5 (g)10 ( )0.5 (t)0.5 (h)0.5 (e)10 ( )0.5 (s)0.5 (e)0.6 (c)0.5 (u)0.5 (r)0.5 (i)0.5 (t)0.5 (i)0.5 (e)0.5 (s)10 ( )]TJ 0.025 Tc 0.076 Tw T* (transactions by Directors and Supervisors as set out in the Model Code a\ s of 30 June )Tj -0.025 Tw T* (2020.)Tj /T1_1 1 Tf 0.031 Tc 0.077 Tw 0 -2.462 TD [(Issues)6 ( )0.5 (about)6.1 ( )0.5 (Supervisors)6 ( )0.5 (and)6 ( )0.5 (their)6 ( )0.5 (spouses)6 ( )0.6 (violating)6 ( )0.5 (regulations)6 ( )0.5 (on)6 ( )0.5 (prohibitions)6 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (against dealing stocks during the Reporting Period)Tj /T1_0 1 Tf 0.019 Tw 0 -2.462 TD (According to the Model Code and Rules 13.67 and 19A.07B of the Hong Kong\ Listing )Tj 0.049 Tw 0 -1.231 TD (Rules, Directors and Supervisors \(including their spouses\) are not all\ owed to deal any )Tj 0.071 Tw 0 -1.231 TD [(securities of )0.5 (the listed issuers )0.5 (\(i\) on the date )0.5 (when listing issuers )0.5 (publish )0.5 (its )0.5 (financial )]TJ 0.046 Tw 0 -1.231 TD (results or the following period \(60 days before the annual results are \ published, or the )Tj 0.031 Tc 0.077 Tw T* [(period)6 ( )0.5 (from)6 ( )0.5 (the)6.1 ( )0.5 (end)6 ( )0.5 (of)6 ( )0.5 (relevant)6.1 ( )0.5 (financial)6 ( )0.5 (year)6 ( )0.5 (to)6 ( )0.5 (the)6 ( )0.5 (date)6 ( )0.5 (when)6 ( )0.5 (results)6 ( )0.5 (are)6 ( )0.5 (published)6 ( )]TJ 0.036 Tc 0.072 Tw T* [(\(whichever)11 ( )0.5 (is)11 ( )0.5 (earlier\)\),)11 ( )0.5 (and)11 ( )0.5 (\(ii\))11 ( )0.5 (3)11 (0)11 ( )0.5 (days)11 ( )0.5 (before)11.1 ( )0.5 (quarterly)11 ( )0.5 (results)11 ( )0.5 (\(if)11 ( )0.5 (any\))11 ( )0.5 (and)11 ( )0.5 (interim)11 ( )]TJ 0.025 Tc 0.017 Tw T* (results are published, or the period from the end of relevant quarterly \ or interim period )Tj 0.056 Tw T* (to the date when results are published \(whichever is earlier\). On 22 J\ anuary 2020, the )Tj 0.04 Tw T* (Company informed all Directors, Supervisors and senior management of the\ Company )Tj 0.024 Tc 0 Tw T* [(through email of issues about prohibition against dealing stocks of the \ Company during)-1 ( )]TJ 0.025 Tc T* (the period \(\223)Tj /T1_1 1 Tf (Blackout Period)Tj /T1_0 1 Tf (\224\) from 60 days before the annual results are published to )Tj T* (30 days before quarterly results are published, being 30 January to 30 A\ pril 2020.)Tj 0.065 Tc 0.07 Tw 0 -2.462 TD [(On)12.7 ( 1)12.7 (0)12.8 ( February)12.8 ( 2)12.8 (0)12.7 (2)12.8 (0)12.7 (,)12.8 ( Ms.)12.7 ( Tang)12.8 ( Meiling,)12.8 ( spouse)12.8 ( of)12.8 ( Mr.)12.7 ( Gong)12.8 ( Yong)12.8 ( who)12.7 ( is)12.8 ( the)40 ( )]TJ 0.025 Tc 0.065 Tw 0 -1.231 TD (chairman of the board of Supervisors of the Company, purchased 400 A sha\ res of the )Tj 0.032 Tw T* (Company at the average price of RMB51.10/share with the total transactio\ n amount of )Tj 0.068 Tw T* (RMB20,440 without informing the chairman and the Board \(\223)Tj /T1_1 1 Tf (the Transaction)Tj /T1_0 1 Tf (\224\). The )Tj 0.04 Tc 0.07 Tw 0 -1.231 TD [(T)0.5 (r)0.6 (a)0.5 (n)0.5 (s)0.5 (a)0.5 (c)0.6 (t)0.5 (i)0.5 (o)0.5 (n)13 ( )0.5 (v)0.6 (i)0.5 (o)0.5 (l)0.5 (a)0.5 (t)0.5 (e)0.6 (d)13 ( )0.5 (r)0.5 (e)0.6 (l)0.5 (e)0.5 (v)0.5 (a)0.5 (n)0.6 (t)13 ( )0.5 (r)0.5 (e)0.5 (g)0.5 (u)0.5 (l)0.6 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.6 (s)13 ( )0.5 (t)0.5 (h)0.5 (a)0.6 (t)13 ( )0.5 (S)0.5 (u)0.5 (p)0.5 (e)0.5 (r)0.6 (v)0.5 (i)0.5 (s)0.5 (o)0.5 (r)0.6 (s)13 ( )0.5 (a)0.5 (n)0.5 (d)13.1 ( )0.5 (t)0.5 (h)0.5 (e)0.5 (i)0.6 (r)13 ( )0.5 (s)0.5 (p)0.5 (o)0.5 (u)0.6 (s)0.5 (e)0.5 (s)13 ( )0.5 (a)0.6 (r)0.5 (e)13 ( )0.5 (n)0.6 (o)0.5 (t)15 ( )]TJ 0.033 Tc 0.075 Tw 0 -1.231 TD [(allowed)8 ( )0.5 (to)8 ( )0.5 (deal)8 ( )0.5 (stocks)8 ( )0.5 (of)8 ( )0.5 (the)8 ( )0.5 (Company)8 ( )0.5 (during)8 ( )0.5 (the)8 ( )0.5 (Blackout)8 ( )0.5 (Period.)8 ( )0.5 (The)8 ( )0.5 (Transaction)8 ( )]TJ 0.025 Tc 0.081 Tw T* (has been examined by the Company. Apart from that, no other directors, s\ upervisors, )Tj 0.051 Tc 0.07 Tw T* [(their)12.4 ( spouses)12.4 ( or)12.5 ( other)12.4 ( related)12.4 ( people)12.5 ( violated)12.5 ( the)12.5 ( regulations)12.4 ( during)12.4 ( the)12.4 ( Blackout)26 ( )]TJ 0.023 Tc 0 Tw T* [(P)0.5 (e)0.5 (r)0.5 (i)0.5 (o)0.5 (d)0.6 (.)0.5 ( )0.5 (F)0.5 (u)0.5 (r)0.5 (t)0.5 (h)0.5 (e)0.5 (r)0.5 (m)0.5 (o)0.5 (r)0.5 (e)0.6 (,)0.5 ( )0.5 (M)0.5 (s)0.5 (.)0.5 ( )0.5 (T)0.5 (a)0.5 (n)0.5 (g)0.5 ( )0.5 (M)0.6 (e)0.5 (i)0.5 (l)0.5 (i)0.5 (n)0.5 (g)0.5 (,)0.5 ( )0.5 (s)0.5 (p)0.5 (o)0.5 (u)0.5 (s)0.6 (e)0.5 ( )0.5 (o)0.5 (f)0.5 ( )0.5 (M)0.5 (r)0.5 (.)0.5 ( )0.5 (G)0.5 (o)0.5 (n)0.6 (g)0.5 ( )0.5 (Y)0.5 (o)0.5 (n)0.5 (g)0.5 (,)0.5 ( )0.5 (c)0.5 (a)0.5 (n)0.5 (n)0.6 (ot)0.6 ( )0.5 (i)0.5 (m)0.5 (m)0.5 (e)0.5 (d)0.5 (i)0.5 (a)0.5 (t)0.5 (e)0.6 (l)0.5 (y)-2.1 ( )]TJ 0.033 Tc 0.075 Tw T* [(sell)8 ( )0.5 (her)8 ( )0.5 (A)8 ( )0.5 (shares)8 ( )0.5 (of)8 ( )0.5 (the)8 ( )0.5 (Company)8 ( )0.5 (purchased)8 ( )0.5 (through)8 ( )0.5 (the)8.1 ( )0.5 (Transaction)8 ( )0.5 (currently)8 ( )0.5 (since)8 ( )]TJ 0.025 Tc 0.052 Tw T* (Article 47 of Security Law of the People\222s Republic of China specifie\ s that Directors, )Tj 0.036 Tc 0.072 Tw T* [(Supervisors)11.1 ( and)10.9 ( )0.6 (senior)11 ( )0.5 (management)11 ( )0.5 (of)11 ( )0.5 (a)11 ( )0.5 (listed)11 ( )0.5 (company)11 ( )0.5 (are)11 ( )0.5 (prohibited)11 ( )0.5 (from)11 ( )0.5 (selling)11 ( )]TJ 0.026 Tc 0.082 Tw T* [(its)1 ( )0.5 (shares)1 ( )0.5 (within)1 ( )0.5 (six)1 ( )0.5 (months)1 ( )0.5 (after)1 ( )0.5 (purchasing)1 ( )0.5 (the)1 ( )0.5 (shares,)1 ( )0.5 (or)1 ( )0.5 (purchase)1 ( )0.5 (the)1 ( )0.5 (shares)1 ( )0.5 (again)1 ( )]TJ 0.025 Tc 0 Tw T* (within six months after selling them.)Tj ET endstream endobj 71 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 48 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (Compliance with the Corporate Governance Code)Tj /T1_0 1 Tf 0.079 Tc 0.07 Tw 0 -2.385 TD [(The)12.9 ( Company)12.8 ( is)12.9 ( firmly)12.9 ( committed)12.9 ( to)12.9 ( achieving)12.9 ( and)12.8 ( maintaining)12.9 ( high)12.9 ( overall)54 ( )]TJ 0.076 Tc 0 -1.192 TD [(standards)12.6 ( of)12.6 ( corporate)12.6 ( governance)12.5 ( through)12.6 ( continuous)12.6 ( effort)12.6 ( in)12.5 ( improving)12.6 ( its)51 ( )]TJ 0.032 Tc 0.076 Tw 0 -1.192 TD [(corporate)7 ( )0.5 (governance)7 ( )0.5 (practices)7 ( )0.6 (and)7 ( )0.5 (processes.)7 ( )0.5 (Through)7 ( )0.6 (the)7 ( )0.5 (establishment)7 ( )0.5 (of)7 ( )0.5 (a)7 ( )0.5 (sound)7 ( )]TJ 0.064 Tc 0.07 Tw T* [(and)12.7 ( effective)12.7 ( corporate)12.8 ( governance)12.7 ( framework,)12.7 ( the)12.8 ( Company)12.8 ( strives)12.7 ( to)12.7 ( achieve)39 ( )]TJ 0.062 Tc T* [(completeness)12 ( and)12 ( transparency)12 ( in)12 ( its)12.1 ( information)12.1 ( disclosure)12.1 ( and)12.1 ( enhance)12.1 ( stable)37.1 ( )]TJ 0.034 Tc 0.074 Tw 0 -1.192 TD [(operation,)9 ( )0.5 (so)9 ( )0.5 (as)9 ( )0.5 (to)9 ( )0.5 (safeguard)9 ( )0.5 (the)9 ( )0.5 (interests)9 ( )0.5 (of)9 ( )0.5 (the)9.1 ( )0.5 (Shareholders)9 ( )0.5 (to)9 ( )0.5 (the)9 ( )0.5 (greatest)8.9 ( )0.6 (extent.)9 ( )]TJ 0.025 Tc 0.064 Tw 0 -1.192 TD (The Company has adopted all code provisions and principles of the code o\ f corporate )Tj 0.049 Tw T* (governance as set out in the Corporate Governance Code contained in Appe\ ndix 14 to )Tj 0.065 Tw T* (the Rules Governing the Listing of Securities on The Stock Exchange of \ Hong Kong )Tj 0.04 Tc 0.07 Tw 0 -1.192 TD [(Limited)12.5 ( \(the)12.5 ( \223)]TJ /T1_1 1 Tf [(Hong)12.5 ( Kong)12.5 ( Listing)12.5 ( Rules)]TJ /T1_0 1 Tf [(\224\))12.5 ( as)12.5 ( the)12.5 ( basis)12.5 ( of)12.5 ( its)12.5 ( corporate)12.5 ( governance)15 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.192 TD (practices.)Tj 0 Tw 0 -2.385 TD (Other than the deviation from code provision A.2.1 of the Corporate Gove\ rnance Code, )Tj 0.039 Tc 0.07 Tw 0 -1.192 TD [(the)12.2 ( Company)12.3 ( has)12.2 ( complied)12.2 ( with)12.2 ( the)12.2 ( principle)12.2 ( and)12.2 ( code)12.2 ( provisions)12.2 ( of)12.2 ( the)12.2 ( Corporate)14.1 ( )]TJ 0.025 Tc 0 Tw 0 -1.192 TD (Governance Code as set out in Appendix 14 to the Hong Kong Listing Rules\ during the )Tj 0 -1.192 TD (six months ended 30 June 2020.)Tj /T1_1 1 Tf 0 -2.385 TD (Deviation from Code Provision A.2.1 of Corporate Governance Code)Tj /T1_0 1 Tf 0.052 Tc 0.07 Tw 0 -2.385 TD [(Mr.)12.7 ( Li)12.7 ( Liangbin)12.7 ( is)12.7 ( the)12.7 ( chairman)12.7 ( of)12.7 ( the)12.7 ( Board)12.7 ( and)12.6 ( the)12.7 ( President)12.6 ( of)12.7 ( our)12.7 ( Company.)27 ( )]TJ 0.027 Tc 0.081 Tw 0 -1.192 TD [(W)0.5 (it)0.5 (h)1.9 ( )0.5 (e)0.5 (xt)0.5 (en)0.5 (si)0.5 (ve)2 ( )0.5 (e)0.5 (xp)0.5 (e)0.5 (ri)0.5 (en)0.5 (ce)2 ( )0.5 (i)0.5 (n)2 ( )0.5 (th)0.5 (e)2 ( l)0.5 (it)0.5 (hi)0.5 (um)2 ( )0.5 (i)0.5 (nd)0.5 (ust)0.5 (r)0.5 (y,)2 ( )0.5 (Mr)0.5 (.)2 ( )0.5 (Li)2 ( )0.5 (Li)0.5 (a)0.5 (ng)0.5 (bi)0.5 (n)1.9 ( )0.5 (i)0.5 (s)2 ( )0.5 (re)0.5 (sp)0.5 (on)0.5 (si)0.5 (bl)0.5 (e)2 ( )0.5 (fo)0.5 (r)2 ( )]TJ 0.045 Tc 0.07 Tw T* [(the)12.3 ( overall)12.3 ( management)12.2 ( of)12.3 ( our)12.3 ( Company\222s)12.3 ( business)12.3 ( strategies)12.3 ( and)12.3 ( operations.)12.3 ( The)20 ( )]TJ 0.054 Tc 0 -1.192 TD [(Company)12.1 ( believes)12.1 ( that)12.1 ( he)12.1 ( is)12.1 ( instrumental)12.2 ( to)12.2 ( the)12.1 ( Company\222s)12.1 ( growth)12.2 ( and)12.1 ( business)29 ( )]TJ 0.061 Tc 0 -1.192 TD [(expansion)12.4 ( since)12.4 ( its)12.4 ( establishment)12.4 ( in)12.4 ( 2)12.4 (0)12.4 (0)12.4 (0)12.4 (.)12.4 ( The)12.5 ( Board)12.4 ( considers)12.4 ( that)12.4 ( vesting)12.4 ( the)36 ( )]TJ 0.035 Tc 0.073 Tw T* [(roles)10 ( )0.5 (of)10 ( )0.5 (chairman)10.1 ( of)10 ( )0.5 (the)10 ( )0.5 (Board)10 ( )0.5 (and)10 ( )0.5 (President)10 ( )0.5 (in)10 ( )0.5 (the)10.1 ( )0.5 (same)10 ( )0.5 (person)10 ( )0.5 (is)10 ( )0.5 (beneficial)10 ( )0.5 (to)10 ( )0.5 (the)10 ( )]TJ 0.034 Tc 0.074 Tw T* [(management)9 ( )0.5 (of)9 ( )0.5 (our)9 ( )0.5 (Company.)9 ( )0.5 (The)9 ( )0.5 (Company)9 ( )0.5 (believes)9 ( )0.5 (that)9 ( )0.6 (the)9 ( )0.5 (balance)9 ( )0.5 (of)8.9 ( )0.6 (power)9 ( )0.5 (and)9 ( )]TJ 0.025 Tc 0.075 Tw T* [(authority is )0.5 (ensured )0.5 (by the )0.5 (operation )0.5 (of the )0.5 (senior )0.5 (management )0.5 (and )0.5 (the )0.5 (Board, )0.5 (which )]TJ 0.048 Tw 0 -1.192 TD (comprises experienced and high-caliber individuals. After the re-electio\ n of the Board )Tj 0.04 Tc 0.07 Tw 0 -1.192 TD [(on)12.4 ( 2)12.4 (4)12.4 ( March)12.4 ( 2)12.4 (0)12.3 (2)12.4 (0)12.4 (,)12.4 ( the)12.4 ( Board)12.4 ( comprises)12.4 ( four)12.4 ( executive)12.4 ( Directors)12.4 ( \(including)12.4 ( Mr.)12.3 ( Li)15 ( )]TJ 0.025 Tc 0.035 Tw T* (Liangbin\), two non-executive Directors and four independent non-executi\ ve Directors. )Tj 0.062 Tc 0.07 Tw T* [(The)12.3 ( Board)12.2 ( believes)12.2 ( that)12.3 ( this)12.3 ( structure)12.3 ( will)12.3 ( not)12.3 ( impair)12.2 ( the)12.3 ( balance)12.2 ( of)12.3 ( power)12.3 ( and)37 ( )]TJ 0.025 Tc 0 Tw 0 -1.192 TD (authority between the Board and the management of the Company, given tha\ t:)Tj 0.037 Tc 0.071 Tw 0 -2.385 TD [(\()12 (i)12 (\))12 ( )-803.5 (There)12 ( )0.5 (is)12 ( )0.5 (sufficient)12 ( )0.5 (check)12 ( )0.5 (and)12 ( )0.5 (balance)12 ( )0.5 (in)12 ( )0.5 (the)12 ( )0.5 (Board)12 ( )0.5 (as)12 ( )0.5 (the)12 ( )0.5 (decisions)12 ( )0.5 (to)12 ( )0.5 (be)12 ( )0.5 (made)12.1 ( )]TJ 0.025 Tc 0.045 Tw 2.181 -1.192 Td (by the Board require approval by at least a majority of the Directors an\ d after 24 )Tj 0.029 Tc 0.079 Tw 0 -1.192 TD [(March)4 ( )0.5 (2)4 (0)4 (2)4 (0)4 (,)4 ( )0.5 (the)4 ( )0.5 (Board)4 ( )0.5 (has)4.1 ( )0.5 (four)4 ( )0.5 (independent)4 ( )0.6 (non-executive)4 ( )0.5 (Directors)4 ( )0.5 (out)4 ( )0.5 (of)4 ( )0.5 (the)4 ( )]TJ 0.025 Tc 0 Tw 0 -1.192 TD (ten Directors, which is in compliance with the Hong Kong Listing Rules;)Tj 0.015 Tw -2.181 -2.385 Td [(\(ii\) )-568.5 (Mr. Li Liangbin and the other Directors are aware of and undertake to fu\ lfill their )]TJ 0.04 Tw 2.181 -1.192 Td (fiduciary duties as Directors, which require, among other things, that t\ hey act for )Tj 0.038 Tc 0.07 Tw T* [(the)12.6 ( benefit)12.6 ( and)12.5 ( in)12.6 ( the)12.5 ( best)12.6 ( interest)12.5 ( of)12.6 ( the)12.5 ( Company)12.5 ( and)12.6 ( make)12.6 ( decisions)12.6 ( for)12.5 ( the)13 ( )]TJ 0.025 Tc 0 Tw 0 -1.192 TD (Company accordingly;)Tj 0.043 Tc 0.07 Tw -2.181 -2.385 Td [(\()18 (i)18 (i)18 (i)18 (\))18 ( )-192.5 (The)12.4 ( balance)12.4 ( of)12.4 ( power)12.4 ( and)12.4 ( authority)12.5 ( is)12.4 ( ensured)12.4 ( by)12.5 ( the)12.5 ( operations)12.5 ( of)12.4 ( the)12.5 ( Board)18 ( )]TJ 0.025 Tc 0.068 Tw 2.181 -1.192 Td (which comprises experienced and high-caliber individuals who meet regula\ rly to )Tj 0 Tw 0 -1.231 TD (discuss issues affecting the operations of the Company; and)Tj ET endstream endobj 70 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 47 \226)Tj 0.031 Tc 0.077 Tw 13 0 0 13 56.6929 776.3179 Tm [(amounted)6 ( )0.5 (to)6 ( )0.5 (USD)6.1 (4)6 (0)6 (,)6 (4)6 (4)6 (0)6 (,)6 (0)6 (0)6 (0)6 (.)6 ( )0.5 (As)6 ( )0.5 (at)6 ( )0.5 (3)6 (0)6 ( )0.6 (June)6 ( )0.5 (2)6 (0)6 (2)6 (0)6 (,)6.1 ( )0.5 (the)6 ( )0.5 (Company)6 ( )0.5 (utilized)6 ( )0.5 (proceeds)6 ( )0.5 (of)6 ( )]TJ 0.025 Tc 0.014 Tw 0 -1.231 TD (USD410,092,659 in aggregate and the balance of unutilized proceeds is ni\ l. During the )Tj 0.013 Tw T* (Reporting Period, the Company utilized proceeds of approximately USD40,\ 440,000 in )Tj 0.076 Tw T* [(aggregate \(the utilized proceeds in aggregate includes )0.5 (interest income )0.5 (generated from )]TJ 0.012 Tw T* (proceeds deposited with the designated proceeds account\). The use of pr\ oceeds from H )Tj 0 Tw T* (shares of the Company is as follows:)Tj /T1_1 1 Tf 10.4 0 0 13 56.6929 664.3179 Tm (Use of proceeds disclosed in the )Tj -0.025 Tw T* (prospectus)Tj 0 Tw 18.664 1.231 Td (Percentage use )Tj 1.574 -1.231 Td (of proceeds )Tj -1.766 -1.231 Td (disclosed in the )Tj -0.025 Tw 2.04 -1.231 Td (prospectus)Tj 0 Tw 5.654 3.692 Td (Usage details)Tj 11.853 0 Td (Amount used as at )Tj 2.486 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf -40.505 -3.692 Td (\(i\) Investments and acquisitions of )Tj 1.008 -1.231 Td (upstream lithium resources; and )Tj T* (\(ii\) funding capital expenditure in )Tj 0 -1.231 TD (connection with the exploration of )Tj 0.018 Tc 0 -1.231 TD [(upstream lithium resources as well as)-7 ( )]TJ 0.024 Tc T* [(the expansion of production capacity)-1 ( )]TJ 0.025 Tc T* (of lithium compounds, lithium )Tj T* (metals, lithium batteries and lithium )Tj -0.025 Tw T* (recycling.)Tj 22.457 9.846 Td (58% )Tj -4.472 -1.231 Td (Approximately )Tj -0.97 -1.231 Td (USD234,550,000 )Tj 0 Tw 8.143 2.462 Td ( \(i\) Acquisition of )Tj 0.021 Tc 1.008 -1.231 Td [(37.5% equity interests)-4 ( )]TJ 0.025 Tc T* (in the Cauchari-)Tj 0 -1.231 TD (Olaroz Project and )Tj 0 -1.231 TD (provision of loans )Tj T* (for the project; \(ii\) )Tj T* (Construction of the )Tj T* (17,500-tonne lithium )Tj T* (carbonate production )Tj T* (line in Ningdu; \(iii\) )Tj T* (Power battery project )Tj T* (construction; and )Tj T* (\(iv\) Lithium battery )Tj T* (recycling project )Tj -0.025 Tw T* (construction)Tj 11.836 17.231 Td (USD234,550,000 )Tj 0 Tw 1.473 -1.231 Td (\(equivalent to )Tj -0.025 Tw -2.854 -1.231 Td (RMB1,626,235,582\))Tj 0 Tw -37.63 -17.231 Td (Intended to be used to provide )Tj 1.254 -1.231 Td (financial assistance to Lithium )Tj T* (Americas Corp., which will use the )Tj T* (funds to cover capital expenditure )Tj T* (for construction of the Cauchari-)Tj T* (Olaroz Project)Tj -0.025 Tw 22.211 6.154 Td (22% )Tj -4.472 -1.231 Td (Approximately )Tj -0.445 -1.231 Td (USD88,970,000)Tj 0 Tw 7.618 2.462 Td (Intended to be used )Tj 1.008 -1.231 Td (to provide financial )Tj T* (assistance to Lithium )Tj T* (Americas Corp., )Tj T* (which is used for )Tj T* (development loan of )Tj T* (the Cauchari-Olaroz )Tj -0.025 Tw T* (Project)Tj 12.361 8.615 Td (USD88,970,000 )Tj 0 Tw 0.948 -1.231 Td (\(equivalent to )Tj -0.025 Tw -2.054 -1.231 Td (RMB616,867,106\))Tj 0 Tw -38.43 -7.385 Td (Intended to be used for our research )Tj 1.254 -1.231 Td (and development efforts, in )Tj T* (particular on solid-state lithium )Tj -0.025 Tw T* (batteries)Tj 22.211 3.692 Td (10% )Tj -4.472 -1.231 Td (Approximately )Tj -0.445 -1.231 Td (USD40,440,000)Tj 0 Tw 7.618 2.462 Td (Intended to be used )Tj 1.008 -1.231 Td (for our research and )Tj T* (development costs)Tj -0.025 Tw 12.361 2.462 Td (USD40,440,000 )Tj 0 Tw 1.306 -1.231 Td (equivalent to )Tj -0.025 Tw -2.77 -1.231 Td (\(RMB284,206,254\))Tj 0 Tw -38.072 -3.692 Td (General corporate purposes)Tj -0.025 Tw 23.465 0 Td (10% )Tj -4.472 -1.231 Td (Approximately )Tj -0.445 -1.231 Td (USD40,440,000)Tj 0 Tw 7.618 2.462 Td (Used as general )Tj 1.008 -1.231 Td (operating purposes of )Tj 0 -1.231 TD (the Company)Tj -0.025 Tw 12.361 2.462 Td (USD46,132,659 )Tj 0 Tw 0.948 -1.231 Td (\(equivalent to )Tj -0.025 Tw -2.054 -1.231 Td (RMB319,857,479\))Tj 0 Tw 1.035 -1.231 Td (\(include interest )Tj -1.467 -1.231 Td (income of deposits\))Tj ET endstream endobj 66 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 46 \226)Tj /T1_1 1 Tf 13 0 3.4833 13 55.3588 776.409 Tm (Acquisition of equity in Ganzhou Tengyuan Cobalt New Material Co., Ltd.)Tj /T1_0 1 Tf 0.047 Tc 0.07 Tw 13 0 0 13 56.6929 744.409 Tm [(In)12.3 ( June)12.3 ( 2)12.2 (0)12.3 (2)12.2 (0)12.2 (,)12.2 ( the)12.3 ( Group)12.2 ( successfully)12.3 ( won)12.2 ( 6)12.2 (,)12.2 (5)12.3 (1)12.2 (4)12.2 (,)12.2 (5)12.3 (5)12.2 (3)12.2 ( shares)12.2 ( of)12.2 ( Ganzhou)12.2 ( Tengyuan)22 ( )]TJ 0.025 Tc 0.042 Tw 0 -1.231 TD (Cobalt New Material Co., Ltd. held by Xinyu High-tech Investment Co., Lt\ d., with its )Tj 0.054 Tw T* (own capital of RMB300.117 million in Jiangxi Province Assets and Equity \ Exchange. )Tj 0.061 Tc 0.07 Tw T* [(Upon)12.2 ( the)12.2 ( completion)12.2 ( of)12.2 ( the)12.2 ( transaction,)12.3 ( the)12.3 ( Company)12.2 ( will)12.2 ( hold)12.2 ( 6)12.2 (.)12.2 (8)12.2 (9)12.3 (6)12.2 (6)12.2 (%)12.2 ( equity)36 ( )]TJ 0.025 Tc 0 Tw T* (interests in Ganzhou Tengyuan Cobalt New Material Co., Ltd.)Tj /T1_1 1 Tf 0 -2.462 TD (Significant event after the Reporting Period)Tj /T1_0 1 Tf 0.063 Tc 0.07 Tw 0 -2.462 TD [(Approved)12.9 ( by)12.9 ( China)12.9 ( )0.5 (Securities)12.9 ( Regulatory)12.9 ( Co)0.5 (mmi)0.5 (ssion)12.8 ( )0.5 (on)12.9 ( 1)12.9 (3)12.9 ( July)12.9 ( 2)12.9 (0)12.9 (2)12.9 (0)12.9 ( and)12.9 ( the)38 ( )]TJ 0.025 Tc 0.065 Tw 0 -1.231 TD (Shareholders on a general meeting of the Company on 13 August 2019, the \ Company )Tj 0.029 Tw T* (publicly issued A share convertible bonds with a nominal value of RMB2,1\ 08,000,000 )Tj 0 Tw T* (on 6 August 2020.)Tj /T1_1 1 Tf 0 -2.462 TD (USE OF PROCEEDS FROM THE H SHARES OF THE COMPANY)Tj /T1_0 1 Tf 0.059 Tc 0.07 Tw T* [(The)12.3 ( H)12.2 ( shares)12.2 ( of)12.3 ( the)12.3 ( Company)12.2 ( was)12.2 ( listed)12.2 ( on)12.3 ( The)12.3 ( Stock)12.2 ( Exchange)12.2 ( of)12.3 ( Hong)12.2 ( Kong)34 ( )]TJ 0.057 Tc 0 -1.231 TD [(Limited)12.1 ( \(the)12.2 ( \223)]TJ /T1_1 1 Tf [(Hong)12.2 ( Kong)12.1 ( Stock)12.1 ( Exchange)]TJ /T1_0 1 Tf [(\224\)in)12.2 ( October)12.2 ( 2)12.2 (0)12.1 (1)12.2 (8)12.1 (,)12.2 ( and)12.2 ( the)12.2 ( Company)32 ( )]TJ T* [(obtained)12.1 ( net)12.2 ( proceeds)12.2 ( of)12.1 ( USD)12.2 (4)12.1 (0)12.2 (4)12.1 (,)12.2 (4)12.1 (0)12.2 (0)12.1 (,)12.2 (5)12.1 (0)12.2 (0)12.1 ( from)12.2 ( such)12.2 ( H)12.2 ( shares.)12.2 ( According)12.1 ( to)12.2 ( the)32.1 ( )]TJ 0.033 Tc 0.075 Tw T* [(plan)8 ( )0.5 (on)8 ( )0.5 (use)8 ( )0.5 (of)8 ( )0.5 (proceeds)8.1 ( )0.5 (as)8.1 ( )0.5 (set)8 ( )0.5 (out)8 ( )0.5 (in)8 ( )0.5 (the)8 ( )0.5 (Prospectus)8 ( )0.5 (of)8 ( )0.5 (the)8.1 ( )0.5 (Company,)7.9 ( )0.6 (approximately)8 ( )]TJ 0.041 Tc 0.07 Tw T* [(5)12.7 (8)12.6 (%)12.7 ( of)12.7 ( the)12.7 ( net)12.6 ( proceeds)12.7 ( is)12.7 ( intended)12.7 ( to)12.7 ( be)12.6 ( used)12.7 ( for)12.7 ( \(i\))12.6 ( investments)12.6 ( and)12.7 ( acquisitions)16 ( )]TJ 0.048 Tc 0 -1.231 TD [(of)12.8 ( upstream)12.8 ( lithium)12.9 ( resources,)12.8 ( and)12.9 ( \(ii\))12.9 ( funding)12.9 ( capital)12.9 ( expenditures)12.8 ( in)12.9 ( connection)23 ( )]TJ 0.063 Tc 0 -1.231 TD [(with)12.6 ( the)12.6 ( exploration)12.6 ( of)12.5 ( upstream)12.6 ( lithium)12.6 ( resources,)12.5 ( as)12.6 ( well)12.6 ( as)12.5 ( the)12.5 ( expansion)12.5 ( of)38 ( )]TJ 0.059 Tc T* [(production)12.8 ( capacity)12.8 ( of)12.8 ( lithium)12.8 ( compounds,)12.8 ( lithium)12.8 ( metals,)12.8 ( lithium)12.8 ( batteries)12.9 ( and)34 ( )]TJ 0.041 Tc T* [(lithium)12.5 ( recycling;)12.5 ( approximately)12.4 ( 2)12.5 (2)12.5 (%)12.5 ( of)12.5 ( the)12.5 ( net)12.5 ( proceeds)12.5 ( is)12.5 ( intended)12.5 ( to)12.5 ( be)12.6 ( used)12.5 ( to)16 ( )]TJ 0.044 Tc T* [(p)0.5 (ro)0.5 (v)0.5 (id)0.5 (e)13 ( f)0.5 (i)0.5 (n)0.5 (an)0.5 (c)0.5 (ia)0.5 (l)13 ( )0.5 (as)0.5 (s)0.5 (is)0.5 (t)0.5 (a)0.5 (nc)0.5 (e)13 ( )0.5 (to)13 ( )0.5 (Li)0.5 (t)0.5 (hi)0.5 (u)0.5 (m)12.9 ( )0.5 (A)0.5 (me)0.5 (r)0.5 (i)0.5 (ca)0.5 (s)13 ( )0.5 (Co)0.5 (r)0.5 (p.)0.5 (;)13 ( a)0.5 (p)0.5 (p)0.5 (ro)0.5 (xi)0.5 (m)0.5 (a)0.5 (te)0.5 (l)0.5 (y)12.9 ( )0.5 (1)13 (0)12.9 (%)13 ( )0.5 (of)13 ( )0.5 (t)0.5 (he)19 ( )]TJ 0.049 Tc T* [(ne)0.5 (t)12.9 ( p)0.5 (roc)0.5 (ee)0.5 (ds)12.9 ( )0.5 (is)12.9 ( )0.5 (int)0.5 (end)0.5 (ed)13 ( to)12.9 ( )0.5 (be)13 ( use)0.5 (d)12.9 ( )0.5 (for)13 ( ou)0.5 (r)12.9 ( r)0.5 (es)0.5 (ea)0.5 (rch)13 ( an)0.5 (d)12.9 ( d)0.5 (eve)0.5 (lop)0.5 (men)0.5 (t)12.9 ( e)0.5 (ff)0.5 (ort)0.5 (s,)12.9 ( )0.5 (and)24 ( )]TJ 0.047 Tc T* [(approximately)12.5 ( 1)12.5 (0)12.5 (%)12.5 ( of)12.5 ( net)12.5 ( proceeds)12.5 ( is)12.5 ( intended)12.5 ( to)12.5 ( be)12.5 ( used)12.5 ( for)12.5 ( our)12.5 ( working)12.5 ( capital)22 ( )]TJ 0.046 Tc T* [(and)12.1 ( general)12.2 ( corporate)12.2 ( purposes.)12.1 ( As)12.2 ( at)12.1 ( 3)12.2 (1)12.1 ( December)12.1 ( 2)12.1 (0)12.2 (1)12.1 (9)12.1 (,)12.1 ( the)12.1 ( balance)12.1 ( of)12.2 ( proceeds)21.1 ( )]TJ ET endstream endobj 55 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 56 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 57 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 58 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 59 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 84 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 45 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (OTHER MATTERS)Tj 0 -2.462 TD (Significant Equity Acquisitions and Investments During the Reporting Per\ iod)Tj 13 0 3.4833 13 55.3588 712.409 Tm (Acquisition of equity in Minera Exar S.A.)Tj /T1_0 1 Tf 0.062 Tc 0.07 Tw 13 0 0 13 56.6929 680.409 Tm [(On)12.4 ( 7)12.4 ( February)12.4 ( 2)12.4 (0)12.3 (2)12.4 (0)12.4 (,)12.4 ( the)12.4 ( Group)12.3 ( entered)12.4 ( into)12.4 ( transaction)12.4 ( agreement)12.4 ( with)12.4 ( Minera)37 ( )]TJ 0.052 Tc 0 -1.231 TD [(Exar)12.4 ( \(which)12.4 ( holds)12.4 ( 1)12.4 (0)12.4 (0)12.4 (%)12.4 ( equity)12.4 ( interests)12.4 ( in)12.4 ( the)12.4 ( Cauchari-Olaroz)12.4 ( lithium)12.4 ( salt)12.4 ( lake)27 ( )]TJ 0.053 Tc T* [(project\))12.1 ( and)12.2 ( LAC)12.2 ( to)12.2 ( subscribe)12.1 ( for)12.2 ( 1)12.1 (4)12.2 (,)12.2 (3)12.1 (8)12.2 (9)12.1 (,)12.2 (4)12.2 (8)12.1 (4)12.2 ( new)12.2 ( shares)12.2 ( from)12.2 ( Minera)12.2 ( Exar)12.2 ( with)28 ( )]TJ 0.052 Tc T* [(a)13 ( to)0.5 (tal)13 ( c)0.5 (ons)0.5 (id)0.5 (er)0.5 (ati)0.5 (on)13 ( of)13 ( U)0.5 (SD)12.9 (1)13 (6)12.9 (,)13 (3)12.9 (2)12.9 (6)13 (,)12.9 (5)12.9 (3)13 (1)12.9 (.)12.9 ( )0.5 (Up)0.5 (on)12.9 ( )0.5 (co)0.5 (mpl)0.5 (et)0.5 (ion)13 ( of)13 ( t)0.5 (he)13 ( Ac)0.5 (qu)0.5 (isi)0.5 (ti)0.5 (on,)12.9 ( )0.5 (th)0.5 (e)27 ( )]TJ 0.039 Tc T* [(Board)12.9 ( agreed)12.9 ( that)12.8 ( the)12.9 ( Group)12.9 ( and)12.9 ( LAC)12.9 ( simultaneously)12.9 ( inject)12.9 ( capital)12.9 ( in)12.9 ( Minera)12.9 ( Exa)0.5 (r)14 ( )]TJ 0.031 Tc 0.077 Tw T* [(in)6 ( )0.5 (accordance)6.1 ( with)6 ( )0.5 (the)6 ( )0.5 (proportion)6 ( )0.5 (of)6 ( )0.5 (the)6 ( )0.5 (equity)6 ( )0.5 (interest)5.9 ( )0.6 (they)6 ( )0.5 (held,)6 ( )0.5 (among)6 ( )0.5 (which,)6 ( )0.5 (the)6 ( )]TJ 0.033 Tc 0.075 Tw T* [(a)0.5 (m)0.5 (ou)0.5 (n)0.5 (t)8 ( )0.5 (o)0.5 (f)8 ( )0.5 (c)0.5 (a)0.5 (p)0.5 (i)0.5 (t)0.5 (al)8 ( )0.6 (in)0.5 (j)0.5 (e)0.5 (c)0.5 (t)0.5 (i)0.5 (on)8 ( )0.5 (o)0.5 (f)8 ( )0.5 (t)0.5 (h)0.5 (e)8 ( )0.5 (G)0.5 (r)0.5 (o)0.5 (u)0.5 (p)8 ( )0.5 (s)0.5 (ha)0.5 (l)0.5 (l)8 ( )0.5 (n)0.5 (o)0.5 (t)8 ( )0.5 (e)0.5 (x)0.5 (c)0.5 (e)0.5 (e)0.5 (d)8 ( )0.5 (U)0.5 (SD)8.1 (2)8 (0)8 (0)8 ( )0.5 (mi)0.5 (l)0.5 (l)0.5 (i)0.5 (on)8.1 ( )0.5 (t)0.5 (o)8 ( )0.5 (e)0.5 (ns)0.5 (u)0.5 (r)0.5 (e)8 ( )]TJ 0.025 Tc 0.03 Tw 0 -1.231 TD (the smooth construction and operation of Cauchari-Olaroz project. On 24 \ March 2020, )Tj 0.036 Tw 0 -1.231 TD [(the )0.5 (resolution )0.5 (in )0.5 (relation )0.5 (to )0.5 (the )0.5 (\223subscription )0.5 (of )0.5 (certain )0.5 (equity )0.5 (involving )0.5 (investment )0.5 (in )]TJ 0.063 Tw T* (mining rights and capital increase in Argentina Minera Exar by Netherlan\ ds Ganfeng, )Tj 0.036 Tc 0.072 Tw T* [(a)11 ( )0.5 (wholly-owned)11 ( )0.5 (subsidiary)11 ( )0.5 (of)11 ( )0.5 (GFL)11 ( )0.5 (International,)11 ( )0.5 (and)11 ( )0.5 (related)11 ( )0.5 (party)11 ( )0.5 (transaction\224)11 ( )0.5 (was)11 ( )]TJ 0.025 Tc 0.047 Tw T* (approved by the shareholders of the Company \(the \223)Tj /T1_1 1 Tf -0.025 Tw (Shareholders)Tj /T1_0 1 Tf 0.047 Tw [(\224\). )0.5 (The subscription )]TJ 0.051 Tc 0.07 Tw T* [(has)12.3 ( not)12.3 ( yet)12.3 ( been)12.3 ( completed.)12.3 ( Upon)12.3 ( completion)12.3 ( of)12.3 ( the)12.3 ( subscription,)12.3 ( the)12.3 ( Group)12.3 ( will)25.9 ( )]TJ 0.028 Tc 0.08 Tw T* [(hold)3 ( )0.5 (a)3 ( )0.5 (total)3 ( )0.5 (of)3 ( )0.5 (5)3 (1)3 (%)3 ( )0.5 (equity)3 ( )0.5 (interests)3 ( )0.5 (in)3 ( )0.5 (Minera)3 ( )0.5 (Exar,)3 ( )0.5 (making)2.9 ( )0.5 (it)3 ( )0.5 (the)3 ( )0.5 (largest)3 ( )0.5 (controlling)3 ( )]TJ 0.042 Tc 0.07 Tw T* [(s)0.5 (ha)0.5 (r)0.5 (e)0.5 (ho)0.5 (l)0.5 (de)0.5 (r)13 ( )0.5 (in)13 ( )0.5 (Mi)0.5 (n)0.5 (e)0.5 (ra)13 ( )0.5 (E)0.5 (xa)0.5 (r)13 ( )0.5 (an)0.5 (d)13 ( L)0.5 (A)0.5 (C)13 ( w)0.5 (i)0.5 (l)0.5 (l)12.9 ( )0.5 (r)0.5 (e)0.5 (ta)0.5 (i)0.5 (n)12.9 ( )0.5 (i)0.5 (ts)13 ( )0.5 (4)13 (9)12.9 (%)13 ( )0.5 (eq)0.5 (u)0.5 (it)0.5 (y)13 ( i)0.5 (n)0.5 (te)0.5 (r)0.5 (e)0.5 (st)0.5 (s)13 ( )0.5 (in)13 ( )0.5 (Mi)0.5 (n)0.5 (e)0.5 (ra)17.1 ( )]TJ 0.025 Tc -0.025 Tw T* (Exar.)Tj /T1_1 1 Tf 0 Tw 13 0 3.4833 13 55.3588 408.409 Tm (Acquisition of equity in Exar Capital BV)Tj /T1_0 1 Tf 0.057 Tc 0.07 Tw 13 0 0 13 56.6929 376.409 Tm [(On)12.8 ( 7)12.8 ( February)12.8 ( 2)12.8 (0)12.8 (2)12.7 (0)12.8 (,)12.8 ( the)12.8 ( Board)12.8 ( agreed)12.7 ( the)12.8 ( subscription)12.7 ( of)12.8 ( no)12.8 ( more)12.8 ( than)12.8 ( 6)12.7 (8)12.8 (8)12.8 (,)12.7 (7)12.8 (7)12.8 (6)32 ( )]TJ 0.037 Tc 0.071 Tw T* [(new)12 ( )0.5 (shares)12 ( )0.5 (of)12 ( )0.5 (Exar)12 ( )0.5 (Capital)12 ( )0.5 (by)12 ( )0.5 (GFL)12.1 ( )0.5 (International,)12 ( )0.5 (a)12 ( )0.5 (wholly-owned)12 ( )0.6 (subsidiary)12 ( )0.5 (of)12 ( )0.5 (the)12.1 ( )]TJ 0.025 Tc 0.01 Tw T* (Company, with its self-owned funds of no more than USD688,776. On 24 Mar\ ch 2020, )Tj 0.043 Tc 0.07 Tw T* [(the)12.3 ( resolution)12.2 ( in)12.2 ( relation)12.2 ( to)12.2 ( the)12.2 ( \223approval)12.3 ( of)12.2 ( subscription)12.3 ( of)12.3 ( certain)12.2 ( equity)12.3 ( in)12.3 ( Exar)18 ( )]TJ 0.028 Tc 0.08 Tw T* [(Capital)3 ( )0.5 (and)3 ( )0.5 (provision)3 ( )0.5 (of)3 ( )0.5 (financial)3 ( )0.5 (assistance)3 ( )0.5 (to)3 ( )0.5 (Exar)3 ( )0.5 (Capital)3 ( )0.6 (by)3 ( )0.5 (GFL)3 ( )0.5 (International)3 ( )0.5 (\(a)3 ( )]TJ 0.025 Tc 0.003 Tw T* [(wholly-owned subsidiary of the Company\) and related party )0.5 (transaction\224 was approved )]TJ 0.043 Tc 0.07 Tw T* [(by)12.8 ( the)12.7 ( Shareholders.)12.7 ( Upon)12.7 ( the)12.7 ( completion)12.7 ( of)12.7 ( the)12.8 ( transaction,)12.7 ( it)12.7 ( is)12.7 ( agreed)12.7 ( that)12.8 ( GFL)18 ( )]TJ 0.054 Tc 0 -1.231 TD [(International)12.5 ( provide)12.5 ( a)12.5 ( total)12.5 ( financial)12.5 ( assistance)12.5 ( amount)12.4 ( of)12.5 ( no)12.4 ( more)12.5 ( than)12.4 ( USD)12.5 (4)12.4 (0)29 ( )]TJ 0.027 Tc 0.081 Tw 0 -1.231 TD [(million)2 ( )0.5 (to)2 ( )0.5 (Exar)2 ( )0.5 (Capital)2 ( )0.5 (for)2 ( )0.5 (its)2 ( )0.5 (related)2 ( borrowings)2 ( )0.5 (repayment.)2 ( )0.5 (The)2 ( transaction)2 ( )0.5 (has)2 ( )0.5 (not)2 ( )]TJ 0 -1.231 TD [(yet)1.9 ( )0.5 (been)2 ( )0.5 (completed.)2 ( Upon)2 ( )0.5 (the)2 ( )0.5 (completion)2.1 ( of)2 ( )0.5 (the)2 ( )0.5 (subscription,)2 ( )0.5 (GFL)2 ( )0.5 (International)2 ( )0.5 (will)2 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (hold no more than 51% equity interests in Exar Capital.)Tj /T1_1 1 Tf 13 0 3.4833 13 55.3588 184.409 Tm (Capital injection in Reed Industrial Minerals Pty Ltd. \(\223RIM\224\))Tj /T1_0 1 Tf 0.072 Tc 0.07 Tw 13 0 0 13 56.6929 152.409 Tm [(On)12.6 ( 7)12.6 ( February)12.6 ( 2)12.6 (0)12.6 (2)12.6 (0)12.6 (,)12.6 ( the)12.6 ( Board)12.6 ( of)12.6 ( the)12.6 ( Company)12.6 ( agreed)12.6 ( the)12.6 ( capital)12.6 ( increase)12.6 ( in)47 ( )]TJ 0.025 Tc 0.057 Tw T* (Australia-based RIM Company by GFL International, a wholly-owned subsidi\ ary, and )Tj 0.051 Tw T* (Process Minerals International Pty Ltd in proportion to their respective\ shareholdings, )Tj 0.041 Tc 0.07 Tw T* [(with)12.8 ( the)12.8 ( transaction)12.8 ( amount)12.7 ( not)12.8 ( exceeding)12.8 ( AUD)12.8 (5)12.8 (0)12.8 ( million.)12.8 ( On)12.7 ( 2)12.8 (4)12.7 ( March)12.7 ( 2)12.8 (0)12.7 (2)12.8 (0)12.8 (,)12.7 ( the)16 ( )]TJ 0.039 Tc T* [(resolution)12.2 ( in)12.1 ( relation)12.1 ( to)12.2 ( the)12.1 ( \223capital)12.1 ( increase)12.1 ( in)12.1 ( Australia-based)12.2 ( RIM)12.1 ( Company)12.1 ( and)14 ( )]TJ 0.025 Tc 0 Tw T* (related party transaction\224 was approved by the Shareholders.)Tj ET endstream endobj 83 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 44 \226)Tj /T1_1 1 Tf 0.04 Tc 0.07 Tw 13 0 0 13 56.6929 776.409 Tm [(1)15 (5)15 (.)15 ( )-495.5 (Exposure)12.5 ( to)12.5 ( risks)12.5 ( of)12.5 ( exchange)12.4 ( rate)12.4 ( fluctuation)12.5 ( and)12.5 ( corresponding)12.4 ( hedging)15 ( )]TJ 0.025 Tc -0.025 Tw 2.181 -1.231 Td (measures)Tj /T1_0 1 Tf 0.071 Tc 0.07 Tw 0 -2.462 TD [(T)0.5 (he)12.9 ( )0.5 (Gr)0.5 (ou)0.5 (p)12.9 ( )0.5 (bus)0.5 (ine)0.5 (ss)13 ( )0.5 (is)12.9 ( )0.5 (lo)0.5 (ca)0.5 (te)0.5 (d)12.9 ( i)0.5 (n)12.9 ( )0.5 (Ma)0.5 (inl)0.5 (an)0.5 (d)12.9 ( )0.5 (Chi)0.5 (na)13 ( a)0.5 (nd)13 ( a)0.5 (ll)12.9 ( )0.5 (tr)0.5 (an)0.5 (sa)0.5 (ct)0.5 (ion)0.5 (s)12.9 ( )0.5 (ar)0.5 (e)46 ( )]TJ 0.03 Tc 0.078 Tw 0 -1.231 TD [(denominated)5 ( )0.5 (in)5 ( )0.5 (Renminbi.)5 ( )0.5 (Most)5 ( )0.5 (of)5 ( )0.5 (our)5 ( )0.5 (assets)5 ( )0.5 (and)5 ( )0.5 (liabilities)5 ( )0.5 (are)5 ( )0.5 (denominated)5 ( )0.5 (in)5 ( )]TJ 0.043 Tc 0.07 Tw T* [(RMB,)12.1 ( except)12.1 ( for)12.2 ( certain)12.2 ( bank)12.2 ( balances)12.2 ( denominated)12.2 ( in)12.2 ( U.S.)12.2 ( dollars)12.2 ( and)12.2 ( other)18 ( )]TJ 0.04 Tc T* [(foreign)12.4 ( currencies.)12.4 ( Our)12.4 ( assets)12.4 ( and)12.4 ( liabilities)12.4 ( denominated)12.4 ( in)12.4 ( U.S.)12.5 ( dollars)12.4 ( were)15 ( )]TJ 0 -1.231 TD [(mainly)12.3 ( held)12.3 ( by)12.3 ( certain)12.3 ( subsidiaries)12.3 ( which)12.3 ( were)12.3 ( incorporated)12.3 ( outside)12.3 ( Mainland)15 ( )]TJ 0.035 Tc 0.073 Tw 0 -1.231 TD [(C)0.5 (hi)0.5 (na)10 ( )0.5 (a)0.5 (n)0.5 (d)10 ( )0.5 (ad)0.5 (op)0.5 (te)0.5 (d)10 ( )0.5 (U)0.5 (.S)0.5 (.)10 ( )0.5 (do)0.5 (ll)0.5 (a)0.5 (rs)10 ( )0.5 (a)0.5 (s)10 ( )0.5 (t)0.5 (he)0.5 (ir)10 ( )0.5 (f)0.5 (un)0.5 (c)0.5 (ti)0.5 (on)0.5 (a)0.5 (l)9.9 ( )0.6 (cu)0.5 (rr)0.5 (e)0.5 (nc)0.5 (y,)10 ( )0.5 (a)0.5 (nd)10.1 ( )0.5 (th)0.5 (e)10 ( )0.5 (Gr)0.5 (o)0.5 (up)10 ( )0.5 (d)0.5 (id)10 ( )]TJ 0.025 Tc 0.022 Tw T* (not conduct any material foreign exchange transactions in Mainland China\ during )Tj 0.015 Tw T* (the Reporting Period. In view of the foregoing, the Group had no materia\ l foreign )Tj 0 Tw T* (exchange risks during the Reporting Period.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(16. )-580.5 (Contingent liabilities)]TJ /T1_0 1 Tf 2.181 -2.462 Td (As at 30 June 2020, the Group did not have any material contingent liabi\ lities.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(17. )-580.5 (Employees and remuneration system)]TJ /T1_0 1 Tf 0.043 Tw 2.181 -2.462 Td (As at 30 June 2020, the Group had a total of 5,237 employees. The remune\ ration )Tj 0.027 Tc 0.081 Tw 0 -1.231 TD [(package)2 ( )0.5 (of)2 ( )0.5 (the)2 ( )0.5 (Group\222s)2 ( )0.5 (employees)2 ( )0.5 (includes)2 ( )0.5 (salaries,)2 ( )0.5 (allowances,)2 ( )0.5 (benefit)2 ( )0.5 (in)2 ( )0.5 (kind)2 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (and performance related bonuses.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(18. )-580.5 (Capital commitments)]TJ /T1_0 1 Tf 2.181 -2.462 Td (The Group had the following capital commitments as at 30 June 2020:)Tj /T1_1 1 Tf 25.616 -2.462 Td (As at )Tj -1.162 -1.231 Td (30 June )Tj -0.025 Tw 1.381 -1.231 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.462 Td (As at )Tj -3.426 -1.231 Td (31 December )Tj -0.025 Tw 3.534 -1.231 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 296.409 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj 0 Tw 13 0 0 13 85.0394 264.409 Tm (Contracted, but not provided for )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (\226 Land and buildings)Tj /T1_1 1 Tf 0 Tc 26.407 0 Td (\226)Tj /T1_0 1 Tf 6.978 0 Td (\226)Tj 0.025 Tc -34.388 -1.231 Td (Contracted, but not provided for )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (\226 Plant and machinery)Tj /T1_1 1 Tf -0.025 Tw 23.507 0 Td (419,559)Tj /T1_0 1 Tf 6.978 0 Td (414,418)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.504 211.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 213.3999 Tm ( )Tj ET q 1 0 0 1 459.2126 211.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 213.3999 Tm ( )Tj 0.025 Tc -0.025 Tw -28.346 -2.462 Td (Total)Tj /T1_1 1 Tf 24.51 0 Td (419,559)Tj /T1_0 1 Tf 6.978 0 Td (414,418)Tj ET 2.5 w q 1 0 0 1 368.504 175.8354 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 172.5029 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 173.7364 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 175.8354 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 172.5029 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 173.7364 Tm ( )Tj ET endstream endobj 82 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 43 \226)Tj 0.05 Tc 0.07 Tw 13 0 0 13 85.0394 776.3179 Tm [(As)12.2 ( at)12.2 ( 3)12.2 (0)12.3 ( June)12.2 ( 2)12.2 (0)12.3 (2)12.2 (0)12.2 ( and)12.2 ( 3)12.2 (1)12.3 ( December)12.2 ( 2)12.2 (0)12.3 (1)12.2 (9)12.3 (,)12.2 ( cash)12.3 ( and)12.3 ( cash)12.2 ( equivalents)12.3 ( of)12.2 ( the)25 ( )]TJ 0.067 Tc 0 -1.231 TD [(G)0.5 (r)0.5 (o)0.6 (u)0.5 (p)13 ( )0.5 (a)0.6 (m)0.5 (o)0.5 (u)0.5 (n)0.5 (t)0.5 (e)0.5 (d)13.1 ( )0.5 (t)0.5 (o)13 ( )0.6 (R)0.5 (M)0.5 (B)13 (2)13 (,)13 (2)13.1 (0)13 (7)13 (,)13 (2)13 (1)13 (6)13 ( )0.6 (t)0.5 (h)0.5 (o)0.5 (u)0.5 (s)0.6 (a)0.5 (n)0.5 (d)13 ( )0.5 (a)0.6 (n)0.5 (d)13 ( )0.5 (R)0.5 (M)0.6 (B)13 (1)13 (,)13 (3)13 (2)13 (8)13.1 (,)13 (1)13 (0)13 (4)13 ( )0.5 (t)0.6 (h)0.5 (o)0.5 (u)0.5 (s)0.5 (a)0.6 (n)0.5 (d)0.5 (,)42 ( )]TJ 0.025 Tc -0.025 Tw T* (respectively.)Tj /T1_1 1 Tf 0 Tw -2.181 -2.462 Td [(10. )-580.5 (Income tax expenses)]TJ /T1_0 1 Tf 0.083 Tw 2.181 -2.462 Td [(During )0.5 (the Reporting )0.5 (Period, )0.5 (income )0.5 (tax )0.5 (of )0.5 (the Group )0.5 (amounted )0.5 (to )0.5 (RMB33,715 )]TJ 0.066 Tc 0.07 Tw 0 -1.231 TD [(thousand,)12.8 ( representing)12.8 ( a)12.8 ( decrease)12.8 ( of)12.8 ( RMB)12.8 (5)12.7 (6)12.8 (,)12.8 (8)12.8 (0)12.8 (3)12.7 ( thousand)12.8 ( as)12.8 ( compared)12.8 ( to)41 ( )]TJ 0.025 Tc 0.061 Tw 0 -1.231 TD (RMB90,518 thousand for the six months ended 30 June 2019, which was main\ ly )Tj 0 Tw T* (due to a decrease in profit before tax during the Reporting Period.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(11. )-580.5 (Capital expenditure)]TJ /T1_0 1 Tf 0.057 Tw 2.181 -2.462 Td (During the Reporting Period, capital expenditure of the Group was RMB399\ ,200 )Tj 0.058 Tc 0.07 Tw T* [(thousand,)12.7 ( representing)12.7 ( a)12.8 ( decrease)12.7 ( of)12.7 ( RMB)12.7 (1)12.7 (6)12.6 (9)12.7 (,)12.7 (7)12.7 (7)12.7 (1)12.6 ( thousand)12.7 ( as)12.7 ( compared)12.7 ( to)33 ( )]TJ 0.055 Tc T* [(RMB)12.8 (5)12.9 (6)12.9 (8)12.9 (,)12.9 (9)12.8 (7)12.9 (1)12.9 ( thousand)12.9 ( for)12.9 ( the)12.9 ( six)12.8 ( months)12.9 ( ended)12.8 ( 3)12.9 (0)12.9 ( June)12.9 ( 2)12.8 (0)12.9 (1)12.9 (9)12.9 (.)12.8 ( The)12.9 ( Group\222s)30 ( )]TJ 0.029 Tc 0.079 Tw T* [(c)0.5 (a)0.5 (p)0.6 (i)0.5 (t)0.5 (a)0.5 (l)4 ( )0.5 (e)0.5 (x)0.5 (p)0.6 (e)0.5 (n)0.5 (d)0.5 (i)0.5 (t)0.5 (u)0.5 (r)0.6 (e)0.5 (s)4 ( )0.5 (m)0.5 (a)0.5 (i)0.5 (n)0.6 (l)0.5 (y)4 ( )0.5 (c)0.5 (o)0.5 (n)0.5 (s)0.5 (i)0.5 (s)0.6 (t)4 ( )0.5 (o)0.5 (f)4 ( )0.5 (e)0.5 (x)0.5 (p)0.6 (e)0.5 (n)0.5 (d)0.5 (i)0.5 (t)0.5 (u)0.5 (r)0.5 (e)0.6 (s)4 ( )0.5 (i)0.5 (n)0.5 (c)0.5 (u)0.5 (r)0.6 (r)0.5 (e)0.5 (d)4 ( )0.5 (f)0.5 (o)0.5 (r)4.1 ( )0.5 (t)0.5 (h)0.5 (e)4 ( )0.5 (p)0.5 (u)0.5 (r)0.5 (c)0.6 (h)0.5 (a)0.5 (s)0.5 (e)4 ( )0.5 (o)0.6 (f)3.9 ( )]TJ 0.025 Tc 0.036 Tw T* (property, plant and equipment, expenditures incurred in respect of the i\ ncrease in )Tj 0.073 Tw T* (prepaid land lease payments and additions to other intangible assets. Fu\ nds used )Tj 0.08 Tw T* (as capital expenditure of the Group were mainly sourced from bank borrow\ ings, )Tj 0.078 Tw 0 -1.231 TD (proceeds from share issuance and cash flows generated from operating act\ ivities )Tj 0 Tw 0 -1.231 TD (of the Group.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(12. )-580.5 (Interest-bearing bank and other borrowings)]TJ /T1_0 1 Tf 0.068 Tc 0.07 Tw 2.181 -2.462 Td [(As)12.3 ( at)12.3 ( 3)12.3 (0)12.2 ( June)12.3 ( 2)12.3 (0)12.3 (2)12.2 (0)12.3 (,)12.3 ( bank)12.3 ( and)12.3 ( other)12.3 ( borrowings)12.3 ( of)12.2 ( the)12.3 ( Group)12.3 ( amounted)12.3 ( to)43 ( )]TJ 0.025 Tc 0.004 Tw T* (RMB5,072,003 thousand \(31 December 2019: RMB3,425,658 thousand\). As at\ 30 )Tj 0.026 Tw T* (June 2020, the balance of liability in convertible bonds of the Group am\ ounted to )Tj 0.083 Tw T* [(RMB780,423 )0.5 (thousand )0.5 (\(31 )0.5 (December )0.5 (2019: )0.5 (RMB762,355 )0.5 (thousand\), )0.5 (which )0.5 (will )]TJ 0 Tw T* (fall due on 21 December 2023.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(13. )-580.5 (Restricted assets)]TJ /T1_0 1 Tf 0.083 Tw 2.181 -2.462 Td [(As at )0.5 (30 )0.5 (June )0.5 (2020, )0.5 (assets )0.5 (with )0.5 (a )0.5 (total )0.5 (carrying )0.5 (value of )0.5 (RMB576,421 )0.5 (thousand )]TJ 0.088 Tc 0.07 Tw T* [(\()12.7 (3)12.7 (1)12.7 ( December)12.7 ( 2)12.6 (0)12.7 (1)12.7 (9)12.7 (:)12.7 ( RMB)12.7 (4)12.7 (3)12.7 (0)12.7 (,)12.7 (3)12.6 (9)12.7 (7)12.7 ( thousand\))12.7 ( of)12.7 ( the)12.7 ( Group)12.7 ( were)12.7 ( used)12.7 ( as)63 ( )]TJ 0.025 Tc 0.049 Tw 0 -1.231 TD (collateral for bank borrowings and other bank facilities, and such asset\ s included )Tj 0.038 Tc 0.07 Tw 0 -1.231 TD [(pledged)12.6 ( deposits)12.6 ( and)12.6 ( bills)12.7 ( receivables)12.6 ( of)12.6 ( RMB)12.6 (5)12.6 (5)12.6 (5)12.6 (,)12.6 (9)12.7 (1)12.6 (0)12.6 ( thousand)12.6 ( \()12.6 (3)12.6 (1)12.6 ( December)13 ( )]TJ 0.036 Tc 0.083 Tw T* [(2019: R)-12.9 (M)-12.8 (B371,826 t)-12.9 (h)-12.8 (o)-12.9 (u)-12.8 (s)-12.9 (a)-12.8 (n)-12.9 (d)-12.8 (\) a)-12.9 (n)-12.8 (d R)-12.9 (M)-12.8 (B20,511 t)-12.9 (h)-12.8 (o)-12.9 (u)-12.8 (s)-12.8 (a)-12.9 (n)-12.8 (d \(31 D)-12.9 (e)-12.8 (c)-12.8 (e)-12.9 (m)-12.8 (b)-12.9 (e)-12.8 (r 2019:)11 ( )]TJ 0.025 Tc 0 Tw T* (RMB58,571 thousand\), respectively.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(14. )-580.5 (Gearing ratio)]TJ /T1_0 1 Tf 0.013 Tw 2.181 -2.462 Td (As at 30 June 2020, the Group\222s gearing ratio, defined as net debt di\ vided by sum )Tj 0 Tw T* (of capital and net debt, was 48.40%, increased by 7.57% from 31 December\ 2019.)Tj ET endstream endobj 81 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 42 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(8. )-1105.5 (Cash flows)]TJ 7.8 0 0 13 186.9524 744.409 Tm (For the )Tj -1.521 -1.231 Td (six months )Tj -0.025 Tw 2.153 -1.231 Td (ended)Tj 0 Tw -3.175 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 10.815 3.692 Td (For the )Tj -1.576 -1.231 Td (six months )Tj -0.025 Tw 2.099 -1.231 Td (ended)Tj 0 Tw -3.12 -1.231 Td (30 June 2019)Tj /T1_1 1 Tf -0.025 Tw 10.2 0 Td (Change)Tj 0 Tw 4.857 0 Td (Reason of material change)Tj -0.025 Tw 7.8 0 3.4833 13 177.5999 680.409 Tm (RMB\222000)Tj /T1_0 1 Tf 8.105 0 Td (RMB\222000)Tj 0 Tc 0 Tw 11.368 0 Td (%)Tj 0.025 Tc 7.8 0 0 13 85.0393 648.409 Tm (Net cash flows )Tj -0.025 Tw 1.672 -1.231 Td (from/\(used )Tj 0 Tw 0 -1.231 TD (in\) operating )Tj -0.025 Tw T* (activities)Tj /T1_1 1 Tf 11.282 3.692 Td (189,779)Tj /T1_0 1 Tf 7.995 0 Td (194,388)Tj 9.212 0 Td (-2.37)Tj 0 Tw 3.637 0 Td (Mainly due to an decrease in cash received from sales )Tj T* (of goods and provision of labor services during the )Tj T* (Reporting Period)Tj -33.798 -2.462 Td (Net cash flows used )Tj 1.672 -1.231 Td (in investing )Tj -0.025 Tw T* (activities)Tj /T1_1 1 Tf 10.899 2.462 Td (\(677,926\))Tj /T1_0 1 Tf 7.195 0 Td (\(1,463,470\))Tj 9.87 0 Td (-53.68)Tj 0 Tw 4.162 0 Td (Mainly due to an decrease in cash paid for investment )Tj T* (during the Reporting Period)Tj -33.798 -2.462 Td (Net cash flows )Tj -0.025 Tw 1.672 -1.231 Td (from/\(used )Tj 0 Tw T* (in\) financing )Tj -0.025 Tw T* (activities)Tj /T1_1 1 Tf 10.482 3.692 Td (1,355,182)Tj /T1_0 1 Tf 7.995 0 Td (1,010,063)Tj 9.845 0 Td (34.17)Tj 0 Tw 3.804 0 Td (Mainly due to an increase in cash received from )Tj T* (borrowings during the Reporting Period)Tj /T1_1 1 Tf 13 0 0 13 56.6929 458.0599 Tm [(9. )-1105.5 (Financial position)]TJ /T1_0 1 Tf 0.054 Tc 0.07 Tw 2.181 -2.462 Td [(Non-current)12.3 ( assets)12.2 ( increased)12.2 ( by)12.2 ( RMB)12.3 (5)12.2 (6)12.3 (7)12.2 (,)12.3 (9)12.2 (2)12.3 (8)12.3 ( thousand)12.3 ( from)12.3 ( RMB)12.2 (8)12.3 (,)12.2 (4)12.3 (9)12.3 (6)12.2 (,)12.3 (0)12.2 (0)12.3 (1)29 ( )]TJ 0.025 Tc 0.018 Tw T* (thousand as at 31 December 2019 to RMB9,063,929 thousand as at 30 June 2\ 020, )Tj 0.044 Tc 0.07 Tw T* [(which)12.4 ( was)12.4 ( mainly)12.4 ( due)12.4 ( to)12.3 ( the)12.4 ( increase)12.4 ( in)12.4 ( financial)12.4 ( assets)12.4 ( at)12.4 ( fair)12.4 ( value)12.4 ( through)19 ( )]TJ 0.025 Tc 0 Tw T* (profit or loss and other long-term assets. )Tj 0.073 Tc 0.07 Tw 0 -2.462 TD [(Current)12.8 ( assets)12.8 ( increased)12.9 ( by)12.9 ( RMB)12.8 (1)12.9 (,)12.8 (2)12.8 (2)12.9 (9)12.8 (,)12.9 (9)12.8 (5)12.8 (9)12.9 ( thousand)12.8 ( from)12.8 ( RMB)12.9 (5)12.8 (,)12.9 (7)12.8 (1)12.8 (7)12.9 (,)12.8 (0)12.8 (3)12.9 (1)48 ( )]TJ 0.025 Tc 0.018 Tw 0 -1.231 TD (thousand as at 31 December 2019 to RMB6,946,990 thousand as at 30 June 2\ 020, )Tj 0.009 Tw T* [(which )0.5 (was )0.5 (mainly due )0.5 (to )0.5 (the )0.5 (increase )0.5 (in )0.5 (cash )0.5 (and cash )0.5 (equivalents, )0.5 (trade and )0.5 (bills )]TJ -0.025 Tw T* (receivables.)Tj 0.048 Tc 0.07 Tw 0 -2.462 TD [(Current)12.5 ( liabilities)12.6 ( increased)12.5 ( by)12.6 ( RMB)12.5 (1)12.6 (,)12.5 (2)12.5 (7)12.6 (1)12.5 (,)12.6 (0)12.5 (7)12.5 (6)12.6 ( thousand)12.5 ( from)12.5 ( RMB)12.5 (3)12.6 (,)12.5 (2)12.5 (5)12.6 (8)12.5 (,)12.5 (8)12.6 (5)12.5 (7)23 ( )]TJ 0.059 Tc 0 -1.231 TD [(thousand)12.1 ( as)12.1 ( at)12.1 ( 3)12.1 (1)12.1 ( December)12.1 ( 2)12.1 (0)12.1 (1)12.1 (9)12.1 ( to)12.1 ( RMB)12.2 (4)12.1 (,)12.1 (5)12.1 (2)12.1 (9)12.1 (,)12.1 (9)12.1 (3)12.2 (3)12.1 ( thousand)12.1 ( as)12.2 ( at)12.1 ( 3)12.2 (0)12.1 ( June)34 ( )]TJ 0.04 Tc T* [(2)13 (0)12.9 (2)13 (0)13 (,)12.9 ( )0.5 (w)0.5 (hi)0.5 (c)0.5 (h)12.9 ( )0.5 (w)0.5 (a)0.5 (s)12.9 ( )0.5 (m)0.5 (a)0.5 (in)0.5 (ly)13 ( )0.5 (du)0.5 (e)13 ( )0.5 (to)13 ( t)0.5 (h)0.5 (e)13 ( i)0.5 (nc)0.5 (r)0.5 (e)0.5 (a)0.5 (se)13 ( )0.5 (in)13 ( )0.5 (in)0.5 (t)0.5 (er)0.5 (e)0.5 (s)0.5 (t-)0.5 (b)0.5 (ea)0.5 (r)0.5 (i)0.5 (ng)13 ( )0.5 (ba)0.5 (n)0.5 (k)12.9 ( )0.5 (a)0.5 (nd)13 ( )0.5 (ot)0.5 (h)0.5 (er)15 ( )]TJ 0.025 Tc 0 Tw T* (borrowings, other payables and accruals.)Tj 0.027 Tc 0.081 Tw 0 -2.462 TD [(Non-current)2 ( )0.5 (liabilities)2 ( )0.5 (increased)2 ( )0.5 (by)2 ( )0.5 (RMB)2 (6)2 (7)2 (5)2 (,)2 (5)2 (4)2 (3)2 ( )0.5 (thousand)2 ( )0.5 (from)1.9 ( )0.5 (RMB)2 (2)2 (,)2 (5)2 (4)2 (3)2 (,)2 (8)2 (9)2 (4)2 ( )]TJ 0.059 Tc 0.07 Tw 0 -1.231 TD [(thousand)12.1 ( as)12.1 ( at)12.1 ( 3)12.1 (1)12.1 ( December)12.1 ( 2)12.1 (0)12.1 (1)12.1 (9)12.1 ( to)12.1 ( RMB)12.2 (3)12.1 (,)12.1 (2)12.1 (1)12.1 (9)12.1 (,)12.1 (4)12.1 (3)12.2 (7)12.1 ( thousand)12.1 ( as)12.2 ( at)12.1 ( 3)12.2 (0)12.1 ( June)34 ( )]TJ 0.04 Tc T* [(2)13 (0)12.9 (2)13 (0)13 (,)12.9 ( )0.5 (w)0.5 (hi)0.5 (c)0.5 (h)12.9 ( )0.5 (w)0.5 (a)0.5 (s)12.9 ( )0.5 (m)0.5 (a)0.5 (in)0.5 (ly)13 ( )0.5 (du)0.5 (e)13 ( )0.5 (to)13 ( t)0.5 (h)0.5 (e)13 ( i)0.5 (nc)0.5 (r)0.5 (e)0.5 (a)0.5 (se)13 ( )0.5 (in)13 ( )0.5 (in)0.5 (t)0.5 (er)0.5 (e)0.5 (s)0.5 (t-)0.5 (b)0.5 (ea)0.5 (r)0.5 (i)0.5 (ng)13 ( )0.5 (ba)0.5 (n)0.5 (k)12.9 ( )0.5 (a)0.5 (nd)13 ( )0.5 (ot)0.5 (h)0.5 (er)15 ( )]TJ 0.025 Tc -0.025 Tw T* (borrowings.)Tj 0.06 Tc 0.07 Tw 0 -2.462 TD [(As)13 ( at)13 ( 3)12.9 (0)13 ( June)13 ( 2)12.9 (0)13 (2)12.9 (0)12.9 ( a)0.5 (nd)12.9 ( )0.5 (3)12.9 (1)12.9 ( D)0.5 (ece)0.5 (mbe)0.5 (r)12.9 ( 2)13 (0)12.9 (1)12.9 (9)12.9 (,)13 ( ne)0.5 (t)12.9 ( cu)0.5 (rre)0.5 (nt)12.9 ( a)0.5 (sse)0.5 (ts)12.9 ( )0.5 (of)12.9 ( )0.5 (the)12.9 ( )0.5 (Gro)0.5 (up)35 ( )]TJ 0.025 Tc 0.017 Tw 0 -1.231 TD (amounted to RMB2,417,057 thousand and RMB2,458,174 thousand, respectivel\ y; )Tj 0.053 Tc 0.07 Tw T* [(net)12.2 ( assets)12.1 ( amounted)12.2 ( to)12.2 ( RM)12.1 (8)12.2 (,)12.1 (2)12.2 (6)12.1 (1)12.2 (,)12.1 (5)12.2 (4)12.1 (9)12.1 ( thousand)12.2 ( and)12.2 ( RMB)12.2 (8)12.1 (,)12.1 (4)12.2 (1)12.1 (0)12.2 (,)12.1 (2)12.2 (8)12.1 (1)12.2 ( thousand,)28 ( )]TJ 0.025 Tc -0.025 Tw T* (respectively.)Tj ET endstream endobj 80 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 41 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(6. )-1105.5 (Other expenses)]TJ /T1_0 1 Tf 0.054 Tw 2.181 -2.462 Td (Other expenses of the Group for the Reporting Period amounted to RMB164,\ 000 )Tj 0.068 Tc 0.07 Tw 0 -1.231 TD [(thousand,)12.6 ( representing)12.6 ( an)12.5 ( increase)12.5 ( of)12.6 ( RMB)12.6 (4)12.5 (,)12.6 (8)12.5 (1)12.6 (2)12.5 ( thousand)12.6 ( as)12.6 ( compared)12.6 ( to)42.9 ( )]TJ 0.025 Tc 0 Tw T* (RMB159,188 thousand as at 30 June 2019. The details are as follows:)Tj /T1_1 1 Tf 24.622 -2.462 Td (For the )Tj -1.521 -1.231 Td (six months )Tj -0.025 Tw 2.153 -1.231 Td (ended )Tj 0 Tw -3.175 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 9.798 3.692 Td (For the )Tj -1.576 -1.231 Td (six months )Tj -0.025 Tw 2.099 -1.231 Td (ended )Tj 0 Tw -3.12 -1.231 Td (30 June 2019)Tj /T1_1 1 Tf -0.025 Tw 13 0 3.4833 13 390.4325 616.409 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj 0 Tw 13 0 0 13 85.0394 584.409 Tm (Fair value losses of financial assets at )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (fair value through profit or loss)Tj /T1_1 1 Tf -0.025 Tw 24.032 0 Td (62,609)Tj /T1_0 1 Tf 6.453 0 Td (119,143)Tj 0 Tw -31.488 -1.231 Td (Cost of raw materials sold)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (3,812)Tj /T1_0 1 Tf 6.453 0 Td (11,372)Tj 0 Tw -32.013 -1.231 Td (Impairment of trade receivables, net)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (14,961)Tj /T1_0 1 Tf 7.503 0 Td (6,785)Tj 0 Tw -32.538 -1.231 Td (Impairment of financial assets included )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (in prepayments, other receivables and )Tj 0 Tc ( )Tj 0.025 Tc T* (other assets, net)Tj /T1_1 1 Tf -0.025 Tw 24.032 0 Td (63,551)Tj /T1_0 1 Tf 8.303 0 Td (534)Tj 0 Tw -33.338 -1.231 Td (Write-down of inventories to net realisable value)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (9,273)Tj /T1_0 1 Tf 0 Tc 0 Tw 8.828 0 Td (\226)Tj 0.025 Tc -34.388 -1.231 Td (Net loss on disposal of items of property, )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (plant and equipment)Tj /T1_1 1 Tf -0.025 Tw 25.882 0 Td (81)Tj /T1_0 1 Tf 5.653 0 Td (7,825)Tj 0 Tw -32.538 -1.231 Td (Exploration expenditure)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (7,097)Tj /T1_0 1 Tf 6.978 0 Td (2,095)Tj 0 Tw -32.538 -1.231 Td (Foreign exchange differences, net)Tj /T1_1 1 Tf 0 Tc 27.41 0 Td (\226)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 5.128 0 Td (7,570)Tj -32.538 -1.231 Td (Others)Tj /T1_1 1 Tf 25.56 0 Td (2,616)Tj /T1_0 1 Tf 6.978 0 Td (3,864)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.5039 387.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 389.3998 Tm ( )Tj ET q 1 0 0 1 459.2126 387.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 389.3998 Tm ( )Tj 0.025 Tc -0.025 Tw -28.346 -2.462 Td (Total)Tj /T1_1 1 Tf 24.51 0 Td (164,000)Tj /T1_0 1 Tf 6.978 0 Td (159,188)Tj ET 2.5 w q 1 0 0 1 368.504 351.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 348.5028 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 349.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 351.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 348.5028 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 349.7363 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.335 Td [(7. )-1105.5 (Research and development expenses)]TJ /T1_0 1 Tf 0.09 Tc 0.07 Tw 2.181 -2.462 Td [(The)12.6 ( R&D)12.6 ( expenses)12.7 ( of)12.6 ( the)12.7 ( Group)12.6 ( for)12.6 ( the)12.6 ( Reporting)12.6 ( Period)12.6 ( amounted)12.6 ( to)65 ( )]TJ 0.071 Tc 0 -1.231 TD [(R)0.5 (M)0.6 (B)13 (4)13.1 (7)13 (,)13.1 (0)13 (0)13 (8)13.1 ( )0.5 (t)0.6 (h)0.5 (o)0.6 (u)0.5 (s)0.5 (a)0.6 (n)0.5 (d)0.6 (,)13 ( )0.6 (r)0.5 (e)0.6 (p)0.5 (r)0.5 (e)0.6 (s)0.5 (e)0.6 (n)0.5 (t)0.6 (i)0.5 (n)0.6 (g)13 ( )0.5 (a)0.6 (n)13 ( )0.6 (i)0.5 (n)0.6 (c)0.5 (r)0.6 (e)0.5 (a)0.6 (s)0.5 (e)13.1 ( )0.5 (o)0.6 (f)13 ( )0.6 (2)13 (7)13 (.)13.1 (5)13 (8)13.1 (%)13 ( )0.6 (a)0.5 (s)13 ( )0.6 (c)0.6 (o)0.5 (m)0.5 (p)0.6 (a)0.5 (r)0.6 (e)0.5 (d)13.1 ( )0.5 (t)0.6 (o)46 ( )]TJ 0.066 Tc 0 -1.231 TD [(RMB)12.9 (3)12.8 (6)12.9 (,)12.9 (8)12.8 (4)12.9 (7)12.9 ( thousand)12.9 ( as)12.9 ( at)12.8 ( 3)12.9 (0)12.9 ( June)12.9 ( 2)12.8 (0)12.9 (1)12.9 (9)12.9 (,)12.8 ( and)12.9 ( accounting)12.9 ( for)12.9 ( 1)12.8 (.)12.9 (9)12.9 (8)12.9 (%)12.9 ( of)12.9 ( the)41 ( )]TJ 0.025 Tc 0.05 Tw T* (Group\222s revenue, which was mainly due to increase in research and dev\ elopment )Tj 0 Tw T* (expenses for lithium salts and solid-state batteries.)Tj ET endstream endobj 50 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 51 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 52 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 53 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 54 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 89 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 40 \226)Tj /T1_1 1 Tf 1.106 Tw 13 0 0 13 56.6929 776.4089 Tm [(5. )0.5 (Expenses)]TJ 0 Tw 7.8 0 0 13 186.9524 744.4089 Tm (For the )Tj -1.521 -1.231 Td (six months )Tj -0.025 Tw 2.153 -1.231 Td (ended )Tj 0 Tw -3.175 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 10.815 3.692 Td (For the )Tj -1.576 -1.231 Td (six months )Tj -0.025 Tw 2.099 -1.231 Td (ended )Tj 0 Tw -3.12 -1.231 Td (30 June 2019)Tj -0.025 Tw 10.423 0 Td (Change)Tj 0 Tw 4.634 0 Td (Reason of material change)Tj /T1_1 1 Tf -0.025 Tw 7.8 0 3.4833 13 177.5999 680.4089 Tm (RMB\222000)Tj /T1_0 1 Tf 8.105 0 Td (RMB\222000)Tj 0 Tc 0 Tw 11.368 0 Td (%)Tj 0.025 Tc 7.8 0 0 13 85.0393 648.4089 Tm (Selling and )Tj -0.025 Tw 1.672 -1.231 Td (distribution )Tj 0 -1.231 TD (expenses)Tj /T1_1 1 Tf 11.807 2.462 Td (26,308)Tj /T1_0 1 Tf 7.995 0 Td (51,842)Tj 8.162 0 Td (-49.25)Tj 0 Tw 4.162 0 Td (Primarily consisting of employee benefit expenses, )Tj 1.018 -1.231 Td (transportation expenses, warehouse and port expenses, )Tj T* (rental expenses, sales commission, travel expenses )Tj T* (and others. The decrease in selling and distribution )Tj T* (expenses during the Reporting Period was mainly due )Tj T* (to the transportation services provided by Ganfeng )Tj T* (Transportation to the group companies during the )Tj 0 -1.231 TD (Reporting Period were not included in the accounting )Tj 0 -1.231 TD (of selling and distribution expenses)Tj -0.025 Tw -34.815 -1.231 Td (Administrative )Tj 1.672 -1.231 Td (expenses)Tj /T1_1 1 Tf 11.282 1.231 Td (106,718)Tj /T1_0 1 Tf 7.995 0 Td (230,077)Tj 8.687 0 Td (-53.62)Tj 0.024 Tc 0 Tw 4.162 0 Td [(Primarily consisting of employee benefit expenses, office)-1 ( )]TJ 0.025 Tc 1.018 -1.231 Td (expenses, travel expenses, intermediary fees, R&D )Tj T* (expenses, bank service expenses and others as well as )Tj T* (depreciation and amortization of assets. The decrease )Tj 0.024 Tc T* [(in administrative expenses during the Reporting Period)-1 ( )]TJ 0.025 Tc T* (was mainly due to the equity incentive fees generated )Tj T* (at the same period of last year, while no such fee was )Tj T* (incurred during the Reporting Period)Tj -34.815 -1.231 Td (Other expenses)Tj /T1_1 1 Tf -0.025 Tw 12.954 0 Td (164,000)Tj /T1_0 1 Tf 7.995 0 Td (159,188)Tj 9.57 0 Td (3.02)Tj 0 Tw 3.279 0 Td (Primarily consisting of net loss on changes in fair value )Tj 1.018 -1.231 Td (of investments at fair value through profit or loss, cost )Tj T* (for sales of raw materials, impairment loss, loss on )Tj 0 -1.231 TD (disposal of property, plant and equipment and others. )Tj 0 -1.231 TD (There was no significant change for the Reporting )Tj T* (Period as compared to the same period of last year)Tj -34.815 -1.231 Td (Finance costs)Tj /T1_1 1 Tf -0.025 Tw 12.954 0 Td (120,880)Tj /T1_0 1 Tf 8.52 0 Td (95,886)Tj 8.52 0 Td (26.07)Tj 0 Tw 3.804 0 Td (Primarily consisting of interest expense on bank )Tj 1.018 -1.231 Td (borrowings, interest expense on convertible bonds and )Tj T* (interest expense on discounted bills. The increase in )Tj T* (finance costs during the Reporting Period was mainly )Tj T* (due to an increase in interest expenses on borrowings)Tj ET endstream endobj 88 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 39 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(3. )-1105.5 (Gross profit and gross profit margin)]TJ /T1_0 1 Tf 0.056 Tc 0.07 Tw 2.181 -2.462 Td [(The)12.4 ( gross)12.3 ( profit)12.4 ( margin)12.4 ( of)12.3 ( the)12.4 ( Group)12.3 ( for)12.3 ( the)12.4 ( Reporting)12.3 ( Period)12.3 ( was)12.4 ( 1)12.4 (9)12.3 (.)12.4 (4)12.3 (5)12.4 (%,)31 ( )]TJ 0.03 Tc 0.078 Tw 0 -1.231 TD [(representing)5 ( )0.5 (a)5 ( )0.5 (decrease)5 ( )0.5 (of)5.1 ( )0.5 (5)4.9 (.)5 (8)5 (2)5 (%)5 ( )0.5 (as)5 ( )0.5 (compared)5 ( )0.5 (with)4.9 ( )0.6 (2)5 (5)5 (.)5 (2)4.9 (7)5.1 (%)5 ( )0.5 (as)5 ( )0.5 (at)5 ( )0.5 (3)5 (0)5 ( )0.5 (June)5 ( )0.5 (2)5 (0)5 (1)5 (9)5 (,)5 ( )]TJ 0.025 Tc 0 Tw T* (mainly due to the continued decline in the market price of lithium salts\ .)Tj 0 -2.462 TD (By products:)Tj /T1_1 1 Tf 11.7 0 0 13 256.7353 648.4089 Tm (For the six months ended )Tj 2.761 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 10.171 1.231 Td (For the six months ended )Tj 2.539 -1.231 Td (30 June 2019)Tj /T1_1 1 Tf -0.025 Tw 11.7 0 3.4833 13 265.6495 616.4089 Tm (RMB\222000)Tj 0 Tc 0 Tw 9.615 0 Td (%)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 3.093 0 Td (RMB\222000)Tj 0 Tc 0 Tw 11.7 0 0 13 528.8367 616.4089 Tm (%)Tj 0.025 Tc -37.931 -2.462 Td (Lithium metal and lithium )Tj -0.025 Tw 1.114 -1.231 Td (compound)Tj /T1_1 1 Tf 15.352 0 Td (362,739)Tj 7.349 0 Td (20.37)Tj /T1_0 1 Tf 5.249 0 Td (649,723)Tj 7.349 0 Td (28.74)Tj 0 Tw -36.414 -1.231 Td (Lithium battery)Tj /T1_1 1 Tf -0.025 Tw 16.992 0 Td (65,505)Tj 6.824 0 Td (15.82)Tj /T1_0 1 Tf 5.774 0 Td (22,345)Tj 7.349 0 Td (8.39)Tj -36.939 -1.231 Td (Others )Tj 11.7 0 3.4833 13 119.8693 536.4089 Tm (\(Note\))Tj /T1_1 1 Tf 11.7 0 0 13 283.8428 536.4089 Tm (33,524)Tj 6.824 0 Td (18.60)Tj /T1_0 1 Tf 5.774 0 Td (36,117)Tj 6.824 0 Td (13.11)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 531.9989 cm 0 0 m 62.362 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 249.4488 533.3999 Tm ( )Tj ET q 1 0 0 1 328.8188 531.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1495 533.3999 Tm ( )Tj ET q 1 0 0 1 402.5196 531.9989 cm 0 0 m 62.362 0 l S Q BT /T1_0 1 Tf 13 0 0 13 396.8503 533.3999 Tm ( )Tj ET q 1 0 0 1 476.2204 531.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5511 533.3999 Tm ( )Tj 0.025 Tc -0.025 Tw 11.7 0 0 13 85.0393 501.3999 Tm (Total)Tj /T1_1 1 Tf 16.467 0 Td (461,768)Tj 7.349 0 Td (19.45)Tj /T1_0 1 Tf 5.249 0 Td (708,185)Tj 7.349 0 Td (25.27)Tj ET 2.5 w q 1 0 0 1 255.118 495.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.118 492.5028 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4487 493.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8188 495.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8188 492.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1495 493.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5196 495.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5196 492.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8503 493.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2203 495.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 492.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5511 493.7363 Tm ( )Tj 0.025 Tc -0.025 Tw 11 0 2.9474 11 83.9104 465.3872 Tm (Note:)Tj 0.064 Tc 0.07 Tw 11 0 0 11 110.8559 465.3872 Tm [( )154 (Including)12.4 ( NCM)12.4 ( precursors,)12.4 ( lithium)12.4 ( oxide,)12.4 ( lithium)12.4 ( dihydrogen)12.4 ( phosphate)12.4 ( and)12.4 ( other)39 ( )]TJ 0.025 Tc -0.025 Tw 0.23 -1.273 Td (products.)Tj /T1_1 1 Tf 0 Tw 13 0 0 13 56.6928 419.3872 Tm [(4. )-1105.5 (Other income and gains)]TJ /T1_0 1 Tf 0.063 Tc 0.07 Tw 2.181 -2.462 Td [(Other)12.7 ( income)12.7 ( and)12.7 ( gains)12.7 ( of)12.7 ( the)12.7 ( Group)12.7 ( mainly)12.6 ( consist)12.7 ( of)12.7 ( investment)12.7 ( income)38 ( )]TJ 0.025 Tc 0.006 Tw 0 -1.231 TD (generated from disposal of financial assets, government grants, income f\ rom sales )Tj 0.002 Tw T* (of raw materials and interest income. Other income and gains of the Grou\ p for the )Tj 0.037 Tc 0.071 Tw T* [(R)0.5 (e)0.6 (p)0.5 (o)0.6 (r)0.5 (t)0.6 (i)0.5 (n)0.5 (g)12 ( )0.5 (P)0.6 (e)0.5 (r)0.6 (i)0.5 (o)0.6 (d)11.9 ( )0.6 (a)0.5 (m)0.6 (o)0.5 (u)0.5 (n)0.6 (t)0.5 (e)0.5 (d)12 ( )0.5 (t)0.6 (o)12 ( )0.5 (R)0.5 (M)0.6 (B)12 (1)12 (3)12 (4)12 (,)12 (1)12 (3)12 (8)12 ( )0.5 (t)0.6 (h)0.5 (o)0.5 (u)0.6 (s)0.5 (a)0.6 (n)0.5 (d)0.6 (,)11.9 ( )0.6 (r)0.5 (e)0.6 (p)0.5 (r)0.5 (e)0.6 (s)0.5 (e)0.6 (n)0.5 (t)0.6 (i)0.5 (n)0.5 (g)12 ( )0.5 (a)0.6 (n)12 ( )0.5 (i)0.5 (n)0.6 (c)0.5 (r)0.6 (e)0.5 (a)0.6 (s)0.5 (e)12 ( )]TJ 0.047 Tc 0.07 Tw T* [(of)12.6 ( RMB)12.6 (1)12.6 (0)12.5 (,)12.6 (3)12.6 (9)12.6 (3)12.5 ( thousand)12.5 ( as)12.6 ( compared)12.6 ( to)12.5 ( RMB)12.6 (1)12.5 (2)12.6 (3)12.6 (,)12.6 (7)12.5 (4)12.6 (5)12.6 ( thousand)12.6 ( as)12.5 ( at)12.6 ( 3)12.5 (0)12.6 ( June)22 ( )]TJ 0.025 Tc 0.023 Tw 0 -1.231 TD (2019, which was mainly due to the increase in investment income generate\ d from )Tj 0 Tw 0 -1.231 TD (disposal of financial assets during the Reporting Period.)Tj ET endstream endobj 87 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 38 \226)Tj -0.025 Tw 11 0 2.9474 11 112.2569 777.6839 Tm (Note: )Tj 0.029 Tc 0.079 Tw 11 0 0 11 141.7323 777.6839 Tm [(Including)4 ( )0.5 (NCM)4 ( )0.5 (precursors,)4 ( )0.5 (lithium)4 ( )0.6 (oxide,)4 ( )0.5 (lithium)4 ( )0.5 (dihydrogen)4 ( )0.5 (phosphate)4 ( )0.5 (and)4 ( )0.5 (other)4 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.273 TD (products.)Tj 0 Tw 13 0 0 13 113.3858 731.684 Tm (By sales regions:)Tj /T1_1 1 Tf 11.7 0 0 13 256.7353 699.684 Tm (For the six months ended )Tj 2.761 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 10.171 1.231 Td (For the six months ended )Tj 2.539 -1.231 Td (30 June 2019)Tj /T1_1 1 Tf -0.025 Tw 11.7 0 3.4833 13 265.6495 667.684 Tm (RMB\222000)Tj 0 Tc 0 Tw 9.615 0 Td (%)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 3.093 0 Td (RMB\222000)Tj 0 Tc 0 Tw 11.7 0 0 13 528.8367 667.684 Tm (%)Tj 0.025 Tc -0.025 Tw -35.509 -2.462 Td (China)Tj /T1_1 1 Tf 13.244 0 Td (1,482,652)Tj 8.149 0 Td (62.44)Tj /T1_0 1 Tf 4.449 0 Td (1,771,217)Tj 8.149 0 Td (63.21)Tj -33.992 -1.231 Td (Overseas)Tj /T1_1 1 Tf 14.044 0 Td (891,954)Tj 7.349 0 Td (37.56)Tj /T1_0 1 Tf 4.449 0 Td (1,031,022)Tj 8.149 0 Td (36.79)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 615.2739 cm 0 0 m 62.362 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 249.4488 616.6749 Tm ( )Tj ET q 1 0 0 1 328.8189 615.2739 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1496 616.6749 Tm ( )Tj ET q 1 0 0 1 402.5197 615.2739 cm 0 0 m 62.362 0 l S Q BT /T1_0 1 Tf 13 0 0 13 396.8504 616.6749 Tm ( )Tj ET q 1 0 0 1 476.2205 615.2739 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 616.6749 Tm ( )Tj 0.025 Tc -0.025 Tw 11.7 0 0 13 113.3858 584.6749 Tm (Total)Tj /T1_1 1 Tf 13.244 0 Td (2,374,606)Tj 7.624 0 Td (100.00)Tj /T1_0 1 Tf 4.974 0 Td (2,802,239)Tj 7.624 0 Td (100.00)Tj ET 2.5 w q 1 0 0 1 255.1181 579.1104 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 575.7778 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4489 577.0114 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8189 579.1104 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.819 575.7778 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 577.0114 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5197 579.1104 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5198 575.7778 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8505 577.0114 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2205 579.1104 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2206 575.7778 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 577.0114 Tm ( )Tj /T1_1 1 Tf 0.025 Tc 13 0 3.4833 13 83.7053 548.1543 Tm [(2\) )-1022.5 (Analysis of operating cost by products)]TJ /T1_0 1 Tf 13 0 0 13 113.3859 516.1543 Tm (By products:)Tj /T1_1 1 Tf 11.7 0 0 13 256.7354 484.1543 Tm (For the six months ended )Tj 2.761 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 10.171 1.231 Td (For the six months ended )Tj 2.539 -1.231 Td (30 June 2019)Tj /T1_1 1 Tf -0.025 Tw 11.7 0 3.4833 13 265.6497 452.1543 Tm (RMB\222000)Tj 0 Tc 0 Tw 9.615 0 Td (%)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 3.093 0 Td (RMB\222000)Tj 0 Tc 0 Tw 11.7 0 0 13 528.8368 452.1543 Tm (%)Tj 0.025 Tc -35.509 -2.462 Td (Lithium metal and lithium )Tj -0.025 Tw 1.114 -1.231 Td (compound)Tj /T1_1 1 Tf 12.13 0 Td (1,417,586)Tj 8.149 0 Td (74.11)Tj /T1_0 1 Tf 4.449 0 Td (1,610,627)Tj 8.149 0 Td (76.91)Tj 0 Tw -33.992 -1.231 Td (Lithium battery)Tj /T1_1 1 Tf -0.025 Tw 14.044 0 Td (348,531)Tj 7.349 0 Td (18.22)Tj /T1_0 1 Tf 5.249 0 Td (244,024)Tj 7.349 0 Td (11.65)Tj -33.992 -1.231 Td (Others )Tj 11.7 0 3.4833 13 148.2159 372.1543 Tm (\(Note\))Tj /T1_1 1 Tf 11.7 0 0 13 277.7005 372.1543 Tm (146,721)Tj 7.874 0 Td (7.67)Tj /T1_0 1 Tf 4.724 0 Td (239,403)Tj 7.349 0 Td (11.44)Tj ET 0.5 w q 1 0 0 1 255.1182 367.7442 cm 0 0 m 62.362 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 249.4489 369.1452 Tm ( )Tj ET q 1 0 0 1 328.819 367.7442 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 369.1452 Tm ( )Tj ET q 1 0 0 1 402.5198 367.7442 cm 0 0 m 62.362 0 l S Q BT /T1_0 1 Tf 13 0 0 13 396.8505 369.1452 Tm ( )Tj ET q 1 0 0 1 476.2206 367.7442 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5513 369.1452 Tm ( )Tj 0.025 Tc -0.025 Tw 11.7 0 0 13 113.3859 337.1452 Tm (Total)Tj /T1_1 1 Tf 13.244 0 Td (1,912,838)Tj 7.624 0 Td (100.00)Tj /T1_0 1 Tf 4.974 0 Td (2,094,054)Tj 7.624 0 Td (100.00)Tj ET 2.5 w q 1 0 0 1 255.1183 331.5806 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1183 328.2481 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.449 329.4816 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8191 331.5806 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8191 328.2481 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1498 329.4816 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5199 331.5806 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5199 328.2481 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8506 329.4816 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2206 331.5806 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2207 328.2481 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5514 329.4816 Tm ( )Tj 0.025 Tc -0.025 Tw 11 0 2.9474 11 112.2572 301.1326 Tm (Note:)Tj 0.029 Tc 0.079 Tw 11 0 0 11 139.2027 301.1326 Tm [( )128 (Including)4 ( )0.5 (NCM)4 ( )0.5 (precursors,)4 ( )0.5 (lithium)4 ( )0.5 (oxide,)4 ( )0.5 (lithium)4 ( )0.5 (dihydrogen)4 ( )0.5 (phosphate)4 ( )0.5 (and)4 ( )0.5 (other)4 ( )]TJ 0.025 Tc -0.025 Tw 0.23 -1.273 Td (products.)Tj ET endstream endobj 86 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 37 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (FINANCIAL REVIEW)Tj 1.106 Tw 0 -2.462 TD [(1. )0.5 (Overview)]TJ /T1_0 1 Tf 0.038 Tc 0.07 Tw 2.181 -2.462 Td [(During)12.9 ( the)12.9 ( Reporting)12.9 ( Period,)12.9 ( the)12.9 ( Group\222s)12.9 ( revenue)12.9 ( amounted)12.9 ( to)12.8 ( RMB)12.9 (2)12.9 (,)12.8 (3)12.9 (7)12.9 (4)12.9 (,)12.9 (6)12.8 (0)12.9 (6)13 ( )]TJ 0.058 Tc 0 -1.231 TD [(thousand,)12.7 ( representing)12.7 ( a)12.8 ( decrease)12.7 ( of)12.7 ( RMB)12.7 (4)12.7 (2)12.6 (7)12.7 (,)12.7 (6)12.7 (3)12.7 (3)12.7 ( thousand)12.7 ( as)12.7 ( compared)12.7 ( to)33 ( )]TJ 0.025 Tc 0.064 Tw T* (RMB2,802,239 thousand as at 30 June 2019. The Group\222s gross profit am\ ounted )Tj 0.035 Tc 0.073 Tw 0 -1.231 TD [(to)10 ( )0.5 (RMB)10 (4)10 (6)10 (1)10 (,)10 (7)10 (6)10 (8)10 ( )0.5 (thousand,)10 ( )0.5 (representing)10 ( )0.5 (a)10 ( )0.6 (decrease)10 ( )0.5 (of)10 ( )0.5 (RMB)10 (2)10 (4)10 (6)10.1 (,)10 (4)10 (1)10 (7)10 ( )0.5 (thousand)10 ( )0.5 (as)10 ( )]TJ 0.045 Tc 0.07 Tw 0 -1.231 TD [(c)0.5 (o)0.6 (m)0.5 (p)0.5 (a)0.6 (r)0.5 (e)0.5 (d)13 ( )0.6 (t)0.5 (o)13 ( )0.5 (R)0.6 (M)0.5 (B)13 (7)13.1 (0)13 (8)13 (,)13 (1)13.1 (8)13 (5)13 ( )0.5 (t)0.6 (h)0.5 (o)0.5 (u)0.5 (s)0.6 (a)0.5 (n)0.5 (d)13.1 ( )0.5 (a)0.5 (s)13.1 ( )0.5 (a)0.5 (t)13.1 ( )0.5 (3)13 (0)13 ( )0.6 (J)0.5 (u)0.5 (n)0.5 (e)13.1 ( )0.5 (2)13 (0)13.1 (1)13 (9)13 (.)13 ( )0.6 (D)0.5 (u)0.5 (r)0.6 (i)0.5 (n)0.5 (g)13 ( )0.6 (t)0.5 (h)0.5 (e)13 ( )0.6 (R)0.5 (e)0.6 (p)0.5 (o)0.5 (r)0.5 (t)0.6 (i)0.5 (n)0.5 (g)20 ( )]TJ 0.025 Tc 0.002 Tw T* (Period, the Group\222s basic earnings per share were RMB0.12 \(six month\ s ended 30 )Tj 0 Tw T* (June 2019: RMB0.23\).)Tj 0.044 Tc 0.07 Tw 0 -2.462 TD [(The)12.2 ( profit)12.2 ( attributable)12.2 ( to)12.2 ( the)12.2 ( owners)12.2 ( of)12.1 ( the)12.2 ( parent)12.2 ( company)12.2 ( for)12.2 ( the)12.1 ( Reporting)19 ( )]TJ 0.095 Tc 0 -1.231 TD [(Period)12.3 ( amounted)12.3 ( to)12.3 ( RMB)12.4 (1)12.3 (5)12.3 (7)12.3 (,)12.3 (6)12.4 (9)12.3 (6)12.3 ( thousand,)12.4 ( representing)12.3 ( a)12.4 ( decrease)12.3 ( of)70 ( )]TJ 0.028 Tc 0.08 Tw T* [(RMB)3 (1)3 (3)3 (9)3 (,)3 (5)3 (0)3 (5)3 ( )0.5 (thousand,)3 ( )0.5 (or)3 ( )0.5 (4)3 (6)3 (.)3 (9)3 (4)3 (%,)3 ( )0.5 (as)3 ( )0.5 (compared)3 ( )0.5 (to)3 ( )0.5 (RMB)3 (2)3 (9)3 (7)3 (,)3 (2)3 (0)3 (1)3 ( )0.5 (thousand)3 ( )0.5 (as)3 ( )0.5 (at)3 ( )]TJ 0.025 Tc 0.079 Tw T* (30 June 2019, which was mainly due to the decrease in gross profit as im\ pacted )Tj 0.007 Tw T* (by the continuing decline in the market price of lithium salts during th\ e Reporting )Tj -0.025 Tw T* (Period.)Tj /T1_1 1 Tf 0 Tw -2.181 -2.462 Td [(2. )-1105.5 (Analysis of revenue and cost)]TJ /T1_0 1 Tf 0.042 Tw 2.181 -2.462 Td (During the Reporting Period, the Group derived its revenue from sales of\ lithium )Tj 0.035 Tc 0.073 Tw T* [(compounds,)10 ( )0.5 (lithium)10 ( )0.5 (metals,)10 ( )0.5 (lithium)10 ( )0.6 (batteries)10 ( )0.5 (and)10 ( )0.5 (other)10.1 ( )0.5 (products.)10 ( )0.5 (Total)10.1 ( )0.5 (revenue)10 ( )]TJ 0.025 Tc 0.04 Tw T* (decreased by RMB427,633 thousand from RMB2,802,239 thousand as at 30 Jun\ e )Tj 0.023 Tw T* (2019 to RMB2,374,606 thousand as at 30 June 2020. The decline in total r\ evenue )Tj 0.036 Tc 0.072 Tw T* [(was)11 ( )0.5 (mainly)11 ( )0.5 (due)11 ( )0.5 (to)11 ( )0.5 (the)11 ( )0.5 (decrease)11.1 ( )0.5 (in)11 ( )0.5 (sales)11 ( )0.5 (revenue)11 ( )0.5 (as)11 ( )0.5 (impacted)11 ( )0.5 (by)11 ( )0.5 (the)11 ( )0.5 (continuing)11 ( )]TJ 0.025 Tc 0 Tw T* (decline in the market price of lithium salts for the Reporting Period.)Tj /T1_1 1 Tf 13 0 3.4833 13 83.7052 328.409 Tm [(1\) )-1022.5 (Analysis of revenue by products and regions)]TJ /T1_0 1 Tf 0.068 Tc 0.07 Tw 13 0 0 13 113.3858 296.409 Tm [(The)12.3 ( following)12.3 ( table)12.3 ( sets)12.3 ( forth)12.3 ( an)12.3 ( analysis)12.3 ( of)12.3 ( revenue)12.3 ( by)12.3 ( products,)12.3 ( by)43 ( )]TJ 0.035 Tc 0.073 Tw T* [(sales)10 ( )0.6 (regions)10 ( )0.5 (and)10 ( )0.5 (by)10 ( )0.5 (end)10 ( )0.5 (customers,)10 ( )0.5 (expressed)10 ( in)10 ( )0.5 (absolute)10 ( )0.5 (amounts)10 ( )0.5 (and)10 ( )0.5 (as)10 ( )]TJ 0.025 Tc 0 Tw T* (percentages of total revenue, for the years and periods indicated.)Tj 0 -2.462 TD (By products:)Tj /T1_1 1 Tf 11.7 0 0 13 256.7353 200.409 Tm (For the six months ended )Tj 2.761 -1.231 Td (30 June 2020)Tj /T1_0 1 Tf 10.171 1.231 Td (For the six months ended )Tj 2.539 -1.231 Td (30 June 2019)Tj /T1_1 1 Tf -0.025 Tw 11.7 0 3.4833 13 265.6495 168.409 Tm (RMB\222000)Tj 0 Tc 0 Tw 9.615 0 Td (%)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 3.093 0 Td (RMB\222000)Tj 0 Tc 0 Tw 11.7 0 0 13 528.8367 168.409 Tm (%)Tj 0.025 Tc -35.509 -2.462 Td (Lithium metal and lithium )Tj -0.025 Tw 1.114 -1.231 Td (compound)Tj /T1_1 1 Tf 12.13 0 Td (1,780,325)Tj 8.149 0 Td (74.97)Tj /T1_0 1 Tf 4.449 0 Td (2,260,350)Tj 8.149 0 Td (80.66)Tj 0 Tw -33.992 -1.231 Td (Lithium battery)Tj /T1_1 1 Tf -0.025 Tw 14.044 0 Td (414,036)Tj 7.349 0 Td (17.44)Tj /T1_0 1 Tf 5.249 0 Td (266,369)Tj 7.874 0 Td (9.51)Tj -34.517 -1.231 Td (Others )Tj 11.7 0 3.4833 13 148.2158 88.409 Tm (\(Note\))Tj /T1_1 1 Tf 11.7 0 0 13 277.7004 88.409 Tm (180,245)Tj 7.874 0 Td (7.59)Tj /T1_0 1 Tf 4.724 0 Td (275,520)Tj 7.874 0 Td (9.83)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 83.9989 cm 0 0 m 62.362 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 249.4488 85.3999 Tm ( )Tj ET q 1 0 0 1 328.8189 83.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1496 85.3999 Tm ( )Tj ET q 1 0 0 1 402.5197 83.9989 cm 0 0 m 62.362 0 l S Q BT /T1_0 1 Tf 13 0 0 13 396.8504 85.3999 Tm ( )Tj ET q 1 0 0 1 476.2205 83.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 85.3999 Tm ( )Tj 0.025 Tc -0.025 Tw 11.7 0 0 13 113.3858 53.3999 Tm (Total)Tj /T1_1 1 Tf 13.244 0 Td (2,374,606)Tj 7.624 0 Td (100.00)Tj /T1_0 1 Tf 4.974 0 Td (2,802,239)Tj 8.149 0 Td (100.0)Tj ET 2.5 w q 1 0 0 1 255.1181 47.8354 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 44.5029 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4488 45.7364 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8189 47.8354 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8189 44.5029 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1496 45.7364 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5197 47.8354 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5197 44.5029 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8504 45.7364 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2205 47.8354 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2205 44.5029 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 45.7364 Tm ( )Tj ET endstream endobj 85 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 36 \226)Tj 0.054 Tc 0.07 Tw 13 0 0 13 85.0394 776.3179 Tm [(\225)29 ( )-1431.5 (Development)12.6 ( and)12.5 ( production)12.6 ( of)12.6 ( solid)12.5 ( electrolytes)12.5 ( and)12.6 ( anodes)12.6 ( for)12.5 ( solid-)]TJ 0.027 Tc 0.081 Tw 2.181 -1.192 Td [(state)2 ( lithium)2 ( )0.5 (batteries,)2 ( )0.5 (and)1.9 ( )0.5 (research)2 ( )0.5 (and)2 ( )0.5 (development)2 ( )0.5 (on)2 ( )0.5 (solid-state)2 ( )0.5 (lithium)2 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.192 TD (batteries;)Tj 0 Tw -2.181 -2.385 Td [(\225 )-1530.5 (Secondary utilization and recycling of lithium batteries;)]TJ 0.062 Tc 0.07 Tw 0 -2.385 TD [(\225)37 ( )-1423.5 (Improvement)12.6 ( of)12.7 ( production)12.6 ( techniques)12.6 ( and)12.6 ( leveling)12.6 ( up)12.6 ( automation)12.6 ( for)37 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.192 Td (existing products;)Tj 0.003 Tw -2.181 -2.385 Td [(\225 )-1527.5 (Customized processes and extraction methods for lithium raw materials fr\ om )]TJ 0 Tw 2.181 -1.192 Td (different types of salt lake brines;)Tj -2.181 -2.385 Td [(\225 )-1530.5 (Production of lithium motive power batteries and energy storage batterie\ s.)]TJ /T1_1 1 Tf 0.096 Tc 0.07 Tw -2.181 -2.385 Td [(6)71 (.)71 ( )-964.5 (Develop)12.7 ( into)12.6 ( a)12.6 ( supplier)12.6 ( of)12.6 ( integrated)12.7 ( solutions)12.6 ( to)12.5 ( deepen)12.6 ( customer)71 ( )]TJ 0.025 Tc -0.025 Tw 2.181 -1.192 Td (relationships)Tj /T1_0 1 Tf 0.073 Tc 0.07 Tw 0 -2.385 TD [(The)12.9 ( Company)12.9 ( is)12.9 ( positioned)12.9 ( as)12.9 ( a)12.8 ( total)12.8 ( solutions)12.9 ( provider)12.9 ( to)12.9 ( accentuate)12.9 ( its)48 ( )]TJ 0.051 Tc 0 -1.192 TD [(role)12.3 ( in)12.3 ( the)12.3 ( development)12.2 ( and)12.3 ( production)12.3 ( process,)12.3 ( and)12.3 ( deepens)12.2 ( its)12.3 ( cooperative)26 ( )]TJ 0.039 Tc T* [(relationships)12.5 ( with)12.5 ( customers)12.6 ( by)12.6 ( forming)12.5 ( strategic)12.5 ( alliances)12.6 ( with)12.5 ( its)12.6 ( customers,)14 ( )]TJ 0.041 Tc 0 -1.192 TD [(fa)0.5 (cilita)0.5 (ting)12.9 ( )0.5 (more)12.9 ( )0.5 (frequ)0.5 (ent)12.9 ( c)0.5 (ommuni)0.5 (cati)0.5 (ons)12.9 ( a)0.5 (nd)12.9 ( pro)0.5 (viding)13 ( more)13 ( comp)0.5 (rehe)0.5 (nsive)16 ( )]TJ 0.036 Tc 0.072 Tw 0 -1.192 TD [(services.)11 ( )0.5 (As)11 ( )0.5 (a)11 ( )0.5 (vertically)11 ( )0.5 (integrated)11 ( )0.5 (supplier,)11 ( )0.5 (the)11 ( )0.5 (Company)11 ( )0.5 (aims)11 ( )0.5 (to)10.9 ( )0.6 (leverage)11 ( )0.5 (the)11 ( )]TJ 0.039 Tc 0.07 Tw T* [(synergies)12 ( among)12 ( different)12.1 ( business)12.1 ( segments)12.1 ( and)12.1 ( provide)12.1 ( customers)12 ( with)12.1 ( total)14 ( )]TJ T* [(so)0.5 (lutio)0.5 (ns)12.9 ( t)0.5 (hrou)0.5 (gh)12.9 ( t)0.5 (he)12.9 ( i)0.5 (ndus)0.5 (try)13 ( val)0.5 (ue)12.9 ( c)0.5 (ha)0.5 (in,)12.9 ( i)0.5 (nclu)0.5 (ding)13 ( se)0.5 (curi)0.5 (ng)12.9 ( s)0.5 (tab)0.5 (le)12.9 ( s)0.5 (uppl)0.5 (y)12.9 ( of)14 ( )]TJ 0.055 Tc 0 -1.192 TD [(li)0.5 (th)0.5 (iu)0.5 (m)12.9 ( )0.5 (ra)0.5 (w)12.9 ( )0.5 (ma)0.5 (te)0.5 (ri)0.5 (al)0.5 (s,)13 ( p)0.5 (rov)0.5 (i)0.5 (din)0.5 (g)12.9 ( )0.5 (hi)0.5 (gh)12.9 ( )0.5 (qu)0.5 (al)0.5 (it)0.5 (y)12.9 ( )0.5 (lit)0.5 (hi)0.5 (um)13 ( c)0.5 (om)0.5 (po)0.5 (und)0.5 (s,)13 ( s)0.5 (up)0.5 (pl)0.5 (yin)0.5 (g)30 ( )]TJ 0.025 Tc 0.083 Tw 0 -1.192 TD [(advanced )0.5 (lithium )0.5 (batteries, )0.5 (and offering )0.5 (lithium )0.5 (battery )0.5 (recycling )0.5 (service, )0.5 (which )]TJ 0.019 Tw T* (help its customers optimize production costs, shorten production cycle, \ accelerate )Tj 0.044 Tc 0.07 Tw T* [(production)12.7 ( and)12.7 ( promote)12.8 ( sustainability.)12.7 ( By)12.7 ( deepening)12.7 ( its)12.7 ( relationships)12.7 ( with)12.7 ( its)19 ( )]TJ 0.025 Tc 0.036 Tw T* (blue-chip customers, the Company integrates its products and/or services\ into the )Tj 0.007 Tw 0 -1.192 TD (principal business of its customers, so as to enhance the revenue contri\ buted to its )Tj -0.025 Tw 0 -1.192 TD (customers.)Tj /T1_1 1 Tf 0 Tw -2.181 -2.385 Td [(7. )-1105.5 (Enhance capacities in business operation and management)]TJ /T1_0 1 Tf 0.054 Tc 0.07 Tw 2.181 -2.385 Td [(\225)29 ( )-1431.5 (Optimize)12.5 ( comprehensive)12.6 ( quality)12.6 ( monitoring)12.5 ( measures,)12.5 ( intensify)12.5 ( on-site)29 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.192 Td (management, and promote compliance of working safety rules;)Tj 0.103 Tc 0.07 Tw -2.181 -2.385 Td [(\225)78 ( )-1382.5 (Nurture)12.5 ( management)12.4 ( personnel,)12.5 ( replenish)12.4 ( personnel)12.5 ( reserve)12.5 ( with)78 ( )]TJ 0.076 Tc 2.181 -1.192 Td [(technologically-adept)12.3 ( and)12.3 ( veteran)12.3 ( employees,)12.3 ( and)12.3 ( enhance)12.3 ( technical)51 ( )]TJ 0.025 Tc 0 Tw T* (trainings for employees;)Tj 0.047 Tc 0.07 Tw -2.181 -2.385 Td [(\225)22 ( )-1438.5 (Cement)12.3 ( the)12.4 ( marketing,)12.4 ( logistics)12.4 ( and)12.3 ( sales)12.4 ( service)12.3 ( systems)12.4 ( so)12.4 ( as)12.3 ( to)12.4 ( make)22 ( )]TJ 0.027 Tc 0.081 Tw 2.181 -1.192 Td [(coordinated)1.9 ( )0.5 (arrangements)2 ( )0.5 (among)2 ( )0.5 (production,)2 ( warehousing)2 ( )0.5 (and)2 ( )0.5 (distribution,)2 ( )]TJ 0.024 Tc 0 Tw T* [(optimize logistics, reduce transportation costs, improve the ability to \ respond)-1 ( )]TJ 0.025 Tc T* (to the requests of customers and level up efficiency and service standar\ ds;)Tj 0.036 Tc 0.072 Tw -2.181 -2.385 Td [(\225)11 ( )-1447.5 (Protect)11.1 ( resources)11 ( )0.5 (and)10.9 ( )0.6 (reduce)11.1 ( )0.5 (carbon)11 ( )0.5 (emission)11 ( )0.6 (so)11 ( )0.5 (as)11 ( )0.5 (to)11 ( )0.5 (achieve)11 ( )0.5 (sustainable)11 ( )]TJ 0.025 Tc -0.025 Tw 2.181 -1.192 Td (growth.)Tj ET endstream endobj 45 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 46 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 47 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 48 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 49 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 99 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 35 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.0055 Tm [(3. )-1105.5 (Develop lithium battery business)]TJ /T1_0 1 Tf 0.07 Tc 0.07 Tw 2.181 -2.462 Td [(The)13 ( Com)0.5 (pany)13 ( inte)0.5 (nds)13 ( to)12.9 ( f)0.5 (urthe)0.5 (r)12.9 ( d)0.5 (evel)0.5 (op)12.9 ( a)0.5 (nd)12.9 ( up)0.5 (grad)0.5 (e)12.9 ( th)0.5 (e)12.9 ( e)0.5 (xisti)0.5 (ng)12.9 ( l)0.5 (ithiu)0.5 (m)45 ( )]TJ 0.05 Tc 0 -1.231 TD [(battery)12.7 ( production)12.7 ( and)12.7 ( carry)12.8 ( out)12.8 ( the)12.8 ( technological)12.8 ( research)12.7 ( and)12.8 ( development)25.1 ( )]TJ 0.055 Tc -0.055 Tw T* (\(\223)Tj /T1_1 1 Tf (R&D)Tj /T1_0 1 Tf 0.07 Tw [(\224\))12.2 ( and)12.1 ( industrialization)12.1 ( in)12.1 ( relation)12.1 ( to)12.1 ( a)12.2 ( new)12.1 ( generation)12.1 ( of)12.1 ( solid-state)30 ( )]TJ 0.025 Tc 0.038 Tw T* (lithium battery for the sake of our future growth. In the future, the Co\ mpany will )Tj 0.055 Tw T* (expand production capacity and output for consumer batteries, power and \ energy )Tj 0.043 Tc 0.07 Tw 0 -1.231 TD [(storage)12.2 ( batteries,)12.2 ( and)12.1 ( TWS)12.2 ( wireless)12.2 ( Bluetooth)12.1 ( headset)12.2 ( batteries,)12.1 ( and)12.1 ( continue)18 ( )]TJ 0.034 Tc 0.074 Tw 0 -1.231 TD [(to)9 ( )0.5 (accumulate)9 ( )0.5 (market)9 ( )0.5 (reputation)9 ( )0.5 (with)9 ( )0.5 (superior)9 ( )0.5 (quality.)9 ( )0.5 (Ningbo)9 ( )0.5 (solid)9 ( )0.5 (electrolyte)9 ( )]TJ 0.04 Tc 0.07 Tw T* [(powder)12.9 ( materials)12.9 ( and)12.9 ( solid)12.8 ( diaphragm)12.9 ( production)12.9 ( technology)12.8 ( are)12.9 ( continuously)15 ( )]TJ 0.035 Tc 0.073 Tw T* [(optimized.)10 ( )0.5 (The)10 ( )0.5 (Company)10 ( )0.6 (will)10 ( )0.5 (further)10 ( )0.5 (accelerate)10 ( )0.5 (the)10.1 ( commercialization)10 ( )0.5 (of)10 ( )0.5 (solid)10 ( )]TJ 0.025 Tc 0 Tw T* (lithium battery technology.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(4. )-1105.5 (Develop lithium battery recycling business)]TJ /T1_0 1 Tf 0.074 Tw 2.181 -2.462 Td (With increasing demand for retired battery management growing in tandem \ with )Tj 0.077 Tw T* (the use of automobiless and consumer electronics, the Company\222s lithiu\ m battery )Tj 0.041 Tc 0.07 Tw T* [(recycling)12.6 ( business)12.6 ( has)12.6 ( a)12.6 ( promising)12.6 ( growth)12.6 ( potential,)12.6 ( and)12.6 ( enables)12.6 ( us)12.6 ( to)12.6 ( further)16 ( )]TJ 0.051 Tc T* [(e)0.5 (n)0.5 (r)0.6 (i)0.5 (c)0.5 (h)13 ( )0.5 (o)0.6 (ur)13.1 ( )0.5 (l)0.5 (i)0.5 (t)0.5 (h)0.5 (i)0.6 (u)0.5 (m)13 ( )0.5 (r)0.5 (a)0.5 (w)13.1 ( )0.5 (m)0.5 (a)0.5 (t)0.5 (e)0.6 (r)0.5 (i)0.5 (a)0.5 (l)13 ( )0.6 (s)0.5 (o)0.5 (u)0.5 (r)0.5 (c)0.5 (e)0.6 (s)0.5 (.)13 ( )0.5 (F)0.5 (u)0.5 (r)0.6 (t)0.5 (h)0.5 (e)0.5 (r)0.5 (m)0.5 (o)0.6 (r)0.5 (e)0.5 (,)13 ( )0.5 (t)0.5 (h)0.6 (e)13 ( )0.5 (C)0.5 (o)0.5 (m)0.5 (p)0.6 (a)0.5 (n)0.5 (y)0.5 (\222)0.5 (s)13 ( )0.6 (a)0.5 (b)0.5 (i)0.5 (l)0.5 (i)0.5 (t)0.5 (y)26 ( )]TJ 0.037 Tc 0.071 Tw T* [(to)12 ( )0.5 (recycle)12 ( )0.5 (lithium)12 ( )0.5 (batteries)12 ( )0.5 (offers)12 ( )0.5 (a)12.1 ( sustainable)12 ( )0.5 (value-added)12 ( )0.5 (solution)12 ( )0.5 (to)12 ( )0.5 (battery)12 ( )]TJ 0.051 Tc 0.07 Tw 0 -1.231 TD [(manufacturers)12.1 ( and)12.1 ( electric)12.2 ( vehicle)12.2 ( manufacturers,)12.2 ( which)12.2 ( help)12.2 ( strengthen)12.2 ( our)26 ( )]TJ 0.029 Tc 0.079 Tw 0 -1.231 TD [(ties)4 ( )0.5 (with)4 ( )0.5 (such)4 ( )0.5 (customers,)4 ( )0.5 (expand)4 ( )0.5 (the)4 ( )0.5 (scale)4 ( )0.5 (of)4 ( )0.5 (battery)4 ( )0.5 (recycling)4 ( )0.5 (and)4 ( )0.5 (improve)4.1 ( )0.5 (the)4 ( )]TJ 0.047 Tc 0.07 Tw T* [(tec)0.5 (hnologies)13 ( of)12.9 ( our)13 ( batter)0.5 (y)12.9 ( recyc)0.5 (ling)12.9 ( bus)0.5 (iness.)12.9 ( T)0.5 (o)12.9 ( promote)13 ( susta)0.5 (inability)13 ( and)22 ( )]TJ 0.045 Tc T* [(c)0.5 (r)0.5 (e)0.6 (a)0.5 (t)0.5 (e)13 ( )0.5 (a)0.6 (d)0.5 (d)0.5 (i)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.5 (a)0.5 (l)13 ( )0.5 (r)0.6 (e)0.5 (v)0.5 (e)0.5 (n)0.5 (u)0.5 (e)13 ( )0.6 (s)0.5 (o)0.5 (u)0.5 (r)0.5 (c)0.5 (e)0.6 (s)0.5 (,)13 ( )0.5 (t)0.5 (h)0.5 (e)13 ( )0.6 (C)0.5 (o)0.5 (m)0.5 (p)0.5 (a)0.5 (n)0.5 (y)13 ( )0.5 (a)0.6 (i)0.5 (m)0.5 (s)13 ( )0.5 (t)0.5 (o)13 ( )0.5 (l)0.5 (e)0.6 (v)0.5 (e)0.5 (r)0.5 (a)0.5 (g)0.5 (e)13.1 ( )0.5 (t)0.5 (h)0.5 (e)13 ( )0.5 (g)0.5 (r)0.5 (o)0.6 (w)0.5 (i)0.5 (n)0.5 (g)20 ( )]TJ 0.05 Tc T* [(number)12.4 ( of)12.3 ( retired)12.4 ( lithium)12.4 ( batteries)12.4 ( and)12.4 ( become)12.4 ( one)12.4 ( of)12.4 ( the)12.3 ( leading)12.4 ( players)12.4 ( in)25 ( )]TJ 0.025 Tc 0.068 Tw T* (lithium battery recycling area across the globe. In this aspect, the ret\ ired lithium )Tj 0.038 Tc 0.07 Tw T* [(battery)12.6 ( disassembling)12.6 ( and)12.6 ( comprehensive)12.6 ( rare)12.6 ( metal)12.6 ( recycling)12.6 ( project)12.6 ( invested)13 ( )]TJ 0.048 Tc T* [(and)12.7 ( constructed)12.7 ( by)12.7 ( Ganfeng)12.7 ( Recycling)12.7 ( has)12.8 ( achieved)12.7 ( a)12.7 ( recycling)12.8 ( and)12.7 ( disposal)23 ( )]TJ 0.047 Tc T* [(capability)12.8 ( of)12.9 ( 3)12.8 (4)12.8 (,)12.8 (0)12.8 (0)12.8 (0)12.8 ( tons.)12.9 ( In)12.8 ( the)12.8 ( future)12.8 ( plan,)12.8 ( the)12.8 ( Company)12.8 ( will)12.8 ( build)12.8 ( a)12.8 ( large-)]TJ 0.052 Tc T* [(scale)12.2 ( comprehensive)12.2 ( facility)12.1 ( that)12.2 ( can)12.2 ( recycle)12.2 ( 1)12.2 (0)12.2 (0)12.1 (,)12.2 (0)12.2 (0)12.1 (0)12.2 ( tons)12.1 ( of)12.2 ( retired)12.2 ( lithium)27 ( )]TJ 0.027 Tc 0.081 Tw T* [(b)0.5 (a)0.5 (t)0.5 (t)0.5 (e)0.6 (r)0.5 (i)0.5 (e)0.5 (s)2 ( )0.5 (p)0.5 (e)0.5 (r)2 ( )0.5 (y)0.5 (e)0.5 (a)0.5 (r)0.6 (.)2 ( )0.5 (T)0.5 (h)0.5 (e)2 ( )0.5 (C)0.5 (o)0.5 (m)0.5 (p)0.5 (a)0.5 (n)0.5 (y)2 ( )0.5 (c)0.5 (o)0.5 (n)0.5 (t)0.6 (in)0.6 (u)0.5 (e)0.5 (s)2 ( )0.5 (t)0.5 (o)2 ( )0.5 (e)0.5 (x)0.5 (p)0.5 (a)0.5 (n)0.5 (d)2 ( )0.5 (d)0.5 (o)0.5 (w)0.5 (n)0.5 (s)0.6 (t)0.5 (r)0.5 (e)0.5 (a)0.5 (m)2 ( )0.5 (b)0.5 (y)2 ( )0.5 (e)0.5 (x)0.5 (p)0.5 (a)0.5 (n)0.6 (d)0.5 (i)0.5 (n)0.5 (g)2 ( )]TJ 0.025 Tc 0.07 Tw T* [(the )0.5 (production )0.5 (capacity )0.5 (of )0.5 (our )0.5 (lithium )0.5 (battery )0.5 (recycling business )0.5 (and )0.5 (developing )]TJ 0 Tw T* (a specialty in recycling and reusing retired batteries.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(5. )-1105.5 (Further enhance R&D and innovation capabilities)]TJ /T1_0 1 Tf 0.047 Tw 2.181 -2.462 Td (Committed to technological R&D, the Company will capitalize on its capac\ ity as )Tj 0.059 Tw T* (National Post-doctoral Research Station, National Enterprise Technology \ Center, )Tj 0.074 Tw T* (National Engineering Research Center, Academic Station and other researc\ h and )Tj 0.044 Tc 0.07 Tw T* [(development)12.6 ( platforms)12.6 ( to)12.5 ( strengthen)12.6 ( long-term)12.5 ( cooperative)12.6 ( relationships)12.5 ( with)19 ( )]TJ 0.035 Tc 0.073 Tw T* [(domestic)10.1 ( and)10 ( )0.5 (overseas)10 ( )0.5 (colleges)10.1 ( )0.5 (and)10 ( )0.5 (universities)10 ( )0.5 (as)10 ( )0.5 (well)10 ( )0.5 (as)10 ( )0.5 (scientific)10.1 ( )0.5 (academies)10 ( )]TJ 0.039 Tc 0.07 Tw T* [(for)12.3 ( joint)12.2 ( development)12.2 ( of)12.3 ( new)12.3 ( products,)12.2 ( technologies)12.2 ( and)12.3 ( processes)12.3 ( and)12.2 ( in)12.2 ( turn)14.1 ( )]TJ 0.028 Tc 0.08 Tw T* [(f)0.5 (u)0.6 (r)0.5 (t)0.5 (h)0.6 (e)0.5 (r)3 ( )0.5 (i)0.6 (m)0.5 (p)0.5 (r)0.6 (o)0.5 (v)0.5 (e)3 ( )0.5 (i)0.6 (t)0.5 (s)3 ( )0.5 (i)0.5 (n)0.6 (n)0.5 (o)0.5 (v)0.6 (a)0.5 (t)0.5 (i)0.6 (o)0.5 (n)3 ( )0.5 (c)0.5 (a)0.6 (p)0.5 (a)0.6 (b)0.5 (i)0.5 (l)0.6 (i)0.5 (t)0.5 (y)0.6 (.)3 ( T)0.6 (h)0.5 (e)3 ( )0.6 (C)0.5 (o)0.5 (m)0.5 (p)0.6 (a)0.5 (n)0.5 (y)3 ( )0.6 (w)0.5 (i)0.5 (l)0.6 (l)3 ( )0.5 (f)0.5 (u)0.5 (r)0.6 (t)0.5 (h)0.5 (e)0.6 (r)3 ( )0.5 (i)0.5 (m)0.6 (p)0.5 (r)0.5 (o)0.6 (v)0.5 (e)3 ( )0.5 (i)0.5 (t)0.6 (s)3 ( )]TJ 0.03 Tc 0.078 Tw T* [(lithium)5 ( )0.5 (extraction)5 ( )0.5 (methods)5 ( )0.5 (and)5 ( )0.5 (high)5 ( )0.5 (purity)5 ( )0.6 (lithium)5 ( )0.5 (processing)5 ( )0.5 (techniques,)5 ( )0.5 (so)5 ( )0.5 (as)5 ( )]TJ 0.025 Tc 0.01 Tw T* [(to )0.5 (maintain )0.5 (its )0.5 (technological edge )0.5 (in )0.5 (the global )0.5 (lithium )0.5 (industry. Our )0.5 (R&D )0.5 (efforts )]TJ -0.025 Tw T* (include:)Tj ET endstream endobj 98 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 34 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (FUTURE DEVELOPMENT STRATEGY OF THE COMPANY)Tj 0.072 Tc 0.07 Tw 0 -2.462 TD [(1)47 (.)47 ( )-988.5 (Consolidate)12.4 ( the)12.4 ( advantages)12.4 ( and)12.4 ( continue)12.4 ( to)12.3 ( acquire)12.4 ( upstream)12.3 ( lithium)47 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.231 Td (resources globally)Tj /T1_0 1 Tf 0.041 Tc 0.07 Tw T* [(Securing)12.6 ( high-quality)12.6 ( and)12.6 ( stable)12.6 ( lithium)12.6 ( resources)12.6 ( is)12.6 ( fundamental)12.6 ( to)12.6 ( the)12.6 ( long-)]TJ 0.025 Tc 0.052 Tw 0 -1.231 TD (term sustainable growth of our business. The Company will continuously e\ xpand )Tj 0.037 Tc 0.071 Tw 0 -1.231 TD [(i)0.5 (t)0.5 (s)12 ( )0.5 (c)0.5 (u)0.5 (r)0.5 (re)0.5 (n)0.5 (t)12 ( )0.5 (l)0.5 (i)0.5 (t)0.5 (hi)0.5 (u)0.5 (m)12 ( )0.5 (r)0.5 (e)0.5 (s)0.5 (o)0.5 (u)0.5 (rc)0.6 (es)12.1 ( )0.5 (po)0.5 (r)0.5 (t)0.5 (f)0.5 (o)0.5 (li)0.5 (o)12 ( )0.5 (t)0.5 (h)0.5 (r)0.5 (o)0.5 (u)0.5 (gh)12 ( )0.5 (f)0.5 (u)0.5 (r)0.5 (t)0.5 (h)0.5 (e)0.5 (r)12 ( )0.5 (m)0.5 (e)0.5 (r)0.5 (ge)0.5 (r)0.5 (s)12 ( )0.5 (a)0.5 (n)0.5 (d)12 ( )0.5 (a)0.5 (c)0.5 (q)0.5 (u)0.5 (is)0.5 (i)0.5 (t)0.5 (i)0.5 (o)0.5 (ns)12.1 ( )]TJ 0.04 Tc 0.07 Tw 0 -1.231 TD [(and)12.2 ( exploration,)12.2 ( with)12.2 ( a)12.2 ( focus)12.2 ( on)12.2 ( brine-based)12.2 ( extraction)12.2 ( development.)12.2 ( In)12.2 ( 2)12.1 (0)12.3 (2)12.1 (0)12.2 (,)15 ( )]TJ 0.025 Tc 0.038 Tw T* (the Company plans to increase its stake in Minera Exar in Argentina to 5\ 1%, and )Tj 0.043 Tc 0.07 Tw T* [(proactively)12.8 ( advance)12.8 ( the)12.8 ( development)12.8 ( and)12.8 ( construction)12.8 ( of)12.8 ( the)12.9 ( Cauchari-Olaroz)18.1 ( )]TJ 0.025 Tc 0.024 Tw T* (lithium salt lake project, which is scheduled to be put into operation i\ n 2021. The )Tj 0.03 Tc 0.078 Tw T* [(feasibility)5 ( )0.5 (study)5 ( )0.5 (of)5 ( )0.5 (Mariana)5.1 ( )0.5 (Project)5 ( )0.5 (in)5 ( )0.5 (Argentina)5 ( )0.5 (was)5 ( )0.5 (successfully)5 ( )0.5 (completed)5 ( )0.5 (in)5 ( )]TJ 0.025 Tc 0.082 Tw T* (2019, and the project is getting to start environment assessment, pilot \ scale test, )Tj 0.03 Tw T* (and design of plant construction. The Company acquired the equity of the\ Sonora )Tj 0.045 Tc 0.07 Tw T* [(p)0.5 (r)0.5 (o)0.6 (j)0.5 (e)0.5 (c)0.5 (t)13.1 ( )0.5 (i)0.5 (n)13 ( )0.5 (M)0.5 (e)0.6 (x)0.5 (i)0.5 (c)0.5 (o)13 ( )0.6 (i)0.5 (n)13 ( )0.5 (2)13 (0)13 (1)13.1 (9)13 (,)13 ( )0.5 (w)0.5 (h)0.6 (i)0.5 (c)0.5 (h)13 ( )0.5 (w)0.6 (i)0.5 (l)0.5 (l)13 ( )0.5 (b)0.6 (e)0.5 (c)0.5 (o)0.5 (m)0.5 (e)13.1 ( )0.5 (t)0.5 (h)0.5 (e)13 ( )0.6 (w)0.5 (o)0.5 (r)0.5 (l)0.6 (d)0.5 (\222)0.5 (s)13 ( )0.5 (l)0.6 (e)0.5 (a)0.5 (d)0.5 (i)0.6 (n)0.5 (g)13 ( )0.5 (p)0.5 (r)0.5 (o)0.6 (j)0.5 (e)0.5 (c)0.5 (t)13 ( )0.6 (f)0.5 (o)0.5 (r)20 ( )]TJ 0.025 Tc 0.076 Tw T* [(extracting )0.5 (lithium )0.5 (from )0.5 (clay. )0.5 (The )0.6 (Company )0.6 (will )0.6 (continue )0.5 (to )0.5 (actively )0.5 (explore )0.5 (the )]TJ 0.03 Tc 0.078 Tw T* [(possibility)5 ( )0.5 (of)5 ( )0.5 (acquiring)5 ( )0.5 (further)4.9 ( )0.6 (sources)5 ( )0.5 (of)5 ( )0.5 (lithium)5 ( )0.5 (by)5 ( )0.5 (virtue)5 ( )0.5 (of)5 ( )0.5 (experience)5 ( )0.5 (along)5 ( )]TJ 0.043 Tc 0.07 Tw T* [(the)12.7 ( industry)12.7 ( value)12.7 ( chain)12.7 ( and)12.7 ( insights)12.7 ( into)12.7 ( the)12.7 ( market)12.7 ( trends)12.7 ( in)12.7 ( order)12.7 ( to)12.7 ( enrich)18 ( )]TJ T* [(the)12.3 ( core)12.3 ( portfolio)12.2 ( of)12.2 ( high-quality)12.2 ( lithium)12.3 ( resources)12.3 ( and)12.2 ( provide)12.3 ( reliable)12.3 ( high-)]TJ 0.025 Tc 0.031 Tw 0 -1.231 TD [(quality )0.5 (supply )0.5 (of )0.5 (lithium )0.5 (resources )0.5 (for )0.5 (the )0.6 (further )0.5 (enhancement )0.5 (of )0.5 (midstream )0.5 (and )]TJ 0 Tw 0 -1.231 TD (downstream operations.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(2. )-1105.5 (Expand the production capacity of treatment and processing facilities)]TJ /T1_0 1 Tf 0.023 Tc 2.181 -2.462 Td [(The Company has planned for a series of capacity expansions of its manuf\ acturing)-2 ( )]TJ 0.025 Tc 0.081 Tw T* (facilities to capitalize on the growing demand of lithium and solidify i\ ts leading )Tj 0.024 Tc 0 Tw T* [(position in the lithium products industry. The Company is building a bat\ tery grade)-1 ( )]TJ 0.04 Tc 0.07 Tw T* [(lithium)12.8 ( hydroxide)12.8 ( production)12.8 ( line)12.8 ( with)12.8 ( a)12.9 ( production)12.8 ( capacity)12.8 ( of)12.8 ( 5)12.8 (0)12.8 (,)12.8 (0)12.8 (0)12.8 (0)12.8 ( tonnes)15 ( )]TJ 0.025 Tc 0.066 Tw T* (per annum at Basic Lithium Plant in Xinyu, which targets commissioning b\ y the )Tj 0.005 Tw T* (end of 2020. The new production facilities will expand the Company\222s \ production )Tj 0.017 Tw T* (capacity to cope with the rapid growth of the business. The Company will\ expand )Tj 0.079 Tw T* (its production capacity based on the changes in and assessment of future\ market )Tj 0.023 Tc 0 Tw T* [(demands for lithium products and plans to establish a lithium carbonate \ equivalent)-2 ( )]TJ 0.037 Tc 0.071 Tw T* [(production)12 ( )0.5 (capacity)12 ( )0.5 (comprising)12 ( )0.5 (1)12 (0)12 (0)12 (,)12 (0)12 (0)12 (0)12 ( )0.5 (tonnes)12 ( )0.5 (per)12 ( )0.5 (annum)12 ( )0.5 (of)12 ( )0.6 (lithium)12 ( )0.5 (extracted)12.1 ( )]TJ 0.025 Tc 0.053 Tw 0 -1.231 TD (from ore and 100,000 tonnes per annum of lithium extracted from brine an\ d clay )Tj 0 Tw 0 -1.231 TD (in 2025.)Tj ET endstream endobj 97 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 33 \226)Tj 0.033 Tc 0.075 Tw 13 0 0 13 56.6929 776.3179 Tm [(During)8 ( )0.5 (the)8 ( )0.6 (Reporting)8 ( )0.5 (Period,)8 ( )0.5 (the)8 ( )0.5 (Group\222s)8 ( )0.5 (rebuilding)8.1 ( )0.5 (and)8 ( )0.5 (extension)8 ( )0.5 (of)8.1 ( basic)8 ( )0.5 (Lithium)8 ( )]TJ 0.024 Tc 0 Tw 0 -1.231 TD [(Plant Stage III was progressing smoothly, which is expected to be put in\ to operation by)-1 ( )]TJ 0.025 Tc 0.049 Tw T* (the end of 2020. During the Reporting Period, the Group actively deepene\ d the layout )Tj 0.04 Tc 0.07 Tw T* [(of)13 ( )0.5 (the)13 ( )0.5 (lit)0.5 (hi)0.5 (um)13 ( b)0.5 (at)0.5 (te)0.5 (ry)13 ( b)0.5 (u)0.5 (si)0.5 (nes)0.5 (s)13 ( s)0.5 (eg)0.5 (me)0.5 (nt)0.5 (.)12.9 ( )0.5 (Do)0.5 (ng)0.5 (gu)0.5 (an)13 ( G)0.5 (a)0.5 (nf)0.5 (en)0.5 (g)12.9 ( )0.5 (El)0.5 (ec)0.5 (tr)0.5 (on)0.5 (ic)0.5 (s)13 ( C)0.5 (o.,)13 ( L)0.5 (td)0.5 (.\222)0.5 (s)15 ( )]TJ 0.029 Tc 0.079 Tw T* [(full-automation)4 ( )0.5 (lithium)4 ( )0.5 (polymer)4 ( )0.5 (battery)4.1 ( production)4 ( )0.5 (line)4 ( )0.5 (and)4 ( )0.5 (Jiangxi)4 ( )0.5 (Ganfeng)4 ( )0.5 (Battery)4 ( )]TJ 0.026 Tc 0.082 Tw T* [(Technology)1 ( )0.5 (Co.,)1 ( )0.5 (Ltd.\222s)1 ( )0.6 (lithium)1 ( )0.5 (iron)1 ( )0.5 (phosphate)1 ( )0.5 (energy)1 ( )0.5 (storage)1 ( )0.5 (battery)1 ( )0.5 (production)1 ( )0.5 (line)1 ( )]TJ 0.041 Tc 0.07 Tw T* [(w)0.5 (er)0.5 (e)12.9 ( )0.5 (ru)0.5 (nn)0.5 (in)0.5 (g)12.9 ( )0.5 (sm)0.5 (oot)0.5 (hl)0.5 (y;)13 ( X)0.5 (in)0.5 (yu)13 ( G)0.5 (an)0.5 (f)0.5 (eng)13 ( E)0.5 (l)0.5 (ec)0.5 (tr)0.5 (on)0.5 (ic)0.5 (s)12.9 ( )0.5 (Co)0.5 (.,)13 ( L)0.5 (td)0.5 (.\222)13 ( T)0.5 (WS)13 ( b)0.5 (at)0.5 (te)0.5 (ri)0.5 (es)13 ( h)0.5 (a)0.5 (d)12.9 ( )0.5 (a)16 ( )]TJ 0.025 Tc 0.033 Tw 0 -1.231 TD (daily output of 100,000 to 120,000 sets; In terms of recycling retired l\ ithium batteries, )Tj 0.044 Tc 0.07 Tw 0 -1.231 TD [(the)12.4 ( Group)12.4 ( will)12.4 ( build)12.3 ( a)12.4 ( large-scale)12.4 ( comprehensive)12.4 ( facility)12.4 ( that)12.3 ( can)12.4 ( recover)12.4 ( 1)12.3 (0)12.4 (0)12.4 (,)12.4 (0)12.4 (0)12.3 (0)19.1 ( )]TJ 0.025 Tc 0.061 Tw T* (tons of retired lithium batteries per year, planned the layout of dozens\ of pre-disposal )Tj 0.038 Tc 0.07 Tw T* [(centers)12.9 ( nationwide,)12.8 ( and)12.8 ( actively)12.9 ( planned)12.9 ( an)12.8 ( overseas)12.9 ( battery)12.9 ( recycling)12.9 ( and)12.8 ( disposal)13 ( )]TJ 0.027 Tc 0.081 Tw T* [(network,)2 ( )0.5 (so)2 ( )0.5 (that)2 ( )0.5 (retired)2 ( )0.5 (batteries)2 ( )0.5 (can)2 ( )0.5 (be)2.1 ( delivered)1.9 ( )0.5 (and)2 ( )0.5 (dismantled)2 ( )0.5 (at)2 ( )0.5 (a)2 ( )0.5 (short)2 ( distance,)2 ( )]TJ 0.025 Tc 0 Tw T* (which improves safety attributes and facilitates local business operatio\ ns.)Tj 0.033 Tc 0.075 Tw 0 -2.462 TD [(During)8 ( )0.5 (the)8 ( )0.5 (Reporting)8 ( )0.5 (Period,)8 ( )0.5 (the)8 ( )0.5 (Company)8 ( )0.5 (actively)8 ( )0.5 (promoted)8 ( )0.5 (the)8 ( )0.5 (public)8 ( )0.5 (issuance)8 ( )0.5 (of)8 ( )]TJ 0.046 Tc 0.07 Tw 0 -1.231 TD [(A-share)12.8 ( convertible)12.7 ( corporate)12.8 ( bonds.)12.7 ( The)12.8 ( A-share)12.8 ( convertible)12.7 ( corporate)12.7 ( bonds)12.7 ( are)21.1 ( )]TJ 0.048 Tc T* [(i)0.5 (n)0.5 (te)0.6 (nd)0.5 (e)0.5 (d)13 ( )0.5 (t)0.5 (o)12.9 ( )0.5 (r)0.5 (a)0.5 (i)0.5 (s)0.5 (e)13 ( )0.5 (a)13 ( )0.5 (t)0.5 (ot)0.5 (a)0.5 (l)13 ( )0.5 (o)0.5 (f)13 ( )0.5 (RM)0.5 (B)13 (2)13 (,)13 (1)13 (0)13 (8)12.9 ( )0.5 (m)0.5 (i)0.5 (l)0.5 (l)0.5 (io)0.5 (n)0.5 (,)13 ( )0.5 (w)0.5 (h)0.5 (i)0.5 (ch)13 ( )0.5 (w)0.5 (i)0.5 (l)0.5 (l)13 ( )0.5 (be)13 ( )0.5 (u)0.5 (s)0.5 (e)0.5 (d)13 ( )0.5 (f)0.5 (or)13 ( )0.5 (s)0.5 (u)0.5 (b)0.5 (s)0.5 (c)0.5 (ri)0.5 (b)0.5 (i)0.5 (n)0.5 (g)23 ( )]TJ 0.046 Tc T* [(for)12.3 ( some)12.3 ( equity)12.2 ( interests)12.3 ( of)12.3 ( the)12.3 ( project)12.3 ( in)12.3 ( Minera)12.3 ( Exar)12.3 ( and)12.3 ( the)12.2 ( reconstruction)12.3 ( and)21 ( )]TJ 0.025 Tc 0.058 Tw T* (expansion project for the10,000-ton lithium salt. The Company received t\ he Approval )Tj 0.076 Tw T* (of the Public Issuance of Convertible Corporate Bonds by Ganfeng Lithium\ Co., Ltd. )Tj 0.033 Tc 0.075 Tw 0 -1.231 TD [(i)0.5 (s)0.5 (s)0.6 (u)0.5 (e)0.5 (d)8 ( )0.5 (b)0.6 (y)8 ( )0.5 (t)0.5 (h)0.5 (e)8 ( )0.5 (C)0.6 (h)0.5 (i)0.5 (n)0.5 (a)8 ( )0.5 (S)0.6 (e)0.5 (c)0.5 (u)0.6 (r)0.5 (i)0.5 (t)0.5 (i)0.5 (e)0.6 (s)8 ( )0.5 (R)0.5 (e)0.6 (g)0.5 (u)0.5 (l)0.5 (a)0.6 (t)0.5 (o)0.5 (r)0.5 (y)8 ( )0.5 (C)0.6 (o)0.5 (m)0.5 (m)0.5 (i)0.5 (s)0.6 (s)0.5 (i)0.5 (o)0.5 (n)8 ( )0.5 (o)0.6 (n)8 ( )0.5 (1)8 (3)8 ( )0.5 (J)0.5 (u)0.5 (l)0.6 (y)7.9 ( )0.6 (2)8 (0)8 (2)8 (0)8 ( )0.5 (\()0.5 (Z)0.5 (h)0.6 (e)0.5 (n)0.5 (g)8 ( )0.5 (J)0.5 (i)0.6 (a)0.5 (n)8 ( )]TJ 0.055 Tc 0.07 Tw 0 -1.231 TD [(Xu)12.3 ( Ke)12.4 ( [)12.3 (2)12.3 (0)12.3 (2)12.3 (0)12.3 (])12.3 ( No.)12.3 ( 1)12.3 (3)12.3 (9)12.3 (8)12.3 (\),)12.3 ( and)12.2 ( successfully)12.3 ( completed)12.3 ( the)12.3 ( issuance)12.3 ( of)12.3 ( convertible)30 ( )]TJ 0.037 Tc 0.071 Tw T* [(bonds)12 ( )0.5 (on)12 ( )0.5 (6)12 ( )0.5 (August)12 ( )0.5 (2)12 (0)12 (2)12 (0)12 (.)12 ( )0.5 (The)12 ( )0.5 (implementation)12 ( )0.5 (of)12 ( )0.5 (this)12 ( )0.5 (convertible)12 ( )0.5 (bond)12 ( )0.5 (issuance)12 ( )0.5 (and)12.1 ( )]TJ 0.046 Tc 0.07 Tw T* [(fundraising)12.9 ( project)12.9 ( is)12.9 ( expected)12.9 ( to)12.9 ( further)12.9 ( enhance)12.9 ( the)12.9 ( Company\222s)12.9 ( capital)12.9 ( strength,)21 ( )]TJ 0.025 Tc 0.01 Tw T* (reduce raw material costs, expand product scale, and consolidate its lea\ ding position in )Tj 0 Tw T* (the industry.)Tj ET endstream endobj 95 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 32 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (BUSINESS REVIEW)Tj /T1_0 1 Tf 0.105 Tc 0.07 Tw 0 -2.462 TD [(During)12.5 ( the)12.5 ( Reporting)12.4 ( Period,)12.5 ( the)12.5 ( Group)12.5 ( achieved)12.4 ( an)12.4 ( operating)12.4 ( income)12.4 ( of)80 ( )]TJ 0.047 Tc 0 -1.231 TD [(RMB)12.6 (2)12.6 (,)12.6 (3)12.6 (7)12.7 (4)12.6 (,)12.6 (6)12.6 (0)12.6 (6)12.6 ( thousand,)12.6 ( representing)12.6 ( a)12.6 ( decrease)12.6 ( of)12.6 ( 1)12.6 (5)12.6 (.)12.7 (2)12.6 (6)12.6 (%)12.6 ( as)12.6 ( compared)12.6 ( with)12.6 ( the)22 ( )]TJ 0.025 Tc 0.054 Tw T* (corresponding period last year; and the profits attributable to the owne\ rs of the parent )Tj 0.036 Tc 0.072 Tw T* [(company)11 ( )0.5 (of)11 ( )0.5 (RMB)11 (1)11 (5)11 (7)11 (,)11 (6)11 (9)11 (6)11 ( )0.5 (thousand,)11 ( )0.5 (representing)11 ( )0.5 (a)11 ( )0.5 (decrease)11 ( )0.5 (of)11 ( )0.5 (4)11 (6)11 (.)11 (9)11 (4)11 (%)11 ( )0.5 (as)11 ( )0.5 (compared)11 ( )]TJ 0.059 Tc 0.07 Tw T* [(with)12.8 ( the)12.9 ( corresponding)12.9 ( period)12.9 ( last)12.9 ( year.)12.9 ( At)12.9 ( the)12.9 ( end)12.9 ( of)12.9 ( the)12.9 ( Reporting)12.8 ( Period,)12.8 ( the)34 ( )]TJ 0.042 Tc 0 -1.231 TD [(total)12.4 ( assets)12.4 ( and)12.4 ( net)12.4 ( assets)12.4 ( of)12.4 ( the)12.4 ( Group)12.4 ( amounted)12.4 ( to)12.4 ( RMB)12.4 (1)12.4 (6)12.4 (,)12.4 (0)12.4 (1)12.4 (0)12.4 (,)12.5 (9)12.4 (1)12.4 (9)12.4 ( thousand)12.4 ( and)17 ( )]TJ 0.025 Tc 0.012 Tw 0 -1.231 TD (RMB8,261,549 thousand, representing an increase of 12.65% and a decrease\ of 1.77%, )Tj 0 Tw T* (respectively, as compared with the end of last year.)Tj 0.042 Tc 0.07 Tw 0 -2.462 TD [(During)12.5 ( the)12.6 ( Reporting)12.6 ( Period,)12.6 ( the)12.6 ( COVID-)12.6 (1)12.5 (9)12.6 ( pandemic)12.6 ( brought)12.6 ( along)12.6 ( an)12.5 ( impact)12.6 ( on)17 ( )]TJ 0.025 Tc 0.073 Tw 0 -1.231 TD (the Group\222s business performance and the development of the lithium i\ ndustry. Since )Tj 0.029 Tc 0.079 Tw T* [(the)4.1 ( outbreak)4 ( )0.5 (of)4 ( )0.5 (the)4.1 ( )0.5 (pandemic,)4 ( )0.5 (the)4 ( )0.5 (Group)4 ( )0.6 (has)4 ( )0.5 (paid)4 ( )0.5 (close)4.1 ( )0.5 (attention)4 ( )0.5 (to)4 ( )0.5 (the)4 ( )0.5 (development)4 ( )]TJ 0.035 Tc 0.073 Tw T* [(of)10 ( )0.5 (the)10.1 ( )0.5 (pandemic,)10 ( )0.5 (actively)10 ( )0.5 (engaged)10 ( )0.5 (in)10 ( )0.5 (pandemic)10 ( )0.5 (prevention)10 ( )0.5 (and)10 ( )0.5 (control,)10 ( )0.5 (and)10.1 ( )0.5 (actively)10 ( )]TJ 0.054 Tc 0.07 Tw T* [(organized)12.4 ( the)12.5 ( resumption)12.5 ( of)12.4 ( work)12.4 ( and)12.5 ( production)12.5 ( on)12.4 ( the)12.5 ( premise)12.5 ( of)12.4 ( ensuring)12.4 ( the)29 ( )]TJ 0.025 Tc 0.047 Tw T* [(health )0.5 (and )0.5 (safety )0.5 (of )0.5 (its )0.5 (employees. )0.5 (Except )0.5 (for )0.5 (the )0.5 (temporary )0.6 (suspension )0.5 (of )0.5 (production )]TJ 0.057 Tc 0.07 Tw T* [(of)12.5 ( some)12.6 ( of)12.5 ( the)12.5 ( Group\222s)12.5 ( product)12.5 ( lines)12.5 ( in)12.6 ( February)12.5 ( 2)12.5 (0)12.5 (2)12.5 (0)12.5 ( due)12.5 ( to)12.5 ( the)12.6 ( pandemic,)12.6 ( the)32 ( )]TJ 0.025 Tc 0.069 Tw T* (Group has tried its best to fulfill the orders of customers for products\ such as lithium )Tj 0.031 Tc 0.077 Tw T* [(c)0.5 (om)0.5 (po)0.5 (un)0.5 (ds)0.5 (,)6 ( )0.5 (l)0.5 (it)0.5 (hi)0.5 (um)6 ( )0.5 (m)0.5 (et)0.5 (a)0.5 (l,)6 ( )0.5 (a)0.5 (n)0.5 (d)6 ( )0.5 (li)0.5 (th)0.5 (iu)0.5 (m)6 ( )0.5 (b)0.5 (at)0.5 (te)0.5 (r)0.5 (ie)0.5 (s,)6 ( )0.5 (w)0.5 (i)0.5 (th)6 ( )0.5 (t)0.5 (he)6 ( )0.5 (p)0.5 (u)0.5 (rp)0.5 (os)0.5 (e)6 ( )0.5 (o)0.5 (f)6 ( )0.5 (mi)0.5 (ni)0.5 (mi)0.5 (z)0.5 (in)0.5 (g)6 ( )0.5 (th)0.5 (e)6 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (impact of the pandemic on its operating performance.)Tj 0.039 Tc 0.07 Tw 0 -2.462 TD [(During)12.6 ( the)12.6 ( Reporting)12.6 ( Period)12.5 (,)12.6 ( the)12.5 ( Group)12.6 ( continued)12.5 ( to)12.5 ( acquire)12.6 ( upstream)12.5 ( high)12.6 (-)12.5 (quality)14 ( )]TJ 0.054 Tc 0 -1.231 TD [(lithium)12.5 ( resources)12.6 ( globally)12.6 (,)12.5 ( enriched)12.6 ( and)12.5 ( broadened)12.6 ( the)12.6 ( diversified)12.6 ( supply)12.6 ( of)12.5 ( raw)29 ( )]TJ 0.062 Tc T* [(materials)12.8 ( on)12.9 ( a)12.8 ( continuous)12.8 ( basis)12.9 (.)12.8 ( During)12.8 ( the)12.8 ( Reporting)12.8 ( Period)12.8 (,)12.8 ( Ganfeng)12.8 ( Lithium)37.1 ( )]TJ 0.025 Tc 0.022 Tw T* (Netherlands Co., B.V. \(\223)Tj /T1_1 1 Tf (Ganfeng Lithium Netherlands)Tj /T1_0 1 Tf (\224\) \()Tj /C0_0 1 Tf -0.025 Tw <0B831686172F125C>Tj /T1_0 1 Tf 0.022 Tw (\) entered into the )Tj 0.033 Tw T* (agreement with Lithium Americas Corp. \(\223)Tj /T1_1 1 Tf -0.025 Tw (LAC)Tj /T1_0 1 Tf 0.033 Tw (\224\) \()Tj /C0_0 1 Tf -0.025 Tw <07D50772125E0E38>Tj /T1_0 1 Tf 0.033 Tw (\) and Minera Exar S.A in )Tj 0.023 Tc 0 Tw T* (Argentina \(\223)Tj /T1_1 1 Tf (Minera Exar)Tj /T1_0 1 Tf [(\224\) to increase its shareholding in Minera Exar in Argentina to)-2 ( )]TJ 0.025 Tc T* (51%. After the completion of the above-mentioned transactions, the Compa\ ny will take )Tj 0.036 Tc 0.072 Tw T* [(a)11 ( )0.5 (controlling)11 ( )0.5 (stake)11 ( )0.5 (in)11 ( )0.5 (Minera)11 ( )0.5 (Exar)11 ( )0.5 (and)11 ( )0.5 (obtain)11 ( )0.5 (the)11 ( )0.5 (majority)11 ( )0.5 (seats)11 ( )0.5 (of)11 ( )0.5 (the)11 ( )0.5 (management)11 ( )]TJ 0.025 Tc 0.026 Tw T* [(committee and the Board. The assets )0.5 (of Minera Exar in Argentina will be consolidated )]TJ 0.05 Tc 0.07 Tw T* [(and)12.1 ( included)12.1 ( in)12.1 ( the)12.1 ( financial)12.1 ( statements)12.1 ( of)12.1 ( the)12.1 ( Company)12.1 ( and)12.1 ( promote)12.1 ( the)12.1 ( smooth)25 ( )]TJ 0.025 Tc 0 Tw T* (construction of Cauchari-Olaroz salt lake project of Minera Exar.)Tj ET endstream endobj 96 0 obj <> endobj 100 0 obj [101 0 R] endobj 101 0 obj <> endobj 102 0 obj <> endobj 103 0 obj <> endobj 104 0 obj <>stream H墱P1 擩V&2}枱鬛 苺 D獄凉诚'萗滎泾闹=鵄秒潛2(r櫂黄皪忆柅宮f哲浛q婝`豏稦Kbwx9 q<徬s祾卐!$為轉曓娊煬Z剑蛑緆21矟&rFZ镍8S绥馹
lE\ endstream endobj 105 0 obj <>stream H塴T{P揥OB/翪? 凚|骞TtZ
勷鵋塞E"罦Ⅱ鸨uX嫯vW+；诸l艡v陬 薮逞櫇mgz虹w矽漵飝怚T 塋&9钲'2{wlNueUE湅 U忻\飷]atV緸F$麴绣耵P轱t遍+C慞2跎委鈕)?躺跊洶-;佅{萌NHM菽为柌篪 鯲Ncu%棟覶寝R[宿髌獞綇尤5s抒謔蟷k椖.鏣&关}鮱ボ這骨H瀞捲IR悢$ IK)8)(銛^閊yz 綖Q┕詊j'2u廁慂Y偓ALD婸鷚%mm+岹{! K纑l捋腔他r焏烸1逪遳綸咚t諒錡'c0f像楕鸒 8餴噫蓝泪犘犕A匒噦n%
Kjw掻*煶顮図厹C艓覓2係^)a&邂]朜兝岉擩侰@饄皉P4f瑼m沥bQ焾蓯L乮!0!L1L*頁J嗑+i飦H0懬\k5m,習08W括綈&h雔镡c"壡<A2Ha嫁\嶤+X\iH9 4`u Y藒e\8淳E伵-t癞斶~臹騥炄駭蕄,粥s澃j3$`6(&$刓_ X[橶`+b郣L:.N僧19 捛#娣} 奚 ]c!鋬fC嫛笜 :Di栾S?-钇毵诚?-?☆m科q~責再NbC!.\ek
膛k駘慠MN7 U 娥O46穉?烜滸諃Q乊塻-郸Z肰7繦褥!擝y颻~6{镱炏}Xz龢+梧籄T梓 Y餥=尲ce濤z砳搀,苝M-> 遮 u
+}纃3烺檎毋0
讈╞啊>n躁5 鎂'qㄟ伕倣S鑅鲎X闓?顲o0哧駟偊*琄帤<浿辸J b A⑼fno)濫辕胱璕g 薩H,闁爧9^vqH献礖[L緗楓^ 前Vm頄牍:k99弡荔+嬒qcァ豍q⒊遝汾蘓玜X莜磜鯶a9B+&暸畵kuU:褶噞毞盲t甘%yK%籹轹3彏O..胋ヰ 钗悓Wk怶(駠銠嵌暵e0(因鍎L蠈腾n9啐Ia藞V骭vP!f 燨7B鉼曫X捗臚*
O<(3k4s=S=皝g熘湲l06`屌.=n澅(F':+刱m驳 赱彿c訷(L*櫑u0^珓SwbMJ扰r丧憢gA0喇冭 Ia棇h?佱7!5D!軸縐籤Ⅶ"悏d刓妬藺? X鈾媷Y_齝?&W瞤沐┺qΔAq3霰g\>泂菘ｕ(v轈斍!>罾謨紋乔坳wu駴z卪6K豚癖I& 诛艽xg冃癡鬐齽苮胆祈5C蔛$蒇邘囐蕨b苜h蹖Cs鸥复w@+忘丵餩鴷隣i蚵噜yy6. ﹑鎓.b鈥#甙WyTXclR認礵膉pt;腈vM鏜y~?w鸺<:蹻遾&6
F3揶N詒萌訁m:廆l L券:'攩^釫&f渎佥!斺/瀄NB <嘚 J玍猔2掀JBGk莱MgQ柒笈C敢t瞻 长q7犐銏;徠!8.璩U鶩崁95>齒鰾%Z$待'-頹飂厲BMo'驦黔Vc．]?雔儤$厊鄴鉖﨣rEu瀉<殿w>/c:辞瀍 V礥(co誖埁\T腯VX鼍湷gw限a楀盾鋨WQ"挦知Ｎ刂I3i3搊gz湠哭课|秣<巷}$b@0扏I(4d妘&E鷸?內拯'春`;忄CUr 9@ &护K>昫M|美HM?X3
qd罳睶p喭"Wo阼<#蠵c椡 R颏曍丫麢/?釶篶釬%髶皺<< WL馨d~ 祃n{劌a u辧赫qG磆7 x宩;胊[贳6臄* S0蹒J凬幊蕡[菵薍-筝<~鰓<_N賂窔L娙S-1柰鏄攑k╧U^KKeK婖r粠锫慭J稏撈9ぱ饠糑".%b祵Tば渧:d饗圈滯F*瀬纠踏OL"(瘯譨=*Hx/,]k﹩2p6&洐7;q蓷磆#`ddB虆F[iTsЧ3甽NL婎驧栈臩][赗7KK詄娨2<烢F钂钲砮髺M炳-&邋诚09t{伳骣踩z6藳K* 訑艺x鯕孴YF6{窱h晢河T苬4嶧W 蟊赉牯矎a臲躑Kc4%.S傶c&)烵Z欹>i胰┏PC瓴躔j诪I&;[rj67啘瀽伀-锆匲皵讄筑樾膗)孯頾#蓴睝b-$Na"贖N#94{葇萷C9屓,貳:檽夅,R G`違幠聹d>m毩洫EdG5_貂鴙$栚TzI橝蠆N"+惖n躛滟匏9娶j汣w]蛌g梋閴飂 蓟酠⑦娉:8idQ# 闲桎爪1慘Qf艞莺0&o刅≤+M紏綠;臥x錎?z奲墮幀劉鶗"B';)a谋dO=?蛿i椽 ~ 4 9輚迼_楋索捆皅黒魭祀{z
1B
謺A!讀婕:Q揬詄礃寽a艰壻<^T裍V咼4JUN 菓=諽73 [〇<7氲筜閗1Зe蓵)闦E$X鈙xI}启嘱箊X<墜99\~R#kI2}q4%獷U郦贠鸒枝4迉鱼﹗4U譪"%*騗'`qq飤飘5﨩遦q咎嵧バ袇梁礠掓v7陶L挨V褰饨"\cE熒榅成d謃衆T\R鏋襓蝭屙\ｕn冦3$嶥PE^U*攥覶;跫攀耢袓衢块髙Uu9~;閷t牲該t汱(w簕>*ys蹁KlA++钣e雀鈇*X$5R巎 斑鰘;痂名鞜匢糂rSX #^詉腓ttmm竉=a3&媴3俗3篵藚<-唥HY羼$煋I?蘀觟'%P啲幒 蟤吒葬s琌>讗鉛翈U趈s%6蠹.}秙70'郾恒顃浡燀Q瘒爬鎸説仲,du槵葫鞦嫖净歚鸜n脍洲<疴Y(恗蹁=Ld鐼龚疹n牲:JＵ杷 cě笈73進Jm5V#=oC鲲s1+鵣7臰崌lM斔娱液撉槵 魻瀷瓊剶脃YA}~f_&;嚳W%*睺hd朎凥%=
鰬豞a;b艔媙絥2aL;D憛皲茩CS矑y鳭}ZjJ鈶3_蟪8>瞫k憋鴼8&乶辜bO\舃{螯6K崹0y5U泆:,Cw蕽a臚借帢1u煻5蹡+ 透g2纰囦M舖*斯k疇47榡珓J烯pz 蛪7縼螣9赠Q蛛9Ns##蓋惌魵]\匙遙l/762X!*眍A驽#駢t<Н肎d,1裦r逐独缻阇秗,螱脰
H 嬕塀J棞&棎Sp籞\:穞鳚犯(vj閼{7墲V羾TK±9XA苎"cRu缉
 搘谏O毶3'顠鎡x/V4绗闇,梴p'雨tL#抜M I)%1t)列茫哷lo-[矊轗;镹вI:蓏X2侗厤勰: C 
L )!蓯44瑴3]喬7ws符輣喵鹖鮙垂郄=狵暻RO骅賳o閖04+Mz嫗4搠|考4杬d 榿9妯欙噜OX屌NZ`M0e-獼4`A7X2嘖bE镍裱"屺UeU镣鬚蝛|/訌徚飯悂壺荽O佑楝-*y\ゴ玹+芀G 筁<崆呦"秪*椛;阱R谅面徬硩綨▊渴/专腧壋}撗i彑 y|8|蕠硓騀I瘺絮昈f覆{S#銽&黓:|5赒樛敇宩I@!{.璢n憶錾轹S荗u鳑麥'u︼}忹苛cwA
表啟C&)脄+gvXゑ塖 卹{还洼門]盺菚Xg嗏@哿搑I'萘v;w揿zd"TP"`呇脧9Z貚鑭瑥嚝9硾磽R痧5xku5sM4O薴梦腝P舧狣?-祢j萖肱芭襜Y怃吂"鴚旐,傁堨r较恶;%U%"橊C,K!娍 埫媮覮2tQ5M^D搶e柚P%鼧{@l澺弐$6;=餂紮懠y"璪k顅F,RG93儮"仮QN鉞>?徑=9An錝Q9曓燀鞻I鷎珅蝔S娇荸屏{檲2兡5\V`褫ZJk癶F游RlU阞譸,k#娏/s飉縼蟧"蔖脛灭笒 z￣岜k揥祆观'絼Y0y n#7隡阹]ik惮Dk摱甩dU.u忁忘プ鰬旦/倍c莇%DV82:蛄寢邧蹝傍輁OZ?烇+鲫&糁`艳鄉赵x踧}5促F>O|=禢x鐩诨\ 6嘩gr#獫IL虄氖曄 }螂Oo>:?{3跧wm竟頌?
杹Z癲筸|9葯裞z\ 爣/;pP
F袍o鞧P伊祉蹏睤 =8鳩F颚:趆1x(嚊g粱`焺eｚ.徟焤亩筁魶S*-烦矰+,牥M穜睧4d溦I=s虧O稟i霱填裷&m@o偗圙*ElP崵褲唜嶤绂&蠉熋銋舛>!1禬齃'S闂崒9韅G wＰ鋗p韯襴嗨B耐摫 B哒掸jwc簲誈鯺斠96K庫x .盠撝⒊>腤窥zb?234陗_j-弧/醑>揯O僓X亁'%-镍讁颊9ii騨瀽h|2_ -\\楁&a蚦5x乿踴泙菞#-3%9靉Rm磬瓆0诽d噹Fp 兩Dn(憸闷/3@ 震 概:7霟a紥'愷lI赿泌顄茤v1U1_Fk:zM)E盀 兙 z趇uZ罛;芴O ~洗も;c2$俌9g)艹%蚛2ru靭dn鑆J青? L 6嗍6伒U 善烺+>5翢j鞎禙]iX 韚|操_帕x儴羺謭k锃C庠hE`C襢uP译橊齰-躛SP 羊骍侕@z毂#`℡5誸閴ia{灟缞PN疥g#"s譗5
毅癖椣遁q^Ql珿grIen4%暐Z媀g氧鶐:幇-Qs/飵鸞.dO專諮9,v6* ぬ嫁:埻肯|渜g5苗 W觷6囖f)扣:hW|6}&蚉盚9)磻眇:権 揌\!燄穻戨爪yW慨斯eR偑钪;嘝)
尌蚭Ⅸ*#葶鎓遞=M馉8Z閑m&+拾0Nb#
囐H‰瑀C徭w氛74洏z緫o潇毞腞><}k馎錺緪I(祿糌8(熝痶 鋣8馷馡釲绗壥2崌佹~"I勥鰗-\ L踹6韰珛嗪p 轛掗.3醶饒6招m嶼{礯(Cq骪預M]y铮潑粄 ]旱]\W玍hQ姲E 倛垻硫& 彁勪&7山77O聸<*"篫鉺帆c;麣樨澪NwN簕匚鐭呓w纩午Z[<%g鱗蜉埍踎P@畂%1骡0)D貳吼_>锕<|戓囃J酥璍甇甇%嬸蘍l~+>"= 攣*)鵒蠭婲a癛僮驊款聐棭泂 =苸G焚阠 g槠虴pq9\> v嗨嫃IP3P獎恫'9鮑河B乿ㄑ9X?0暢UbtW淪訓橝癈2`嫏鱕B笁&u撏m唇菔鬁停鮱鬠\I勥《?蜄a馓S櫑$H菗}殗~可溟抂弦'!诗ドp慒I壬3乕羀溥pu抳[6Z鹦q穀訁.愨獜)鯔6l荦|o
K繰x飗諨菩N僐遠7&珝峖碉'鱾45葘菢12|憨u匋F%,K漸鱵焊儷駭l^J4蒺jq a菮 ;v鰀尛淊鄎轐珉j倀6\e0n喆YI僽)鄊:伛?X涱 嗻硓2/RI
+;遍=<6搙医翨,*>\l糔 n忸2汤=琛5騕躻率5w唿"g/馣3Ｗ/M浌M兏s尞L*遃楤O(醤騂袶+ 蝏S褆鄐蝞鏉 m轶皧?料蘶{$繡X9啃骑篎泥"K墯<L羐4x咷j嬗) ]嵶:言s45赖 繜cp+1!;鹟盅+
绎)(]枨
欹@鎗糰謪鲪D煡I毯B9偭峹Z$醭6羧L4晧2駂p"lu]-寗m檋隑搅纠忻[畀峗撪貛湎/
b算>悗:泅卌洄xy⑴<:甂覬5{I杙&'砅A魻垈轲UBCS{A1愍*m9棈Q﹗]Z酰示&浆_s菟蓀羠鼴瓩勻葒T貂@裲j鈷H孅@%|I您苦H幪 \+"X偙&囇扝侣绫Bc帩鉀X倂-;点O9,粱/秤綢`'槎麶搞L\W膒驂?溈憧脴簩瑝_沍 呱1萯瘙x A豫攞粺両q5坐恋7R窥3X
块
皲R*盇9檇s豈.SLo5Ll&骁cy烨摕膛鄔鳫i"x|#^&郯笽 谩\Z呷嘠q昖リT[W癫鰺%友s館 !Z嫴╫o a^]犿Q `10%>9N燭匜譌帬,#i6堣V{瑘朂-ィ屈澉慱P0Z"m[И吵け膤L5何ル擰呈%4]S乭糉Z淾Vnt.釧<耢鹹0/荴挹e幗倃:/岳8罸牧/2#揉Ab艨珀:fXo嫑[B爸QB醤Jㄤ+2K殚厕S鯲纹q绉rC-⑹Sk$醲*渼{酼8n!_X茽 t{$z莃H$X尴I玷皙陣E刕~mHm%,劻>m,u愺齨牝选茴禪W08蘿薅@逋賜/PBi幯2<(s椂隥h荃稓鞺LAA薰;讍X习垘歰獳载_I埭&忲尜ep苅8昗韍洯腔9徻瑞頣JI豦啘洱:*\⒚╅ULU+憄E-eT326!'p淛nh勃,悫洸3伶g男稝e磱盒v!玪蕖鱳綏漅唗坒G,垷 鸯6x,NR困aAD0B鼱窣戁嵟囦kS>P#:浼 FG\⒁ 61#(忂窹+1'P(蹄禀0屸Y 6奥!X
鹥,$v萼(+▇剙迂Hy偡踋 48v楼i齃 _)\W_;j駎癊0銒J/*>/~&!ZiNPu;F"G#1!钘膒鲪/趙V,_慞@吜瓻(J[垘4q驀馴 > 坪粟:]! 粹W濉濹剭'`悇\|喿螴A皗5^3 獲侉惺琰帾儂?1槕鼫數憜PMㄖ~)T耳歼dR鵲螲g苍D耾醳%q/枷姅刄紊*7撅q>b鐥0苰 
环抷y娫+埌4好〒潜攆=9V甡rcl稞黚H冔三祥d[+:FK撶&岑q摫江﹙\7@ 甞儲8板
U; 岺綀7*WRyI梹g)綐弿21_傤q= 侠鞟t*摨炈G,晾忄UZv髹!荘粭觰k沲墷6 .  X膬cQe}
OH齮#9畷a?+癮:h45渕S?哿搑噢妮憛圱B/9v垣3签u耗3Q7鏟俥kmv驨迷o(φ醉/Nd捦-諨*檍37*$~GdM倛*君2┺O银帍蠝Q劳h|t:W
_@抡埥齒鎔颃kg铊笒 L綸鉚躶頩76粉釷陷基莐h惊#$藹2P#僑$葊櫲軅屧枀#hI%kG嫝趈祏F 亃_-W}f併饥煁v誓痄惁纺_:褕啳惱sa.姨fw"降^"yp
竆_^╯櫆Z哕2` VIY弝澈@kべoY汍|↓:6OL鮳廓骼腝辒楋嘖2犅nFzg頀zc憺;飤8q邞贔yM锸.翍躄絊3Q0X涑SR罌0'.矜w(P4频Yihm2浂:(荾r躄嚝暳*?
緼-1燪xE^齮+糎傢僽]!M@ijj託岀;╠ K蟧U-躂萘嶙Y邹 #西M;醡o莟挛*S藷#妀咭7眙▉际!+ㄔ
j"-.撑i塗餰B櫥赒)jC
齛o瓩z
YPM鎺%问V煌4莏⒄*_Cg0MH~S罬墙59鋁!,E痕*>劘 PN倅xk祎^vrk假嫉濌陮非踷Z鑚VK寈уqU覄驦*煡J.,淣;N鳞p)~`L戦-勛漉E(鞬p髐$\缌2n邜e砓1耲痘涕5壊綬_覥l9N$茁戺顜廙细斂簕~QV!%3&c嶀鷓C_9](,貌寄;鉶亏评蒦瓾紿j畴s促剖印 伐旿X猞X埏薐wYs,zZn;"鰻搖籝7泫X笮魃X}閷D"辽嚨崁意nv9&藝篂抅瓵Q\i6>荪u荽0瑟1篞LL疾xTAP
gA
d頦骇g篻z卆@*xA倞V鉰瞗珤2jj{pk暛课W锆觹撅{熥■:cA_誊^qq?瘷聶>蔇K 笟勚煑fUFw/拮侫侈C痭BIY,]毅鴃Bi$歸缚B".仌M燭-U鯱垻W趄部 '蕒-?闓l?z〒|-"左嘇(暨0|n睓霽砤穉[摢蕤4oh嚏﹋N 取奃9墢鑮7妀?)腥.恗a巏tX9Y狗*ɡ}筍終齿(2椮K0OaHv$avz坒牠? 28堣 桢5h猈擒箇鐩尺Q璇りr囑繐]娑×硵鞴c7d弅#转t[花Q笢tpN桛靸`渷Q脎:耟廫靇[蠆7!GEpEc]l_nXJ@住堌h鉟貺鴄'繰?謓摠q珊7缗s@(q搸b纎w&薨9儖6璟灲b痑穨辪肺f眸霳*鎋t葭o閅Ξ埶;\?Xy烘詸-7;o8麺6徖:П裭O挢璊?病h嫭鷞磉厍,g鏻|莆髒治嫾W/n戏)=3x5^mS=[K*様[离頿誼V瀊竱.燒屭4:欈揩=鏘鲹4sV<猘鶼 h 砇2|梩篶傊雏SVL,;:t偓姳g?胲鵳.93aj{羻痸頋DP 6捱機だ跌_钗'脀`-萨cV伨
儇in代皊y暰b斁}擝I尢櫇芾H椎甉jF鉤9LiS@l.栣b怅dW誓篻粿谒閈:鲌qkk諈阅a趂2,6eC~0i&nnR7亻茑(史R镝T8砧.-/:X)秒-蝼穝 坆.-&k鹵%Z)撩粁&{姸輊賃娟Xm钢?t釪']网4Z.鐻彃X攣睗wwｙ$v彾袛g40禌祹徥Qc7:邻?:<@仸.y{硐镍尤隅玑K捛龉粌}袍0&泲/IOq!G=睊j魹粽卝|瀣扭j鮤最瞀? WfS%,狇hAc闵M騵 稒m7Q苐法垦>眧}魞蝉鮫2f庒8
0y积泤TraPEAz_
0f瑞c,爳U算乆Zv|YZN d瘤鸈R0哆+.罭u鹞砇桓 彮/］や琰扥蚺椅圧繁竺}槐*癴;g窞燆OR0瑻4纚o鼯9霮筯=HM軅k暏~L-亥 e}=>`'捄鶢/m杽疎眤笼5郖h8[20)x鮋丙Бi騮a鱶Xw:lC/韡LJ妫湤OJ{戂税 \g|潅:}Θ逷触d髴暐祰\f遘籁週a跥j#彸Ho\0耜已Yv錾>/^伴賧覥x尨j&}韆H]瘳鵤//'烓#贪欸a 滇 6羃'A珈vw峴梲&`*跖淳[譭=l賙鑺S'Q%|獉z匘鳁阙T付豬厩?鲷
絎夀D?\脺5画~$鼋3bG&時丑X芭 跟糲X奼?夌嵃
稛偉 %壨籪[`g)Ls;T{繺颩鹵#4ik鰈:疍4 6艱畅>覣u暌暐電赯"碾Vv坸t{ +*[+毆嬪s穜+j翊{汏v
r1掜uV赡q3喿p=ZI]穁k)旊$厲KZ岑%rHA9篸|.+,mn馘駿;姜[馵cw麅顇O窡B描eB3
現@佒5﹋鋣O<鍄<菗摺y耪?o諄%pf;哮g(Λ襙"液唟汦ScS麂衁椦Yeu#緡k灏,x*戺豼=wy秲1L8a/+?h)＞SkV長囱淫OE谍g斂]H]餏&zA霽逇84Me-mS溝髟zw[崀嬆鯂=^&1鱕む46G
轘L6DG诵>U鯋f至r橚麂蒿&烕,
#虯5.Vb潀入娏赂羣卆<蚉-kMb x鲝狃5蜤4豄呵>u:b#洐2撡M[V摥Bo偧Z"-簠巴EAyA乨x}
u姍C鹂爩頭Q韘庚痵+UM柶)@UHu9%[廟檐弋>U%IV?7霯Kl#G漖*豦A瘃qf覺慙=9湎:P@胅啖s3蚉<;Eo[莳}/g济躹^)攦>" 謊|椹 鏡"鱚 F玾A/|y啞D騒H阕萫玸譶鶒9诹^=w泸辕A%W&纱鄎%$3翐#-掞+*槖W眭煕8Z7埐顮0椇C c^猤UjV弅OB莑M!颒?Jぽ遫"敐l 瀽[|縥P1憍G-`zzP+R凎更澧-V╈&≯蓎穻梼W鲃帊B嘦蓨9媷吧W9!鏤i"m覒@馵9櫅7毢%+K薾身sQ;+神喊荍s鳭?P來86>顚猯p3
嬏郵O唊薛,蕤剻w:H<儻R1)vL嵹e*%綰6厃D%lez刽V蓾2蹿 (`蟄铡濜y
靨!録#;>瓛剘撑垤i鰅|趻葡5g10v豙1+Y莍蠨6鵡+oS(" ]S渋嫋缌9鲛.疍醵a96鞼工8祆aeKA[MM谑(y-[f#`J鮼b烟<鏙'-櫮炨栺:[旽蒛5蒚pB:)穉R娖婹粡ON:!W悅;HA奪9?晠藃7q葆薹薂輽%扢EH!u陇%M繫blc 2P|A宑0禼#_%d[Д昖+韏W梪ll櫭Ph
W訖RH牆!M摉閾>扊≠o綸o匡犲E鹳"悏鉗+ 婮伣鐁X菾9I(垌Sm:僓隖 磭`4舀>婡"兣塞觝)Fp紴.
k霸蠲>膅=,欿2絊 \瀽87p浵t)T!瘀頀mR< Nx埸 3翧 F f茯2鷵绥o]款q,v℡:j騑鏓y靷:zr瓰|噾7 甴@孾/-OQ:/'翛`+斌W=%崁98呡枑?蕌J&i;y5"=%2*+衉射>聖(苝貾{T赉厂`驽曰4T疎j愙曑%1?#2祋5岼頯J^情Tn30^俳*竼tK\sX=.o(Iv\妠瞏MFje伡椨r钋‐m8烃猱ZM蘃`l疗4邆;鑾DcBk;╧樾Q杼9鐷4腫0召谘I→蠣u趚]坜A疱撕齎珷扎泒Z?o凍C 腫 Zjv*昴●ム姍℃P梟,VS+D,嶱頳冢鏯鋫Q3Th鼷砣狜骼衈巃/墵勾宫f'%C庱3^嫁gWA|彈\<甛鶉`L懔H妆b"腰*ドlp搪E殊v焻瘻TPh尠agy
8w-鼅 )鶪;斔壋 D獞玑lJ灄鷤6;.c珠氠2a+橖顖菶m 髳F↖i奿禁:脼ag &K冋A*罂縿楄 范鈮]5頕7窌箯缤& -`荮?夞鈇嚃wTQ佹顯筮XB橧硴韘eO8=v払 沪"尃J扻膔h旙鎬x蕐劘鑣Au闑:l鮥m+荾脶]<+葫齼毴>J瀰觤泭fΤL鱗+|泤秔o"眝夅化 ?蝼_{H16,"賉氰沏狩飘☉5年慕b璥X吻K荚*貇^菘尺俶胊v箥饺D筋ǎ煔v烧艉豢贐犮I鄸<5 4K轍闩-R膃虦?mNW0偧鯌葑骆*%澓+Cf瀭蠎?橛?н富YM洇
翾o洡>7亁廐偧踚煿 '?钛鷶鵆 y>8娪(岘丼@乫伔F9"5D宻.9絟ZE%惵E!奆Yg
T捚Kp鸜郩箑杇挌 喧y鯻0p <缬謊萻nb9魚uN懔n眃 64l坊]r徖'K榈o獲+\@z籊k齯<叾#珛yLV帴燻剺!葼~|罣"";疅iq秣鱏饈0睗傣橅f驥⒙b耔69h78巔銘餫* 笯遭祫粢
豹V葯O鑶驰be4名刯煯衼Om?nRQu蕻le<+睋殈+c盵
铈dh=D熥:冎zn,8勅]垤&鰷筒箭痍M 灸熁5;乖_15=%澟< -f徴m矕捚:Mea壛牰軫返珍uJ帇蓥iN翭P[ZQZ[6弃突炇"禼 瘌`ZM捈蒞/振=}}=}註嘌[\.輴:e憝k鹹颸黒吳倘 >饶;E 
oG[郎糍.jMhkHG霊桜噣綞= e)WE|{1<}8寋鎱i閟痋2wMB曹怍察噀侌e8辅錱囗I列Y^e耽<醶~>乥v@既圦&佫#E鴫-1瞚G 枟b詝衻bp屻喐F^~鬎a
qx郞捑?Md
=庬q6镐+憼┬陑5蜣6鈑<b炧7緧臗帲圁M1雡#鈩苴彀8,p踟縪罆髹ぁ經 沤G縶mSw e"宅*顰瓮霓j嬖≦dX缮粏M抪糂?F?D X%a.團G5蓨uf諵-e▓h蛤 0M3^?⒍8Di7^-L°爎#襟鵦敤拵{y餕z鐙青 鼩緗>,/め'綜V鴥损u鴸" 辜}CмUe釞捿R临;潏x怈さ~! *≌gI{哳ム1抲鲖岯Y 2狈*淕淂硝jz馄78a禭l *~旈調;黅榸Fg]邟q储Vn3[M屽牵里'ZG;,黴Fiwa3秙?Wyp缵#dBH镹V2uK唅;-Z0pll
_XdcY%挼桍挟vd沈 景1噥R圞I$M6G3?潝0~J徐屴緷{窟-焷-8芑ny3t=荇陽1爪嚾X踹屌&j墙,z絕刄\螪抛G樼T焩榒1Bo妛D6増墢梑)`VF7R*泥_-(;唰敨Y候鱡糈坶嬇s裴\煴絛駌,蠕U$駐灄嘐]限旵J缉賏u鎶堀湥櫈窜pq謳F蒒K印!-pD﹦嚢觍+翿縟涎*VnYE⑨^ "鴵$H坢敉/.}騥2&Z-0DoCo礪韓洫翷Xq髹#洪<
fT蔿姒舴讽0v轴r|u榱禁骬n1!醯v=铝藀怞怵e=!崿m`輈4冽o1烰1X 景琎檦{ｏ4澏%#鼢6z吟桲肏}W)Y飀,1笛:s构"X轱B橒庖X樉5:8u臝挛|4r訯.v:k撽es>聯U礞奞;馆mq賦3殑喐┹︴*崚Ylr詖3^7ra5\C嗀Vs 鱆!费4E脮疬@!D鲪劁迆憜|K鴷癭w 縅哉7YU毩~焐F$㏎賴jheu戮攛筻鐕&_p貓8E~ KqFq)ㄏ"q2+30 W怄f_4V呵役i洵嬐鈒e[=,yF检澰倣軣N5翳{tb玌狄~B穥UYR嘉径 灺:j牵冑餸&慌nUk垟+'d裡;e討▅鈬紹豬蜢櫐璆设歑E R笃xK倒襩8槹貘秺讦\纷~苾缷%丘P^OT茄灘iy'=D拹àx鳕殓n6盪但樑v隄,;"藶d+7C2q讻Y瑵w}嬀1~n&塱2呂#(h莞X熃[坕\N舑屟K烍#E鬲?乢S记!耝倸x鬁I豌`;憊?
+q覾盺榩+捘求瑩硈湩婳b9"V輘反塔從6桩34髌率KA啩of汩肵98髉L&@2瑁覟蹄喙跸褜jヒ莉眵櫟 EC欄鞦g紟-鋟迹厼3帪R娚駌鳂vpI堢筃尬e^J0*琊]K夏㈤2F卿Q恓x;傹笉8= 埔2z絢*r菣'd*錮Hx88塿iA+163渜缢E鲿@校:HX猓 _uL鳥
揿;y6钁.骔b$鼓8伐謔ㄊ&羉皷@l>M' 笸窛緙伽 愈J0V擷!N臎踜H!谼琙4,朢p 燺鋧潨T遄+z_\R谸6臅k莋CGz噹ed糞蝾4q8$N`眷綃熶>瑇|鞓z祔峙)R7M-S弶喝淘栗飊c5軺仛y"暘*覞(?Q:;g"oF-詅闿~! D 谩Q呁i9|:跙鷫o~P#搅
Nc陖5~
}.呧5╅9Fg<蠘"鷓}XS凘;|gZ7S4愮i椵nDW?~-)8i`8o樽y醥髅 o8瞃$&'/灩饦!-b霸脄廠=兞
舆繑饂妢p漬靦b0佽恸X_ ^{t=u懹椭唵F;悊浐珄朊FKSC荃5抌崙娹kS騦簤嬣惷'やHT'=捬7V沭翐"D&VP6 ]CyJV{"vx\!AU.ｌKhy袽- 坾l橧咀`1M:z!}镩愌jn0欋r浟Y.訝(3幾n旆;kS暣誁篩6<鈦h﹢Y疣XP笰133==蜭哂s傑A養5輂蠘擺駜頵譚雠}'Ui蝣骎炪鼽飁鈄[衎鳘梊
Ｕ>N5铔⒘6怔5 箺L|廣肩:8誢厉裯0wwA4岧纗K0.( ａ史褧笱昷4贚v傋<1呇犳@yv~
纗<鮲絅[专 O\鲛訽O M魈NVM鋵ds&*仃+给17 :?檚焍5捭緅W6Z-]啫>?77鯫吢Q"~篭睯道p5{4:譏功硧z}
る?c<鏳.MJS抁蓕皭l礪魌劮蔧-栙++鰪踕mo樔?[携簶9毤2菲'颒gL,c5={p嵛Z彌洤煳ul4僽崳:扩蘵鼸訅栞vb餰#<関F棨〦L吮7a5nκ`p
[歘 朋勰H耫斟舻絆Lｏk垯h賘齜f=潇腱m鲶咐
Zx,K)v5趞D&+g2瞥i歠瑔汛蝑 穵\椲轊!Pf1*懑颕煡宭)氼L|液3Y鮽嶐=.~I栎9D秞k'軺古吿c雯鯄 焚8Gセ腤&! 嶸Q坚犴胂綖rU8+衲sh癄╩E罇2/狿軼{L适0[$S5[銑h ,殄д朂! KvF3坻墍}0
遲?+藗1 睦o生蠊仮N潄.藢衟b/译T躄悁俗慖穾茞攙蜇渦5檘V&癗[痳wD邿d嵈v悽;t:K1耷#X'肬|犤荑&B+6戹K9弻h蕳逅咬跉EFf\傗愒鏻$?綴X堩摿3楈倱T U9*霱[N&吱yJ}< 0爃-兣~ {秌i眳傴鮓"`4H緌屍聗X3E厕SmM幖髙{2: c﹂埶焇IX綋Y/竬卙{r4 晣N辽 &┮_聴5 憂瘘熸2弽夂鉿[y逈坄趫I鳕湒6悥秈凚8標8Mp餛|踐lc鉩眭禇;灊葙贆儋与=lc;6`,甡b垇"M*J(m>摲T}?77齸箧|MIC饃饃池N皾圵臲[餾Y-A'm>;呄C獍$RLAQLzMBuT崗%艱GywZ凈爊y/鳜'猰淐裆偲箐罰HY葒賥HQ 胄!j臗鰙Z^J>瞼m煡7埜dw╧琇㏒i[棫噠)Q+Wx騁啍堣q鍍Dユ槪ッ汦3T甌*=邓拽z>/Z"4Z&/"卟N&`?n-wo1k7wn6搁吾UtO$&=轒凝髁謍 GZd灸"蕎}1
嫛仔又TUn猭溕m蒖幻帎隖襮W槯魟了睿e鏵鄀优/π槪m鱖臿鎃?u3箺K蒼
v&輺櫒C燨'7篻B瓊4*u/笆l縘*槔({xU縫33\5p.F>戀ㄕ︿):Tx(x{+b啈}X> :-钘)鐘"&(-梕Iw6靚54 庒6<&涂嘅1箬:嵖 [4汒叉溁z{孚m煋s:u牌鼥6m馾2橦&3岩溹閟)朜軦6!接卑[鬝橗蹅櫻:榜鼯)l# 镧粅幫鳨0ZC笵镅哻牗#罚4暛籘/^/,e6#齗_膠f#疫X僽&せPOj僩宖A鎮宆e()-斓+e级~衧墩[疃Y篋l@:MA礃爿-'诼" X碿"i 凑+8陊鋰p筚穻h绘媼‐蛑"鬈(( vi烷4X>?匑高#稚镠^ '廝R蚕嵋?餬嶾1{縎 水︷D]\`Y
很-?
笰ni禚湭娝藄0樯m\1zaM茥跗20>F8>Go檈T潉儌m>旱鶢CT摕冸撾箔鼋窘Аx;頂负笑投I夰Bca7;e昲
c蔺/"}聪O屗途6良僑详瓃穰GI铗S頑/囷T%$鎣皩僽劵'啼s0鵸^滽c0?14煱麑貙搌剌 誆%釵豧\Fx&5v43t詎dちT経妯嶉乷tn淄T8b蘡泜2憋z錗eyyM槢2S蝓 .\ 瓮癒份iU昏U嘛]-D /彂湐 ,聦械 ,仾鯌靇鯬4緎Vl創w靎H煖
涵巖裹eX:й虚誑?嶪鶘dt惬<=M淖"
腁=_儕 啉H,O/NKM腿驉耺E鐍秔 )*篔矅<oa!裝藁`e憈彘人澹葈N泍碢z9A旟A鬚Y茟N姅E!┐@姮$=拺 忲 0淫 endstream endobj 90 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 31 \226)Tj 0.052 Tc 0.07 Tw 13 0 0 13 85.0394 776.3179 Tm [(The)12.4 ( outbreak)12.3 ( of)12.3 ( COVID-)12.4 (1)12.4 (9)12.3 ( epidemic)12.3 ( will)12.4 ( not)12.4 ( stop)12.4 ( the)12.4 ( development)12.4 ( trend)12.3 ( of)27 ( )]TJ 0.045 Tc 0 -1.231 TD [(electric)12.2 ( vehicles)12.1 ( in)12.2 ( the)12.1 ( short)12.1 ( term.)12.1 ( It)12.2 ( is)12.1 ( expected)12.1 ( that)12.1 ( global)12.1 ( electrification)12.2 ( of)20 ( )]TJ 0.022 Tc 0 Tw T* [(vehicles is entering into a period of accelerated growth driven by new h\ igh-quality)-3 ( )]TJ 0.048 Tc 0.07 Tw T* [(EV)12.2 ( launches)12.2 ( from)12.2 ( Chinese)12.2 ( and)12.2 ( overseas)12.2 ( OEMs)12.3 ( in)12.3 ( the)12.3 ( near)12.2 ( future.)12.2 ( According)23 ( )]TJ 0.034 Tc 0.074 Tw T* [(to)9 ( )0.5 (the)9 ( )0.5 (prediction)9 ( )0.5 (of)9 ( )0.5 (Minmetals)9 ( )0.5 (Securities,)9 ( )0.5 (the)9 ( )0.5 (sales)9 ( )0.5 (of)9 ( )0.5 (China\222s)9 ( )0.5 (electric)9 ( )0.5 (vehicles)9 ( )]TJ 0.028 Tc 0.08 Tw T* [(will)3 ( )0.5 (be)3 ( )0.5 (1)3 (.)3 (0)3 (\226)3 (1)3 (.)3 (1)3 ( )0.5 (million)3 ( )0.5 (in)3 ( )0.5 (2)3 (0)3 (2)3 (0)3 (,)3 ( )0.5 (and)3 ( )0.5 (the)3 ( )0.5 (sales)3 ( )0.5 (of)3 ( )0.6 (global)3 ( )0.5 (electric)3 ( )0.5 (vehicles)3 ( )0.5 (will)3 ( )0.5 (be)3 ( )]TJ 0.04 Tc 0.07 Tw T* [(2)12.6 (.)12.5 (0)12.6 (\226)12.6 (2)12.5 (.)12.6 (4)12.6 ( million.)12.6 ( With)12.6 ( the)12.6 ( weakening)12.6 ( of)12.5 ( the)12.6 ( impact)12.6 ( of)12.6 ( the)12.6 ( COVID-)12.5 (1)12.6 (9)12.6 ( epidemic)15 ( )]TJ 0.034 Tc 0.074 Tw 0 -1.231 TD [(in)9 ( )0.5 (the)9 ( )0.6 (second)9 ( )0.5 (half)9 ( )0.5 (of)9 ( )0.5 (2)9 (0)9 (2)9 (0)9 (,)9 ( )0.5 (and)9 ( )0.5 (the)9 ( )0.5 (launch)9 ( )0.5 (of)9 ( )0.5 (electric)9 ( )0.5 (vehicles)9 ( )0.5 (by)9 ( )0.5 (OEM)9 ( )0.5 (vehicle)9 ( )]TJ 0.032 Tc 0.076 Tw 0 -1.231 TD [(manufacturers)7 ( )0.5 (worldwide,)6.9 ( )0.5 (the)7 ( )0.5 (electric)7 ( )0.5 (vehicle)7 ( )0.5 (market)7 ( )0.5 (in)7 ( )0.5 (China)7.1 ( )0.5 (and)7 ( )0.5 (the)7 ( )0.5 (world)7 ( )0.5 (is)7 ( )]TJ 0.025 Tc 0 Tw T* (expected to gradually recover.)Tj /T1_1 1 Tf 13 0 3.4833 13 55.3588 600.3179 Tm [(4. )-1105.5 (Analysis of the power battery recycling market)]TJ /T1_0 1 Tf 0.031 Tc 0.077 Tw 13 0 0 13 85.0394 568.3179 Tm [(Given)6 ( )0.5 (the)6 ( )0.5 (service)6 ( )0.5 (life)6.1 ( )0.5 (of)6 ( )0.5 (power)6.1 ( battery,)6 ( )0.5 (direct)6 ( )0.5 (scrap)6 ( )0.5 (of)6 ( )0.5 (lithium)6 ( )0.5 (battery)6 ( )0.5 (in)6 ( )0.5 (China)6 ( )]TJ 0.054 Tc 0.07 Tw T* [(h)0.5 (a)0.5 (s)13 ( )0.5 (s)0.5 (o)13 ( )0.5 (f)0.5 (a)0.5 (r)13 ( )0.5 (n)0.5 (o)0.5 (t)13 ( )0.5 (e)0.5 (n)0.5 (t)0.5 (e)0.6 (r)0.5 (e)0.5 (d)13 ( )0.5 (t)0.5 (h)0.5 (e)13 ( )0.5 (o)0.5 (u)0.5 (t)0.5 (b)0.5 (r)0.5 (e)0.5 (a)0.5 (k)13 ( )0.5 (s)0.5 (t)0.5 (a)0.5 (g)0.5 (e)13 ( )0.5 (a)0.5 (n)0.5 (d)13 ( )0.5 (s)0.5 (c)0.5 (r)0.6 (a)0.5 (p)13 ( )0.5 (b)0.5 (a)0.5 (t)0.5 (t)0.5 (e)0.5 (r)0.5 (i)0.5 (e)0.5 (s)13 ( )0.5 (a)0.5 (r)0.5 (e)13 ( )0.5 (s)0.5 (t)0.5 (i)0.5 (l)0.5 (l)13 ( )0.5 (m)0.5 (a)0.5 (i)0.5 (n)0.5 (l)0.5 (y)29 ( )]TJ T* [(c)0.5 (om)0.5 (p)0.5 (ri)0.5 (s)0.5 (ed)13 ( )0.5 (o)0.5 (f)12.9 ( )0.5 (pr)0.5 (o)0.5 (du)0.5 (c)0.5 (ti)0.5 (o)0.5 (n)12.9 ( )0.5 (s)0.5 (cr)0.5 (a)0.5 (p)0.5 (s)12.9 ( )0.5 (o)0.5 (f)12.9 ( )0.5 (b)0.5 (a)0.5 (tt)0.5 (e)0.5 (ry)13 ( )0.5 (fa)0.5 (c)0.5 (to)0.5 (r)0.5 (ie)0.5 (s)13 ( )0.5 (an)0.5 (d)13 ( c)0.5 (o)0.5 (ns)0.5 (u)0.5 (me)0.5 (r)13 ( e)0.5 (l)0.5 (e)0.5 (ct)0.5 (r)0.5 (on)0.5 (i)0.5 (c)29 ( )]TJ 0.056 Tc T* [(lithium)12.4 ( batteries.)12.4 ( From)12.4 ( the)12.5 ( perspective)12.5 ( of)12.4 ( landscape,)12.4 ( enterprises)12.5 ( at)12.4 ( both)12.4 ( the)31 ( )]TJ 0.05 Tc T* [(upstream)12.4 ( and)12.4 ( downstream)12.4 ( of)12.4 ( the)12.4 ( industry)12.4 ( chain)12.4 ( are)12.4 ( energetically)12.3 ( seeking)12.4 ( for)24.9 ( )]TJ 0.025 Tc 0.065 Tw T* (recycling layout as it is of great significance and importance to make r\ easonable )Tj 0.071 Tw T* (reuse of obsolete power batteries with the approaching of the concentrat\ ed scrap )Tj 0.032 Tc 0.076 Tw 0 -1.231 TD [(of)7 ( )0.5 (power)7 ( )0.5 (batteries;)7 ( )0.5 (from)7 ( )0.5 (the)7 ( )0.5 (perspective)7.1 ( )0.5 (of)7 ( )0.5 (applications,)7 ( )0.5 (retired)7 ( )0.5 (power)7 ( )0.5 (batteries)7 ( )]TJ 0.065 Tc 0.07 Tw 0 -1.231 TD [(are)12.2 ( of)12.1 ( enormous)12.1 ( application)12.1 ( potential)12.1 ( in)12.1 ( the)12.1 ( energy)12.2 ( storage)12.1 ( and)12.2 ( low-speed)40 ( )]TJ 0.031 Tc 0.077 Tw T* [(electronic)6.1 ( )0.5 (vehicle)6 ( )0.5 (sectors.)6 ( )0.5 (It)6 ( )0.5 (is)6.1 ( )0.5 (expected)6 ( )0.5 (that)6 ( )0.5 (China)6 ( )0.6 (will)6 ( )0.5 (have)6 ( )0.5 (retired)6 ( )0.5 (lithium-on)6 ( )]TJ 0.042 Tc 0.07 Tw T* [(batteries)12.1 ( in)12 ( the)12.1 ( amount)12.1 ( of)12.1 ( approximately)12.1 ( 2)12.1 (4)12 (0)12.1 (,)12.1 (0)12.1 (0)12 (0)12.1 ( tonnes)12.1 ( by)12.1 ( 2)12 (0)12.1 (2)12.1 (0)12.1 ( and)12.1 ( 5)12.1 (3)12.1 (0)12.1 (,)12 (0)12.1 (0)12.1 (0)17 ( )]TJ 0.025 Tc 0 Tw T* (tonnes by 2022, respectively.)Tj ET /PlacedGraphic /MC0 BDC EMC q 111.759 150.427 400.103 226.151 re W n 0.93 0.88 0.89 0.8 K 0.5 w /GS1 gs q 1 0 0 1 134.7477 167.0121 cm 0 0 m 376.865 0 l 0 0 m 0 4.665 l S Q 0 0 0 1 K q 1 0 0 1 511.6132 167.0121 cm 0 0 m 0 4.665 l -60.339 0 m -60.339 4.665 l -124.627 0 m -124.627 4.665 l -191.377 0 m -191.377 4.665 l -252.624 0 m -252.624 4.665 l -314.792 0 m -314.792 4.665 l S Q Q BT 0.93 0.88 0.89 0.8 k /GS1 gs /T1_2 1 Tf 0 Tc 11.4 0 0 12 123.1591 160.452 Tm (0)Tj -0.5 1.944 Td (20)Tj 0 1.944 TD (40)Tj T* (60)Tj 0 1.944 TD (80)Tj ET q 111.759 150.427 400.103 226.151 re W n BT 11.4 0 0 12 111.7592 277.0765 Tm (100)Tj 0 1.944 TD (120)Tj T* (140)Tj 0 1.944 TD (160)Tj ET Q 0.779 0.37 0.054 0 k 470.785 323.861 18.844 -156.849 re f 407.975 282.716 18.843 -115.704 re f 345.164 255.939 18.843 -88.927 re f 282.353 231.599 18.843 -64.587 re f 219.542 206.606 18.843 -39.594 re f 156.731 198.139 18.843 -31.127 re f BT 0.93 0.88 0.89 0.8 k /T1_3 1 Tf 12 0 0 12 152.6518 205.939 Tm (26.69)Tj 5.236 0.68 Td (33.95)Tj 5.292 1.875 Td (55.38)Tj 5.222 2.167 Td (76.25)Tj 5.125 2.153 Td (99.21)Tj 5.055 3.583 Td (134.49)Tj ET q 111.759 150.427 400.103 226.151 re W n BT 12 0 0 12 148.8193 154.107 Tm (2020E)Tj 5.556 0 Td (2021E)Tj 5.056 0 Td (2022E)Tj 5.056 0 Td (2023E)Tj 5.056 0 Td (2024E)Tj 5.056 0 Td (2025E)Tj -26.556 17.708 Td (Estimated Size of Retired Motive Power Batteries In the future \(Unit: G\ WH\))Tj ET Q BT 0 0 0 1 k /GS0 gs /T1_0 1 Tf 0.025 Tc 11 0 0 11 113.3858 120.4271 Tm (Source: China Merchants Securities)Tj ET endstream endobj 94 0 obj <> endobj 106 0 obj <>stream 2020-08-12T19:31:02+08:00 Adobe Illustrator CC 2017 (Windows) 2020-08-12T19:31:03+08:00 2020-08-12T19:31:03+08:00 Acrobat Distiller 15.0 (Windows) application/postscript Microsoft Word - A2020-08-001 Ganfeng Lithium C125-132.docx stanley xmp.did:a3fd4444-d2f2-794d-ba73-61eb79eabebd xmp.iid:a3fd4444-d2f2-794d-ba73-61eb79eabebd uuid:43e3ce9e-a723-4844-9950-a2090bddbd6c xmp.iid:1bb8f82e-4b40-4243-b053-3d15b32a8807 xmp.did:1bb8f82e-4b40-4243-b053-3d15b32a8807 uuid:43e3ce9e-a723-4844-9950-a2090bddbd6c saved xmp.iid:1bb8f82e-4b40-4243-b053-3d15b32a8807 2020-08-11T17:26:49+08:00 Adobe Illustrator CC 2017 (Windows) / converted from application/postscript to application/vnd.adobe.illustrator saved xmp.iid:a3fd4444-d2f2-794d-ba73-61eb79eabebd 2020-08-12T19:31:03+08:00 Adobe Illustrator CC 2017 (Windows) / converted from application/postscript to application/vnd.adobe.illustrator 1 False False 209.980379 297.038889 Millimeters TimesLTStd-Roman Times LT Std Roman Open Type Version 2.050;PS 002.000;hotconv 1.0.51;makeotf.lib2.0.18671 False TimesLTStd-Roman_5.otf TimesNewRomanPSMT Times New Roman Regular Open Type Version 5.07 False times_4.ttf Cyan Magenta Yellow Black 闋愯ō鑹茬エ缇ょ祫 0 endstream endobj 92 0 obj <> endobj 93 0 obj <> endobj 108 0 obj <> endobj 109 0 obj <>stream H墧Tip]$D斅:a楊襳B;肔&-%i:K&訿Cb|郖謅Y 直恢a涾惌麞l璴俨d 苺qls0鉻:4叴aH:鶒灀Y9r5櫠:镢o~o逈7飍犕%嚸冽崎'帪赺)i'労S姸yy臶昈忂,犤嗦瀖ル鲖w鲳W坎r稘}q噞蟬S還J8
~郒E)躿ho嘲I -h;碡 }傱A绪J狅C 鐴tA衚魦(:QUp诳 
-C嗉所}I咋]沕趖}s渔顥約鼉麿@|K龞+[_埴鴎冔聪靱7倕韸頍荽銔口箉绁]/靂厦暿J?|V鲮德Kk;K赘霛珧C/醾huO癢@捌&"St甤PK庡Ude酁6婵轿\d驒籁報":V^uT齒}嗷浬2)薝讨d螂j錕嚁煤$)帿C*熞奭u纚襶Rf?a)侨r軾昉%斒毼=a铪黼縆酧塞L"Z&4嶸 -?15靰L 19-^<~G 鷿^铛8鼳$桊S蘇[&詃qP4.x騡魘2:烋 O裳|b$摅a9昵铿`7沯*吹嵰蕅—璔sh*ヽ噾"嚦潜臖)旌J乆$闕犙悆蜚QcP俙曤鴄鋣+ 宯1+&`T緉5K!孆K頪榾較-霫劃>藻陃巭k/ 讲j咯涜瞓漋唤肁;t莶览鯡鴐=篰贗;韮]n绣欴 婩~襦O箓B肰M慥蔎:蘛犓D\ＥWy佯嶚嘜藁漘L Wf5L&艾.|璲0禞pI助K狴r睉dD櫞{蛵檿I淨% HユD蚎杷?*蚩 晠箓$01潥CZ倾Z疪姩┡(璣2mVw
S愊$0灓棱≥f
x
2S╁)j&{,腑<<鋩鬥;z(昭i翅V[FH0*4f總~稓Z樑'#7枑KtV;奿硬∑;椌q 碔,+o陴Z/" .W}侗]p徵袍雃芊伛怆僮煬蜃/e嶌#n_繴噵;嫗惠:r孑3F靜iBLb+$f!猇宦n騌>術初t麷焚*6和3f墝.※嬵菶滖団馜< =8濫顪縔珰;掶★蕮缲夼7=磛m&忌T8讀甉R93洎r淅孬鱊bmcy鷃~da 咸勭惀鯵i洈6G晷ck 顩 \寣嚽0蕳騡輻7:[锫螤肯嘚嶉x⒀[]仠鐣楻６(PB qM=M5iCR}箒素H$ 8乣残鬋┼nw堥烡賑尖脔瞎r+懻_#張諝El6Q墫江琹楼淀餃D拭&蔦2\EМ2s稿穸R-枈"}莅褀>勖6潯觿蔜-.蠜鏦9o>羆L滖彚赡S1]P
o婼見ɑ$蘦1:简茁{+/瑮 肭玺z＜汞靣醃醄p岏3H2c阾K竄臌蠣偶!蒏Flf?瞀湭Fd齡鼥N翭b恧瓹壀 靰儊&鈏O{3萫悚,峣鈷P'颣莃(~联酇f?冝筳V庛c蕫Q5-Fj&4!vT鰹#n1鲯綘v郴芹
=侌1t6o硨徙!}A袜52誝恃枛~穚弥`
]忝鉉?儿h椗m$ 食丙鸽.0/砙几涱W5 氙骩幌w襒e砇`36$o墋櫕鉯祄襗%眒\g.*;柇=兾牀A{)I摵(`谪般xIl锥ㄅ)"舽n硱29温qQ%藃Z跶＆:FK嚻ˊ酱F徂遼蠼匡鸰(嫢4牐4f}&E銳4[.1_CVl甁═%S&鋆0c[~*銔艫*椋05S响(沚h@1KaY"膖uAq妺丿&軛夨fs蓎x'螡A哳p 胨8田`ww&1跔
蘫萬iYPq絙L1琂闹3XN-d嘤滴!A2愸鬻>提P趽腄堑蹈|{緻f<
t飨?=Om+拗&N詼w萾w黼'釡,劒苅X郯笆毱d5B⑺9.竧10;殹 茥M12擼U6脾-缒
]X`D览旍ｆU髎腙嬅绅嬅~[闂鞋霵澄挛羒R 硘蒖缻渪 5
K鑵↖埵孭O#f錪彀y4踢垠哵╝?7燷ow?Eo|q蛰楿2{硺戃胂湮G窙bsi<孱蓕`鴏緂靍簊5/ M毫諽p趞d/w%氲)睧4I=,/臰龊裶r昼沤嬵,朜菁$舩)Z袀灱i豲p願V珙Z7賅4籯牱轋啡鼢躸$鏓8fQ烯*#g?T6_%/<纺a捄tS'虁跖榶聉薧^飻曦潔しKt吉s復p宪曚I朰bhz壜`=嚙燻8荞96冨挏!魤槭 忑+褭聂l膓鯏}WFn噖|煿>sm勗t=Q峌恽1t烎xp褧r`3NQs蟮`#緶h摲谗@ 盯粕<xN(姌貭S肽z篒Iy狸Fln蹆碐u6瀕G泘#`\餃b鐁? =g4袨架j馔*缘祃|匵7儦锋昮首燨E灇乙摚空D嶴&890灊蘚莊輊F讶z矠硇铉W花yg4寓嚭^Y:企$Y疁,鋗检频=缋|凖鋉癎{jw涁陁?R@鼍D2n&岘jC顜#奯? /4jyZ!D短p9繱臷嶅< 茭至!脎媪X|'藩NE\\ K娯T//EF勈鏸帾$厔璢=8g}铭竖%vr]暪J遒&闭5朢y漶I.W駃髢冞1l骐脀3职'UwA>*閽"桝Y獤藹?6*鯰EXV琬!捥 0ｉb%++ 簆~勳搏T4蛋T疜樌.N悀7醊Lh#,$F罷B9EC+cZYQa+祌5逞*Q s仔r蘳nv嘃羋t8蜫濬6憨5琎鏒儛双嵾n>"kl帀Z侶詒鮡碸皱.k喼4q]竭1拈p舼P/L跅m嫜}ｂd獏*As寴W+主衋5X韫rd尟*%8釨炴 瀬(7>@逥:^:仢几pa俻\谨k鬩汊纴;6wC鞅v嫍3Fj戥e鹩攠匹邆u箷!鶳{爸腔簜4:祵 1
`E恲'>~<|肻凤穷胡x5垵>IL^9啚輗嚆?僽⒖儇>嶬G鈸O0b
o謲]洩渼k+`{痴杬槷萤QK 1抬J、X6n牞5裚?哆矏u浍..*DY卆,%拎慖5%R勎#律扭 W墛菼匀栳*農讳Yl跈 頿罈窆荇U札摍侵=哥韦矙4r)扢b4禤旃W鰒P|B苫v
vE揔芦簉:馍G蝑妼!,bz +"肧e.Gb揪啔iぽm旰*庸29Y戜銆彈\桺 姆/P8C覚,躄2 6垾#ηE舅﨧w拯禡唓 沿嘠蹿挱m癷B營襐峣h蓁执蹥/譔84郾;I哟]硋ùbH圬8"\"qp&骼雟.籟彑咔<咖&閖栱R{ 迊珱R阕楨蕝]*kば,! (^O^@'瀨9- 屍Z<茩 貳潌fY竔j qoa&莏p淌9陔jv镓k藳垧盓(@塦
砽夳禷礠蹽>4j?嵎T护〇dJ篳kP粱;/盹苽忝W虨碣謽≠5滟Q㈱┦pU2+孒a嘊隸psDl㎞豹Αc簄U怎茅(a赅oM^哔愤麅舙+JOG嚡9蓥牋v筈襡貝珤刾j魲ca鵳PQ嵅n v赵5酞穓建猾 誔*早鸰3渮+癋$蜂X埞`5彤譥侶6<`qeZ墒淗s+僽朡а饍X餻xp嫩暵桝k%璫z篯痆5竑vhp4>90B qH皯褯7cC跽郔
蘞樝 endstream endobj 107 0 obj <> endobj 110 0 obj <>stream H塴le秋洲誘ò靓葱(P( nA鯟O%妜[a{7镂諩& [葨2f檳
F3N拺盆AgK0YHt61蚣蒇?6Qc魺稃~熺}>yi蔦F4齌SzK毽5>#[Z暩 {蟕嵶橊^发埣|p箓/=侚臻邈鍞 -艮]Jw*uv楱铱}坻⒕XRQ扸棿T鱫/┭PCDiQ℅优竼ZE鞻TA#^嫛ZC塲,F拞かBD犒H"^涧[D傋钄*F$#終Dm迱1炔9偮O岼bz悜邕ⅹ譬鳳暣堅姮梾给?)IF鷺仐5Qoo鰊m厠E蔫>偄┱eGQOR姴5GC鬞℡黗6t)e=
帒 #鋁側U姦饳ダ綶好Nbx_釆7Rt掇tψr鎧*u5欪 )斓4D儍n[*兿斡皒邉X莭)肎>埡H
x欩婊吪GN0W揆Uoy沴娀Oa疂箰Yt侕苤逢攉zH# 2嚢觔;潃簺8槫O^嘅&儚 8笩%A鎁$uY▄h!79蚁耡1Cw浛咡/枭f颅鵽3v 亠$褔浟 崡狕'p钊<J:v ?彂v2=吼靭蚂{摨o瀲ｃ＃烋s桭&]>o(繛=蕪釋=]0琴:捺荦幚最浰喉古櫓媔7駪Zn-?瑀廽髸蹓墓浔g瘽73筅-耹圬侗霾葱`V5登j滝=紒浌x蹒熳m彡PTT轁g侩歹炇?$FAK06R8x2a]x8`i芰 endstream endobj 91 0 obj <> endobj 40 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 41 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 42 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 43 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 44 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 115 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 30 \226)Tj /T1_1 1 Tf 10.4 0 0 13 85.0394 770.8479 Tm (Issuing authority)Tj 8.722 0 Td (Issuing time)Tj 8.995 0 Td (Industrial policy)Tj -0.025 Tw 12.265 0 Td (Descriptions)Tj /T1_0 1 Tf -29.982 -2.462 Td (House )Tj 0 Tw 1.254 -1.231 Td (Committee on )Tj -0.025 Tw 0 -1.231 TD (Transportation )Tj T* (and )Tj T* (Infrastructure)Tj 0 Tw 13 0 0 13 175.748 738.8479 Tm (3 June 2020)Tj 10.4 0 0 13 269.2913 738.8479 Tm (Investing in a New Vision )Tj T* (for the Environment and )Tj T* (Surface Transportation )Tj T* (in America \(INVEST in )Tj T* (America\) Act)Tj 0.023 Tc 12.265 4.923 Td [(USD494 billion will be invested)-2 ( )]TJ 0.025 Tc T* (in the U.S. environment and )Tj 0.021 Tc T* [(su)0.5 (rfa)0.5 (ce )0.5 (tra)0.5 (nsp)0.5 (orta)0.5 (tio)0.5 (n, )0.5 (incl)0.5 (udin)0.5 (g)-4 ( )]TJ 0.025 Tc T* (investment in EV charging )Tj 0.022 Tc T* [(infrastructure and zero-emission)-3 ( )]TJ 0.025 Tc T* (public transportation. The )Tj T* (release of this act reflects the )Tj 0.019 Tc 0 -1.231 TD [(fed)0.5 (eral goa)0.5 (l for th)0.5 (e devel)0.5 (opment)-6 ( )]TJ 0.025 Tc 0 -1.231 TD (of electric transportation. The )Tj T* (electric transportation has a )Tj T* (large market for public travel, )Tj 0.022 Tc T* [(and the construction of charging)-3 ( )]TJ 0.025 Tc T* (facilities promotes the further )Tj T* (optimization of vehicle-to-)Tj T* (pile ratio, which will further )Tj T* (promote the market share of )Tj T* (new electric vehicles.)Tj -0.025 Tw -29.982 -2.462 Td (German )Tj 1.254 -1.231 Td (Government\222s )Tj 0 -1.231 TD (Commission)Tj 0 Tw 13 0 0 13 175.748 450.8479 Tm (3 June 2020)Tj 10.4 0 0 13 269.2913 450.8479 Tm (130-billion-euro Stimulus )Tj -0.025 Tw 0 -1.231 TD (Package)Tj 0 Tw 12.265 1.231 Td (Subsidies for electric vehicles )Tj T* (are increased and the VAT )Tj T* (rate is reduced in 2020-2021. )Tj T* (Among them, pure electric )Tj T* (vehicles registered between )Tj 0.019 Tc T* [(2011 and 2025 will be exempted)-6 ( )]TJ 0.025 Tc T* (from tax for 10 years. Plug-)Tj 0 -1.231 TD (in hybrid vehicles are subject )Tj 0 -1.231 TD (to tax, but bearing a rate lower )Tj T* (than that of fuel vehicles. The )Tj T* (value-added tax is reduced from )Tj T* (19% to 16%.)Tj 0.026 Tc 0.082 Tw 13 0 0 13 85.0393 244.4989 Tm [(The)1 ( )0.6 (core)1 ( )0.5 (driving)1 ( )0.5 (force)1 ( )0.5 (for)1 ( )0.5 (the)1 ( )0.5 (development)1 ( )0.5 (of)1 ( )0.5 (electric)1 ( )0.5 (vehicles)1 ( )0.5 (derives)1 ( )0.5 (from)1 ( )0.5 (the)1 ( )]TJ 0.025 Tc 0.023 Tw T* (resonance of \223policy + quality supply + demand\224. Among them, Europ\ ean carbon )Tj 0.041 Tc 0.07 Tw T* [(emission)12.3 ( regulations)12.2 ( and)12.2 ( China\222s)12.2 ( policy)12.3 ( of)12.2 ( double)12.3 ( credits)12.3 ( are)12.3 ( the)12.3 ( core)12.2 ( driving)16 ( )]TJ 0.025 Tc 0.022 Tw T* (forces for the growth of the global electric vehicles industry. At prese\ nt, overseas )Tj 0.053 Tw T* (countries continue to strongly promote the electric vehicles, many of wh\ ich have )Tj 0.042 Tc 0.07 Tw T* [(introduced)12.5 ( significant)12.6 ( preferential)12.6 ( policies)12.6 ( for)12.6 ( electric)12.6 ( vehicles,)12.6 ( and)12.6 ( increased)17 ( )]TJ 0.025 Tc 0 Tw T* (subsidies to stimulate the demand of end-users.)Tj ET endstream endobj 114 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 29 \226)Tj /T1_1 1 Tf 10.4 0 0 13 85.0394 770.8479 Tm (Issuing authority)Tj 8.722 0 Td (Issuing time)Tj 8.995 0 Td (Industrial policy)Tj -0.025 Tw 12.265 0 Td (Descriptions)Tj /T1_0 1 Tf -29.982 -2.462 Td (European )Tj 1.254 -1.231 Td (Commission)Tj 0 Tw 13 0 0 13 175.748 738.8479 Tm (19 May 2020)Tj 10.4 0 0 13 269.2913 738.8479 Tm (Green Economic Recovery )Tj -0.025 Tw 0 -1.231 TD (Plan)Tj 0 Tw 12.265 1.231 Td (The EU intends to boost the )Tj T* (electric vehicle industry as )Tj T* (an important part of green )Tj T* (economic recovery, including )Tj T* (encouraging automobiles )Tj T* (enterprises to produce and )Tj T* (sell clean-energy vehicles )Tj 0 -1.231 TD (and increasing investment in )Tj 0 -1.231 TD (charging infrastructure. Among )Tj T* (them, the exemption of value )Tj T* (added tax on zero emission )Tj T* (vehicles may accelerate the )Tj T* (purchasing parity of electric )Tj T* (vehicles in Europe to stimulate )Tj -0.025 Tw T* (consumption.)Tj 0 Tw -29.982 -2.462 Td (Council of French )Tj -0.025 Tw 1.254 -1.231 Td (Government)Tj 0 Tw 13 0 0 13 175.748 482.8479 Tm (27 May 2020)Tj 10.4 0 0 13 269.2913 482.8479 Tm (8 billion-euro plan to )Tj T* (revive the auto industry)Tj 12.265 1.231 Td (The subsidies are increased: )Tj T* (government subsidies for )Tj T* (private consumers who buy )Tj T* (electric vehicles are increased )Tj T* (from 6,000 euro to 7,000 euro, )Tj T* (and commercial customers can )Tj T* (get a subsidy of 5,000 euro. )Tj 0 -1.231 TD (At the same time, a subsidy )Tj 0 -1.231 TD (of 3,000 euro will be given )Tj T* (for redeeming diesel/gasoline )Tj 0.022 Tc T* [(vehicles and 5,000 euro for pure)-3 ( )]TJ 0.025 Tc T* (electric vehicles.)Tj ET endstream endobj 113 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 28 \226)Tj 0.036 Tw 13 0 0 13 85.0394 776.3179 Tm (The subsidy policy for electric vehicles in China will be extended to 20\ 22. In the )Tj 0.037 Tc 0.071 Tw 0 -1.231 TD [(s)0.5 (ho)0.5 (rt)12 ( )0.5 (t)0.5 (er)0.5 (m)0.5 (,)12 ( )0.5 (it)12 ( )0.5 (r)0.5 (ep)0.5 (r)0.5 (es)0.5 (e)0.5 (nt)0.5 (s)12 ( )0.5 (a)12 ( )0.5 (r)0.5 (ea)0.5 (s)0.5 (on)0.5 (ab)0.5 (le)12 ( )0.6 (su)0.5 (pp)0.5 (or)0.5 (t)12 ( )0.5 (po)0.5 (li)0.5 (c)0.5 (y)12 ( )0.5 (de)0.5 (si)0.5 (g)0.5 (na)0.5 (te)0.5 (d)12 ( )0.5 (b)0.5 (y)11.9 ( )0.6 (th)0.5 (e)12 ( )0.5 (C)0.5 (hin)0.5 (e)0.5 (se)12 ( )]TJ 0.042 Tc 0.07 Tw T* [(government)12.4 ( based)12.4 ( on)12.3 ( the)12.3 ( current)12.4 ( industry)12.3 ( situation.)12.4 ( It)12.3 ( will)12.3 ( ease)12.4 ( the)12.4 ( decline)12.4 ( of)17 ( )]TJ 0.035 Tc 0.073 Tw T* [(subsidies)10 ( )0.5 (and)10 ( )0.5 (promote)10.1 ( )0.5 (the)10 ( )0.5 (consumption)10 ( )0.5 (of)10 ( )0.5 (electric)10.1 ( )0.5 (vehicles.)10 ( )0.5 (In)10 ( )0.5 (the)10 ( )0.6 (long)10 ( )0.5 (run,)10 ( )0.5 (as)10 ( )]TJ 0.031 Tc 0.077 Tw T* [(subsidies)6 ( )0.5 (are)6 ( )0.5 (removed)6.1 ( )0.5 (entirely,)6 ( )0.5 (the)6 ( )0.5 (development)6 ( )0.5 (of)6 ( )0.5 (the)6 ( )0.5 (electric)6 ( )0.5 (vehicle)6.1 ( )0.5 (industry)6 ( )]TJ 0.025 Tc 0 Tw T* (will depend on cost reduction and product quality improvement.)Tj 0.021 Tc 0 -2.462 TD [(The important foreign policies issued recently relating to the electric \ vehicle are as)-4 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.231 TD (follows:)Tj /T1_1 1 Tf 0 Tw 10.4 0 0 13 85.0394 616.3179 Tm (Issuing authority)Tj 8.722 0 Td (Issuing time)Tj 8.995 0 Td (Industrial policy)Tj -0.025 Tw 12.265 0 Td (Descriptions)Tj /T1_0 1 Tf -29.982 -2.462 Td (German )Tj 1.254 -1.231 Td (Government\222s )Tj T* (Commission)Tj 0 Tw 13 0 0 13 175.748 584.3179 Tm (17 February )Tj -0.025 Tw T* (2020)Tj 10.4 0 0 13 269.2913 584.3179 Tm (\223Umweltbonus\224 )Tj 0 Tw T* (\(Environmental bonus\) )Tj -0.025 Tw T* (Program)Tj /C0_0 1 Tf 0.225 Tc -0.225 Tw 3.244 0 Td [<0080>200 <14110FA411A40696>200 <0081>620 <0807>]TJ 0 Tc 0 Tw -3.244 -1.231 Td <0F8C>Tj /T1_0 1 Tf 0.025 Tc 12.265 3.692 Td (The latest subsidy policy will )Tj T* (increase the amount of subsidy )Tj T* (for electric vehicles by 50%. )Tj T* (The maximum subsidy for pure )Tj T* (electric vehicles is 9,000 euro )Tj T* (\(lasting until the end of 2021\), )Tj T* (but the vehicle price shall be )Tj 0 -1.231 TD (less than 40,000 euro. 5,000 )Tj 0 -1.231 TD (euro is subsidized for vehicles )Tj T* (of which the prices are between )Tj T* (40,000 and 60,000 euro.)Tj -29.982 -2.462 Td (National Highway )Tj 1.254 -1.231 Td (Traffic Safety )Tj -0.025 Tw T* (Administration )Tj 0 Tw T* (\(NHTSA\) and )Tj -0.025 Tw T* (Environmental )Tj T* (Protection )Tj 0 Tw T* (Agency \(EPA\))Tj 13 0 0 13 175.748 392.3179 Tm (31 March 2020)Tj 10.4 0 0 13 269.2913 392.3179 Tm (Safer Affordable Fuel- )Tj T* (Efficient \(SAFE\) Vehicles )Tj -0.025 Tw T* (Rule)Tj 0 Tw 12.265 2.462 Td (In the future, the Safer )Tj T* (Affordable Fuel-Efficient )Tj T* (\(SAFE\) Vehicles Rule will )Tj T* (replace the Corporate Average )Tj T* (Fuel Economy \(CAFE\) )Tj T* (Standards. According to the )Tj T* (latest SAFE rule, automobiles )Tj 0 -1.231 TD (manufacturers need to increase )Tj 0 -1.231 TD (the average fuel economy of )Tj T* (passenger vehicles and light )Tj T* (trucks by 1.5% per year from )Tj T* (2021 to 2026, and finally )Tj T* (reaching 40 mpg.)Tj ET endstream endobj 112 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 27 \226)Tj /T1_1 1 Tf 10.4 0 0 13 85.0394 770.8479 Tm (Issuing authority)Tj 8.722 0 Td (Issuing time)Tj 8.995 0 Td (Industrial policy)Tj -0.025 Tw 12.265 0 Td (Descriptions)Tj /T1_0 1 Tf 0 Tw -29.982 -2.423 Td (4 departments )Tj -0.025 Tw 1.254 -1.192 Td (including )Tj 0 Tw 0 -1.192 TD (Ministry of )Tj -0.025 Tw T* (Ecological )Tj T* (Environment)Tj 0 Tw 7.468 4.769 Td (14 May 2020)Tj 8.995 0 Td (Announcement on )Tj 0 -1.192 TD (Adjusting the Relevant )Tj 0 -1.192 TD (Requirements for )Tj T* (Implementing the Sixth )Tj T* (Stage National Emission )Tj T* (Standards for Light )Tj -0.025 Tw 0 -1.192 TD (Vehicles\()Tj /C0_0 1 Tf 0.225 Tc -0.225 Tw 3.682 0 Td [<0090>200 <15EB05F5121C12C610C0>]TJ -3.682 -1.192 Td <06E804DB05130A3702AC0AB005F3117A0E5F>Tj 0 -1.192 TD [<0FBC074403DE15EB080504CB065902AE0453>200.1 <0091>]TJ /T1_0 1 Tf 0 Tc 0 Tw 11.387 0 Td (\))Tj 0.025 Tc 0.878 9.538 Td (The sixth stage national )Tj 0 -1.192 TD (emission standards for light )Tj 0 -1.192 TD (vehicles has been implemented )Tj T* (nationwide since 1 July 2020, )Tj T* (and the production of light )Tj T* (vehicles under the five stage )Tj 0 -1.192 TD (national emission standards will )Tj 0 -1.192 TD (be prohibited, and the imported )Tj T* (light vehicles shall meet the )Tj T* (sixth stage national emission )Tj -0.025 Tw 0 -1.192 TD (standards.)Tj 0 Tw -29.982 -2.385 Td (5 departments )Tj 1.254 -1.192 Td (including MIIT)Tj 7.468 1.192 Td (22 June 2020)Tj 8.995 0 Td (Decision on Revising the )Tj 0 -1.192 TD (Measures for the Parallel )Tj 0 -1.192 TD (Administration of the )Tj 0 -1.192 TD (Average Fuel Consumption )Tj -0.025 Tw 0 -1.231 TD (and )Tj 1.794 0 Td (Electric)Tj 0 Tw ( Vehicle )Tj -1.794 -1.192 Td (Credits of Passenger )Tj 0 -1.192 TD (Vehicle Enterprises\()Tj /C0_0 1 Tf -0.025 Tw 8.317 0 Td [<009015EB>-200 <05F5>]TJ 0.225 Tc -0.225 Tw -8.317 -1.192 Td [<084C04B7>700 <0094>200 <0831035C051303860E38033B0469>]TJ 0 -1.231 TD <12F708D8090A09830D8E107E>Tj <0F650A17>Tj 0 Tc 0 Tw <04DB>Tj 0.225 Tc -0.225 Tw 0 -1.192 TD [<0513131002B105280411104D0B23136C062C>200.1 <0095>]TJ T* [<065904D4059B>200 <0091>]TJ /T1_0 1 Tf 0 Tc 0 Tw 4.125 0 Td (\))Tj 0.025 Tc 8.14 12 Td (The requirements of electric )Tj T* (vehicle credit proportion from )Tj 0 -1.192 TD (2021 to 2023 are clarified, and )Tj 0 -1.192 TD (the requirements of electric )Tj T* (vehicle credit proportion in )Tj T* (2019, 2020, 2021, 2022 and )Tj T* (2023 are increased year by )Tj 0 -1.192 TD (year. The measures to guide )Tj 0 -1.192 TD (the energy saving of traditional )Tj T* (passenger vehicles are added, )Tj T* (and the enterprises producing/)Tj 0 -1.192 TD (supplying fuel efficient )Tj 0 -1.192 TD (vehicles are given preferential )Tj T* (accounting when calculating )Tj T* (the standard value of electric )Tj 0 -1.192 TD (vehicle credits. Passenger )Tj 0 -1.192 TD (vehicle enterprises can use )Tj T* (the positive credits of electric )Tj T* (vehicles generated in 2021 to )Tj T* (compensate the negative credits )Tj 0 -1.192 TD (of electric vehicles in 2020. )Tj 0 -1.192 TD (This decision is helpful for )Tj T* (automobiles enterprises to make )Tj T* (reasonable arrangements based )Tj T* (on their own conditions to )Tj 0 -1.192 TD (better complete the assessment )Tj 0 -1.192 TD (requirements, further enhance )Tj T* (the enthusiasm of automobiles )Tj T* (enterprises in the research )Tj 0 -1.192 TD (and development of electric )Tj 0 -1.192 TD (vehicles, so as to facilitate the )Tj T* (long-term healthy development )Tj T* (of the electric vehicle market.)Tj ET endstream endobj 111 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 26 \226)Tj 0.006 Tw 13 0 0 13 85.0394 776.3179 Tm (The important domestic policies recently issued relating to the electric\ vehicle are )Tj 0 Tw 0 -1.231 TD (as follows:)Tj /T1_1 1 Tf 10.4 0 0 13 85.0394 728.3179 Tm (Issuing authority)Tj 8.722 0 Td (Issuing time)Tj 8.995 0 Td (Industrial policy)Tj -0.025 Tw 12.265 0 Td (Descriptions)Tj /T1_0 1 Tf -29.982 -3.692 Td (MIIT)Tj 0 Tw 8.722 0 Td (7 April 2020)Tj 8.995 0 Td (Decision on revision of )Tj T* (Provisions on the Access )Tj T* (Administration of Electric )Tj T* (Vehicle Manufacturers and )Tj 0 -1.231 TD (Products \()Tj /C0_0 1 Tf 0.225 Tc -0.225 Tw 3.958 0 Td [<0090>200 <0F650A1704DB0513035B>]TJ -3.958 -1.231 Td <0B2A03860E3802BF0B2A06DC0858025D104D>Tj 0 -1.231 TD [<0B230B9D059B>200 <0091>]TJ /T1_0 1 Tf 0.025 Tc -0.025 Tw 4.125 0 Td (\)\(Consultation )Tj -4.125 -1.231 Td (draft\))Tj 0 Tw 12.265 8.615 Td (To lower the entry threshold for )Tj T* (electric vehicles manufacturers, )Tj T* (the entry examination )Tj T* (requirements relating to \223design )Tj 0 -1.231 TD (and development capability\224 )Tj 0 -1.231 TD (in the provisions are deleted, )Tj T* (the provision that \223new pure )Tj T* (electric vehicle manufacturers )Tj T* (shall meet the provisions of )Tj T* (\221Regulations for the new Pure )Tj T* (Electric Passenger Vehicles\222\224 is )Tj -0.025 Tw T* (deleted.)Tj 0 Tw -29.982 -2.462 Td (3 departments )Tj -0.025 Tw 1.254 -1.231 Td (including )Tj 0 Tw T* (Ministry of )Tj -0.025 Tw T* (Finance)Tj 0 Tw 7.468 3.692 Td (22 April 2020)Tj 0.024 Tc 8.995 0 Td [(Announcement on Relevant)-1 ( )]TJ 0.025 Tc T* (policies for the Exemption )Tj T* (of Vehicle Purchase Tax )Tj T* (for Electric Vehicles \()Tj /C0_0 1 Tf -0.025 Tw 9.058 0 Td <009015EB>Tj 0.225 Tc -0.225 Tw -9.058 -1.231 Td <05F50F650A1704DB0513043505BC0513123F>Tj T* <14850EC40CFC03DE15EB07410D04065902AE>Tj 0.025 Tc -0.025 Tw T* <04530091>Tj /T1_0 1 Tf 0 Tc 0 Tw 1.675 0 Td (\))Tj 0.025 Tc 10.59 7.385 Td (From 1 January 2021 to 31 )Tj T* (December 2022, electric )Tj T* (vehicles purchased will be )Tj 0.021 Tc T* [(exempted from vehicle purchase)-4 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.231 TD (tax.)Tj 0 Tw -29.982 -4.923 Td (4 departments )Tj -0.025 Tw 1.254 -1.231 Td (including )Tj 0 Tw 0 -1.231 TD (Ministry of )Tj -0.025 Tw T* (Finance)Tj 0 Tw 7.468 3.692 Td (23 April 2020)Tj 8.995 0 Td (Notice on Improving the )Tj T* (Policies on Financial )Tj T* (Subsidies for Promotion )Tj T* (and Application of Electric )Tj T* (Vehicles \()Tj /C0_0 1 Tf 0.225 Tc -0.225 Tw 3.957 0 Td [<0090>200 <15EB05F504810D1B0F65>]TJ -3.957 -1.231 Td <0A1704DB05130AAA113F13D0035C09CC0741>Tj T* [<0EFE0D6807410D0406590BB7065D>200 <0091>]TJ /T1_0 1 Tf 0 Tc 0 Tw 9.025 0 Td (\))Tj 0.025 Tc 3.24 7.385 Td (The implementation period of )Tj T* (financial subsidy policy for )Tj T* (the promotion and application )Tj T* (of electric vehicles will be )Tj T* (extended to the end of 2022. On )Tj T* (this basis, the subsidy decline )Tj T* (will be eased. In principle, the )Tj 0.022 Tc T* [(maximum subsidy scale is about)-3 ( )]TJ 0.025 Tc T* (2 million vehicles per year. )Tj 0.022 Tc T* [(Before subsidy, the selling price)-3 ( )]TJ 0.025 Tc T* (of electric passenger vehicles )Tj 0 -1.231 TD (should be less than RMB0.3 )Tj 0 -1.231 TD (million \(including RMB0.3 )Tj -0.025 Tw T* (million\).)Tj ET endstream endobj 35 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 36 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 37 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 38 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 39 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 124 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 25 \226)Tj /T1_1 1 Tf 13 0 3.4833 13 55.3588 776.409 Tm [(3. )-1105.5 (Analysis of the electric vehicle market)]TJ /T1_0 1 Tf 0.047 Tc 0.07 Tw 13 0 0 13 85.0394 744.409 Tm [(According)12.1 ( to)12.1 ( the)12.2 ( statistics)12.2 ( of)12.2 ( the)12.2 ( \223Electric)12.2 ( Vehicle)12.2 ( Industry)12.2 ( Chain)12.1 ( Database\224)22 ( )]TJ 0.048 Tc 0 -1.231 TD [(released)12.8 ( by)12.8 ( Gaogong)12.8 ( Industry)12.8 ( Research)12.7 ( Institute)12.8 ( \(GGII\),)12.8 ( the)12.8 ( sales)12.8 ( of)12.8 ( electric)23 ( )]TJ 0.032 Tc 0.076 Tw T* [(passenger)7 ( )0.5 (vehicles)7.1 ( in)7 ( )0.5 (the)7 ( )0.5 (first)7 ( )0.5 (half)7 ( )0.5 (of)7 ( )0.5 (2)7 (0)7 (2)7 (0)7 ( )0.5 (amounted)7.1 ( )0.5 (to)7 ( )0.5 (approximately)7 ( )0.5 (8)7 (5)7 (1)7 (,)7 (0)7 (0)7 (0)7 ( )]TJ 0.061 Tc 0.07 Tw T* [(across)12.4 ( the)12.4 ( globe,)12.4 ( representing)12.4 ( a)12.4 ( year-on-year)12.5 ( decrease)12.4 ( of)12.4 ( 1)12.4 (6)12.4 (%.)12.5 ( The)12.4 ( overall)36 ( )]TJ T* [(outbreak)12.8 ( of)12.8 ( the)12.8 ( COVID-)12.8 (1)12.8 (9)12.8 ( pandemic)12.8 ( in)12.8 ( March)12.8 ( led)12.8 ( to)12.8 ( a)12.8 ( decline)12.8 ( in)12.8 ( the)12.8 ( sales)36 ( )]TJ 0.046 Tc T* [(of)12.1 ( electric)12.1 ( passenger)12.1 ( vehicles.)12.1 ( In)12.1 ( April,)12.1 ( with)12.1 ( the)12 ( expansion)12.1 ( of)12.1 ( the)12.1 ( COVID-)12.1 (1)12 (9)21 ( )]TJ 0.025 Tc 0.033 Tw T* (pandemic, the implementation of travel control all over Europe and Ameri\ ca, and )Tj 0.051 Tw 0 -1.231 TD (the suspension of operation and production of all vehicle enterprises, c\ ontributed )Tj 0.024 Tc 0 Tw 0 -1.231 TD [(to a sharp drop in sales volume of up to 34%. In May and June, the indus\ try began)-1 ( )]TJ 0.025 Tc T* (to rebound. Relative specific movements are shown in the following table\ :)Tj /T1_1 1 Tf 2.997 -2.462 Td (Analysis of the sales of the electric vehicles across the globe )Tj 3.429 -1.231 Td (from January to June 2020 \(10,000 vehicles\))Tj ET /PlacedGraphic /MC0 BDC EMC 0 0 0 0.149 K 0.75 w 1 j /GS1 gs q 1 0 0 1 113.3307 418.7695 cm 0 0 m 358.17 0 l 0 28.26 m 358.17 28.26 l 0 56.52 m 358.17 56.52 l 0 84.78 m 358.17 84.78 l 0 113.03 m 358.17 113.03 l S Q 0.732 0.463 0.102 0 k 128.001 478.11 13.38 -87.58 re 187.701 453.81 13.38 -63.28 re 247.401 506.37 13.38 -115.84 re 307.101 478.71 13.38 -88.18 re 366.741 485.49 13.44 -94.96 re 426.441 513.69 13.38 -123.16 re f 0.312 0.811 0.665 0.001 k 144.981 475.29 13.38 -84.76 re 204.681 459.45 13.38 -68.92 re 264.381 478.71 13.38 -88.18 re 324.081 448.71 13.38 -58.18 re 383.781 464.55 13.38 -74.02 re 443.481 497.91 13.38 -107.38 re f q 1 0 0 1 113.3307 390.5295 cm 0 0 m 358.17 0 l S Q 0.014 0.23 0.296 0 K 2.25 w 1 J q 1 0 0 1 143.1807 485.5499 cm 0 0 m 59.7 30.84 l 119.4 -53.94 l 179.1 -79.61 l 238.8 -48.78 l 298.47 -25.68 l S Q 0.78 w 0 J q 1 0 0 1 145.6407 483.08 cm 0 0 m -4.98 4.98 l -4.98 0 m 0 4.98 l 59.7 30.78 m 54.72 35.76 l 54.72 30.78 m 59.7 35.76 l 119.4 -53.94 m 114.42 -48.96 l 114.42 -53.94 m 119.4 -48.96 l 179.1 -79.621 m 174.12 -74.64 l 174.12 -79.621 m 179.1 -74.64 l 238.8 -48.84 m 233.82 -43.86 l 233.82 -48.84 m 238.8 -43.86 l 298.5 -25.68 m 293.52 -20.7 l 293.52 -25.68 m 298.5 -20.7 l S Q BT 0 0 0 0.749 k /T1_2 1 Tf 0 Tc 9 0 -0 9 147.1204 482.1705 Tm (15)Tj 6.253 -1.758 Td (12.2)Tj 6.633 2.136 Td (15.6)Tj 6.633 -3.329 Td (10.3)Tj 6.636 1.76 Td (13.1)Tj 7.013 3.704 Td (19)Tj -0.026 Tc 0.026 Tw -35.109 -0.813 Td (-3)Tj 0 Tc 0 Tw 0.807 0 Td (%)Tj 8.271 1.758 Td (9%)Tj 6.633 -9.42 Td (-)Tj 0.307 0 Td (24%)Tj 6.327 -2.853 Td (-)Tj 0.307 0 Td (34%)Tj 6.327 3.424 Td (-)Tj 0.307 0 Td (22%)Tj 6.327 2.569 Td (-)Tj 0.309 0 Td (13%)Tj ET q 95.881 352.679 403.514 183.99 re W n BT 0 0 0 0.651 k 9 0 -0 9 479.9007 387.9105 Tm (-40%)Tj 0 1.429 TD (-35%)Tj 0 1.427 TD (-30%)Tj 0 1.427 TD (-25%)Tj 0 1.427 TD (-20%)Tj 0 1.427 TD (-15%)Tj T* (-10%)Tj ET Q BT 0 0 0 0.651 k 9 0 -0 9 479.9007 477.8306 Tm (-5%)Tj 0 1.427 TD (0%)Tj 0 1.427 TD (5%)Tj 0 1.427 TD (10%)Tj ET q 95.881 352.679 403.514 183.99 re W n BT 9 0 -0 9 479.9007 529.1905 Tm (15%)Tj ET Q BT 9 0 -0 9 100.4408 387.9105 Tm (0)Tj 0 3.14 TD (5)Tj ET q 95.881 352.679 403.514 183.99 re W n BT 9 0 -0 9 95.8807 444.4302 Tm (10)Tj 0 3.14 TD (15)Tj 0 3.138 TD (20)Tj 0 3.14 TD (25)Tj ET Q BT 9 0 -0 9 136.3807 376.2105 Tm (1)Tj /C0_0 1 Tf 0.507 0 Td <36B0>Tj /T1_2 1 Tf 6.129 0 Td (2)Tj /C0_0 1 Tf 0.507 0 Td <36B0>Tj /T1_2 1 Tf 6.127 0 Td (3)Tj /C0_0 1 Tf 0.507 0 Td <36B0>Tj /T1_2 1 Tf 6.127 0 Td (4)Tj /C0_0 1 Tf 0.507 0 Td <36B0>Tj /T1_2 1 Tf 6.127 0 Td (5)Tj /C0_0 1 Tf 0.507 0 Td <36B0>Tj /T1_2 1 Tf 6.127 0 Td (6)Tj /C0_0 1 Tf 0.507 0 Td <36B0>Tj ET 0.732 0.463 0.102 0 k 210.801 355.69 19.2 4.944 re f* BT 0 0 0 0.651 k /T1_2 1 Tf 9 0 -0 9 232.0407 355.9105 Tm (2019)Tj /C0_0 1 Tf 2.029 0 Td <2E1C>Tj ET 0.312 0.811 0.665 0.001 k 270.161 355.69 19.2 4.944 re f* BT 0 0 0 0.651 k /T1_2 1 Tf 9 0 -0 9 291.4207 355.9105 Tm (2020)Tj /C0_0 1 Tf 2.027 0 Td <2E1C>Tj ET 2.25 w 1 J q 1 0 0 1 329.5207 358.1595 cm 0 0 m 19.2 0 l S Q 0.75 w 0 J q 1 0 0 1 341.6007 355.6495 cm 0 0 m -4.98 4.98 l -4.98 0 m 0 4.98 l S Q 0 0 0 0 k 250.561 352.679 8.883 13.559 re f BT 0 0 0 1 k /T1_2 1 Tf 7.98 0 -0 7.98 357.8607 357.7905 Tm (Year)Tj -0.025 Tc 0.025 Tw 1.812 0 Td (-o)Tj 0.054 Tc -0.054 Tw 0.807 0 Td (n-)Tj 0 Tc 0 Tw 0.862 0 Td (year )Tj 1.98 0 Td (growth)Tj ET 0 0 0 0 k 178.561 368.569 52.361 20.104 re f* BT 0 0 0 1 k 10.02 0 -0 10.02 185.7806 375.5105 Tm (Febuar)Tj 2.778 0 Td (y)Tj ET 0 0 0 0 k 243.551 366.7 45.816 21.507 re f* BT 0 0 0 1 k 10.02 0 -0 10.02 250.7807 375.0505 Tm (Marc)Tj (h)Tj ET 0 0 0 0 k 303.861 368.569 42.547 19.169 re f* BT 0 0 0 1 k 10.02 0 -0 10.02 311.1007 374.5905 Tm (Apri)Tj 1.832 0 Td (l)Tj ET 0 0 0 0 k 364.641 369.509 36.467 19.637 re f* BT 0 0 0 1 k 10.02 0 -0 10.02 371.8807 375.9905 Tm (May)Tj ET 0 0 0 0 k 425.421 372.31 34.599 17.299 re f* BT 0 0 0 1 k 10.02 0 -0 10.02 432.6606 376.4505 Tm (June)Tj ET 0 0 0 0 k 310.661 354.5 10.25 12.6 re f* 115.661 367.099 48.65 23.4 re f* BT 0 0 0 1 k 10.02 0 -0 10.02 122.8607 375.6705 Tm (January)Tj 3.126 0 Td ( )Tj /GS0 gs /T1_0 1 Tf 0.025 Tc 11 0 0 11 85.0394 324.6794 Tm (Source: Gaogong Industry Research Institute \(GGII\))Tj 0.049 Tw 13 0 0 13 85.0394 292.6794 Tm (China\222s electric vehicle market was greatly affected by its policies.\ According to )Tj 0.028 Tc 0.08 Tw 0 -1.231 TD [(t)0.5 (h)0.5 (e)3 ( )0.5 (d)0.5 (a)0.5 (t)0.5 (a)3 ( )0.5 (o)0.5 (f)3 ( )0.5 (C)0.5 (h)0.5 (i)0.5 (n)0.5 (a)3 ( )0.5 (A)0.6 (ss)0.5 (o)0.5 (c)0.6 (ia)0.5 (t)0.5 (i)0.5 (o)0.5 (n)3 ( )0.5 (o)0.5 (f)3 ( )0.6 (A)0.5 (u)0.5 (t)0.5 (o)0.5 (mo)0.5 (b)0.5 (i)0.5 (l)0.5 (e)3 ( )0.5 (M)0.5 (a)0.6 (n)0.5 (uf)0.5 (a)0.6 (c)0.5 (t)0.5 (u)0.5 (r)0.5 (e)0.5 (r)0.5 (s)0.5 (,)3 ( )0.5 (t)0.5 (h)0.5 (e)3 ( )0.5 (p)0.5 (r)0.5 (o)0.5 (d)0.5 (u)0.5 (c)0.5 (t)0.5 (i)0.5 (o)0.5 (n)3 ( )0.5 (a)0.5 (n)0.5 (d)3 ( )]TJ 0.04 Tc 0.07 Tw T* [(sales)12.8 ( of)12.8 ( China\222s)12.9 ( electric)12.9 ( vehicles)12.9 ( amounted)12.9 ( to)12.9 ( 0)12.8 (.)12.9 (3)12.8 (9)12.9 (7)12.9 ( million)12.9 ( and)12.8 ( 0)12.8 (.)12.9 (3)12.9 (9)12.8 (3)12.9 ( million)15 ( )]TJ 0.027 Tc 0.081 Tw T* [(respectively)1.9 ( )0.5 (from)2 ( )0.5 (January)2 ( )0.5 (to)1.9 ( )0.5 (June)2.1 ( 2)2 (0)2 (2)2 (0)2 (,)2 ( )0.5 (representing)2 ( a)2.1 ( year-on-year)2 ( )0.5 (decrease)2 ( )0.5 (of)2 ( )]TJ 0.045 Tc 0.07 Tw T* [(3)12.2 (6)12.1 (.)12.2 (5)12.1 (%)12.2 ( and)12.2 ( 3)12.2 (7)12.2 (.)12.1 (4)12.2 (%)12.1 ( respectively.)12.2 ( In)12.1 ( particular,)12.1 ( the)12.2 ( production)12.2 ( and)12.1 ( sales)12.1 ( of)12.1 ( pure)20 ( )]TJ 0.048 Tc T* [(e)0.5 (l)0.5 (e)0.5 (c)0.6 (tr)0.6 (i)0.5 (c)13 ( )0.5 (v)0.5 (e)0.5 (h)0.5 (i)0.5 (c)0.5 (l)0.5 (e)0.5 (s)13.1 ( )0.5 (a)0.5 (m)0.5 (o)0.5 (u)0.5 (n)0.5 (t)0.5 (e)0.5 (d)13 ( )0.5 (t)0.5 (o)13 ( )0.5 (0)13 (.)13 (3)13 (0)13 (1)13 ( )0.6 (mi)0.5 (l)0.5 (l)0.6 (i)0.5 (o)0.5 (n)13 ( )0.5 (a)0.5 (n)0.5 (d)13 ( )0.5 (0)13 (.)13 (3)13 (0)13 (4)13 ( )0.5 (m)0.5 (i)0.5 (l)0.5 (l)0.5 (i)0.5 (o)0.5 (n)0.5 (,)13 ( )0.5 (r)0.5 (e)0.6 (p)0.5 (r)0.5 (e)0.5 (s)0.5 (e)0.5 (n)0.5 (t)0.5 (i)0.5 (n)0.5 (g)13 ( )0.5 (a)23 ( )]TJ 0.053 Tc T* [(year-on-year)12.6 ( decrease)12.5 ( of)12.5 ( 4)12.5 (0)12.5 (.)12.5 (3)12.5 (%)12.5 ( and)12.5 ( 3)12.5 (9)12.5 (.)12.5 (2)12.5 (%,)12.5 ( respectively;)12.4 ( and)12.5 ( the)12.6 ( production)28 ( )]TJ 0.051 Tc T* [(a)0.5 (n)0.5 (d)13.1 ( )0.5 (s)0.5 (a)0.5 (l)0.5 (e)0.6 (s)13 ( )0.5 (o)0.5 (f)13 ( )0.5 (p)0.6 (l)0.5 (u)0.5 (g)0.5 (-)0.5 (i)0.5 (n)13 ( )0.6 (h)0.5 (y)0.5 (b)0.5 (r)0.5 (i)0.5 (d)13 ( )0.6 (e)0.5 (l)0.5 (e)0.5 (c)0.6 (t)0.5 (r)0.5 (i)0.5 (c)13 ( )0.5 (v)0.6 (e)0.5 (h)0.5 (i)0.5 (c)0.5 (l)0.6 (e)0.5 (s)13 ( )0.5 (a)0.5 (m)0.6 (o)0.5 (u)0.5 (n)0.5 (t)0.5 (e)0.5 (d)13 ( )0.6 (t)0.5 (o)13 ( )0.5 (9)13 (5)13 (,)13 (0)13.1 (0)13 (0)13 ( )0.5 (a)0.5 (n)0.5 (d)13 ( )0.6 (8)13 (8)13 (,)13 (0)13 (0)13 (0)13.1 (,)25.9 ( )]TJ 0.025 Tc 0 Tw T* (representing a year-on-year decrease of 20% and 29.8%, respectively.)Tj ET endstream endobj 127 0 obj <> endobj 128 0 obj <>stream application/postscript User A2020-08-001 Ganfeng Lithium C61-82.eps 2020-08-10T19:05:26+08:00 Adobe Illustrator CC 2014 (Windows) 2020-08-10T19:05:26+08:00 2020-08-10T19:05:26+08:00 Microsoft庐 Word 2013 xmp.did:54595da4-9b36-df4f-9f99-8d22ee112d67 xmp.iid:54595da4-9b36-df4f-9f99-8d22ee112d67 proof:pdf uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 uuid:b2490512-5d42-411c-aaa9-8f446ba3fb11 uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 proof:pdf saved xmp.iid:54595da4-9b36-df4f-9f99-8d22ee112d67 2020-08-10T19:05:26+08:00 Adobe Illustrator CC 2014 (Windows) / 1 False False 210.015669 297.010661 Millimeters TimesNewRomanPSMT Times New Roman Regular Open Type Version 5.07 False times_4.ttf PMingLiU 鏂扮窗鏄庨珨 Regular TrueType Version 7.00 False mingliu_3.ttc Cyan Magenta Yellow Black 闋愯ō鑹茬エ缇ょ祫 0 endstream endobj 125 0 obj <> endobj 126 0 obj <> endobj 130 0 obj <> endobj 131 0 obj <>stream H塪Tkl坻H銻Wi衕葦:t`啣葌M%h棗撠m\;眅!蓲瑖E姢HIv踷R詢瞖K-;v移q巛癎%鸔d!X)*0&脋谬鵠渟罟鱸*`{燫?Rs纨鱓;-'涰g対 喪'獮?綹D酸廪驃襑蜉洁3V齮萎绒蔌獲橨ヅ>z妒ij辸p撺鏂
TJ
歇]
7-?C痣2(|XSe繷╒
郤
P誒UTm藥昺l６e房谍wj濟蠚V韤烚堔Q秲x閚y桢譥秊儋扼+_.铽娍苴]饱.P兩饪啖鲯N］-毝vm侹W5E鸙岛磇儹dO粉 \#&S 懨]楯騲_轅甋K朰l维/+GZ耧坩9\ヾ\f瑖&Ye<AВ'B塄f\啺磹&绚丽D疋K蝻醤襥sr疊L榒m"2#(:倈l"緗欜躢5&爠簿行岾狽8a 谉DN硩sRD]頿娐钍銩鑚bK耨HM馁譠X *迀榝|n!n灹瑷郖 !繥q>H'蠶実
%>毩礝
^ZkyNN臚я殪鳥f 蕓 "┨邽{堓l:煫A;i
o铌l碫C*噾煁噂巆穵p鴙ri$ 夐hM'}磤壆X3敤 ?尲升81-どA@.嚀u:汨N芎A;渲郌6v G3〡 圎|A<dh祜‥鋑`S煡椗纂1>{_莋怱廖琐~&肌機姺\狘位jm駱,列K硵忟厇 薵鼮&澓宾枭梬neoB夐鹪4r莨苀tR説M儷]忞踡缳S惃壨峞覲:7橠g)嬬L偩
┎灛栊
|rQ饸_仇R~-0>l鉓mH椬B0阪ptJ1鎊圚宫懦L殜唬L剬8!4w!璗囐寀 6敜8譕Q{ z
謘橢i彑鉷栿B叐$嵮蓚w齨3縹焄ol W8f涜iLB鱒'n|帉觕,6chRfQ#n0[魩惗X.趼胚T凃澮1 iR鄳袅揗棒f呬菭V嘶彖骄=充菍) 錤厲&h50僎O6s8e z
幓靬9飐女)挊[绠q Ｉ後贪槏O@駢袖r符f2V硓t卞'疘u汏)=竨nm嫒&級7^l钾ǒ祣Y>ξT"o藁,,+枳kc雼Jju勹罐δ宽抶
s底岜書8櫄蘈鋝筡~(3懌働斀=8b鑒赁樍3峾鞾銼汗蹌櫖f地 n顧爁!z;]@沉8那愽 哌H蛙.>f姏@[6雗a+椢gc煒獨鸲=鏝#暕)衡紗.^KN3朞舻6滳鏷b敵ニ褻槼;谘翅rmY29,7蒲l唓ゑ!{氯 %爋G探zo鎟;;ъYU鬔籥#d%阽癜槆s炃*.偊~[\俴鼙,縳璆#摜ZG囁祰e漗閘瘤~[啒/#盽毾a薕誖T#{ga 攩虬Z+認O稝x:姿%瘠7N骴寛ZPJ肐?Q梙绋&欚硄< r,4若[蹛饮`撨2構渤&遭旀D媶 $甛U嘃J戋℡*3/徢O悅傇牐哜备)坮劢FT.峷R诠N糮嚤4湌$桋)魇DR顬`DO 睘
ZI桋S.镮!幉椟d,撉s#<_鳥`"}^虇26危＂<缭h嬨舧+q]]:而- Ymc溪19Bq 鱀}貳 馲JAGGD筊#3j鶎S赍e0餈!鰼
)/猙TR1璌Au+绋)RZW?斥CJ梵G饒?錉.罼榎!姿槫7壅闫U%湩}硵3T 劆"J!j-IJ萟惩趝匙{<咎豌K|蟲n緖诫&{壋IC6M6 !鹪xCH}槶帡B%訵K匡鼾C緀B[5,昑-粓恁捱a\I棬W5Q鞵坫縸oat->9C8|s澈l/Xv浓j@璟E Y>衴缝媸V矈讹<讠篋(OH2趣RY蓃緪叴)儸瀅潡墐魖&匳謥弩獡栩d"0O/劈0VLhX戟2懃5曇储Y佡怠J纱0&甓膱M佻:; 忪氯' 鑨瓞}搕s曐@虵Q玈Fi靳XT#鸆0玌bT*5朼3Q￤V+m藌刧滤绑鯊胡hDe(攽d匯R9PH鋐腪腧@鑦錟t舾調@=y代囡#Og錾龣涉/姓ks迁C蚞妘吹漖fK皈駅~/轳-瞫(艛#f &裭,K胯渟G&#婰芯螊l)_/'饓uEv]s52彿/E筢|/I ^稉MdEU玔p%諽X&楃6G央W儯阍(}黙阋9尔>D;詽蠼A-{呋Mn{莐W裬o裞S栽X璧仇9~{踺-j{зSD鮏)f乫
魤骽鬎c證y髫ww鄋;z誮2囘迠ia+勻鬆?*顨?+/狧)曾Y/薲虴 31f+,9$舴:;鄣刍+礄:4枌賐0Vx57鎱涚姴d%]R燴袛2╄e絙
i節n＇*隱灾Fuw f欬邓謓弪T!椣鐁 W虝4╢K櫷gr黃FC/籞秤8<苲=斍1 鏤_e壃,5胟駲:(D乻觵辖黢防藟8) ] )廴2]e糯%泜N桖貎繱G鼸'm鶕峃 /Hk９A
睒 <欌揑ツX&堢煫tt协XW\w鹼惺w熬0-h兊 8愮r砏狍师x澶埶J `Xe1'e藘睬莥;倾n邗Y韇杭o漫o*(&1F搧
簁)蜻Fe溈誒:刿o怼暫器ＬM俐聴峟e2滺濸#F15聙l拽ㄑO▂冭6莎艢]ZB?:{25靯GnOxq.4
鐸~b綫徊}潀箢优PoOo荭禰萃F4zz.|y|>鵻bd<毦蓢=攕鲺趨W:#}!_軏苂:}旓ao醈eGc女犠kJ 韑俺嗽皉|虱榸^Ce-*a悢d^聛<莁=Cx3羿T慠I)沠P俼uＯc籁翜&t>OTc迴乀o醒;.u褒榞錆8"爾吚(L艨02鋢黱璟莲岸鞣◢槭衔脣駅覐珩犈燴a(奇j鴮M涃t綩t75啑1順t?る'淾>津|n鲵@＞,媦+咉惛H*拍詨[(aI+軽亷嚚nV诙T礣(!UOr6臮踏丩絏逐 贗嬅V泩*毢1箨4醑伕_:;钺b"埿a6a?鰪oaIeI5j$l郬'UA矶VmQ蚙璫l伆+梮^膝9]燚=誠囄
馫nh鸎蜬X隄7C琯況YeA夬`緿,#乤S1bT+FE-艙7=塆2嶨"P膢攩齥腄眩I5`呺1窜R&46V鱶鄈m聛GΠ靁喡(宍鈊%M悐姭汯荖E\赻摏洡妥虶Sk[J-裂鉶笐豚韣9鐌寽
奲ku
h>岇ts嶗o
/8J`a佼pl膠'忨>醎X蹄5&k駋篃}綨W~-'"7uFvhV愰
hVg膇釄辫揁E0h$涯+9孤,3=懀睥脽悰S0`lg粓獌 躜嶛挘oW'pdFf蔺TBr犪s蛎遌(鱦O裫毆歓菀軥nD筙挕NG 匤Fz4
愈r櫸V头冱#聺驃強 簏(E焫mK淦塩>倬辶妅 !d[-躤詸檊BL-l 攝硝$'嘴頯罇07辩 endstream endobj 129 0 obj [132 0 R] endobj 132 0 obj <> endobj 133 0 obj <> endobj 134 0 obj <> endobj 135 0 obj <>stream H塲`寕Q0D
茾;`饋{
endstream endobj 136 0 obj <>stream H,捽O芠伓&sD鉒)忮翣1聯$槓 $坣B贁u赸A贊醪袯穘塘(0!&均侊
镜[ПD削t蝈wN句伷s傌揉ぅ桄5=B寃 9\]輂Cg 礥mKp递`Jj廽侁IS[稀ilV.\TW剬v前葆" 襴u眺卵眼aw<郪[
p6 鷂嵿徻=T鑲縸7U殛蕂6*焛x#|3敁r{1漑D忲黯轛蕰韮11|奊-酮E犙OM舩0- \苖.L嫂菡诱礩$曯蚦K橦(臠R垕x侻9Ly瑅 l 3f侧煽,噩╲2暨壈fo炋lcㄖ玐暉惾q"鲝蓒dG隱PvGz勘嬸鈐*k^O汊\斉=t奱倂嗆萅絙蚁3ZPO通譓搲壺C>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 24 \226)Tj 0.044 Tc 0.07 Tw 13 0 0 13 85.0394 776.3179 Tm [(Meanwhile,)12.4 ( the)12.4 ( prices)12.4 ( of)12.4 ( major)12.4 ( lithium)12.5 ( compounds)12.4 ( remained)12.4 ( relatively)12.4 ( stable)19 ( )]TJ 0.028 Tc 0.08 Tw 0 -1.231 TD [(in)3 ( )0.5 (international)3.1 ( market.)3 ( )0.5 (In)3 ( )0.5 (Asian)3 ( )0.5 (market,)3 ( )0.5 (for)3 ( )0.5 (example,)3 ( )0.6 (the)3 ( )0.5 (CIF)3 ( )0.5 (prices)3 ( )0.5 (of)3 ( )0.5 (lithium)3 ( )]TJ 0.049 Tc 0.07 Tw T* [(carbonate)12.9 ( and)12.9 ( lithium)12.9 ( hydroxide)12.9 ( experienced)12.9 ( a)12.9 ( gradual)12.8 ( decline)12.8 ( in)12.9 ( the)12.9 ( second)24 ( )]TJ 0.025 Tc 0.038 Tw T* (half of 2018, and then slowed down in the end of 2019; the CIF prices of\ lithium )Tj 0.053 Tw T* (carbonate and lithium hydroxide have gradually stabilized since the begi\ nning of )Tj 0 Tw T* (2020. Relative specific movements are shown in the following table:)Tj /T1_1 1 Tf -1.389 -2.462 Td (CIF prices of lithium carbonate and lithium hydroxide in Asia \(Unit: US\ D/ton\))Tj ET /PlacedGraphic /MC0 BDC EMC q 98.973 334.147 397.329 314.431 re W n 0 0 0 0.149 K 0.75 w 1 j /GS1 gs q 1 0 0 1 130.1028 441.0983 cm 0 0 m 366.2 0 l 0 50.64 m 366.2 50.64 l 0 101.28 m 366.2 101.28 l 0 151.98 m 366.2 151.98 l 0 202.6 m 366.2 202.6 l 0 -50.65 m 366.2 -50.65 l S Q Q 0.732 0.463 0.102 0 K 2.25 w 1 j 1 J /GS1 gs q 1 0 0 1 136.2028 600.6487 cm 0 0 m 12.23 -5.05 l 24.41 -5.05 l 36.65 -17.71 l 48.83 -22.81 l 61.01 -30.37 l 73.25 -35.47 l 85.43 -58.27 l 97.67 -63.31 l 109.85 -67.09 l 122.09 -72.19 l 134.27 -70.93 l 146.51 -73.45 l 158.69 -78.49 l 170.87 -75.97 l 183.11 -75.97 l 195.29 -82.33 l 207.53 -87.37 l 219.71 -97.51 l 231.95 -98.77 l 244.13 -100.03 l 256.37 -106.39 l 268.55 -107.89 l 280.73 -116.47 l 292.97 -122.83 l 305.15 -120.31 l 317.39 -121.57 l 329.57 -125.36 l 341.81 -120.79 l 354 -124.09 l S Q 0.312 0.811 0.665 0.001 K q 1 0 0 1 136.2028 598.1187 cm 0 0 m 12.23 0 l 24.41 2.53 l 36.65 0 l 48.83 0 l 61.01 -2.52 l 73.25 -2.52 l 85.43 -5.04 l 97.67 -17.76 l 109.85 -17.76 l 122.09 -35.46 l 134.27 -40.5 l 146.51 -43.08 l 158.69 -45.6 l 170.87 -55.74 l 183.11 -58.26 l 195.29 -64.56 l 207.53 -65.88 l 219.71 -68.4 l 231.95 -69.42 l 244.13 -71.94 l 256.37 -75.96 l 268.55 -81.06 l 280.73 -86.1 l 292.97 -97.5 l 305.15 -93.72 l 317.39 -100.02 l 329.57 -106.37 l 341.81 -103.86 l 354 -101.28 l S Q BT 0 0 0 0.651 k /T1_2 1 Tf 0 Tc 9 0 -0 9 117.2125 387.8193 Tm (0)Tj -1.52 5.629 Td (5000)Tj ET q 98.973 334.147 397.33 314.431 re W n BT 9 0 -0 9 98.9728 489.1393 Tm (10000)Tj 0 5.629 TD (15000)Tj 0 5.627 TD (20000)Tj 0 5.629 TD (25000)Tj ET Q BT 0.001 Tc -0.001 Tw -0 9 -9 -0 139.3122 360.9193 Tm (Jan-18)Tj 0 Tc 0 Tw -0.16 -1.356 Td (Feb-18)Tj -0.2 -1.358 Td (Mar-18)Tj 0.231 -1.356 Td (Apr-18)Tj -0.333 -1.358 Td (May-18)Tj 0.001 Tc -0.001 Tw 0.416 -1.355 Td (Jun-18)Tj 0 Tc 0 Tw 0.296 -1.356 Td (Jul-18)Tj -0.5 -1.358 Td (Aug-18)Tj 0.091 -1.356 Td (Sep-18)Tj 0.064 -1.358 Td (Oct-18)Tj -0.204 -1.356 Td (Nov-18)Tj 0.089 -1.356 Td (Dec-1)Tj (8)Tj 0.001 Tc -0.001 Tw 0.211 -1.358 Td (Jan-19)Tj 0 Tc 0 Tw -0.16 -1.356 Td (Feb-19)Tj -0.2 -1.358 Td (Mar-19)Tj 0.231 -1.356 Td (Apr-19)Tj -0.334 -1.356 Td (May-19)Tj 0.001 Tc -0.001 Tw 0.416 -1.358 Td (Jun-19)Tj 0 Tc 0 Tw 0.296 -1.356 Td (Jul-19)Tj -0.5 -1.358 Td (Aug-19)Tj 0.091 -1.356 Td (Sep-19)Tj 0.064 -1.358 Td (Oct-19)Tj -0.204 -1.356 Td (Nov-19)Tj 0.089 -1.356 Td (Dec-1)Tj (9)Tj 0.001 Tc -0.001 Tw 0.211 -1.358 Td (Jan-20)Tj 0 Tc 0 Tw -0.16 -1.356 Td (Feb-20)Tj -0.2 -1.358 Td (Mar-20)Tj 0.231 -1.356 Td (Apr-20)Tj -0.334 -1.356 Td (May-20)Tj ET q 98.973 334.147 397.33 314.431 re W n BT 0.001 Tc -0.001 Tw -0 9 -9 -0 493.3517 360.4993 Tm (Jun-20)Tj ET Q 0.732 0.463 0.102 0 K q 1 0 0 1 216.0228 343.8383 cm 0 0 m 19.2 0 l S Q 0.312 0.811 0.665 0.001 K q 1 0 0 1 305.0228 343.8383 cm 0 0 m 19.2 0 l S Q BT 0 0 0 1 k -0.002 Tc 7.02 0 -0 7.02 244.5128 344.8803 Tm (CIF price of)Tj 0 Tc 4.88 0 Td ( )Tj ET q 98.973 334.147 397.33 314.431 re W n BT -0.001 Tc 7.02 0 -0 7.02 244.5128 336.3003 Tm (lithium carbonat)Tj 0 Tc 6.568 0 Td (e)Tj ET Q BT -0.001 Tc 7.02 0 -0 7.02 333.6528 343.5193 Tm (CIF price of lithium hydroxid)Tj 0 Tc 11.855 0 Td (e)Tj /GS0 gs /T1_0 1 Tf 0.025 Tc 11 0 0 11 85.0394 304.1462 Tm (Source: Benchmark)Tj 0.042 Tc 0.07 Tw 13 0 0 13 85.0394 272.1463 Tm [(The)12.7 ( reduction)12.7 ( of)12.7 ( China\222s)12.7 ( government)12.7 ( subsidies)12.7 ( for)12.7 ( electric)12.7 ( vehicles)12.7 ( has)12.7 ( had)12.7 ( a)17 ( )]TJ 0.043 Tc T* [(substantial)12.3 ( impact)12.2 ( on)12.2 ( electric)12.3 ( vehicle)12.3 ( market,)12.2 ( especially)12.2 ( at)12.2 ( the)12.3 ( low-end)12.3 ( of)12.3 ( the)18 ( )]TJ 0.06 Tc T* [(electric)12.6 ( vehicle)12.7 ( market.)12.7 ( The)12.7 ( elimination)12.7 ( of)12.6 ( subsidies)12.6 ( for)12.7 ( low-range)12.7 ( electric)35 ( )]TJ 0.039 Tc T* [(vehicles)12.7 ( resulted)12.7 ( in)12.7 ( lower)12.7 ( demand)12.7 ( for)12.7 ( lithium)12.7 ( compounds)12.7 ( among)12.7 ( smaller)12.7 ( local)14 ( )]TJ 0.046 Tc T* [(electric)12.2 ( vehicles)12.2 ( manufacturers.)12.2 ( At)12.2 ( present,)12.2 ( as)12.2 ( the)12.2 ( impact)12.2 ( of)12.1 ( subsidy)12.2 ( cuts)12.2 ( has)21 ( )]TJ 0.04 Tc T* [(gradually)12.7 ( been)12.7 ( weakened)12.7 ( in)12.7 ( the)12.8 ( domestic)12.7 ( market,)12.7 ( the)12.7 ( industry)12.7 ( appears)12.7 ( to)12.7 ( have)15 ( )]TJ 0.035 Tc 0.073 Tw T* [(st)0.5 (ab)0.5 (ili)0.5 (ze)0.5 (d)10 ( )0.5 (an)0.5 (d)10 ( )0.5 (the)10 ( )0.6 (lit)0.5 (hiu)0.5 (m)10 ( )0.5 (co)0.5 (mpo)0.5 (und)10 ( )0.5 (m)0.5 (ar)0.5 (ket)10.1 ( )0.5 (has)10.1 ( )0.5 (gra)0.5 (du)0.5 (all)0.5 (y)10 ( )0.5 (re)0.5 (su)0.5 (me)0.5 (d)9.9 ( )0.6 (the)10 ( )0.5 (b)0.5 (al)0.5 (anc)0.5 (e)10 ( )]TJ 0.042 Tc 0.07 Tw T* [(between)12.2 ( supply)12.2 ( and)12.1 ( demand.)12.1 ( As)12.2 ( a)12.2 ( leading)12.1 ( enterprise)12.2 ( in)12.1 ( the)12.2 ( lithium)12.1 ( compound)17 ( )]TJ 0.025 Tc 0.066 Tw T* (deep-processing business, the Company, capitalizing on the opportunities\ arising )Tj 0.048 Tc 0.07 Tw 0 -1.231 TD [(from)12.4 ( industry)12.4 ( reshuffle,)12.4 ( continues)12.4 ( to)12.4 ( enhance)12.5 ( its)12.4 ( competitiveness)12.5 ( and)12.4 ( further)23 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (cement and improves its industrial position.)Tj ET endstream endobj 123 0 obj <> endobj 137 0 obj <>stream application/postscript User A2020-08-001 Ganfeng Lithium C61-82.eps 2020-08-10T19:03:37+08:00 Adobe Illustrator CC 2014 (Windows) 2020-08-10T19:03:37+08:00 2020-08-10T19:03:37+08:00 Microsoft庐 Word 2013 xmp.did:588f1063-d1d5-5346-a9c7-a59f8909d6e5 xmp.iid:588f1063-d1d5-5346-a9c7-a59f8909d6e5 proof:pdf uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 uuid:b2490512-5d42-411c-aaa9-8f446ba3fb11 uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 proof:pdf saved xmp.iid:588f1063-d1d5-5346-a9c7-a59f8909d6e5 2020-08-10T19:03:37+08:00 Adobe Illustrator CC 2014 (Windows) / 1 False False 210.015669 297.010661 Millimeters TimesNewRomanPSMT Times New Roman Regular Open Type Version 5.07 False times_4.ttf Cyan Magenta Yellow Black 闋愯ō鑹茬エ缇ょ祫 0 endstream endobj 122 0 obj <> endobj 138 0 obj <> endobj 139 0 obj <>stream H墑晎lS钳峻璭迗芩頔ㄝ磛廽*輮謶馠掟I$8巆莢l'鰨碡鬃/y鵰莢b莢^庴 惱II %&u敥摧&Lh揚u/7恙讦U殈灒巷{矽炦儀<^a删'韞礚(Ri(嘖K手傔a 籾CA頝vi玚鮇d#竺M灜<OH黿Oim冻⒑匑<頏B跀@P!A/駹顰+<鐶y须鬕暚嘕!鑘T螀8]P!剄9yG瀛匣籒鳖篚碗駏嗷偨偹 -瀞=侩+娍o荦B甩7%66珧熂x賹躟遼歘饠焥鼭/鑑緻Xq頰N 誗蘟勯>Rti緉IG壯泥dl霓鬏箛2<諢Ns礥蓃L趆nⅵ蚎)3/B)l
饩賡)綉7咵{戽諊汓"*w/[n(农:gzI摌X?K欵筝?潒灈笎偃~倄c.?鎣煶w蓥N簼苬Y汖RP{N恧qm砓鞌]{Nv怢GD衳A跱uQ]6椨溵s駋擼瞣寂 斮D沬撦N凓|=栞G米骘?x咒Bb凢蓍Q*9%3釹幔Xy礮*!$覗*埨鞭丏D揅ll亘LIe@R崠iV蠲+黜軕l$ 0_葦?}涉g滬昬蘕8Ｋ(擋 YǐE 鮮9.WH"L囌劻g疃u3[V毎4呹=茍oZ/b炄赭趱批"夃笷2鑂筌檌键鸀綦[楯x3攫!cA J迗%R黮鏆v[N檛d*:n狮腋.!櫨$A8镮$衠}篴l8<啎澮YkT酼啔餚莹d躺z塗')檢,a` ;耡4閸鱁駂還7崶S.JD礮m瞜蘘渏Q)沃?fk佥錰u锥((1V/$4&aJ_B嘳儊H&R边朷=蔓F漩b83G琝>?芕"猈+饳砋2炖qeY-裀誾=魀"-婆閶l闖O:裿D}\R!┄o肽篫獨s悁估 V-0`拨郂!4委⒆}摫$烄K盌l瓕^mH_]桪姫[5畂#)Ykc驊胎1慌B+ioZsh0"P斗
}@?味渤[Z岈1wY[轷4Mv.SH踇,n@鬼n觑廁掵>銋扯10}毯l绠e鳋訚圕o3`逞Nf硉簩D吉耞墪d菈銔礸藔荚pp鷉l魈A|缫j

槡&摋臃-g四D杍?."D磏瑕┕%#匠x哽@&碧E467c悘銔'{鱾l`毠e10/%澈L,各]/涉q閈湍垷劐>枍 8齽擒誘冩9訴3N毜"a=朎<悖]冐颳殠讕%辻 }M鮊1蒪eΘ矧By騎&澲⑶4麑~僕銝0le舅蠙蓗'錉儎字m恧A'债iX怀帧)\o乙JLM25l0t簫穲.8竾$2"f v趞勥姹t汙珐S讋F榝v訷詍&`j于Xv卝f"倈噠[p3狯=仺;咍G层湶,暳f阌B$鬠!J/(:畒f毝s/ [壎!*bq
m0cF摑240镼5l 憕z袂RD2M鶈乷竗受{&疫鸏$,d俜 7{儫;舣I禋[h抛4癛 嬜灅B賥銤.僗<=g‐(K!~ 澲譐7輊
巉9歿暙+獞汦Gm悒5!
闵軽3X讍h鸺覭D瑼涀辚C屁洫!4呃鴣輿鍳謯4抭8醯!.g葇A治项佔,綕}燹+薇}i拂沱o,}=8b懴>杴Z|縎\斵來()!悪邑Y>篯麐 黡 u v*6#&猲j>c 魦'37痖鲍盵仳l箝5;%躗; fv粫[kk[$碌u1VZ賈/&$dM%V4缚9乙譓襋m儂O+痂Iw漳秏瀉`@田敍>膙0暗凇K盿A5-4i6媘9Ml蓶,刷H$R?%婜壎l賻莢7K恻n秂踖)罚\(噠r歮圅拭凎}瀲消|g霹I圐M+@66$t沫腯⑽H*Vu枧r轅F[6 賃H跱秴~凤茇穂{.2迚N_~w蟓耷浹欷訂蓐尧K簨k8*凳淮j喬┮pN销*㏑W沨sk6%\Lj 揓e5鵅欽义Ld挽-呚K Rq&c倆萠濪&艆
(EGn貺誔,e05fW廥絁Vk蚏u軩珹5蛤d夈3a銒.旭9崏纈3卅I航"v玥8T荡筑 0С庫z伟Jh&[K癠搏M瞛9謯e鮷m08N~n飲w<憫
:Sf忚峧宺F)=厈 bn<|%V櫘袝佉韏+桉}穡泎xo=氜%w'劭Bf O哦赬鉭Vㄥ欪豬鴑紵魠娓Y陌E#F睍X-6裯脔z}v瓠 Ol26球%?8疹蚎C~AvZ葳j75\怏L)芀I46jT媏cH琘囁B'窪.菩┭蓉51F>
:3N巓擀餮辬筅档压];頨{9GT^蘞g珁]ゴb嗜訞簹輝b蠑唲 芖:蜃'焉ssNR＇~ 遯蝝{I飴借=訷訫梤M譤\?钓7蓵艜*jZ歜SM.TX7憒Xb6鋑﹄政嗙1鳗撥鬙兀椠忚馣豫耔 激棞亟M?B=g{冓佳顣o鉑蔩b4窰切'璵暹n鱽荾鞓]d蹥剰昞F 褆&G娵祏鴢帑灜
盇9咖踕6j
宩絟5瓪鴃T:[嫏S02+艎AU6(6 4红S榊*繢鎱老$/_剚爪 潚葦擯d$%1GQ讹:迲(w鑅凖荒裧(P 矞)<沌豅殽*倀"揌@旃e=~怇駓缥>n欥鮩豒Y嘾[彡L1Z/"w9+9./5hz氦胷列+VL扠嬮E翳柕喅h統窌uv夵鞨酶毸S匼>熕乗1W2`9[萳>撍郞櫮U
2馕\6'泄q螐?錾擟V槾耺f5># 鶶L玓(e"|f財B-│*蜷(b!嘪 築)篫J旳谌粗a_&:+甿`M袁U獨0D:_骔JMI$仾i蒷?鑼蠦^荗崲ZJ@玣Z釯zGuIe]Xd犃F鼠(BM裄 t8鷉_Ｈ噦. )WjZ誯篿R晩^k篮VSL"媧|谻檢<橌|檲鮦0S谬~轳贯K铵腬喲d2%*>﹦悏帻g傛囉&姼XU喤柿>庲鷲謈g孋藣B 伡敍呄;凪$经j&崋$`Z嚢樦C厥鲟熌褍7鷒Lx钁&鋯YQ搲/惐`a钏並/怺k盁$,л靂X0G费J[┿粜88K蘣宫啎RT昘:寫"xF緺藊芼)齙閩D仆樗Kn赢8没摆栭:U釈/蠦噃iIU0慖塐1H9詽^: 胊&嚭%nχ-R mj,] X駬,橑M& 漢匮D\,潓Q\挀yQ骑闽炎騾 . ??&HB臐昗咶渨F卤椧jok镯旌;h貿摢产N猊Rh復鶡=唂~痹D飌)yUh硏┴pGgN灻u脎?鼬樄侉袚沧?跋o^$限|49觏橆uj禹^k魼玤鰊'丙S煉鹘gV轋棫d艷踹鮘縣焲灁/!2 琵hb簊'D咁臒-S嬞x禦ㄛ幼h_凊L頡[曧籂褮邪氫灑ㄉ8$鲔@嶃栧缶亦犧窓 鮝w蒌P5MZLG`!<他+#*cN
蒑曹R煕饻崳L6咆-h唎:覒寗斓繜* 倥俪
Np皠 &m:蚠锒堭v墴櫞c穖撗&阁yp.踇匧帏儒\7p"稐驽耣D臇駪禵黭檎鼨氆踇埠%疯zv!∧垛Dr<婆蓀数羟//5
60,璨載胭G Uk媇艙綕矜近伸R獒/噖G/區蟖$P∵2 l1Ｉ;[\ 椾貓H*p\9僋摩E秿屒 M蟿"婬俲v)qY井pUQL暤攛T%K'>℡娔埉)破>{x圙幅[泗${{禦0rFu輓鄤s淢刚嬵豰薫d4瑰紳?戫,(#3焧桟;}6 x媨{厵齖鯳
DL endstream endobj 118 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 23 \226)Tj /T1_1 1 Tf 13 0 3.4833 13 55.3588 776.409 Tm [(2. )-1105.5 (Analysis of the lithium compound market)]TJ /T1_0 1 Tf 0.071 Tc 0.07 Tw 13 0 0 13 85.0394 744.409 Tm [(In)12.9 ( recent)12.9 ( years,)12.9 ( prices)12.9 ( of)12.9 ( major)12.9 ( lithium)12.9 ( compounds)12.9 ( have)12.9 ( been)12.9 ( fluctuating)46 ( )]TJ 0.034 Tc 0.074 Tw 0 -1.231 TD [(violently)9 ( )0.5 (in)9 ( )0.5 (China)9 ( )0.5 (market.)9 ( )0.5 (The)9 ( )0.5 (prices)9 ( )0.5 (for)9 ( )0.5 (major)9 ( )0.5 (lithium)9 ( )0.5 (compounds)9 ( )0.6 (have)9 ( )0.5 (fallen)8.9 ( )]TJ 0.027 Tc 0.081 Tw T* [(from)2 ( )0.5 (a)2 ( )0.5 (high)2 ( )0.5 (point)2 ( )0.5 (since)2 ( )0.5 (2)2 (0)2 (1)2 (8)2 ( )0.5 (as)2 ( )0.5 (a)2 ( )0.5 (result)2 ( )0.5 (of)2 ( )0.5 (the)2.1 ( proactive)2 ( )0.5 (capacity)2 ( )0.5 (expansions)2 ( )0.5 (of)2 ( )]TJ 0.024 Tc 0 Tw T* [(d)0.5 (om)0.5 (e)0.5 (st)0.5 (i)0.5 (c)0.5 ( a)0.5 (n)0.5 (d )0.5 (o)0.5 (ve)0.5 (r)0.5 (s)0.5 (ea)0.5 (s)0.5 ( )0.5 (li)0.5 (t)0.5 (hi)0.5 (u)0.5 (m )0.5 (sa)0.5 (l)0.5 (t)0.5 ( v)0.5 (e)0.5 (nd)0.5 (o)0.5 (r)0.5 (s )0.5 (a)0.5 (nd)0.5 ( )0.5 (we)0.5 (a)0.5 (k)0.5 (er)0.5 (-)0.5 (t)0.5 (ha)0.5 (n)0.5 (-e)0.5 (x)0.5 (p)0.5 (ec)0.5 (t)0.5 (e)0.5 (d )0.5 (d)0.5 (em)0.5 (a)0.5 (nd)0.5 ( )0.5 (du)0.5 (e)-1 ( )]TJ 0.025 Tc 0.05 Tw T* (to subsidy cuts in China. According to the data from the website of Asia\ n Metal, )Tj 0.026 Tc 0.082 Tw T* [(the)1 ( )0.5 (price)1.1 ( )0.5 (of)1.1 ( )0.5 (lithium)1 ( )0.5 (carbonate)1 ( )0.5 (has)1 ( )0.5 (been)1 ( )0.5 (declined)1 ( )0.5 (sharply)1 ( )0.5 (since)1 ( )0.5 (April)1 ( )0.5 (2)1 (0)1 (1)1 (8)1 ( )0.5 (in)1 ( )0.5 (the)1 ( )]TJ T* [(C)0.5 (h)0.6 (i)0.5 (n)0.5 (e)0.6 (s)0.5 (e)1 ( )0.6 (m)0.5 (a)0.5 (r)0.6 (k)0.5 (e)0.5 (t)0.6 (;)1 ( )0.5 (d)0.5 (u)0.6 (r)0.5 (i)0.5 (n)0.6 (g)1 ( )0.5 (t)0.5 (h)0.5 (e)1 ( )0.6 (R)0.5 (e)0.5 (p)0.6 (o)0.5 (r)0.5 (t)0.6 (i)0.5 (n)0.6 (g)0.9 ( )0.6 (P)0.5 (e)0.5 (r)0.6 (i)0.5 (o)0.5 (d)0.6 (,)1 ( )0.5 (p)0.5 (r)0.5 (i)0.6 (c)0.5 (e)1 ( )0.5 (o)0.6 (f)1 ( )0.5 (m)0.5 (a)0.6 (j)0.5 (o)0.5 (r)1 ( )0.6 (l)0.5 (i)0.5 (t)0.5 (h)0.6 (i)0.5 (u)0.5 (m)1 ( )0.5 (c)0.6 (o)0.5 (m)0.6 (p)0.5 (o)0.5 (u)0.6 (n)0.5 (d)0.5 (s)1 ( )]TJ 0.038 Tc 0.07 Tw 0 -1.231 TD [(continued)12.4 ( to)12.4 ( trend)12.4 ( down)12.4 ( in)12.4 ( the)12.4 ( Chinese)12.3 ( market,)12.4 ( and)12.4 ( price)12.4 ( of)12.4 ( lithium)12.4 ( carbonate)13 ( )]TJ 0.031 Tc 0.077 Tw 0 -1.231 TD [(and)6 ( )0.5 (lithium)6 ( )0.5 (hydroxide)6.1 ( )0.5 (has)6 ( )0.5 (experienced)6 ( )0.5 (a)6 ( )0.6 (gradual)6 ( )0.5 (decline)6 ( )0.5 (since)6 ( )0.5 (the)6 ( )0.5 (beginning)6 ( )0.5 (of)6.1 ( )]TJ 0.025 Tc 0 Tw T* (2020. Specific movements are shown in the following table:)Tj /T1_1 1 Tf -2.053 -2.462 Td (Spot prices of lithium carbonate and lithium hydroxide in China \(Unit: \ RMB/ton\))Tj ET /PlacedGraphic /MC0 BDC EMC q 98.398 335.317 398.48 217.353 re W n 0 0 0 0.149 K 0.75 w 1 j /GS1 gs q 1 0 0 1 134.0878 411.0904 cm 0 0 m 362.09 0 l 0 17.1 m 362.09 17.1 l 0 34.2 m 362.09 34.2 l 0 51.299 m 362.09 51.299 l 0 68.34 m 362.09 68.34 l 0 85.439 m 362.09 85.439 l 0 102.54 m 362.09 102.54 l 0 119.639 m 362.09 119.639 l 0 136.7 m 362.09 136.7 l 0 -17.07 m 362.09 -17.07 l 0 -17.07 m 0 -19.93 l 12.33 -17.07 m 12.33 -19.93 l 23.43 -17.07 m 23.43 -19.93 l 35.73 -17.07 m 35.73 -19.93 l 47.67 -17.07 m 47.67 -19.93 l 59.97 -17.07 m 59.97 -19.93 l 71.85 -17.07 m 71.85 -19.93 l 84.15 -17.07 m 84.15 -19.93 l 96.45 -17.07 m 96.45 -19.93 l 108.39 -17.07 m 108.39 -19.93 l 120.69 -17.07 m 120.69 -19.93 l 132.63 -17.07 m 132.63 -19.93 l 144.93 -17.07 m 144.93 -19.93 l 157.23 -17.07 m 157.23 -19.93 l 168.33 -17.07 m 168.33 -19.93 l 180.63 -17.07 m 180.63 -19.93 l 192.57 -17.07 m 192.57 -19.93 l 204.87 -17.07 m 204.87 -19.93 l 216.75 -17.07 m 216.75 -19.93 l 229.11 -17.07 m 229.11 -19.93 l 241.41 -17.07 m 241.41 -19.93 l 253.29 -17.07 m 253.29 -19.93 l 265.59 -17.07 m 265.59 -19.93 l 277.53 -17.07 m 277.53 -19.93 l 289.83 -17.07 m 289.83 -19.93 l 302.13 -17.07 m 302.13 -19.93 l 313.65 -17.07 m 313.65 -19.93 l 325.95 -17.07 m 325.95 -19.93 l 337.89 -17.07 m 337.89 -19.93 l 350.19 -17.07 m 350.19 -19.93 l 362.09 -17.07 m 362.09 -19.93 l S Q Q q 134.058 393.27 362.82 154.56 re W n 0.732 0.463 0.102 0 K 2.25 w 1 j 1 J /GS1 gs q 1 0 0 1 134.6777 535.83 cm 0 0 m 0.4 0 l 0.82 0 l 1.18 -1.68 l 2.38 -1.68 l 2.8 -3.84 l 3.16 -3.84 l 3.58 -3.84 l 4 -3.84 l 5.14 -6.42 l 5.56 -6.42 l 5.98 -6.42 l 6.34 -6.42 l 6.76 -8.1 l 7.96 -8.1 l 8.32 -8.1 l 8.74 -9.84 l 9.16 -9.84 l 9.52 -9.84 l 10.72 -9.84 l 11.14 -9.84 l 11.5 -9.84 l 11.92 -9.84 l 12.34 -9.84 l 13.48 -9.84 l 13.9 -9.84 l 14.32 -9.84 l 14.68 -9.84 l 15.1 -9.84 l 20.26 -9.84 l 20.68 -9.84 l 21.04 -9.84 l 21.82 -9.84 l 22.24 -9.84 l 22.66 -9.84 l 23.02 -9.84 l 23.44 -9.84 l 24.64 -9.84 l 25 -9.84 l 25.42 -9.84 l 25.84 -9.84 l 26.2 -9.84 l 27.4 -9.84 l 27.82 -9.84 l 28.18 -9.84 l 28.6 -9.84 l 28.96 -9.84 l 30.16 -9.84 l 30.58 -9.84 l 31 -9.84 l 31.36 -9.84 l 31.78 -9.84 l 32.98 -9.84 l 33.34 -9.84 l 33.76 -9.84 l 34.12 -9.84 l 34.54 -9.84 l 35.74 -9.84 l 36.16 -10.68 l 36.52 -10.68 l 38.14 -10.68 l 38.5 -10.68 l 38.92 -10.68 l 39.34 -10.68 l 39.7 -12.36 l 40.12 -14.1 l 41.32 -16.68 l 41.68 -16.68 l 42.1 -16.68 l 42.46 -16.68 l 42.88 -16.68 l 44.08 -16.68 l 44.5 -17.52 l 44.86 -17.52 l 45.28 -19.2 l 45.64 -19.2 l 46.06 -19.2 l 47.62 -20.52 l 48.04 -21.36 l 48.46 -21.36 l 49.66 -21.36 l 50.02 -21.36 l 50.44 -21.36 l 50.8 -21.36 l 51.22 -21.36 l 52.42 -21.36 l 52.78 -21.36 l 53.2 -21.36 l 53.62 -21.36 l 53.98 -21.36 l 55.18 -21.36 l 55.6 -21.36 l 55.96 -21.36 l 56.38 -21.36 l 56.8 -21.36 l 58 -23.04 l 58.36 -25.62 l 58.78 -28.2 l 59.14 -28.2 l 59.56 -28.2 l 60.76 -28.2 l 61.12 -30.78 l 61.54 -33.3 l 61.96 -33.3 l 62.32 -33.3 l 63.52 -33.3 l 63.94 -33.3 l 64.3 -33.3 l 64.72 -33.3 l 65.14 -35.04 l 66.7 -35.04 l 67.12 -35.04 l 67.48 -35.04 l 67.9 -35.04 l 69.1 -35.04 l 69.46 -35.04 l 69.88 -36.72 l 70.3 -36.72 l 70.66 -36.72 l 71.86 -36.72 l 72.28 -38.46 l 72.64 -40.14 l 73.06 -40.14 l 73.48 -40.14 l 74.62 -40.14 l 75.04 -41.88 l 75.46 -41.88 l 75.82 -41.88 l 76.24 -41.88 l 77.44 -41.88 l 77.8 -41.88 l 78.22 -41.88 l 78.64 -41.88 l 79 -41.88 l 80.2 -44.4 l 80.62 -46.98 l 80.98 -49.56 l 81.4 -51.24 l 81.82 -51.24 l 82.96 -53.82 l 83.38 -53.82 l 83.8 -55.5 l 84.16 -56.4 l 84.58 -58.08 l 85.78 -58.92 l 86.14 -58.92 l 86.56 -58.92 l 86.98 -58.92 l 87.34 -58.92 l 88.54 -59.82 l 88.96 -60.66 l 89.32 -61.5 l 89.74 -61.5 l 90.16 -62.34 l 91.3 -62.34 l 91.72 -62.34 l 92.14 -64.08 l 92.5 -65.76 l 92.92 -66.66 l 94.12 -68.34 l 94.48 -70.02 l 94.9 -70.02 l 95.32 -70.02 l 95.68 -70.02 l 96.88 -70.02 l 97.3 -70.02 l 97.66 -70.02 l 98.08 -70.02 l 98.44 -70.02 l 99.64 -70.02 l 100.06 -70.02 l 100.48 -70.02 l 100.84 -70.02 l 101.26 -70.02 l 102.46 -70.92 l 102.82 -71.76 l 103.24 -71.76 l 103.6 -73.02 l 104.02 -73.02 l 105.64 -73.02 l 106 -73.02 l 106.42 -73.02 l 106.78 -73.02 l 107.2 -73.02 l 110.8 -73.02 l 111.16 -74.34 l 111.58 -75.18 l 111.94 -75.18 l 112.36 -75.18 l 113.56 -75.18 l 113.98 -75.18 l 114.34 -75.18 l 114.76 -75.18 l 115.12 -75.18 l 116.32 -75.18 l 116.74 -75.18 l 117.1 -75.18 l 117.52 -75.18 l 117.94 -75.18 l 119.14 -75.18 l 119.5 -75.18 l 119.92 -75.18 l 120.28 -73.44 l 120.7 -73.44 l 121.9 -73.44 l 122.26 -73.44 l 122.68 -73.44 l 123.1 -73.44 l 123.46 -73.44 l 124.66 -73.44 l 125.08 -73.44 l 125.44 -73.44 l 125.86 -73.44 l 126.28 -73.44 l 127.48 -73.44 l 127.84 -73.44 l 128.26 -73.44 l 128.62 -73.44 l 129.04 -73.44 l 130.24 -73.44 l 130.6 -73.44 l 131.02 -73.44 l 131.44 -73.44 l 131.8 -73.44 l 133 -73.44 l 133.42 -73.44 l 133.78 -73.44 l 134.2 -73.44 l 134.62 -73.44 l 135.76 -73.44 l 136.18 -73.44 l 136.6 -73.44 l 136.96 -73.44 l 137.38 -73.44 l 138.58 -73.44 l 138.94 -73.44 l 139.36 -73.92 l 139.78 -73.92 l 140.14 -73.92 l 141.34 -73.92 l 141.76 -73.92 l 142.12 -73.92 l 142.54 -73.92 l 142.96 -73.92 l 143.32 -73.92 l 144.94 -73.92 l 145.3 -73.92 l 145.72 -73.92 l 146.92 -73.92 l 147.28 -74.34 l 147.7 -74.34 l 148.12 -74.34 l 148.48 -74.76 l 149.68 -74.76 l 150.1 -75.6 l 150.46 -75.6 l 150.88 -75.6 l 151.3 -75.6 l 152.44 -75.6 l 152.86 -75.6 l 153.28 -75.6 l 153.64 -75.6 l 154.06 -75.6 l 155.26 -75.6 l 155.62 -75.6 l 156.04 -75.6 l 156.46 -75.6 l 156.82 -75.6 l 160.78 -75.6 l 161.2 -75.6 l 161.62 -75.6 l 161.98 -75.6 l 162.4 -75.6 l 163.6 -75.6 l 163.96 -74.76 l 164.38 -74.76 l 164.8 -74.76 l 165.16 -74.76 l 166.36 -74.76 l 166.78 -74.76 l 167.14 -74.76 l 167.56 -74.76 l 167.92 -75.6 l 169.12 -75.6 l 169.54 -75.6 l 169.96 -75.6 l 170.32 -75.6 l 170.74 -77.34 l 171.94 -77.34 l 172.3 -77.34 l 172.72 -77.34 l 173.08 -77.34 l 173.5 -77.34 l 174.7 -77.34 l 175.12 -77.34 l 175.48 -77.34 l 175.9 -77.34 l 176.26 -77.34 l 177.46 -77.34 l 177.88 -77.34 l 178.3 -76.44 l 178.66 -76.44 l 179.08 -76.44 l 180.28 -76.44 l 180.64 -76.44 l 181.06 -76.44 l 181.42 -76.44 l 183.04 -76.44 l 183.46 -76.44 l 183.82 -76.86 l 184.24 -76.86 l 184.6 -76.86 l 185.8 -76.86 l 186.22 -76.86 l 186.58 -76.86 l 187 -76.86 l 187.42 -76.86 l 188.62 -76.86 l 188.98 -76.44 l 189.4 -76.44 l 189.76 -76.44 l 190.18 -76.44 l 190.96 -76.44 l 191.38 -76.44 l 191.74 -76.44 l 194.14 -76.44 l 194.56 -76.44 l 194.92 -76.44 l 195.34 -76.44 l 195.76 -76.44 l 196.96 -76.44 l 197.32 -76.44 l 197.74 -76.44 l 198.1 -76.44 l 198.52 -76.44 l 199.72 -76.44 l 200.08 -76.44 l 200.5 -76.44 l 200.92 -76.44 l 201.28 -76.44 l 202.48 -76.02 l 202.9 -76.02 l 203.26 -76.02 l 203.68 -76.02 l 204.1 -76.02 l 205.24 -76.02 l 205.66 -76.02 l 206.08 -76.02 l 206.44 -76.02 l 208.06 -76.02 l 208.42 -76.02 l 208.84 -76.02 l 209.26 -76.86 l 209.62 -77.34 l 210.82 -77.34 l 211.24 -77.34 l 211.6 -77.76 l 212.02 -77.76 l 212.44 -77.76 l 213.58 -78.18 l 214 -78.18 l 214.42 -78.18 l 214.78 -79.02 l 215.2 -79.02 l 216.4 -79.86 l 216.76 -79.86 l 217.18 -79.86 l 217.6 -79.86 l 217.96 -79.86 l 219.16 -80.28 l 219.58 -80.7 l 219.94 -80.7 l 220.36 -81.6 l 220.78 -81.6 l 221.92 -81.6 l 222.34 -81.6 l 222.76 -81.6 l 223.12 -81.6 l 223.54 -82.02 l 224.74 -82.02 l 225.1 -83.28 l 225.52 -83.28 l 225.94 -83.28 l 226.3 -84.12 l 227.5 -84.6 l 227.92 -84.6 l 228.28 -84.6 l 228.7 -84.6 l 229.12 -85.02 l 230.26 -85.44 l 230.68 -85.44 l 231.1 -85.86 l 231.46 -85.86 l 231.88 -85.86 l 233.08 -85.86 l 233.44 -86.28 l 233.86 -86.28 l 234.28 -86.7 l 234.64 -87.12 l 235.84 -87.54 l 236.26 -87.54 l 236.62 -87.54 l 237.04 -88.02 l 237.4 -88.44 l 238.6 -88.44 l 239.02 -88.44 l 239.44 -88.44 l 239.8 -89.28 l 240.22 -89.28 l 241.42 -89.28 l 241.78 -89.28 l 242.2 -89.28 l 242.56 -89.28 l 242.98 -89.28 l 244.18 -89.28 l 244.6 -89.28 l 244.96 -89.28 l 245.38 -89.28 l 246.94 -89.28 l 247.36 -90.54 l 247.78 -90.54 l 248.14 -90.96 l 248.56 -90.96 l 249.76 -90.96 l 250.12 -91.38 l 250.54 -91.38 l 250.9 -91.38 l 251.32 -91.38 l 255.7 -91.38 l 256.06 -91.38 l 256.48 -91.38 l 256.9 -91.38 l 257.26 -91.38 l 258.1 -91.38 l 258.46 -91.38 l 258.88 -91.38 l 259.24 -91.38 l 259.66 -91.38 l 260.86 -91.38 l 261.28 -91.86 l 261.64 -91.86 l 262.06 -91.86 l 262.42 -91.86 l 263.62 -91.86 l 264.04 -91.86 l 264.4 -91.86 l 264.82 -91.86 l 265.24 -91.86 l 266.44 -92.28 l 266.8 -92.28 l 267.22 -92.28 l 267.58 -92.28 l 268 -92.28 l 269.2 -92.28 l 269.56 -92.28 l 269.98 -92.7 l 270.4 -92.7 l 270.76 -93.54 l 271.96 -93.54 l 272.38 -93.54 l 272.74 -93.54 l 273.16 -93.96 l 273.58 -93.96 l 274.72 -95.28 l 275.14 -95.28 l 275.56 -95.28 l 275.92 -95.28 l 276.34 -95.7 l 277.54 -96.12 l 277.9 -96.96 l 278.32 -96.96 l 278.74 -96.96 l 279.1 -96.96 l 280.3 -97.38 l 280.72 -97.38 l 281.08 -97.38 l 281.5 -97.38 l 281.92 -98.22 l 283.06 -98.22 l 283.48 -98.22 l 283.9 -98.22 l 284.26 -98.22 l 284.68 -98.22 l 285.88 -98.22 l 286.24 -98.22 l 286.66 -98.64 l 287.08 -98.64 l 287.44 -99.54 l 288.64 -99.54 l 289.06 -99.54 l 289.84 -99.54 l 290.26 -99.54 l 291.4 -99.54 l 291.82 -99.54 l 292.24 -99.54 l 292.6 -99.54 l 293.02 -99.96 l 294.22 -99.96 l 294.58 -99.96 l 295 -99.96 l 295.42 -99.96 l 295.78 -99.96 l 296.56 -99.96 l 296.98 -99.96 l 297.4 -99.96 l 302.56 -99.96 l 302.92 -99.96 l 303.34 -99.96 l 303.76 -99.96 l 304.12 -99.96 l 305.32 -99.96 l 305.74 -99.96 l 306.1 -99.96 l 306.52 -99.96 l 306.88 -99.96 l 308.08 -99.96 l 308.5 -99.96 l 308.92 -99.96 l 309.28 -99.96 l 309.7 -99.96 l 310.9 -99.96 l 311.26 -99.96 l 311.68 -99.96 l 312.04 -99.96 l 312.46 -99.96 l 313.66 -99.96 l 314.08 -99.96 l 314.44 -99.96 l 314.86 -99.96 l 315.22 -99.96 l 316.42 -99.96 l 316.84 -99.96 l 317.26 -99.96 l 317.62 -99.96 l 318.04 -99.96 l 319.24 -99.96 l 319.6 -99.96 l 320.02 -99.96 l 320.38 -100.38 l 320.8 -100.38 l 322 -100.38 l 322.42 -100.8 l 322.78 -101.22 l 323.2 -101.22 l 323.56 -101.22 l 324.76 -101.22 l 325.18 -102.06 l 325.54 -102.06 l 325.96 -102.06 l 326.38 -102.06 l 327.94 -102.06 l 328.36 -102.06 l 328.72 -102.06 l 329.14 -102.06 l 330.34 -102.06 l 330.76 -102.06 l 331.12 -102.54 l 331.54 -102.96 l 331.9 -102.96 l 333.1 -102.96 l 333.52 -102.96 l 333.88 -102.96 l 334.3 -102.96 l 334.72 -102.96 l 335.5 -102.96 l 335.92 -102.96 l 336.28 -103.38 l 336.7 -103.38 l 337.06 -103.38 l 339.46 -103.38 l 339.88 -103.38 l 340.24 -103.38 l 340.66 -103.8 l 341.44 -103.8 l 341.86 -104.22 l 342.22 -104.64 l 342.64 -104.64 l 343.06 -104.64 l 344.2 -104.64 l 344.62 -104.64 l 345.04 -105.48 l 345.4 -105.48 l 345.82 -105.48 l 347.02 -105.48 l 347.38 -105.48 l 347.8 -105.48 l 348.22 -105.48 l 348.58 -105.48 l 349.78 -105.48 l 350.2 -105.96 l 350.56 -105.96 l 350.98 -105.96 l 351.4 -105.96 l 352.54 -105.96 l 352.96 -105.96 l 353.38 -106.38 l 353.74 -106.38 l 354.16 -106.38 l 355.36 -106.38 l 355.72 -106.38 l 356.14 -106.38 l 356.56 -106.38 l 356.92 -106.38 l 358.12 -106.8 l 358.54 -106.8 l 358.9 -107.21 l 360.52 -107.21 l 360.88 -107.21 l 361.3 -107.21 l S Q 0.312 0.811 0.665 0.001 K q 1 0 0 1 134.6777 525.1499 cm 0 0 m 0.4 0 l 0.82 0 l 1.18 0 l 2.38 0 l 2.8 0 l 3.16 0 l 3.58 0 l 4 0 l 5.14 0 l 5.56 0 l 5.98 0 l 6.34 0 l 6.76 -1.68 l 7.96 -3.42 l 8.32 -3.42 l 8.74 -3.42 l 9.16 -3.42 l 9.52 -3.42 l 10.72 -3.42 l 11.14 -3.42 l 11.5 -3.42 l 11.92 -3.42 l 12.34 -3.42 l 13.48 -3.42 l 13.9 -3.42 l 14.32 -3.42 l 14.68 -3.42 l 15.1 -3.42 l 20.26 -3.42 l 20.68 -3.42 l 21.04 -3.42 l 21.82 -3.42 l 22.24 -3.42 l 22.66 -3.42 l 23.02 -3.42 l 23.44 -3.42 l 24.64 -3.42 l 25 -3.42 l 25.42 -3.42 l 25.84 -3.42 l 26.2 -3.42 l 27.4 -3.42 l 27.82 -3.42 l 28.18 -3.42 l 28.6 -3.42 l 28.96 -3.42 l 30.16 -3.42 l 30.58 -3.42 l 31 -3.42 l 31.36 -3.42 l 31.78 -3.42 l 32.98 -3.42 l 33.34 0.86 l 33.76 0.86 l 34.12 0.86 l 34.54 0.86 l 35.74 0.86 l 36.16 0.86 l 36.52 0.86 l 38.14 0.86 l 38.5 0.86 l 38.92 0.86 l 39.34 0.86 l 39.7 0.86 l 40.12 0.86 l 41.32 0.86 l 41.68 0.86 l 42.1 0.86 l 42.46 0.86 l 42.88 0.86 l 44.08 0.86 l 44.5 0.86 l 44.86 0.86 l 45.28 0.86 l 45.64 0.86 l 46.06 0.86 l 47.62 0.86 l 48.04 0.86 l 48.46 0.86 l 49.66 0.86 l 50.02 -1.68 l 50.44 -3.42 l 50.8 -4.26 l 51.22 -4.26 l 52.42 -4.26 l 52.78 -4.26 l 53.2 -4.26 l 53.62 -4.26 l 53.98 -4.26 l 55.18 -4.26 l 55.6 -4.26 l 55.96 -4.26 l 56.38 -4.26 l 56.8 -4.26 l 58 -4.26 l 58.36 -4.26 l 58.78 -4.26 l 59.14 -4.26 l 59.56 -4.26 l 60.76 -4.26 l 61.12 -4.26 l 61.54 -4.26 l 61.96 -4.26 l 62.32 -4.26 l 63.52 -4.26 l 63.94 -4.26 l 64.3 -4.26 l 64.72 -4.26 l 65.14 -6.84 l 66.7 -9.42 l 67.12 -9.42 l 67.48 -9.42 l 67.9 -9.42 l 69.1 -9.42 l 69.46 -9.42 l 69.88 -9.42 l 70.3 -9.42 l 70.66 -9.42 l 71.86 -9.42 l 72.28 -9.42 l 72.64 -11.1 l 73.06 -11.1 l 73.48 -11.1 l 74.62 -11.1 l 75.04 -11.1 l 75.46 -11.1 l 75.82 -11.1 l 76.24 -11.1 l 77.44 -11.1 l 77.8 -11.1 l 78.22 -11.1 l 78.64 -11.1 l 79 -11.1 l 80.2 -11.1 l 80.62 -11.94 l 80.98 -13.68 l 81.4 -16.2 l 81.82 -16.2 l 82.96 -18.78 l 83.38 -18.78 l 83.8 -21.36 l 84.16 -22.2 l 84.58 -23.04 l 85.78 -23.04 l 86.14 -23.04 l 86.56 -23.04 l 86.98 -23.04 l 87.34 -23.04 l 88.54 -24.78 l 88.96 -24.78 l 89.32 -24.78 l 89.74 -24.78 l 90.16 -24.78 l 91.3 -24.78 l 91.72 -24.78 l 92.14 -24.78 l 92.5 -24.78 l 92.92 -24.78 l 94.12 -24.78 l 94.48 -24.78 l 94.9 -24.78 l 95.32 -24.78 l 95.68 -24.78 l 96.88 -24.78 l 97.3 -24.78 l 97.66 -24.78 l 98.08 -24.78 l 98.44 -24.78 l 99.64 -24.78 l 100.06 -24.78 l 100.48 -24.78 l 100.84 -24.78 l 101.26 -24.78 l 102.46 -24.78 l 102.82 -24.78 l 103.24 -24.78 l 103.6 -24.78 l 104.02 -24.78 l 105.64 -24.78 l 106 -24.78 l 106.42 -24.78 l 106.78 -24.78 l 107.2 -24.78 l 110.8 -24.78 l 111.16 -24.78 l 111.58 -24.78 l 111.94 -25.62 l 112.36 -25.62 l 113.56 -25.62 l 113.98 -25.62 l 114.34 -25.62 l 114.76 -25.62 l 115.12 -25.62 l 116.32 -25.62 l 116.74 -25.62 l 117.1 -25.62 l 117.52 -25.62 l 117.94 -25.62 l 119.14 -25.62 l 119.5 -25.62 l 119.92 -25.62 l 120.28 -25.62 l 120.7 -25.62 l 121.9 -25.62 l 122.26 -25.62 l 122.68 -25.62 l 123.1 -27.36 l 123.46 -27.36 l 124.66 -28.2 l 125.08 -28.2 l 125.44 -28.2 l 125.86 -28.2 l 126.28 -28.2 l 127.48 -29.04 l 127.84 -29.04 l 128.26 -29.88 l 128.62 -29.88 l 129.04 -30.78 l 130.24 -30.78 l 130.6 -30.78 l 131.02 -30.78 l 131.44 -32.46 l 131.8 -32.46 l 133 -32.46 l 133.42 -35.04 l 133.78 -36.72 l 134.2 -36.72 l 134.62 -36.72 l 135.76 -39.3 l 136.18 -39.3 l 136.6 -39.3 l 136.96 -39.3 l 137.38 -39.3 l 138.58 -39.3 l 138.94 -39.3 l 139.36 -39.3 l 139.78 -39.3 l 140.14 -39.3 l 141.34 -40.14 l 141.76 -40.14 l 142.12 -40.14 l 142.54 -40.14 l 142.96 -41.88 l 143.32 -41.88 l 144.94 -41.88 l 145.3 -41.88 l 145.72 -41.88 l 146.92 -41.88 l 147.28 -41.88 l 147.7 -41.88 l 148.12 -41.88 l 148.48 -41.88 l 149.68 -41.88 l 150.1 -41.88 l 150.46 -41.88 l 150.88 -41.88 l 151.3 -41.88 l 152.44 -41.88 l 152.86 -41.88 l 153.28 -41.88 l 153.64 -41.88 l 154.06 -41.88 l 155.26 -41.88 l 155.62 -41.88 l 156.04 -41.88 l 156.46 -41.88 l 156.82 -41.88 l 160.78 -41.88 l 161.2 -41.88 l 161.62 -41.88 l 161.98 -41.88 l 162.4 -41.88 l 163.6 -41.88 l 163.96 -43.56 l 164.38 -43.56 l 164.8 -43.56 l 165.16 -43.56 l 166.36 -45.3 l 166.78 -46.14 l 167.14 -46.14 l 167.56 -46.98 l 167.92 -47.82 l 169.12 -47.82 l 169.54 -49.56 l 169.96 -49.56 l 170.32 -49.56 l 170.74 -49.56 l 171.94 -49.56 l 172.3 -49.56 l 172.72 -49.56 l 173.08 -49.56 l 173.5 -49.56 l 174.7 -49.56 l 175.12 -49.56 l 175.48 -49.56 l 175.9 -49.56 l 176.26 -49.56 l 177.46 -49.56 l 177.88 -49.56 l 178.3 -49.56 l 178.66 -49.56 l 179.08 -49.56 l 180.28 -49.56 l 180.64 -49.56 l 181.06 -49.56 l 181.42 -49.56 l 183.04 -49.14 l 183.46 -49.14 l 183.82 -49.98 l 184.24 -50.82 l 184.6 -50.82 l 185.8 -50.82 l 186.22 -50.82 l 186.58 -50.82 l 187 -50.82 l 187.42 -50.82 l 188.62 -50.82 l 188.98 -50.82 l 189.4 -50.82 l 189.76 -50.82 l 190.18 -50.82 l 190.96 -50.82 l 191.38 -50.82 l 191.74 -50.82 l 194.14 -50.82 l 194.56 -50.82 l 194.92 -50.82 l 195.34 -52.56 l 195.76 -52.56 l 196.96 -52.56 l 197.32 -52.56 l 197.74 -54.24 l 198.1 -54.24 l 198.52 -54.24 l 199.72 -54.24 l 200.08 -54.24 l 200.5 -54.24 l 200.92 -54.24 l 201.28 -54.24 l 202.48 -54.24 l 202.9 -54.24 l 203.26 -54.24 l 203.68 -54.24 l 204.1 -54.66 l 205.24 -55.08 l 205.66 -55.5 l 206.08 -55.5 l 206.44 -55.5 l 208.06 -55.5 l 208.42 -55.5 l 208.84 -55.98 l 209.26 -55.98 l 209.62 -57.24 l 210.82 -57.66 l 211.24 -57.66 l 211.6 -58.5 l 212.02 -58.5 l 212.44 -58.5 l 213.58 -58.5 l 214 -58.5 l 214.42 -58.5 l 214.78 -58.92 l 215.2 -58.92 l 216.4 -59.82 l 216.76 -59.82 l 217.18 -59.82 l 217.6 -59.82 l 217.96 -60.66 l 219.16 -61.08 l 219.58 -61.08 l 219.94 -61.08 l 220.36 -61.08 l 220.78 -62.34 l 221.92 -62.76 l 222.34 -62.76 l 222.76 -63.24 l 223.12 -63.24 l 223.54 -63.66 l 224.74 -63.66 l 225.1 -64.5 l 225.52 -64.5 l 225.94 -64.5 l 226.3 -65.34 l 227.5 -65.76 l 227.92 -65.76 l 228.28 -65.76 l 228.7 -65.76 l 229.12 -66.18 l 230.26 -66.18 l 230.68 -66.18 l 231.1 -67.5 l 231.46 -67.92 l 231.88 -67.92 l 233.08 -68.76 l 233.44 -68.76 l 233.86 -68.76 l 234.28 -68.76 l 234.64 -69.18 l 235.84 -69.6 l 236.26 -69.6 l 236.62 -69.6 l 237.04 -69.6 l 237.4 -69.6 l 238.6 -69.6 l 239.02 -69.6 l 239.44 -69.6 l 239.8 -70.5 l 240.22 -70.5 l 241.42 -70.5 l 241.78 -71.34 l 242.2 -71.76 l 242.56 -73.019 l 242.98 -73.019 l 244.18 -73.019 l 244.6 -73.019 l 244.96 -73.019 l 245.38 -73.019 l 246.94 -73.019 l 247.36 -73.019 l 247.78 -73.019 l 248.14 -73.019 l 248.56 -73.439 l 249.76 -73.919 l 250.12 -73.919 l 250.54 -73.919 l 250.9 -73.919 l 251.32 -73.919 l 255.7 -73.919 l 256.06 -75.179 l 256.48 -75.179 l 256.9 -75.599 l 257.26 -76.019 l 258.1 -76.019 l 258.46 -76.019 l 258.88 -77.339 l 259.24 -77.339 l 259.66 -77.339 l 260.86 -77.339 l 261.28 -77.339 l 261.64 -77.339 l 262.06 -77.339 l 262.42 -77.339 l 263.62 -77.339 l 264.04 -77.759 l 264.4 -77.759 l 264.82 -77.759 l 265.24 -77.759 l 266.44 -77.759 l 266.8 -77.759 l 267.22 -77.759 l 267.58 -78.179 l 268 -78.179 l 269.2 -78.599 l 269.56 -79.019 l 269.98 -79.439 l 270.4 -79.439 l 270.76 -79.859 l 271.96 -79.859 l 272.38 -79.859 l 272.74 -80.699 l 273.16 -80.699 l 273.58 -80.699 l 274.72 -81.599 l 275.14 -82.019 l 275.56 -82.019 l 275.92 -82.019 l 276.34 -82.439 l 277.54 -82.439 l 277.9 -82.439 l 278.32 -83.699 l 278.74 -84.119 l 279.1 -84.119 l 280.3 -84.119 l 280.72 -84.119 l 281.08 -84.119 l 281.5 -84.119 l 281.92 -84.119 l 283.06 -84.119 l 283.48 -84.599 l 283.9 -84.599 l 284.26 -85.019 l 284.68 -85.019 l 285.88 -85.019 l 286.24 -85.019 l 286.66 -85.019 l 287.08 -85.019 l 287.44 -85.019 l 288.64 -85.019 l 289.06 -85.019 l 289.84 -85.019 l 290.26 -85.019 l 291.4 -85.019 l 291.82 -85.019 l 292.24 -85.019 l 292.6 -85.019 l 293.02 -85.019 l 294.22 -85.019 l 294.58 -85.019 l 295 -85.019 l 295.42 -85.019 l 295.78 -85.019 l 296.56 -85.019 l 296.98 -85.019 l 297.4 -85.019 l 302.56 -85.019 l 302.92 -85.019 l 303.34 -85.019 l 303.76 -85.019 l 304.12 -85.019 l 305.32 -85.019 l 305.74 -85.019 l 306.1 -85.019 l 306.52 -85.019 l 306.88 -84.599 l 308.08 -84.599 l 308.5 -84.599 l 308.92 -84.599 l 309.28 -84.599 l 309.7 -84.599 l 310.9 -84.599 l 311.26 -84.599 l 311.68 -84.599 l 312.04 -84.599 l 312.46 -84.599 l 313.66 -84.599 l 314.08 -84.599 l 314.44 -84.599 l 314.86 -84.599 l 315.22 -84.119 l 316.42 -84.119 l 316.84 -84.119 l 317.26 -84.119 l 317.62 -84.119 l 318.04 -84.119 l 319.24 -84.119 l 319.6 -84.119 l 320.02 -84.119 l 320.38 -84.119 l 320.8 -84.119 l 322 -84.119 l 322.42 -84.119 l 322.78 -84.119 l 323.2 -84.119 l 323.56 -84.119 l 324.76 -84.119 l 325.18 -85.019 l 325.54 -85.439 l 325.96 -85.439 l 326.38 -85.439 l 327.94 -85.439 l 328.36 -85.439 l 328.72 -85.439 l 329.14 -85.439 l 330.34 -85.439 l 330.76 -85.439 l 331.12 -85.439 l 331.54 -85.439 l 331.9 -85.439 l 333.1 -85.439 l 333.52 -85.439 l 333.88 -85.439 l 334.3 -85.439 l 334.72 -85.439 l 335.5 -85.439 l 335.92 -85.439 l 336.28 -85.859 l 336.7 -85.859 l 337.06 -85.859 l 339.46 -85.859 l 339.88 -85.859 l 340.24 -85.859 l 340.66 -85.859 l 341.44 -85.859 l 341.86 -85.859 l 342.22 -85.859 l 342.64 -85.859 l 343.06 -85.859 l 344.2 -85.859 l 344.62 -85.859 l 345.04 -86.279 l 345.4 -86.279 l 345.82 -86.279 l 347.02 -86.279 l 347.38 -86.279 l 347.8 -86.279 l 348.22 -86.279 l 348.58 -86.699 l 349.78 -86.699 l 350.2 -86.699 l 350.56 -86.699 l 350.98 -86.699 l 351.4 -86.699 l 352.54 -86.699 l 352.96 -86.699 l 353.38 -86.699 l 353.74 -86.699 l 354.16 -86.699 l 355.36 -86.699 l 355.72 -86.699 l 356.14 -86.699 l 356.56 -86.699 l 356.92 -86.699 l 358.12 -86.699 l 358.54 -87.539 l 358.9 -87.539 l 360.52 -87.539 l 360.88 -87.539 l 361.3 -87.989 l S Q Q BT 0 0 0 0.651 k /GS1 gs /T1_2 1 Tf 0 Tc 9 0 -0 9 121.1976 391.4104 Tm (0)Tj -2.027 1.898 Td (20000)Tj 0 1.9 TD (40000)Tj 0 1.898 TD (60000)Tj T* (80000)Tj ET q 98.398 335.317 398.48 217.353 re W n BT 9 0 -0 9 98.3978 476.8506 Tm (100000)Tj 0 1.898 TD (120000)Tj 0 1.898 TD (140000)Tj 0 1.9 TD (160000)Tj 0 1.898 TD (180000)Tj ET Q BT 0.001 Tc -0.001 Tw -0 9 -9 -0 137.3973 364.4904 Tm (Jan-18)Tj 0 Tc 0 Tw -0.158 -1.367 Td (Feb-18)Tj -0.2 -1.236 Td (Mar-18)Tj 0.229 -1.369 Td (Apr-18)Tj -0.333 -1.322 Td (May-18)Tj 0.001 Tc -0.001 Tw 0.415 -1.369 Td (Jun-18)Tj 0 Tc 0 Tw 0.298 -1.322 Td (Jul-18)Tj -0.502 -1.369 Td (Aug-18)Tj 0.093 -1.367 Td (Sep-18)Tj 0.062 -1.324 Td (Oct-18)Tj -0.204 -1.367 Td (Nov-18)Tj 0.089 -1.324 Td (Dec-18)Tj 0.001 Tc -0.001 Tw 0.211 -1.367 Td (Jan-19)Tj 0 Tc 0 Tw -0.158 -1.369 Td (Feb-19)Tj -0.2 -1.235 Td (Mar-19)Tj 0.229 -1.367 Td (Apr-19)Tj -0.333 -1.325 Td (May-19)Tj 0.001 Tc -0.001 Tw 0.416 -1.367 Td (Jun-19)Tj 0 Tc 0 Tw 0.298 -1.324 Td (Jul-19)Tj -0.502 -1.367 Td (Aug-19)Tj 0.093 -1.369 Td (Sep-19)Tj 0.062 -1.322 Td (Oct-19)Tj -0.204 -1.369 Td (Nov-19)Tj 0.089 -1.322 Td (Dec-1)Tj (9)Tj 0.001 Tc -0.001 Tw 0.211 -1.369 Td (Jan-20)Tj 0 Tc 0 Tw -0.158 -1.367 Td (Feb-20)Tj -0.2 -1.28 Td (Mar-20)Tj 0.229 -1.369 Td (Apr-20)Tj -0.333 -1.322 Td (May-20)Tj 0.001 Tc -0.001 Tw 0.416 -1.369 Td (Jun-20)Tj ET 0.732 0.463 0.102 0 K 2.25 w 1 j 1 J q 1 0 0 1 214.6778 345.4104 cm 0 0 m 19.2 0 l S Q 0.312 0.811 0.665 0.001 K q 1 0 0 1 303.6778 345.4104 cm 0 0 m 19.2 0 l S Q BT 0 0 0 1 k 0 Tc 0 Tw 7.02 0 -0 7.02 242.3177 346.0504 Tm (Battery grade)Tj 5.405 0 Td ( )Tj ET q 98.398 335.317 398.48 217.353 re W n BT -0.001 Tc 7.02 0 -0 7.02 242.3177 337.4704 Tm (lithium carbonat)Tj 0 Tc 6.568 0 Td (e)Tj ET Q BT 7.02 0 -0 7.02 331.3177 346.0504 Tm (Battery grade lithium)Tj 8.528 0 Td ( )Tj ET q 98.398 335.317 398.48 217.353 re W n BT -0.001 Tc 0.001 Tw 7.02 0 -0 7.02 331.3177 337.4704 Tm (hydroxid)Tj 0 Tc 0 Tw 3.604 0 Td (e)Tj ET Q BT /GS0 gs /T1_0 1 Tf 0.025 Tc 11 0 0 11 85.0394 305.3164 Tm (Source: Minmetals Securities Institute)Tj ET endstream endobj 120 0 obj <> endobj 140 0 obj <>stream application/postscript User A2020-08-001 Ganfeng Lithium C61-82.eps 2020-08-10T19:01:25+08:00 Adobe Illustrator CC 2014 (Windows) 2020-08-10T19:01:25+08:00 2020-08-10T19:01:25+08:00 Microsoft庐 Word 2013 xmp.did:5fb09f62-2a83-df40-bf57-ed40f59048c1 xmp.iid:5fb09f62-2a83-df40-bf57-ed40f59048c1 proof:pdf uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 uuid:416bf5d2-2fdd-4ecd-b89b-100e9a45fd08 uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 uuid:f76b42cd-d6c8-4be9-8408-560fc63a81d0 proof:pdf saved xmp.iid:5fb09f62-2a83-df40-bf57-ed40f59048c1 2020-08-10T19:01:25+08:00 Adobe Illustrator CC 2014 (Windows) / 1 False False 210.015669 297.010661 Millimeters TimesNewRomanPSMT Times New Roman Regular Open Type Version 5.07 False times_4.ttf Cyan Magenta Yellow Black 闋愯ō鑹茬エ缇ょ祫 0 endstream endobj 119 0 obj <> endobj 141 0 obj <> endobj 142 0 obj <>stream H塴攠l葡
遌厶宜籧ht/澲j-沄-储紗$BJ^潜縝烦/%便w;~蹓鐓 d激 攽罃I[4写 VM$4菅笾9恙酐篦甄>}y榔倾m=集ro遛Wj臸B誥《Z终躚Us╲,V姲跩w观蹱祻i覯蘷7旔x庹穔jI筽韒脉尖肮@鄫皶爨
;
鄈 |黿#隘8
c%@=x垢缞cx0下藬贎l樳崯` h倿凈醷蟏z掘鵞/(_廭,裰娼[J稤藊e薏O^欵Z仫?++/8螄嗀!鸶 9 a 倐GE*..动`$1烳.律w铮O嵵=&棰4輨P颜>玨鑧bS馿褶8拋备?壟T垐#姞幵{V;m?4脏杤g:&1憀*I╫R
]v蒴萋&7?u1琧t歌~<`鞐6犥荘隮U/;i惠臧8磄ョ`圓]}趡嬠舛{z}p烊.!铛7 戳B檌6;尳p疉u泠耔蹬忁{v9u嶭z髶9'毮Б前鷉紻L%&冇壉T帶尘 l:g敡埓<$nFk諊吡啭.
,]a悽p)計皗廇茺麮W鶂﹟v3z!焮 剌蟰#B洷昲5湒桔騨嫺A]陶U璜=w庘]筜辻:\囌炓K;塏iO鹖T鏁GxD1)^<}睠,製肙 槆琎uF?2倾胏<栂Xtq"伺ˇ锤E祏揽鉠9≦］擩Ｃ橢剈t嘡jB2/9蟲(儑2塗&鶍趨S#班箂3:u僗絰}qz瀆嵀}╖k\歧蹥挼貋泸赩⒊╃腝*趷幄 6we(0U珟 "滺譲i.Vb鷺U摩%L廼堫Y汊z=0汱汩醫hK%譵$Y@谳b 蹧q綁磆m皜灞v I=j#J9琕汾H嘼疥$镒x!}H?条癢吭r坡%m僋o.s'1H爷q[桨烹朽`<惼/?3~惓O#3竌線Ya蕕I<:k歍dqe秨鴇鯦N魂0n朙仼樛"|擺褌~;U63辌諾鍢抎顐,y掠膖x<9渽嚦嫛)奣S戧\_a﹛噛耩筤?穮韣洘鉰感黖宯L邆貆?.Yql荬
35氢V汼旧:坂z鱲皬惤鸇籿燺徒qg?螄拸扒綣涾韄'覈镡wV鋡a*韩?葇M騯O韩%秿電,问;鮷欵仮AM[$A E[蘒"K"%R裴g嗕9脧r8p啟HI柆/-珟4u覯WM袳]东2鐴呷q跡瞹媰{9鬓罄粒嶬鳨 x騄kw湼蝙苓n}蝶砍~孵~q/0瞡鵱膵w鞩滵 摛xR駊^ 蛓4蟎M'i莈-蘓琊J@'跿涥>u?u V&WcJ!銫槑涛p绎:鄤K﹞堥i绑\;A}([蠗e擉努C姰+)),╅&灳綞lm4w鯜W\埓駊;d伍
}t崮犒終6苅q蒡|四椭Z蛩1v慩dM差k壜憹绢?(伲オ貈玨6埉-H#q K%i JR6$筪1U乱j簊暨错$椖.榎僐豹蟏t麦稳渿瘌筜囹-注毃廓歐妱+u恀\坈酭M4`瓬/*眏,pm<>瘜繱脕1bl<}yzs葚%鬣蜼沔倍肄<断鯊<桇C"I!g媃Y$BIU癲9津熳
8[攐#靘蹅蟏u裸鏶>q嶰偋~>蚁o8p曲Nl穌$L赵Z筘/Ⅵ 范唋财炞鳀W馧玈]剭$hDC╮%ZE#磎陔e!㈦婟1s墙姱呵碼x"9z嵏6篯_B兛躕飦 a櫈?)72Y"椛f3鑒3訁TOgSzJ舗p鹜!s旰:蠌2n荨OGц窈郀脫^2 癤>);.g堂8匶#薴,F凤僲e﹣2╩1$b殄享{閁I媍Z\墑稷
酧翉/珕嫚*B*R菋礘疆mIOI!驱 r5~鮮鱟7E'啭萵2笪;熒d6橫躹注Y/B奮<災墝攥掮=巷=\攰0魆鸟転徉!AmHK韘8俕"Se`h 佖19Z21)园窗RU荰4wGr刌N&鏈>齴z6{鳑酤显罨 簌暛鋆篤S; 段7>il[D唐JV輝勍闫\∕伲蜩7吽S》莚Ci'钗緺瞁埫｝q钀玼淕遊n5鼦t宼噓tdr ?~{拐摱巤
c踙`is 鸯X幪JPuq"s緮v|欎蟩8仨a犴b?覫遂:]1鐁賚o膄R惧!噏邐鑑挆~kJ腇蕕c鲠悭楎'畁钤EyM裠C鞈盱鼧帑 鹋r)'O彉燓厱骏R毩U4籺;鸴L代-耿蹨m?歖,}酸韙k;淬%扃9"魖:啳[盰2鍂@牴&\c-漏纑 d 濅[6<#註顎G敵孂oリ%癃月纄I襡赥P`Q嬊UbH;b刐mk醓愞do窉撿嵟F蓾廊草!d;秓匥ㄧ9b锜M竒洊A叹BO泻蘻尴蓺+R'遽傕0謭1蘼贽^aa>朂U麲
z焒C endstream endobj 117 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 22 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (MANAGEMENT DISCUSSION AND ANALYSIS)Tj 0 -2.462 TD (INDUSTRY REVIEW)Tj 13 0 3.4833 13 55.3588 712.409 Tm [(1. )-1105.5 (Analysis of lithium resource market)]TJ /T1_0 1 Tf 0.023 Tc 13 0 0 13 85.0394 680.409 Tm [(The majority of global lithium resources are sourced from salt lakes and\ hard-rock)-2 ( )]TJ 0.025 Tc 0.044 Tw 0 -1.231 TD (lithium mines. Well-developed salt lakes are mainly found in the lithium\ delta of )Tj 0 Tw T* (South America and in China, while the majority of lithium mines are conc\ entrated )Tj 0.031 Tc 0.077 Tw T* [(in)6 ( )0.5 (Western)6 ( )0.5 (Australia.)6 ( )0.5 (According)6 ( )0.5 (to)6 ( )0.5 (the)6 ( )0.5 (research)6 ( )0.5 (report)6 ( )0.5 (of)6 ( )0.5 (Minmetals)6 ( )0.5 (Securities,)6 ( )]TJ 0.052 Tc 0.07 Tw T* [(from)12.9 ( 2)12.8 (0)12.9 (1)12.9 (5)12.8 ( to)12.8 ( 2)12.9 (0)12.8 (1)12.9 (9)12.9 (,)12.8 ( the)12.9 ( global)12.9 ( output)12.9 ( of)12.9 ( ore)12.9 ( lithium)12.8 ( in)12.8 ( concentrate)12.9 ( increased)27 ( )]TJ 0.025 Tc 0.03 Tw T* [(significantly from )0.5 (61,000 )0.5 (tons LCE )0.5 (to )0.5 (258,000 tons )0.5 (LCE, )0.5 (while the global )0.5 (output )]TJ 0.03 Tc 0.078 Tw T* [(of)5 ( )0.5 (salt-lake)5 ( )0.5 (lithium)5 ( )0.5 (grew)5 ( )0.5 (from)5 ( )0.5 (9)5 (7)5 (,)5 (0)5 (0)5 (0)5 ( )0.5 (tons)5 ( )0.5 (LCE)5.1 ( )0.5 (to)5 ( )0.5 (1)5 (7)5 (8)5 (,)5 (0)5 (0)5 (0)5 ( )0.5 (tons)5 ( )0.5 (LCE.)5 ( )0.5 (In)5 ( )0.5 (recent)5 ( )]TJ 0.057 Tc 0.07 Tw 0 -1.231 TD [(years,)12.6 ( the)12.7 ( growing)12.7 ( demand)12.7 ( for)12.7 ( lithium)12.7 ( chemicals)12.7 ( has)12.7 ( been)12.7 ( largely)12.7 ( met)12.6 ( with)32 ( )]TJ 0.028 Tc 0.08 Tw 0 -1.231 TD [(increased)3 ( )0.5 (production)3 ( )0.5 (of)3.1 ( )0.5 (lithium)3 ( )0.5 (ore)3 ( )0.6 (which)3 ( )0.5 (is)3 ( )0.5 (used)3 ( )0.5 (as)3 ( )0.5 (a)3 ( )0.5 (feedstock)3 ( )0.5 (in)3 ( )0.5 (downstream)3 ( )]TJ 0.047 Tc 0.07 Tw T* [(lithium)12.4 ( chemical)12.4 ( production.)12.4 ( In)12.4 ( comparison)12.4 ( to)12.4 ( lithium)12.5 ( products)12.4 ( derived)12.4 ( from)22 ( )]TJ 0.045 Tc T* [(salt)12.9 ( lakes,)12.9 ( lithium)12.9 ( mines)12.9 ( have)12.9 ( a)12.9 ( relatively)12.8 ( shorter)12.9 ( timeline)12.9 ( to)12.8 ( produce)12.9 ( lithium)20 ( )]TJ 0.025 Tc -0.025 Tw T* (products.)Tj 0 Tw 13 0 3.4833 13 83.7052 472.409 Tm [(\(1\) )-664.5 (Market of spodumene concentrate)]TJ 0.034 Tc 0.074 Tw 13 0 0 13 113.3858 440.409 Tm [(During)9 ( )0.5 (the)9 ( )0.5 (past)9 ( )0.5 (three)9.1 ( )0.5 (years,)8.9 ( )0.6 (several)8.9 ( )0.6 (new)9 ( )0.6 (lithium)9 ( )0.5 (mines)9 ( )0.5 (located)9 ( )0.5 (in)9 ( )0.5 (Western)9 ( )]TJ 0.085 Tc 0.07 Tw T* [(Australia)12.9 ( were)12.8 ( brought)12.9 ( into)12.9 ( production,)12.9 ( and)12.9 ( some)12.9 ( existing)12.9 ( projects)60 ( )]TJ 0.025 Tc 0.077 Tw T* (announced or executed on expansion plans. This new supply had an impact \ )Tj 0.048 Tc 0.07 Tw T* [(on)12.4 ( the)12.4 ( spodumene)12.4 ( market,)12.3 ( creating)12.4 ( oversupply)12.3 ( conditions)12.4 ( of)12.4 ( spodumene)23 ( )]TJ 0.031 Tc 0.077 Tw T* [(which)6 ( )0.5 (persist)6 ( )0.5 (today.)6 ( )0.5 (According)6 ( )0.5 (to)6 ( )0.5 (the)6 ( )0.5 (data)6.1 ( )0.5 (on)6.1 ( )0.5 (Fastmarket,)6 ( )0.5 (as)6 ( )0.5 (of)6 ( )0.5 (the)6 ( )0.5 (end)6 ( )0.5 (of)6 ( )]TJ 0.04 Tc 0.07 Tw T* [(June)12.2 ( 2)12.3 (0)12.2 (2)12.2 (0)12.2 (,)12.2 ( the)12.2 ( domestic)12.3 ( CIF)12.3 ( price)12.2 ( of)12.2 ( 5)12.3 (%-)12.2 (6)12.3 (%)12.2 ( spodumene)12.2 ( concentrate)12.3 ( was)15 ( )]TJ T* [(around)12.8 ( USD)12.8 (4)12.7 (0)12.7 (0)12.7 (\226)12.8 (4)12.7 (3)12.7 (0)12.7 (/ton,)12.7 ( representing)12.7 ( a)12.7 ( substantial)12.7 ( decrease)12.7 ( compared)12.7 ( to)15 ( )]TJ 0.025 Tc 0.079 Tw 0 -1.231 TD (prices in early 2020. Abundant supply of spodumene and lower spodumene )Tj 0.029 Tc 0 -1.231 TD [(prices)4 ( )0.6 (have)4.1 ( reduced)4 ( )0.5 (our)4 ( )0.5 (production)4 ( )0.5 (costs)4 ( )0.5 (and)4 ( )0.5 (helped)4 ( )0.6 (to)4 ( )0.5 (offset)4 ( )0.5 (the)4 ( )0.5 (financial)4 ( )]TJ 0.025 Tc 0 Tw T* (impact from the decline in price of some refined lithium products.)Tj 13 0 3.4833 13 83.7052 264.409 Tm [(\(2\) )-664.5 (Market of salt lake brines)]TJ 0.072 Tc 0.07 Tw 13 0 0 13 113.3858 232.409 Tm [(The)12.2 ( current)12.1 ( brine)12.2 ( projects)12.2 ( in)12.2 ( South)12.2 ( America)12.2 ( are)12.1 ( mainly)12.1 ( in)12.2 ( Chile)12.2 ( and)47 ( )]TJ 0.025 Tc 0.02 Tw T* (Argentina, making for a highly concentrated industry. Future increase in\ salt )Tj 0.038 Tw T* (lake resources of South America will be mainly attributable to the opera\ tion )Tj 0.077 Tc 0.07 Tw T* [(a)0.5 (nd)13 ( )0.5 (c)0.5 (ap)0.5 (a)0.5 (ci)0.5 (t)0.5 (y)12.9 ( )0.5 (e)0.5 (xp)0.5 (a)0.5 (ns)0.5 (io)0.5 (n)13 ( o)0.5 (f)13 ( s)0.5 (e)0.5 (ve)0.5 (r)0.5 (a)0.5 (l)12.9 ( )0.5 (p)0.5 (ro)0.5 (j)0.5 (ec)0.5 (t)0.5 (s)12.9 ( )0.5 (i)0.5 (nc)0.5 (l)0.5 (ud)0.5 (i)0.5 (ng)13 ( t)0.5 (h)0.5 (e)12.9 ( )0.5 (C)0.5 (om)0.5 (p)0.5 (an)0.5 (y)0.5 (\222s)52 ( )]TJ 0.048 Tc T* [(C)0.5 (a)0.5 (uc)0.5 (h)0.5 (a)0.5 (r)0.5 (i-)0.5 (O)0.5 (l)0.5 (a)0.5 (ro)0.5 (z)13 ( )0.5 (p)0.5 (ro)0.5 (j)0.5 (e)0.5 (ct)0.5 (,)13 ( )0.5 (wh)0.5 (i)0.5 (l)0.5 (e)13 ( i)0.5 (n)0.5 (c)0.5 (re)0.5 (a)0.5 (s)0.5 (e)13 ( )0.5 (in)13 ( )0.5 (s)0.5 (up)0.5 (p)0.5 (ly)13 ( )0.5 (o)0.5 (f)12.9 ( )0.5 (l)0.5 (i)0.5 (th)0.5 (i)0.5 (u)0.5 (m)12.9 ( )0.5 (c)0.5 (o)0.5 (mp)0.5 (o)0.5 (u)0.5 (nd)0.5 (s)23 ( )]TJ 0.025 Tc 0.029 Tw T* (generated from brine resources will be seen after 2020. In the short ter\ m, all )Tj 0.027 Tc 0.081 Tw T* [(lith)0.5 (ium)2 ( )0.5 (proje)0.5 (cts)2 ( )0.5 (in)2 ( )0.5 (South)2 ( )0.5 (A)0.5 (meric)0.5 (a)2 ( )0.5 (have)2 ( )0.5 (pos)0.5 (tponed)2 ( )0.5 (t)0.5 (heir)2 ( )0.5 (cap)0.5 (acity)2 ( )0.5 (e)0.5 (xpans)0.5 (ion)2 ( )]TJ 0.045 Tc 0.07 Tw 0 -1.231 TD [(progressively)12.6 ( considering)12.6 ( the)12.6 ( vendors\222)12.6 ( judgments)12.6 ( over)12.6 ( the)12.6 ( future)12.6 ( market)20 ( )]TJ 0.034 Tc 0.074 Tw 0 -1.231 TD [(demands)9 ( )0.5 (as)9 ( )0.5 (well)9 ( )0.5 (as)9 ( )0.5 (the)9 ( )0.5 (impact)9 ( )0.5 (of)9 ( )0.5 (the)9 ( )0.5 (COVID-)9 (1)9 (9)9 ( )0.5 (pandemic,)9 ( )0.5 (which)9 ( )0.5 (will,)8.9 ( )0.6 (to)9 ( )]TJ 0.052 Tc 0.07 Tw T* [(a)12.7 ( certain)12.7 ( extent,)12.7 ( slow)12.8 ( down)12.7 ( the)12.8 ( growth)12.7 ( of)12.7 ( short)12.7 ( term)12.6 ( lithium)12.7 ( compound)27 ( )]TJ 0.024 Tc 0 Tw T* [(supply, shift the current supply and demand imbalance, and create condit\ ions)-1 ( )]TJ 0.025 Tc T* (for an improved pricing environment in the future.)Tj ET endstream endobj 116 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 21 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(13. )-580.5 (TRADE AND BILLS PAYABLES)]TJ 27.797 -2.462 Td (As at )Tj -1.162 -1.231 Td (30 June )Tj -0.025 Tw 1.381 -1.231 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.462 Td (As at )Tj -3.426 -1.231 Td (31 December )Tj -0.025 Tw 3.534 -1.231 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 696.4089 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 680.4089 Tm (\(Unaudited\))Tj /T1_0 1 Tf 8.307 0 Td (\(Audited\))Tj 0 Tw -30.8 -2.462 Td (Trade payables)Tj /T1_1 1 Tf -0.025 Tw 24.51 0 Td (366,105)Tj /T1_0 1 Tf 6.978 0 Td (428,075)Tj 0 Tw -31.488 -1.231 Td (Bills payable)Tj /T1_1 1 Tf -0.025 Tw 24.51 0 Td (212,986)Tj /T1_0 1 Tf 6.978 0 Td (130,822)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.504 627.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 629.3999 Tm ( )Tj ET q 1 0 0 1 459.2126 627.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 629.3999 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.462 Td (579,091)Tj /T1_0 1 Tf 6.978 0 Td (558,897)Tj ET 2.5 w q 1 0 0 1 368.504 591.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 588.5028 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 589.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 591.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 588.5028 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 589.7363 Tm ( )Tj 0.035 Tc 0.073 Tw -28.346 -2.335 Td [(An)10.1 ( )0.5 (ageing)10 ( )0.5 (analysis)10 ( )0.5 (of)10 ( )0.5 (the)10 ( )0.6 (trade)10 ( )0.6 (payables)10 ( )0.5 (as)10 ( )0.5 (at)10 ( )0.5 (the)10 ( )0.5 (end)10 ( )0.5 (of)10 ( )0.5 (the)10 ( )0.5 (Reporting)10 ( )0.5 (Period,)10 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (based on the invoice date, is as follows:)Tj /T1_1 1 Tf 25.616 -2.462 Td (As at )Tj -1.162 -1.231 Td (30 June )Tj -0.025 Tw 1.381 -1.231 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.462 Td (As at )Tj -3.426 -1.231 Td (31 December )Tj -0.025 Tw 3.534 -1.231 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4326 463.3873 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4539 447.3873 Tm (\(Unaudited\))Tj /T1_0 1 Tf 8.307 0 Td (\(Audited\))Tj 0 Tw -30.8 -2.462 Td (Within 3 months)Tj /T1_1 1 Tf -0.025 Tw 24.51 0 Td (256,482)Tj /T1_0 1 Tf 6.978 0 Td (404,025)Tj 0 Tw -31.488 -1.231 Td (4 to 6 months)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (47,538)Tj /T1_0 1 Tf 7.503 0 Td (2,607)Tj 0 Tw -32.538 -1.231 Td (7 to 12 months)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (39,747)Tj /T1_0 1 Tf 7.503 0 Td (7,754)Tj 0 Tw -32.538 -1.231 Td (1 to 2 years)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (9,922)Tj /T1_0 1 Tf 6.978 0 Td (9,296)Tj 0 Tw -32.538 -1.231 Td (2 to 3 years)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (8,284)Tj /T1_0 1 Tf 6.978 0 Td (4,393)Tj 0 Tw -32.538 -1.231 Td (Over 3 years)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (4,132)Tj /T1_0 1 Tf 0 Tc 0 Tw 8.828 0 Td (\226)Tj ET 0.5 w q 1 0 0 1 368.5041 330.9773 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 13 0 0 13 362.8348 332.3782 Tm ( )Tj ET q 1 0 0 1 459.2127 330.9773 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 332.3782 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.462 Td (366,105)Tj /T1_0 1 Tf 6.978 0 Td (428,075)Tj ET 2.5 w q 1 0 0 1 368.5042 294.8137 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5042 291.4812 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8349 292.7147 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2128 294.8137 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2128 291.4812 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 292.7147 Tm ( )Tj 0.044 Tc 0.07 Tw -28.346 -2.335 Td [(The)12.8 ( trade)12.8 ( payables)12.8 ( are)12.8 ( non-interest-bearing)12.8 ( and)12.8 ( are)12.8 ( normally)12.8 ( settled)12.8 ( on)12.9 ( terms)19 ( )]TJ 0.025 Tc 0 Tw T* (within 180 days.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(14. )-580.5 (EVENTS AFTER THE REPORTING PERIOD)]TJ /T1_0 1 Tf 0.055 Tc 0.07 Tw 2.181 -2.462 Td [(In)12.9 ( addition)12.9 ( to)12.9 ( the)12.9 ( tra)0.5 (nsac)0.5 (tions)12.9 ( disclosed)12.8 ( elsewhere)12.9 ( in)12.9 ( the)12.9 ( interim)12.9 ( condensed)30 ( )]TJ 0.044 Tc T* [(consolidated)12.6 ( financial)12.6 ( statements,)12.6 ( the)12.6 ( Group)12.6 ( had)12.6 ( following)12.6 ( subsequent)12.6 ( events)19 ( )]TJ 0.025 Tc 0 Tw T* (after the Reporting Period:)Tj 0.057 Tc 0.07 Tw 0 -2.462 TD [(Approved)12.7 ( by)12.7 ( China)12.7 ( Securities)12.8 ( Regulatory)12.7 ( Commission)12.7 ( on)12.7 ( 1)12.7 (3)12.7 ( July)12.7 ( 2)12.7 (0)12.7 (2)12.7 (0)12.8 ( and)32 ( )]TJ 0.037 Tc 0.071 Tw 0 -1.231 TD [(the)12 ( )0.5 (shareholders)12 ( )0.5 (on)12 ( )0.5 (a)12 ( )0.5 (general)12 ( )0.5 (meeting)12 ( )0.5 (of)12 ( )0.5 (the)12 ( )0.5 (Company)12 ( )0.5 (on)12 ( )0.5 (1)12 (3)12 ( )0.5 (August)12 ( )0.5 (2)12 (0)12.1 (1)12 (9)12 (,)12 ( )0.5 (the)12 ( )]TJ 0.05 Tc 0.07 Tw T* [(Company)12.2 ( publicly)12.2 ( issued)12.2 ( A)12.2 ( share)12.3 ( convertible)12.3 ( bonds)12.3 ( with)12.2 ( a)12.2 ( nominal)12.3 ( value)12.3 ( of)25.1 ( )]TJ 0.025 Tc 0 Tw T* (RMB2,108,000,000 on 6 August 2020.)Tj ET endstream endobj 30 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 31 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 32 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 33 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 34 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 147 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 20 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(11. )-580.5 (TRADE RECEIVABLES)]TJ /T1_0 1 Tf 0.04 Tw 2.181 -2.462 Td (An ageing analysis of the trade receivables as at the end of the Reporti\ ng Period, )Tj 0 Tw 0 -1.231 TD (based on the invoice date and net of loss allowance, is as follows:)Tj /T1_1 1 Tf 25.616 -2.462 Td (As at )Tj -1.162 -1.231 Td (30 June )Tj -0.025 Tw 1.381 -1.231 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.462 Td (As at )Tj -3.426 -1.231 Td (31 December)Tj 3.259 -1.231 Td ( 2019)Tj /T1_1 1 Tf -0.025 Tw 13 0 3.4833 13 390.4325 648.4089 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 632.4089 Tm (\(Unaudited\))Tj /T1_0 1 Tf 8.307 0 Td (\(Audited\))Tj 0 Tw -30.8 -2.462 Td (Within six months)Tj /T1_1 1 Tf -0.025 Tw 23.71 0 Td (1,021,110)Tj /T1_0 1 Tf 7.778 0 Td (860,826)Tj 0 Tw -31.488 -1.231 Td (More than six months but)Tj 1.003 -1.231 Td (less than one year)Tj /T1_1 1 Tf -0.025 Tw 24.032 0 Td (90,282)Tj /T1_0 1 Tf 6.978 0 Td (21,656)Tj 0 Tw -32.013 -1.231 Td (One to two years)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (12,453)Tj /T1_0 1 Tf 7.503 0 Td (4,517)Tj 0 Tw -32.538 -1.231 Td (Two to three years)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (20,499)Tj /T1_0 1 Tf 6.978 0 Td (26,809)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.504 531.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 533.3999 Tm ( )Tj ET q 1 0 0 1 459.2127 531.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 533.3999 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -4.636 -2.462 Td (1,144,344)Tj /T1_0 1 Tf 7.778 0 Td (913,808)Tj ET 2.5 w q 1 0 0 1 368.5041 495.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 492.5028 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8348 493.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 495.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2128 492.5028 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 493.7363 Tm ( )Tj /T1_1 1 Tf 0.159 Tc 0.07 Tw -30.527 -2.335 Td [(1)134 (2)134 (.)134 ( )-376.5 (DE)0.5 (BT)13 ( IN)0.5 (STR)0.5 (UM)0.5 (EN)0.5 (TS)13 ( AT)13 ( F)0.5 (AI)0.5 (R)12.9 ( V)0.5 (AL)0.5 (UE)13 ( TH)0.5 (ROU)0.5 (GH)13 ( OT)0.5 (HER)134 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.231 Td (COMPREHENSIVE INCOME)Tj 25.616 -2.462 Td (As at )Tj -1.162 -1.231 Td (30 June )Tj -0.025 Tw 1.381 -1.231 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.462 Td (As at )Tj -3.426 -1.231 Td (31 December )Tj -0.025 Tw 3.534 -1.231 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4326 367.3873 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4539 351.3873 Tm (\(Unaudited\))Tj /T1_0 1 Tf 8.307 0 Td (\(Audited\))Tj 0 Tw -30.8 -2.462 Td (Debt instruments at fair value through other )Tj 1.003 -1.231 Td (comprehensive income:)Tj T* (Bills receivables)Tj /T1_1 1 Tf -0.025 Tw 23.507 0 Td (240,372)Tj /T1_0 1 Tf 6.978 0 Td (218,362)Tj ET 2.5 w q 1 0 0 1 368.5042 281.8227 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5042 278.4902 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8349 279.7237 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2128 281.8227 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2128 278.4902 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 279.7237 Tm ( )Tj 0.03 Tc 0.078 Tw -28.346 -2.335 Td [(The)5 ( )0.5 (Group\222s)5 ( )0.5 (business)5 ( )0.5 (model)5 ( )0.5 (for)5 ( )0.5 (the)5 ( )0.5 (management)5 ( )0.5 (of)5 ( )0.5 (bills)5 ( )0.5 (receivable)5 ( )0.5 (is)5 ( )0.5 (aimed)5 ( )0.5 (at)5 ( )]TJ 0.025 Tc 0.061 Tw T* (both receiving contractual cash flows and selling. As a result, it is cl\ assified and )Tj 0 Tw T* (presented as debt instruments at fair value through other comprehensive \ income.)Tj 0.049 Tc 0.07 Tw 0 -2.462 TD [(As)12.1 ( at)12.1 ( 3)12.1 (0)12.1 ( June)12.1 ( 2)12.1 (0)12.1 (2)12 (0)12.1 (,)12.1 ( the)12 ( Group\222s)12.1 ( debt)12.1 ( instruments)12.1 ( at)12 ( fair)12.1 ( value)12 ( through)12.1 ( other)24 ( )]TJ 0.025 Tc 0.032 Tw 0 -1.231 TD (comprehensive income with a carrying amount of RMB20,511,000 \(31 Decemb\ er )Tj 0.058 Tw 0 -1.231 TD (2019: RMB58,571,000\) were pledged to issue banks\222 acceptance bills a\ nd letters )Tj 0 Tw 0 -1.231 TD (of credit.)Tj ET endstream endobj 146 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 19 \226)Tj 13 0 0 13 85.0394 776.3179 Tm (The calculations of basic and diluted earnings per share are based on:)Tj /T1_1 1 Tf 22.67 -2.462 Td (For the six months ended )Tj 3.948 -1.231 Td (30 June)Tj -0.025 Tw -0.783 -1.231 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 696.318 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 680.318 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj /T1_1 1 Tf -29.806 -2.462 Td (Earnings)Tj /T1_0 1 Tf 0 Tw 0 -1.231 TD (Adjusted profit attributable to ordinary equity )Tj 1.003 -1.231 Td (holders of the parent for the basic earnings per )Tj T* (share calculation)Tj /T1_1 1 Tf -0.025 Tw 23.507 0 Td (157,696)Tj /T1_0 1 Tf 6.978 0 Td (297,201)Tj ET 0 0 0 1 K 2.5 w q 1 0 0 1 368.504 594.7534 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 591.4209 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 592.6544 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 594.7534 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 591.4209 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 592.6544 Tm ( )Tj 0.025 Tc -28.346 -2.462 Td (Interest expense on convertible bonds)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (28,625)Tj /T1_0 1 Tf 6.978 0 Td (23,940)Tj ET 0.5 w q 1 0 0 1 368.5041 556.2444 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8348 557.6454 Tm ( )Tj ET q 1 0 0 1 459.2127 556.2444 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 557.6454 Tm ( )Tj 0.025 Tc -28.346 -2.462 Td (Adjusted profit attributable to ordinary equity )Tj 1.003 -1.231 Td (holders of the parent for the diluted earnings )Tj T* (per share calculation)Tj /T1_1 1 Tf -0.025 Tw 23.507 0 Td (186,321)Tj /T1_0 1 Tf 6.978 0 Td (321,141)Tj ET 2.5 w q 1 0 0 1 368.5042 488.0808 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5042 484.7483 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8349 485.9818 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2128 488.0808 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2128 484.7483 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 485.9818 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -28.346 -2.462 Td (Shares)Tj /T1_0 1 Tf 0 Tw T* (Weighted average number of ordinary shares for )Tj 1.003 -1.231 Td (the calculation of basic earnings per share)Tj /T1_1 1 Tf -0.025 Tw 20.857 0 Td (1,292,712,664)Tj /T1_0 1 Tf 6.978 0 Td (1,292,597,884)Tj ET 2.5 w q 1 0 0 1 368.5043 416.4173 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5043 413.0848 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.835 414.3183 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2129 416.4173 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.213 413.0848 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5436 414.3183 Tm ( )Tj 0.025 Tc -28.346 -2.462 Td (Effect of dilution \226 weighted average number of )Tj 1.003 -1.231 Td (ordinary shares:)Tj -1.003 -1.231 Td (\226 Convertible bonds*)Tj /T1_1 1 Tf -0.025 Tw 23.185 0 Td (21,676,443)Tj /T1_0 1 Tf 6.978 0 Td (19,359,975)Tj ET 0.5 w q 1 0 0 1 368.5044 345.9082 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8351 347.3092 Tm ( )Tj ET q 1 0 0 1 459.213 345.9082 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5438 347.3092 Tm ( )Tj 0.025 Tc -28.346 -2.462 Td (Weighted average number of ordinary shares for )Tj 1.003 -1.231 Td (the calculation of diluted earnings per share)Tj /T1_1 1 Tf -0.025 Tw 20.857 0 Td (1,314,389,107)Tj /T1_0 1 Tf 6.978 0 Td (1,311,957,859)Tj ET 2.5 w q 1 0 0 1 368.5045 293.7447 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5045 290.4122 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8352 291.6457 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2131 293.7447 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2131 290.4122 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5438 291.6457 Tm ( )Tj 0.025 Tc -28.346 -2.462 Td (Basic earnings per share )Tj -0.025 Tw 13 0 3.4833 13 221.7897 259.6457 Tm (\(RMB\))Tj /T1_1 1 Tf 13 0 0 13 424.1496 259.6457 Tm (0.12)Tj /T1_0 1 Tf 6.978 0 Td (0.23)Tj ET 2.5 w q 1 0 0 1 368.5045 254.0812 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5046 250.7487 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8353 251.9821 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2132 254.0812 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2132 250.7487 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5439 251.9821 Tm ( )Tj 0.025 Tc -28.346 -2.462 Td (Diluted earnings per share )Tj -0.025 Tw 13 0 3.4833 13 232.554 219.9822 Tm (\(RMB\))Tj /T1_1 1 Tf 13 0 0 13 424.1497 219.9822 Tm (0.12)Tj /T1_0 1 Tf 6.978 0 Td (0.23)Tj ET 2.5 w q 1 0 0 1 368.5046 214.4176 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5046 211.0851 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8353 212.3186 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2133 214.4176 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2133 211.0851 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.544 212.3186 Tm ( )Tj 0.025 Tc 0.031 Tw 11 0 0 11 85.04 183.9696 Tm [(* )-1746 (Because the diluted earnings per share amount is increased when taking c\ onvertible bonds )]TJ 0.035 Tc 0.073 Tw 2.577 -1.273 Td [(into)10 ( )0.6 (account,)10 ( )0.5 (the)10 ( )0.5 (convertible)10.1 ( )0.5 (bonds)10 ( )0.5 (had)10 ( )0.5 (an)10 ( )0.5 (anti-dilutive)10 ( )0.5 (effect)10 ( )0.6 (on)10 ( )0.5 (the)10 ( )0.5 (basic)10 ( )0.6 (earnings)10 ( )0.5 (per)10 ( )]TJ 0.036 Tc 0.072 Tw 0 -1.273 TD [(share)11 ( )0.5 (for)11 ( )0.5 (the)11 ( )0.5 (six)11 ( )0.5 (months)11 ( )0.5 (ended)11 ( )0.5 (3)11 (0)11 ( )0.5 (June)11 ( )0.5 (2)11 (0)11 (2)11 (0)11 ( )0.5 (and)11 ( )0.5 (2)11 (0)11 (1)11 (9)10.9 ( )0.5 (and)11 ( )0.5 (were)11 ( )0.5 (not)11 ( )0.5 (taken)11 ( )0.5 (into)11 ( )0.5 (account)11 ( )]TJ 0.026 Tc 0.082 Tw 0 -1.273 TD [(in)1 ( )0.5 (the)1.1 ( )0.5 (calculation)1 ( )0.5 (of)0.9 ( )0.6 (diluted)1 ( )0.5 (earnings)1 ( )0.5 (per)1 ( )0.5 (share.)1 ( )0.5 (Therefore,)1 ( )0.5 (the)1 ( )0.5 (diluted)1 ( )0.5 (earnings)1 ( )0.5 (per)1 ( )0.5 (share)1 ( )]TJ 0.025 Tc 0.043 Tw T* (amount is based on the profit for the six months ended 30 June 2020 of R\ MB157,696,000 )Tj 0.047 Tw T* [(\(30 June )0.5 (2019 )0.5 (of RMB297,201,000\), and the )0.5 (weighted average )0.5 (number of )0.5 (ordinary )0.5 (shares )]TJ 0.081 Tw 0 -1.273 TD (of 1,292,712,664 \(30 June 2019: 1,292,597,884\) in issue during the six\ months ended 30 )Tj 0 Tw 0 -1.273 TD (June 2020.)Tj ET endstream endobj 145 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 18 \226)Tj /T1_1 1 Tf 1.106 Tw 13 0 0 13 56.6929 776.409 Tm [(9. )0.5 (DIVIDENDS)]TJ /T1_0 1 Tf 0.083 Tw 2.181 -2.462 Td [(The )0.5 (Directors )0.5 (did )0.5 (not )0.5 (recommend )0.5 (the )0.5 (payment )0.5 (of )0.5 (an )0.5 (interim dividend )0.5 (in )0.5 (respect )]TJ 0.034 Tc 0.074 Tw 0 -1.231 TD [(o)0.5 (f)9 ( )0.5 (t)0.5 (h)0.5 (e)9 ( )0.5 (s)0.6 (i)0.5 (x)9 ( )0.5 (m)0.5 (o)0.5 (n)0.5 (t)0.5 (h)0.5 (s)9 ( )0.5 (e)0.5 (n)0.5 (d)0.5 (e)0.6 (d)9 ( )0.5 (3)9 (0)9 ( J)0.6 (u)0.5 (n)0.5 (e)9 ( )0.5 (2)9 (0)9 (2)9 (0)9 ( )0.5 (\()0.5 (f)0.5 (o)0.5 (r)9 ( )0.5 (t)0.5 (h)0.5 (e)9 ( )0.5 (s)0.6 (i)0.5 (x)9 ( )0.5 (m)0.5 (o)0.5 (n)0.5 (t)0.5 (h)0.5 (s)9 ( )0.5 (e)0.5 (n)0.5 (d)0.5 (e)0.6 (d)9 ( )0.5 (3)9 (0)8.9 ( )0.6 (J)0.5 (u)0.5 (n)0.5 (e)9 ( )0.5 (2)9 (0)9 (1)9 (9)9 (:)9 ( )]TJ 0.025 Tc -0.025 Tw T* (Nil\).)Tj 0.039 Tc 0.07 Tw 0 -2.462 TD [(The)12.5 ( proposed)12.5 ( final)12.6 ( dividend)12.6 ( of)12.6 ( RMB)12.5 (0)12.6 (.)12.5 (3)12.5 (0)12.6 ( \(tax)12.6 ( included\))12.5 ( per)12.6 ( ordinary)12.5 ( share)12.5 ( for)14.1 ( )]TJ 0.025 Tc 0.009 Tw 0 -1.231 TD [(the year )0.5 (ended 31 December 2019 was )0.5 (approved )0.5 (by the shareholders )0.5 (at the annual )]TJ 0 Tw 0 -1.231 TD (general meeting of the Company on 24 June 2020.)Tj /T1_1 1 Tf 0.071 Tc 0.07 Tw -2.181 -2.462 Td [(1)46 (0)46 (.)46 ( )-464.5 (EARNINGS)12.3 ( PER)12.4 ( SHARE)12.4 ( ATTRIBUTABLE)12.3 ( TO)12.3 ( ORDINARY)12.4 ( EQUITY)46 ( )]TJ 0.025 Tc 0 Tw 2.181 -1.231 Td (HOLDERS OF THE PARENT)Tj /T1_0 1 Tf 0.048 Tc 0.07 Tw 0 -2.462 TD [(The)12.2 ( calculation)12.2 ( of)12.1 ( the)12.2 ( basic)12.1 ( earnings)12.1 ( per)12.2 ( share)12.1 ( amount)12.1 ( is)12.2 ( based)12.1 ( on)12.2 ( the)12.1 ( profit)23 ( )]TJ 0.031 Tc 0.077 Tw 0 -1.231 TD [(for)6.1 ( )0.5 (the)6 ( )0.5 (six)6 ( )0.5 (months)6 ( )0.5 (ended)6 ( )0.5 (3)6 (0)6 ( )0.5 (June)6 ( )0.5 (2)6 (0)6 (2)6 (0)6 ( )0.5 (and)6 ( )0.5 (2)6 (0)6 (1)6 (9)6 ( )0.5 (attributable)6.1 ( )0.5 (to)6 ( )0.5 (ordinary)6.1 ( )0.5 (equity)6 ( )]TJ 0.045 Tc 0.07 Tw T* [(holders)12.2 ( of)12.1 ( the)12.1 ( parent,)12.2 ( and)12.2 ( the)12.2 ( weighted)12.2 ( average)12.1 ( number)12.2 ( of)12.1 ( ordinary)12.2 ( shares)12.1 ( of)20 ( )]TJ 0.083 Tw T* [(1,292,712,664 )0.5 (\(30 J)-12.5 (u)-12.6 (n)-12.5 (e 2019: 1,292,597,884\) )0.5 (i)-12.6 (n i)-12.5 (s)-12.5 (s)-12.6 (u)-12.5 (e )0.5 (d)-12.5 (u)-12.6 (r)-12.5 (i)-12.6 (n)-12.5 (g t)-12.5 (h)-12.6 (e s)-12.5 (i)-12.6 (x )0.5 (m)-12.6 (o)-12.5 (n)-12.6 (t)-12.5 (h)-12.6 (s)20 ( )]TJ 0.025 Tc 0 Tw T* (ended 30 June 2020 and 2019.)Tj 0.038 Tc 0.07 Tw 0 -2.462 TD [(The)12.7 ( calculation)12.7 ( of)12.6 ( the)12.7 ( diluted)12.7 ( earnings)12.7 ( per)12.6 ( share)12.7 ( amount)12.7 ( is)12.6 ( based)12.7 ( on)12.7 ( the)12.7 ( profit)13 ( )]TJ 0.031 Tc 0.077 Tw 0 -1.231 TD [(for)6.1 ( )0.5 (the)6 ( )0.5 (six)6 ( )0.5 (months)6 ( )0.5 (ended)6 ( )0.5 (3)6 (0)6 ( )0.5 (June)6 ( )0.5 (2)6 (0)6 (2)6 (0)6 ( )0.5 (and)6 ( )0.5 (2)6 (0)6 (1)6 (9)6 ( )0.5 (attributable)6.1 ( )0.5 (to)6 ( )0.5 (ordinary)6.1 ( )0.5 (equity)6 ( )]TJ 0.025 Tc 0.003 Tw 0 -1.231 TD (holders of the parent, adjusted to reflect the interest on the convertib\ le bonds. The )Tj 0.017 Tw T* [(weighted )0.5 (average number )0.5 (of )0.5 (ordinary shares )0.5 (used )0.5 (in )0.5 (the )0.5 (calculation is )0.5 (the )0.5 (number )]TJ 0.024 Tc 0 Tw T* [(of ordinary shares in issue during the six months ended 30 June 2020 and\ 2019, as)-1 ( )]TJ 0.025 Tc 0.008 Tw T* (used in the basic earnings per share calculation, and the weighted avera\ ge number )Tj 0 Tw T* (of ordinary shares assumed to have been issued at no consideration on th\ e deemed )Tj 0.053 Tc 0.07 Tw T* [(exercise)12.3 ( or)12.3 ( conversion)12.3 ( of)12.4 ( all)12.3 ( dilutive)12.3 ( potential)12.3 ( ordinary)12.3 ( shares)12.3 ( into)12.3 ( ordinary)28.1 ( )]TJ 0.025 Tc -0.025 Tw T* (shares.)Tj ET endstream endobj 144 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 17 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(8. )-1105.5 (INCOME TAX)]TJ /T1_0 1 Tf 0.046 Tc 0.07 Tw 2.181 -2.462 Td [(The)12.3 ( Group)12.3 ( is)12.3 ( subject)12.4 ( to)12.3 ( income)12.4 ( tax)12.3 ( on)12.3 ( an)12.3 ( entity)12.3 ( basis)12.3 ( on)12.3 ( profits)12.3 ( arising)12.3 ( in)12.3 ( or)21 ( )]TJ 0.025 Tc 0.058 Tw 0 -1.231 TD [(derived )0.5 (from the )0.5 (jurisdictions in )0.5 (which )0.5 (members of )0.5 (the )0.5 (Group are domiciled )0.5 (and )]TJ -0.025 Tw T* (operate.)Tj /T1_1 1 Tf 0 Tw 22.67 -2.462 Td (For the six months ended )Tj 3.948 -1.231 Td (30 June)Tj -0.025 Tw -0.783 -1.231 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 632.4089 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 616.4089 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj 0 Tw -29.806 -2.462 Td (Current corporate income tax)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (36,519)Tj /T1_0 1 Tf 6.978 0 Td (77,733)Tj 0 Tw -32.013 -1.231 Td (Deferred tax)Tj /T1_1 1 Tf -0.025 Tw 25.177 0 Td (\(2,804\))Tj /T1_0 1 Tf 6.836 0 Td (12,785)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.504 563.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 565.3999 Tm ( )Tj ET q 1 0 0 1 459.2126 563.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 565.3999 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.311 -2.462 Td (33,715)Tj /T1_0 1 Tf 6.978 0 Td (90,518)Tj ET 2.5 w q 1 0 0 1 368.504 527.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 524.5028 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 525.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 527.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 524.5028 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 525.7363 Tm ( )Tj 0.025 Tc 0.018 Tw -28.346 -2.335 Td (The subsidiaries incorporated in Hong Kong were subject to profits tax a\ t the rate )Tj 0.035 Tc 0.073 Tw T* [(of)10 ( )0.5 (1)10 (6)10 (.)10 (5)10 (%)10 ( )0.6 (during)10 ( )0.5 (the)10 ( )0.5 (Reporting)10 ( )0.5 (Period.)10 ( )0.6 (No)10 ( )0.5 (provision)10 ( )0.5 (for)10 ( )0.5 (Hong)10 ( )0.5 (Kong)10 ( )0.5 (profits)10 ( )0.5 (tax)10 ( )]TJ 0.025 Tc 0.023 Tw T* [(has )0.5 (been )0.5 (made )0.5 (as )0.6 (all )0.5 (the )0.5 (profits )0.5 (were )0.5 (derived )0.5 (from )0.6 (offshore, )0.5 (and )0.5 (were )0.6 (not )0.5 (taxable )]TJ 0 Tw T* (in Hong Kong.)Tj 0.051 Tc 0.07 Tw 0 -2.462 TD [(Provision)12.4 ( for)12.4 ( Mainland)12.3 ( China)12.4 ( current)12.4 ( income)12.4 ( tax)12.4 ( was)12.4 ( based)12.4 ( on)12.4 ( the)12.3 ( statutory)25.9 ( )]TJ 0.042 Tc 0 -1.231 TD [(rate)12.6 ( of)12.6 ( 2)12.6 (5)12.7 (%)12.6 ( of)12.6 ( the)12.7 ( assessable)12.6 ( profits)12.6 ( for)12.6 ( the)12.6 ( Reporting)12.7 ( Period)12.6 ( of)12.6 ( the)12.6 ( Group)12.7 ( as)17 ( )]TJ 0.029 Tc 0.079 Tw T* [(determined)4 ( )0.5 (in)4 ( )0.5 (accordance)4 ( )0.5 (with)4 ( )0.5 (the)4 ( )0.5 (PRC)4 ( )0.5 (Corporate)4 ( )0.5 (Income)4 ( )0.5 (Tax)4 ( )0.5 (Law,)4 ( )0.5 (which)4 ( )0.5 (was)4 ( )]TJ 0.058 Tc 0.071 Tw T* [(approved)12 ( )0.5 (and)12.1 ( )0.5 (became)12.1 ( )0.5 (effective)12.1 ( )0.5 (on)12 ( )0.6 (1)12 ( )0.6 (January)12 ( )0.6 (2)12 (0)12 (0)12.1 (8)12 (,)12.1 ( )0.5 (except)12 ( )0.6 (for)12 ( )0.6 (the)12 ( )0.6 (Company)32.9 ( )]TJ 0.028 Tc 0.08 Tw T* [(and)3 ( )0.5 (certain)3 ( subsidiaries)3 ( )0.5 (of)3 ( )0.5 (the)3 ( )0.5 (Group)3.1 ( )0.5 (in)3 ( )0.5 (Mainland)3 ( )0.5 (China,)3 ( )0.5 (which)3 ( )0.5 (were)3 ( )0.6 (taxed)3 ( )0.5 (at)3.1 ( )0.5 (a)3 ( )]TJ 0.025 Tc 0 Tw T* (preferential rate of 15%.)Tj 0.057 Tc 0.069 Tw 0 -2.462 TD [(T)0.5 (h)0.5 (e)13 ( )-0.6 (C)0.5 (o)0.5 (m)0.5 (p)0.5 (a)0.5 (n)0.5 (y)13 ( )-0.6 (h)0.5 (a)0.5 (s)13 ( b)0.5 (e)0.5 (e)0.5 (n)12.9 ( r)0.5 (e)0.5 (c)0.5 (o)0.5 (g)0.5 (ni)0.5 (s)0.5 (e)0.5 (d)13 ( a)0.5 (s)13 ( )-0.6 (a)13 ( h)0.5 (i)0.5 (g)0.5 (h)12.9 ( a)0.5 (n)0.5 (d)13 ( ne)0.5 (w)13 ( t)0.5 (e)0.5 (c)0.5 (h)0.5 (n)0.5 (ol)0.5 (o)0.5 (g)0.5 (y)13 ( )-0.6 (e)0.5 (n)0.5 (t)0.5 (e)0.5 (r)0.5 (p)0.5 (r)0.5 (is)0.5 (e)32 ( )]TJ 0.077 Tc -0.077 Tw 0 -1.231 TD (\(\223)Tj /T1_1 1 Tf 0.93 0 Td [(HNT)0.5 (E)]TJ /T1_0 1 Tf 0.07 Tw [(\224\),)12.9 ( )0.5 (and)12.9 ( su)0.5 (ch)12.9 ( sta)0.5 (tus)12.9 ( w)0.5 (ill)12.9 ( exp)0.5 (ire)12.9 ( o)0.5 (n)12.9 ( 1)12.9 (2)12.9 ( Au)0.5 (gust)12.9 ( 2)13 (0)12.9 (2)12.9 (1)12.9 (.)12.9 ( Ba)0.5 (sed)12.9 ( on)13 ( the)52 ( )]TJ 0.025 Tc 0.04 Tw -0.93 -1.231 Td (Enterprise Income Tax Law and related regulations, the applicable tax ra\ te of the )Tj 0.022 Tw T* (Company is 15% provided that the Company complies with the conditions se\ t out )Tj 0.066 Tw T* (in the relevant requirements. The subsidiaries are also recognised as HN\ TEs and )Tj 0 Tw T* (the effective periods are as follows:)Tj /T1_1 1 Tf -0.025 Tw 0 -2.462 TD (Name)Tj 0 Tw 27.709 0 Td (Effective period)Tj /T1_0 1 Tf -27.709 -2.462 Td (Fengxin Ganfeng Lithium Co., Ltd.)Tj -0.025 Tw 25.826 0 Td (2019/9/16\2262022/9/15)Tj 0 Tw -25.826 -1.231 Td (Yichun Ganfeng Lithium Co., Ltd.)Tj -0.025 Tw 25.826 0 Td (2018/8/13\2262021/8/12)Tj 0 Tw -25.826 -1.231 Td (Ganfeng Recycling Technology Co., Ltd.)Tj -0.025 Tw 25.826 0 Td (2018/8/13\2262021/8/12)Tj 0 Tw -25.826 -1.231 Td (Jiangxi Ganfeng Battery Technology Co., Ltd.)Tj -0.025 Tw 25.826 0 Td (2018/12/4\2262021/12/3)Tj 0 Tw -25.826 -1.231 Td (Dongguan Ganfeng Electronics Co., Ltd.)Tj -0.025 Tw 25.993 0 Td (2019/12/2-2022/12/1)Tj ET endstream endobj 143 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 16 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(7. )-1105.5 (PROFIT BEFORE TAX)]TJ /T1_0 1 Tf 2.181 -2.462 Td (The Group\222s profit before tax is arrived at after charging/\(creditin\ g\):)Tj /T1_1 1 Tf 22.67 -2.462 Td (For the six months ended )Tj 3.948 -1.231 Td (30 June)Tj -0.025 Tw -0.783 -1.231 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 664.409 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 648.409 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj 0 Tw -29.806 -2.462 Td (Cost of sales and services)Tj /T1_1 1 Tf -0.025 Tw 23.71 0 Td (1,912,838)Tj /T1_0 1 Tf 6.978 0 Td (2,094,054)Tj 0 Tw -30.688 -1.231 Td (Cost of raw materials sold)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (3,812)Tj /T1_0 1 Tf 6.453 0 Td (11,372)Tj 0 Tw -32.013 -1.231 Td (Impairment of financial assets, net:)Tj 1.003 -1.231 Td (Impairment of trade receivables, net)Tj /T1_1 1 Tf -0.025 Tw 24.032 0 Td (14,961)Tj /T1_0 1 Tf 7.503 0 Td (6,785)Tj 0 Tw -31.535 -1.231 Td (Impairment of financial assets included in )Tj 1.003 -1.231 Td (prepayments, other receivables and other )Tj 0 -1.231 TD (assets, net)Tj /T1_1 1 Tf -0.025 Tw 23.029 0 Td (63,551)Tj /T1_0 1 Tf 8.303 0 Td (534)Tj 0 Tw -33.338 -1.231 Td (Write-down of/\(reversal of write-down of\) )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (inventories to net realisable value)Tj /T1_1 1 Tf -0.025 Tw 24.557 0 Td (9,273)Tj /T1_0 1 Tf 6.595 0 Td (\(1,479\))Tj 0.023 Tc 0 Tw -32.155 -1.231 Td [(Depreciation of property, plant and equipment and)-2 ( )]TJ 0.025 Tc 1.003 -1.231 Td (investment properties)Tj /T1_1 1 Tf -0.025 Tw 23.507 0 Td (125,605)Tj /T1_0 1 Tf 7.503 0 Td (95,398)Tj 0 Tw -32.013 -1.231 Td (Depreciation of right-of-use assets)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (5,091)Tj /T1_0 1 Tf 6.978 0 Td (5,514)Tj 0 Tw -32.538 -1.231 Td (Amortisation of intangible assets)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (4,604)Tj /T1_0 1 Tf 6.978 0 Td (6,213)Tj 0 Tw -32.538 -1.231 Td (Fair value losses, net:)Tj 1.003 -1.231 Td (Financial assets at fair value through )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.231 Td (profit or loss)Tj /T1_1 1 Tf -0.025 Tw 23.029 0 Td (62,609)Tj /T1_0 1 Tf 6.453 0 Td (118,578)Tj 0 Tw -31.488 -1.231 Td (Gain on disposal of financial assets at fair value )Tj 1.003 -1.231 Td (through profit or loss)Tj /T1_1 1 Tf -0.025 Tw 23.649 0 Td (\(24,999\))Tj /T1_0 1 Tf 0 Tc 0 Tw 9.736 0 Td (\226)Tj 0.025 Tc -34.388 -1.231 Td (Net loss on disposal of items of property, plant )Tj 1.003 -1.231 Td (and equipment)Tj /T1_1 1 Tf -0.025 Tw 25.882 0 Td (81)Tj /T1_0 1 Tf 5.653 0 Td (7,825)Tj 0 Tw -32.538 -1.231 Td (Research and development costs:)Tj 1.003 -1.231 Td (Current year expenditure)Tj /T1_1 1 Tf -0.025 Tw 24.032 0 Td (47,008)Tj /T1_0 1 Tf 6.978 0 Td (36,847)Tj 0 Tw -32.013 -1.231 Td (Bank charges)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (5,019)Tj /T1_0 1 Tf 6.978 0 Td (1,270)Tj 0 Tw -32.538 -1.231 Td (Foreign exchange differences, net)Tj /T1_1 1 Tf -0.025 Tw 24.652 0 Td (\(10,227\))Tj /T1_0 1 Tf 7.886 0 Td (7,570)Tj ET 0 0 0 1 K 2.5 w q 1 0 0 1 368.5041 242.8445 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 239.512 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8348 240.7455 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 242.8445 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2128 239.512 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5435 240.7455 Tm ( )Tj ET endstream endobj 25 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 26 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 27 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 28 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 29 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 152 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 15 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(6. )-1105.5 (FINANCE COSTS)]TJ /T1_0 1 Tf 2.181 -2.308 Td (An analysis of finance costs from continuing operations is as follows:)Tj /T1_1 1 Tf 22.67 -2.308 Td (For the six months ended )Tj 3.948 -1.154 Td (30 June)Tj -0.025 Tw -0.783 -1.154 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 671.4089 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 381.7826 656.4089 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj 0 Tw -30.139 -2.308 Td (Interest expense on bank borrowings and )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.154 Td (other loans)Tj /T1_1 1 Tf -0.025 Tw 24.032 0 Td (72,420)Tj /T1_0 1 Tf 6.978 0 Td (53,209)Tj 0 Tw -32.013 -1.154 Td (Interest on other liabilities)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (10,849)Tj /T1_0 1 Tf 7.503 0 Td (9,910)Tj 0 Tw -32.538 -1.154 Td (Interest expense on discounted bills)Tj /T1_1 1 Tf -0.025 Tw 25.56 0 Td (8,364)Tj /T1_0 1 Tf 6.978 0 Td (8,104)Tj 0 Tw -32.538 -1.154 Td (Interest expense on lease liabilities)Tj /T1_1 1 Tf -0.025 Tw 26.36 0 Td (622)Tj /T1_0 1 Tf 6.978 0 Td (723)Tj 0 Tw -33.338 -1.154 Td (Interest expense on convertible bonds)Tj /T1_1 1 Tf -0.025 Tw 25.035 0 Td (28,661)Tj /T1_0 1 Tf 6.978 0 Td (26,232)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.5039 546.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 548.3999 Tm ( )Tj ET q 1 0 0 1 459.2126 546.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 548.3999 Tm ( )Tj 0.025 Tc -28.346 -2.308 Td (Total interest expense)Tj /T1_1 1 Tf -0.025 Tw 24.51 0 Td (120,916)Tj /T1_0 1 Tf 7.503 0 Td (98,178)Tj 0 Tw -32.013 -1.154 Td (Less: Interest capitalised, in respect of convertible )Tj -0.025 Tw 1.003 -1.154 Td (bonds)Tj /T1_1 1 Tf 25.499 0 Td (\(36\))Tj /T1_0 1 Tf 5.653 0 Td (\(2,292\))Tj ET q 1 0 0 1 368.504 483.9898 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 485.3908 Tm ( )Tj ET q 1 0 0 1 459.2126 483.9898 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 485.3908 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.308 Td (120,880)Tj /T1_0 1 Tf 7.503 0 Td (95,886)Tj ET 2.5 w q 1 0 0 1 368.504 449.8263 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 446.4937 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 447.7272 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 449.8263 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 446.4937 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 447.7272 Tm ( )Tj ET endstream endobj 151 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 14 \226)Tj /T1_1 1 Tf 13 0 0 13 85.0394 776.409 Tm [(\(b\) )-608.5 (Other income and gains)]TJ 22.67 -2.385 Td (For the six months ended )Tj 3.948 -1.192 Td (30 June)Tj -0.025 Tw -0.783 -1.192 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4325 698.909 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 683.409 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj 0 Tw -27.625 -2.385 Td (Gain on disposal of financial assets at fair )Tj 1.003 -1.192 Td (value through profit or loss)Tj /T1_1 1 Tf -0.025 Tw 21.852 0 Td (24,999)Tj /T1_0 1 Tf 8.303 0 Td (565)Tj 0 Tw -31.157 -1.192 Td (Dividends and interest from financial assets )Tj 1.003 -1.192 Td (at fair value through profit or loss)Tj /T1_1 1 Tf -0.025 Tw 22.377 0 Td (1,079)Tj /T1_0 1 Tf 6.453 0 Td (10,561)Tj 0 Tw -29.832 -1.192 Td (Sale of raw materials)Tj /T1_1 1 Tf -0.025 Tw 23.38 0 Td (8,253)Tj /T1_0 1 Tf 6.453 0 Td (14,136)Tj 0 Tw -29.832 -1.192 Td (Government grants)Tj /T1_1 1 Tf -0.025 Tw 22.855 0 Td (29,471)Tj /T1_0 1 Tf 6.978 0 Td (30,010)Tj 0 Tw -29.832 -1.192 Td (Bank interest income)Tj /T1_1 1 Tf -0.025 Tw 22.855 0 Td (18,599)Tj /T1_0 1 Tf 6.978 0 Td (45,375)Tj 0 Tw -29.832 -1.192 Td (Interest income from associates)Tj /T1_1 1 Tf -0.025 Tw 22.855 0 Td (39,921)Tj /T1_0 1 Tf 6.978 0 Td (20,962)Tj 0 Tw -29.832 -1.192 Td (Reversal of write-down of inventories to net )Tj 1.003 -1.192 Td (realizable value)Tj /T1_1 1 Tf 0 Tc 24.227 0 Td (\226)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 5.128 0 Td (1,479)Tj 0 Tw -30.357 -1.192 Td (Foreign exchange differences, net)Tj /T1_1 1 Tf -0.025 Tw 22.855 0 Td (10,227)Tj /T1_0 1 Tf 0 Tc 0 Tw 9.353 0 Td (\226)Tj 0.025 Tc -0.025 Tw -32.207 -1.192 Td (Others)Tj /T1_1 1 Tf 23.38 0 Td (1,589)Tj /T1_0 1 Tf 7.778 0 Td (657)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.5039 477.4989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8346 478.8998 Tm ( )Tj ET q 1 0 0 1 459.2125 477.4989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5432 478.8998 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.385 Td (134,138)Tj /T1_0 1 Tf 6.978 0 Td (123,745)Tj ET 2.5 w q 1 0 0 1 368.5039 442.3353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5039 439.0028 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8346 440.2363 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 442.3353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 439.0028 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 440.2363 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -1.873 Td [(5. )-1105.5 (OTHER EXPENSES)]TJ /T1_0 1 Tf 2.18 -1.923 Td (An analysis of other expenses is as follows:)Tj /T1_1 1 Tf 22.234 -2.154 Td (For the six months ended )Tj 3.948 -1.192 Td (30 June)Tj -0.025 Tw -0.783 -1.192 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 384.7631 316.3872 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 371.7844 300.8872 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj 0 Tw -29.37 -2.385 Td (Fair value losses of financial assets at fair value )Tj 1.003 -1.192 Td (through profit or loss)Tj /T1_1 1 Tf -0.025 Tw 23.596 0 Td (62,609)Tj /T1_0 1 Tf 6.453 0 Td (119,143)Tj 0 Tw -31.052 -1.192 Td (Cost of raw materials sold)Tj /T1_1 1 Tf -0.025 Tw 25.124 0 Td (3,812)Tj /T1_0 1 Tf 6.453 0 Td (11,372)Tj 0 Tw -31.577 -1.192 Td (Impairment of trade receivables, net)Tj /T1_1 1 Tf -0.025 Tw 24.599 0 Td (14,961)Tj /T1_0 1 Tf 7.503 0 Td (6,785)Tj 0 Tw -32.102 -1.192 Td (Impairment of financial assets included in )Tj 1.003 -1.192 Td (prepayments, other receivables and other )Tj 0 -1.192 TD (assets, net)Tj /T1_1 1 Tf -0.025 Tw 23.596 0 Td (63,551)Tj /T1_0 1 Tf 8.303 0 Td (534)Tj 0 Tw -32.902 -1.192 Td (Write-down of inventories to net realizable value)Tj /T1_1 1 Tf -0.025 Tw 25.124 0 Td (9,273)Tj /T1_0 1 Tf 0 Tc 0 Tw 8.828 0 Td (\226)Tj 0.025 Tc -33.952 -1.192 Td (Net loss on disposal of items of property,plant )Tj 1.003 -1.192 Td (and equipment)Tj /T1_1 1 Tf -0.025 Tw 25.446 0 Td (81)Tj /T1_0 1 Tf 5.653 0 Td (7,825)Tj 0 Tw -32.102 -1.192 Td (Exploration expenditure)Tj /T1_1 1 Tf -0.025 Tw 25.124 0 Td (7,097)Tj /T1_0 1 Tf 6.978 0 Td (2,095)Tj 0 Tw -32.102 -1.192 Td (Foreign exchange differences, net)Tj /T1_1 1 Tf 0 Tc 26.974 0 Td (\226)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 5.128 0 Td (7,570)Tj -32.102 -1.192 Td (Others)Tj /T1_1 1 Tf 25.124 0 Td (2,616)Tj /T1_0 1 Tf 6.978 0 Td (3,864)Tj ET 0.5 w q 1 0 0 1 362.8346 79.4772 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 357.1653 80.8781 Tm ( )Tj ET q 1 0 0 1 453.5432 79.4772 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 447.874 80.8781 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.385 Td (164,000)Tj /T1_0 1 Tf 6.978 0 Td (159,188)Tj ET 2.5 w q 1 0 0 1 362.8346 44.3136 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 362.8346 40.9811 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 357.1653 42.2146 Tm ( )Tj ET 2.5 w q 1 0 0 1 453.5432 44.3136 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 453.5433 40.9811 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 447.874 42.2146 Tm ( )Tj ET endstream endobj 150 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 13 \226)Tj /T1_1 1 Tf 13 0 0 13 113.3858 776.409 Tm (For the six months ended 30 June 2019)Tj /T1_0 1 Tf -0.025 Tw 11.7 0 0 13 113.3858 712.4089 Tm (Segments)Tj 14.071 2.462 Td (Lithium )Tj 0 Tw -0.743 -1.231 Td (metal and )Tj -0.025 Tw -0.281 -1.231 Td (compound)Tj 7.323 1.231 Td (Lithium )Tj 0.446 -1.231 Td (battery)Tj 0 Tw 4.226 1.231 Td (Lithium ore )Tj -0.025 Tw 1.438 -1.231 Td (resource)Tj 7.65 0 Td (Total)Tj 11.7 0 3.4833 13 266.9363 696.4089 Tm (RMB\222000)Tj 6.299 0 Td (RMB\222000)Tj 6.299 0 Td (RMB\222000)Tj 6.299 0 Td (RMB\222000)Tj 11.7 0 0 13 258.0217 680.4089 Tm (\(Unaudited\))Tj 6.299 0 Td (\(Unaudited\))Tj 6.299 0 Td (\(Unaudited\))Tj 6.299 0 Td (\(Unaudited\))Tj /T1_1 1 Tf 0 Tw -31.26 -2.462 Td (Type of goods or services)Tj /T1_0 1 Tf 0 -1.231 TD (Sale of goods)Tj -0.025 Tw 13.244 0 Td (2,497,248)Tj 7.099 0 Td (267,534)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,764,782)Tj 0 Tw -32.142 -1.231 Td (Processing services)Tj -0.025 Tw 14.569 0 Td (37,457)Tj 0 Tc 0 Tw 8.674 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.924 0 Td (37,457)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 611.9989 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4488 613.3999 Tm ( )Tj ET q 1 0 0 1 328.8189 611.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1496 613.3999 Tm ( )Tj ET q 1 0 0 1 402.5197 611.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8504 613.3999 Tm ( )Tj ET q 1 0 0 1 476.2205 611.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 613.3999 Tm ( )Tj 0.025 Tc 11.7 0 0 13 113.3858 581.3999 Tm (Total revenue from )Tj 1.114 -1.231 Td (contracts with customers)Tj -0.025 Tw 12.13 0 Td (2,534,705)Tj 7.099 0 Td (267,534)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,802,239)Tj ET 2.5 w q 1 0 0 1 255.1181 559.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 556.5028 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4488 557.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8189 559.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8189 556.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1496 557.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5197 559.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5197 556.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8504 557.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2205 559.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2205 556.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 557.7363 Tm ( )Tj /T1_1 1 Tf 0.025 Tc 11.7 0 0 13 113.3858 525.7363 Tm (Geographical markets)Tj /T1_0 1 Tf T* (Mainland China)Tj -0.025 Tw 13.244 0 Td (1,543,248)Tj 7.099 0 Td (227,969)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (1,771,217)Tj -32.142 -1.231 Td (Asia)Tj 14.044 0 Td (944,749)Tj 6.824 0 Td (39,565)Tj 0 Tc 0 Tw 8.674 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.399 0 Td (984,314)Tj -32.942 -1.231 Td (Europe)Tj 14.569 0 Td (31,598)Tj 0 Tc 0 Tw 8.674 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.924 0 Td (31,598)Tj 0 Tw -33.467 -1.231 Td (North America)Tj -0.025 Tw 14.569 0 Td (10,050)Tj 0 Tc 0 Tw 8.674 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.924 0 Td (10,050)Tj 0 Tw -33.467 -1.231 Td (Other countries/regions)Tj -0.025 Tw 15.094 0 Td (5,060)Tj 0 Tc 0 Tw 8.149 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 4.449 0 Td (5,060)Tj ET 0.5 w q 1 0 0 1 255.1182 441.3263 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4489 442.7272 Tm ( )Tj ET q 1 0 0 1 328.8189 441.3263 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 442.7272 Tm ( )Tj ET q 1 0 0 1 402.5197 441.3263 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8505 442.7272 Tm ( )Tj ET q 1 0 0 1 476.2205 441.3263 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 442.7272 Tm ( )Tj 0.025 Tc 11.7 0 0 13 113.3859 410.7273 Tm (Total revenue from )Tj 1.114 -1.231 Td (contracts with customers)Tj -0.025 Tw 12.13 0 Td (2,534,705)Tj 7.099 0 Td (267,534)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,802,239)Tj ET 2.5 w q 1 0 0 1 255.1182 389.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1182 385.8302 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4489 387.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8189 389.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.819 385.8302 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 387.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5197 389.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5198 385.8302 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8505 387.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2205 389.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2206 385.8302 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 387.0637 Tm ( )Tj /T1_1 1 Tf 0.025 Tc 11.7 0 0 13 113.3859 355.0637 Tm (Timing of revenue )Tj -0.025 Tw 1.114 -1.231 Td (recognition)Tj /T1_0 1 Tf 0 Tw -1.114 -1.231 Td (At a point in time)Tj -0.025 Tw 13.244 0 Td (2,534,705)Tj 7.099 0 Td (267,534)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,802,239)Tj ET 2.5 w q 1 0 0 1 255.1182 317.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1182 314.1667 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4489 315.4001 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8189 317.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.819 314.1667 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 315.4001 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5197 317.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5198 314.1667 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8505 315.4001 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2205 317.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2206 314.1667 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 315.4001 Tm ( )Tj ET endstream endobj 149 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 12 \226)Tj /T1_1 1 Tf 0.052 Tc 0.07 Tw 13 0 3.4833 13 112.0517 776.409 Tm [(Disaggregated)12.3 ( revenue)12.4 ( information)12.3 ( for)12.3 ( revenue)12.3 ( from)12.4 ( contracts)12.3 ( with)27 ( )]TJ 0.025 Tc -0.025 Tw 0.33 -1.231 Td (customers)Tj 0 Tw 13 0 0 13 113.3858 728.409 Tm (For the six months ended 30 June 2020)Tj -0.025 Tw 11.7 0 0 13 113.3858 664.4089 Tm (Segments)Tj 13.793 2.462 Td (Lithium )Tj 0 Tw -0.799 -1.231 Td (metal and )Tj -0.025 Tw -0.226 -1.231 Td (compound)Tj 7.324 1.231 Td (Lithium)Tj 0.391 -1.231 Td (battery)Tj 5.908 1.231 Td (Lithium)Tj 0 Tw -1.927 -1.231 Td (ore resource)Tj -0.025 Tw 9.499 0 Td (Total)Tj 11.7 0 3.4833 13 265.6496 648.4089 Tm (RMB\222000)Tj 6.299 0 Td (RMB\222000)Tj 6.299 0 Td (RMB\222000)Tj 6.299 0 Td (RMB\222000)Tj 11.7 0 0 13 254.1021 632.4089 Tm (\(Unaudited\) )Tj 6.299 0 Td (\(Unaudited\) )Tj 6.299 0 Td (\(Unaudited\) )Tj 6.299 0 Td (\(Unaudited\) )Tj 0.021 Tc 0 Tw -30.925 -2.462 Td (Types of goods or services)Tj /T1_0 1 Tf 0.025 Tc 0 -1.231 TD (Sale of industrial products)Tj /T1_1 1 Tf -0.025 Tw 13.244 0 Td (1,935,562)Tj 7.099 0 Td (415,732)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,351,294)Tj /T1_0 1 Tf 0 Tw -32.142 -1.231 Td (Processing services)Tj /T1_1 1 Tf -0.025 Tw 14.569 0 Td (23,312)Tj 0 Tc 0 Tw 8.674 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.924 0 Td (23,312)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 563.9989 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4489 565.3999 Tm ( )Tj ET q 1 0 0 1 328.8189 563.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 565.3999 Tm ( )Tj ET q 1 0 0 1 402.5197 563.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8505 565.3999 Tm ( )Tj ET q 1 0 0 1 476.2205 563.9989 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 565.3999 Tm ( )Tj /T1_0 1 Tf 0.025 Tc 11.7 0 0 13 113.3859 533.3999 Tm (Total revenue from )Tj 1.114 -1.231 Td (contracts with customers)Tj /T1_1 1 Tf -0.025 Tw 12.13 0 Td (1,958,874)Tj 7.099 0 Td (415,732)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,374,606)Tj ET 2.5 w q 1 0 0 1 255.1182 511.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1182 508.5028 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4489 509.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8189 511.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.819 508.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1497 509.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5197 511.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5198 508.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8505 509.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2205 511.8353 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2206 508.5028 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5512 509.7363 Tm ( )Tj 0.025 Tc 11.7 0 0 13 113.3859 477.7363 Tm (Geographical markets)Tj /T1_0 1 Tf T* (Mainland China)Tj /T1_1 1 Tf -0.025 Tw 13.244 0 Td (1,069,068)Tj 7.099 0 Td (413,584)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (1,482,652)Tj /T1_0 1 Tf -32.142 -1.231 Td (Asia)Tj /T1_1 1 Tf 14.044 0 Td (840,644)Tj 7.349 0 Td (2,053)Tj 0 Tc 0 Tw 8.149 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.399 0 Td (842,697)Tj /T1_0 1 Tf -32.942 -1.231 Td (Europe)Tj /T1_1 1 Tf 14.569 0 Td (33,092)Tj 0 Tc 0 Tw 8.674 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.924 0 Td (33,092)Tj /T1_0 1 Tf 0 Tw -33.467 -1.231 Td (North America)Tj /T1_1 1 Tf -0.025 Tw 14.569 0 Td (14,123)Tj 8.149 0 Td (95)Tj 0 Tc 0 Tw 6.824 0 Td (\226)Tj 0.025 Tc -0.025 Tw 3.924 0 Td (14,218)Tj /T1_0 1 Tf 0 Tw -33.467 -1.231 Td (Other countries/regions)Tj /T1_1 1 Tf -0.025 Tw 15.094 0 Td (1,947)Tj 0 Tc 0 Tw 8.149 0 Td (\226)Tj 6.299 0 Td (\226)Tj 0.025 Tc -0.025 Tw 4.449 0 Td (1,947)Tj ET 0.5 w q 1 0 0 1 255.1183 393.3263 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.449 394.7272 Tm ( )Tj ET q 1 0 0 1 328.8191 393.3263 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1498 394.7272 Tm ( )Tj ET q 1 0 0 1 402.5199 393.3263 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8506 394.7272 Tm ( )Tj ET q 1 0 0 1 476.2206 393.3263 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5514 394.7272 Tm ( )Tj /T1_0 1 Tf 0.025 Tc 11.7 0 0 13 113.386 362.7273 Tm (Total revenue from )Tj 1.114 -1.231 Td (contracts with customers)Tj /T1_1 1 Tf -0.025 Tw 12.13 0 Td (1,958,874)Tj 7.099 0 Td (415,732)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,374,606)Tj ET 2.5 w q 1 0 0 1 255.1183 341.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1183 337.8302 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.449 339.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8191 341.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8191 337.8302 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1498 339.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5199 341.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5199 337.8302 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8506 339.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2206 341.1627 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2207 337.8302 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5514 339.0637 Tm ( )Tj 0.025 Tc 11.7 0 0 13 113.386 307.0637 Tm (Timing of revenue )Tj -0.025 Tw 1.114 -1.231 Td (recognition)Tj /T1_0 1 Tf 0 Tw -1.114 -1.231 Td (At a point in time)Tj /T1_1 1 Tf -0.025 Tw 13.244 0 Td (1,958,874)Tj 7.099 0 Td (415,732)Tj 0 Tc 0 Tw 9.199 0 Td (\226)Tj 0.025 Tc -0.025 Tw 2.599 0 Td (2,374,606)Tj ET 2.5 w q 1 0 0 1 255.1183 269.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1183 266.1667 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.449 267.4001 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8191 269.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8191 266.1667 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1498 267.4001 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5199 269.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5199 266.1667 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8506 267.4001 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2206 269.4992 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2207 266.1667 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5514 267.4001 Tm ( )Tj ET endstream endobj 148 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 11 \226)Tj 0.039 Tc 0.07 Tw 13 0 0 13 85.0394 776.3179 Tm [(The)12.3 ( following)12.2 ( table)12.2 ( presents)12.2 ( the)12.2 ( asset)12.2 ( and)12.3 ( liability)12.2 ( information)12.2 ( of)12.3 ( the)12.2 ( Group\222s)14 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (operating segments as at 30 June 2020 and 31 December 2019, respectively\ .)Tj /T1_1 1 Tf -0.025 Tw 14.229 -2.462 Td (Lithium )Tj 0 Tw -0.799 -1.231 Td (metal and )Tj -0.025 Tw -0.226 -1.231 Td (compound)Tj 6.694 1.231 Td (Lithium )Tj 0.391 -1.231 Td (battery)Tj 0 Tw 3.696 1.231 Td (Lithium ore )Tj -0.025 Tw 1.393 -1.231 Td (resource)Tj 7.131 0 Td (Total)Tj /T1_0 1 Tf 13 0 3.4833 13 261.4685 680.318 Tm (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj /T1_1 1 Tf 0 Tw 13 0 0 13 85.0393 648.318 Tm (Segment assets )Tj /T1_0 1 Tf T* (30 June 2020 \(unaudited\))Tj -0.025 Tw 13.68 0 Td (9,113,900)Tj 5.669 0 Td (1,490,634)Tj 5.669 0 Td (5,406,385)Tj 5.144 0 Td (16,010,919)Tj ET 0 0 0 1 K 2.5 w q 1 0 0 1 255.1181 626.7534 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 623.4209 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 310.3303 624.6544 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8188 626.7534 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8188 623.4209 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 384.031 624.6544 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5196 626.7534 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5197 623.4209 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 457.7318 624.6544 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2204 626.7534 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 623.4209 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 531.4326 624.6544 Tm ( )Tj 0.025 Tc -34.338 -2.462 Td (31 December 2019 \(audited\))Tj -0.025 Tw 13.68 0 Td (7,763,606)Tj 5.669 0 Td (1,384,867)Tj 5.669 0 Td (5,064,559)Tj 5.144 0 Td (14,213,032)Tj ET 2.5 w q 1 0 0 1 255.1181 587.0899 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 583.7574 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 310.3303 584.9909 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8188 587.0899 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8188 583.7574 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 384.031 584.9909 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5196 587.0899 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5197 583.7574 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 457.7318 584.9909 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2204 587.0899 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 583.7574 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 531.4326 584.9909 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -34.338 -2.462 Td (Segment liabilities)Tj /T1_0 1 Tf T* (30 June 2020 \(unaudited\))Tj -0.025 Tw 13.68 0 Td (6,962,899)Tj 6.469 0 Td (506,482)Tj 5.669 0 Td (279,989)Tj 4.869 0 Td (7,749,370)Tj ET 2.5 w q 1 0 0 1 255.1181 531.4263 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 528.0938 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 310.3303 529.3273 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8188 531.4263 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8188 528.0938 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 384.031 529.3273 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5196 531.4263 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5197 528.0938 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 457.7318 529.3273 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2204 531.4263 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 528.0938 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 531.4326 529.3273 Tm ( )Tj 0.025 Tc -34.338 -2.462 Td (31 December 2019 \(audited\))Tj -0.025 Tw 13.68 0 Td (5,171,697)Tj 6.469 0 Td (367,946)Tj 5.669 0 Td (263,108)Tj 4.869 0 Td (5,802,751)Tj ET 2.5 w q 1 0 0 1 255.1181 491.7628 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 255.1181 488.4303 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 310.3303 489.6638 Tm ( )Tj ET 2.5 w q 1 0 0 1 328.8188 491.7628 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 328.8188 488.4303 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 384.031 489.6638 Tm ( )Tj ET 2.5 w q 1 0 0 1 402.5196 491.7628 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 402.5197 488.4303 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 457.7318 489.6638 Tm ( )Tj ET 2.5 w q 1 0 0 1 476.2204 491.7628 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 488.4303 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 531.4326 489.6638 Tm ( )Tj 0.025 Tc 0.06 Tw -34.338 -2.335 Td (Seasonal factors have no significant impact on the Group\222s segment re\ venue and )Tj 0 Tw T* (segment results.)Tj /T1_1 1 Tf -2.18 -2.462 Td [(4. )-1105.5 (REVENUE, OTHER INCOME AND GAINS)]TJ /T1_0 1 Tf 2.18 -2.462 Td (An analysis of revenue, other income and gains is as follows:)Tj /T1_1 1 Tf 0.665 Tw 0 -2.462 TD [(\(a\) )0.5 (Revenue)]TJ 0 Tw 22.67 -2.462 Td (For the six months ended )Tj 3.948 -1.231 Td (30 June)Tj -0.025 Tw -0.783 -1.231 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4324 267.3148 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 251.3148 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj 0 Tw 13 0 3.4833 13 112.0517 219.3148 Tm (Revenue from contracts with customers)Tj /T1_1 1 Tf -0.025 Tw 13 0 0 13 393.274 219.3148 Tm (2,374,606)Tj /T1_0 1 Tf 6.978 0 Td (2,802,239)Tj ET 2.5 w q 1 0 0 1 368.5039 213.7503 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5039 210.4178 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8346 211.6513 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 213.7503 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 210.4178 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 211.6513 Tm ( )Tj ET endstream endobj 20 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 21 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 22 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 23 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 24 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 157 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 10 \226)Tj 13 0 0 13 85.0394 754.8479 Tm (Six months ended )Tj 0 -1.231 TD (30 June 2019)Tj -0.025 Tw 14.507 2.462 Td (Lithium )Tj 0 Tw -0.743 -1.231 Td (metal and )Tj -0.025 Tw -0.281 -1.231 Td (compound)Tj 6.693 1.231 Td (Lithium )Tj 0.446 -1.231 Td (battery)Tj 0 Tw 3.596 1.231 Td (Lithium ore )Tj -0.025 Tw 1.438 -1.231 Td (resource)Tj 7.02 0 Td (Total)Tj 13 0 3.4833 13 261.4685 722.8479 Tm (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 13 0 0 13 251.415 706.8479 Tm (\(Unaudited\))Tj 5.669 0 Td (\(Unaudited\))Tj 5.669 0 Td (\(Unaudited\))Tj 5.669 0 Td (\(Unaudited\))Tj /T1_1 1 Tf 0 Tw -29.806 -2.462 Td (Segment revenue)Tj /T1_0 1 Tf 0 Tc ( )Tj 0.025 Tc 13 0 3.4833 13 187.1058 674.8479 Tm (\(note 4\))Tj 13 0 0 13 85.0393 658.8479 Tm (Sales to external customers)Tj -0.025 Tw 13.68 0 Td (2,534,705)Tj 6.469 0 Td (267,534)Tj 0 Tc 0 Tw 8.569 0 Td (\226)Tj 0.025 Tc -0.025 Tw 1.969 0 Td (2,802,239)Tj 0 Tw -30.688 -1.231 Td (Intersegment sales)Tj -0.025 Tw 15.53 0 Td (2,167)Tj 6.469 0 Td (403)Tj 0 Tc 0 Tw 6.719 0 Td (4)Tj 0.025 Tc -0.025 Tw 3.819 0 Td (2,574)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 638.4379 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 310.3303 639.8389 Tm ( )Tj ET q 1 0 0 1 328.8188 638.4379 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 384.031 639.8389 Tm ( )Tj ET q 1 0 0 1 402.5196 638.4379 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 457.7318 639.8389 Tm ( )Tj ET q 1 0 0 1 476.2204 638.4379 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 531.4326 639.8389 Tm ( )Tj 0.025 Tc -0.025 Tw -20.658 -2.462 Td (2,536,872)Tj 6.469 0 Td (267,937)Tj 0 Tc 0 Tw 8.569 0 Td (4)Tj 0.025 Tc -0.025 Tw 1.969 0 Td (2,804,813)Tj 13 0 3.4833 13 83.7052 575.8389 Tm (Reconciliation:)Tj 0 Tw 13 0 0 13 85.0393 559.8389 Tm (Elimination of intersegment )Tj -0.025 Tw 1.003 -1.231 Td (sales)Tj 31.152 0 Td (\(2,574\))Tj ET q 1 0 0 1 476.2204 539.4288 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 531.4326 540.8298 Tm ( )Tj 0.025 Tc -0.025 Tw -34.338 -2.462 Td (Revenue)Tj 30.688 0 Td (2,802,239)Tj ET 2.5 w q 1 0 0 1 476.2204 503.2652 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 499.9327 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 531.4326 501.1662 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -34.338 -2.462 Td (Segment results)Tj /T1_0 1 Tf -0.025 Tw 14.48 0 Td (429,158)Tj 5.811 0 Td (\(17,926\))Tj 6.577 0 Td (5,854)Tj 4.619 0 Td (417,086)Tj 13 0 3.4833 13 83.7052 437.1663 Tm (Reconciliation:)Tj 0 Tw 13 0 0 13 85.0393 421.1663 Tm (Elimination of intersegment )Tj -0.025 Tw 1.003 -1.231 Td (results)Tj 0 Tw -1.003 -1.231 Td (Interest income)Tj -0.025 Tw 32.013 0 Td (66,337)Tj 0 Tw -32.013 -1.231 Td (Finance costs \(other than )Tj 1.003 -1.231 Td (interest on lease liabilities\))Tj -0.025 Tw 30.627 0 Td (\(95,886\))Tj ET 0.5 w q 1 0 0 1 476.2204 352.7562 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 531.4326 354.1572 Tm ( )Tj 0.025 Tc -34.338 -2.462 Td (Profit before tax)Tj -0.025 Tw 31.488 0 Td (387,537)Tj ET 2.5 w q 1 0 0 1 476.2204 316.5927 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 313.2601 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 531.4326 314.4937 Tm ( )Tj ET endstream endobj 156 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 9 \226)Tj /T1_1 1 Tf 13 0 0 13 85.0394 754.8479 Tm (Six months ended )Tj 0 -1.231 TD (30 June 2020)Tj -0.025 Tw 14.229 2.462 Td (Lithium )Tj 0 Tw -0.799 -1.231 Td (metal and )Tj -0.025 Tw -0.226 -1.231 Td (compound)Tj 6.694 1.231 Td (Lithium )Tj 0.391 -1.231 Td (battery)Tj 5.278 1.231 Td (Lithium )Tj 0 Tw -1.582 -1.231 Td (ore resource)Tj -0.025 Tw 8.525 0 Td (Total)Tj 13 0 3.4833 13 260.0387 722.8479 Tm (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 5.669 0 Td (RMB\222000)Tj 13 0 0 13 249.4488 706.8479 Tm (\(Unaudited\))Tj 5.669 0 Td (\(Unaudited\))Tj 5.669 0 Td (\(Unaudited\))Tj 5.669 0 Td (\(Unaudited\))Tj 0 Tw -29.655 -2.462 Td (Segment revenue)Tj /T1_0 1 Tf 0 Tc ( )Tj 0.025 Tc 13 0 3.4833 13 187.1058 674.8479 Tm (\(note 4\))Tj 13 0 0 13 85.0393 658.8479 Tm (Sales to external customers)Tj /T1_1 1 Tf -0.025 Tw 13.68 0 Td (1,958,874)Tj 6.469 0 Td (415,732)Tj 0 Tc 0 Tw 8.569 0 Td (\226)Tj 0.025 Tc -0.025 Tw 1.969 0 Td (2,374,606)Tj /T1_0 1 Tf 0 Tw -30.688 -1.231 Td (Intersegment sales)Tj /T1_1 1 Tf -0.025 Tw 16.33 0 Td (794)Tj 5.669 0 Td (878)Tj 6.194 0 Td (19)Tj 4.344 0 Td (1,691)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 255.1181 638.4379 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 249.4488 639.8389 Tm ( )Tj ET q 1 0 0 1 328.8188 638.4379 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 323.1495 639.8389 Tm ( )Tj ET q 1 0 0 1 402.5196 638.4379 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 396.8503 639.8389 Tm ( )Tj ET q 1 0 0 1 476.2204 638.4379 cm 0 0 m 62.362 0 l S Q BT 13 0 0 13 470.5511 639.8389 Tm ( )Tj 0.025 Tc -0.025 Tw -15.975 -2.462 Td (1,959,668)Tj 6.469 0 Td (416,610)Tj 8.044 0 Td (19)Tj 2.494 0 Td (2,376,297)Tj /T1_0 1 Tf 13 0 3.4833 13 83.7052 575.8389 Tm (Reconciliation:)Tj 0 Tw 13 0 0 13 85.0393 559.8389 Tm (Elimination of intersegment )Tj -0.025 Tw 1.003 -1.231 Td (sales)Tj /T1_1 1 Tf 31.152 0 Td (\(1,691\))Tj ET q 1 0 0 1 476.2204 539.4288 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 470.5511 540.8298 Tm ( )Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw -29.655 -2.462 Td (Revenue)Tj /T1_1 1 Tf 30.688 0 Td (2,374,606)Tj ET 2.5 w q 1 0 0 1 476.2204 503.2652 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 499.9327 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 470.5511 501.1662 Tm ( )Tj 0.025 Tc -29.655 -2.462 Td (Segment results)Tj -0.025 Tw 14.48 0 Td (292,969)Tj 5.811 0 Td (\(45,677\))Tj 6.577 0 Td (5,648)Tj 4.619 0 Td (252,940)Tj /T1_0 1 Tf 13 0 3.4833 13 83.7052 437.1663 Tm (Reconciliation:)Tj 0 Tw 13 0 0 13 85.0393 421.1663 Tm (Elimination of intersegment )Tj -0.025 Tw 1.003 -1.231 Td (results)Tj 0 Tw -1.003 -1.231 Td (Interest income)Tj /T1_1 1 Tf -0.025 Tw 32.013 0 Td (58,520)Tj /T1_0 1 Tf 0 Tw -32.013 -1.231 Td (Finance costs \(other than )Tj 1.003 -1.231 Td (interest on lease liabilities\))Tj /T1_1 1 Tf -0.025 Tw 30.102 0 Td (\(120,258\))Tj ET 0.5 w q 1 0 0 1 476.2204 352.7562 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 470.5511 354.1572 Tm ( )Tj /T1_0 1 Tf 0.025 Tc -29.655 -2.462 Td (Profit before tax)Tj /T1_1 1 Tf -0.025 Tw 31.488 0 Td (191,202)Tj ET 2.5 w q 1 0 0 1 476.2204 316.5927 cm 0 0 m 62.362 0 l S Q 0.835 w q 1 0 0 1 476.2204 313.2601 cm 0 0 m 62.362 0 l S Q BT 0 Tc 0 Tw 13 0 0 13 470.5511 314.4937 Tm ( )Tj ET endstream endobj 155 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 8 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(3. )-1105.5 (OPERATING SEGMENT INFORMATION)]TJ /T1_0 1 Tf 0.056 Tc 0.07 Tw 2.181 -2.462 Td [(For)12.8 ( management)12.8 ( purposes,)12.8 ( the)12.8 ( Group)12.8 ( is)12.8 ( organised)12.8 ( into)12.8 ( business)12.8 ( units)12.9 ( based)31 ( )]TJ 0.045 Tc 0 -1.231 TD [(on)12.8 ( their)12.7 ( products)12.7 ( and)12.8 ( services)12.8 ( and)12.8 ( has)12.7 ( three)12.7 ( reportable)12.8 ( operating)12.7 ( segments)12.7 ( as)20 ( )]TJ 0.025 Tc -0.025 Tw T* (follows:)Tj 0.053 Tc 0.07 Tw 0 -2.462 TD [(\()28 (a)28 (\))28 ( )-622.5 (Lithium)12.4 ( metal)12.5 ( and)12.5 ( compound)12.4 ( segment:)12.5 ( manufacture)12.5 ( and)12.5 ( sale)12.5 ( of)12.5 ( lithium)28 ( )]TJ 0.025 Tc 0 Tw 2.18 -1.231 Td (series products, and the rendering of processing services;)Tj -2.18 -2.462 Td [(\(b\) )-664.5 (Lithium battery segment: manufacture and sale of lithium batteries; and)]TJ 0.051 Tw T* [(\(c\) )-669.5 (Lithium ore resource segment: exploration and sale of lithium ore and ot\ her )]TJ 0 Tw 2.18 -1.231 Td (lithium products.)Tj 0.034 Tc 0.074 Tw -2.18 -2.462 Td [(Management)9 ( )0.5 (monitors)9 ( )0.5 (the)9 ( )0.5 (results)9 ( )0.5 (of)9 ( )0.5 (the)9 ( )0.5 (Group\222s)9 ( )0.5 (operating)9 ( )0.5 (segments)9 ( )0.5 (separately)9.1 ( )]TJ 0 -1.231 TD [(for)9 ( )0.5 (the)9 ( )0.5 (purpose)9.1 ( )0.5 (of)9 ( )0.5 (making)9 ( )0.5 (decisions)9 ( )0.5 (about)9 ( )0.5 (resource)9 ( )0.5 (allocations)9 ( )0.5 (and)8.9 ( )0.6 (performance)9.1 ( )]TJ 0.022 Tc 0 Tw T* (assessment. Segment performance is evalsuated based on reportable segment\ profit/)Tj 0.035 Tc 0.073 Tw T* [(loss,)10 ( )0.5 (which)10 ( )0.5 (is)10 ( )0.5 (a)10 ( )0.5 (measure)10 ( )0.5 (of)10 ( )0.5 (adjusted)10 ( )0.5 (profit/loss)10 ( )0.5 (before)10 ( )0.5 (tax.)10 ( )0.5 (The)10 ( )0.5 (adjusted)10 ( )0.5 (profit/)]TJ 0.025 Tc 0.031 Tw T* (loss before tax is measured consistently with the Group\222s profit befo\ re tax except )Tj 0 Tw T* (that interest income and finance costs are excluded from such measuremen\ t.)Tj 0.017 Tw 0 -2.462 TD (Intersegment sales and transfers are transacted with reference to the se\ lling prices )Tj 0 Tw 0 -1.231 TD (used for sales made to third parties at the then prevailing market price\ s.)Tj ET endstream endobj 154 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 7 \226)Tj 0.028 Tc 0.08 Tw 13 0 0 13 113.3858 776.3179 Tm [(the)3 ( )0.5 (focus)3.1 ( )0.5 (is)3 ( )0.5 (on)3 ( )0.5 (whether)3 ( )0.5 (acquired)3 ( )0.5 (inputs)3 ( )0.5 (and)3 ( )0.5 (acquired)3 ( )0.5 (substantive)3 ( )0.5 (processes)3.1 ( )]TJ 0.073 Tc 0.07 Tw 0 -1.231 TD [(together)12.1 ( significantly)12.1 ( contribute)12.2 ( to)12.1 ( the)12.1 ( ability)12.1 ( to)12.1 ( create)12.1 ( outputs.)12.1 ( The)48 ( )]TJ 0.025 Tc 0.055 Tw T* (amendments have also narrowed the definition of outputs to focus on good\ s )Tj 0.061 Tw T* (or services provided to customers, investment income or other income fro\ m )Tj 0.025 Tw T* [(ordinary )0.5 (activities. )0.5 (Furthermore, )0.5 (the )0.5 (amendments )0.5 (provide )0.5 (guidance )0.5 (to )0.5 (assess )]TJ 0.042 Tc 0.07 Tw T* [(whether)12.4 ( an)12.4 ( acquired)12.5 ( process)12.5 ( is)12.4 ( substantive)12.5 ( and)12.4 ( introduce)12.5 ( an)12.5 ( optional)12.5 ( fair)17 ( )]TJ 0.047 Tc T* [(v)0.5 (al)0.5 (u)0.5 (e)13 ( c)0.5 (o)0.5 (nc)0.5 (e)0.5 (n)0.5 (tr)0.5 (a)0.5 (ti)0.5 (o)0.5 (n)12.9 ( )0.5 (t)0.5 (e)0.5 (st)13 ( )0.5 (to)13 ( )0.5 (pe)0.5 (r)0.5 (m)0.5 (it)13 ( a)13 ( )0.5 (s)0.5 (im)0.5 (p)0.5 (li)0.5 (f)0.5 (ie)0.5 (d)13 ( a)0.5 (s)0.5 (s)0.5 (e)0.5 (ss)0.5 (m)0.5 (e)0.5 (nt)13 ( )0.5 (of)13 ( )0.5 (wh)0.5 (e)0.5 (th)0.5 (e)0.5 (r)13 ( a)0.5 (n)22 ( )]TJ 0.025 Tc 0.026 Tw 0 -1.231 TD (acquired set of activities and assets is not a business. The Group has a\ pplied )Tj 0.029 Tc 0.079 Tw 0 -1.231 TD [(the)4 ( )0.5 (amendments)4 ( )0.5 (prospectively)4 ( )0.5 (to)4 ( )0.5 (transactions)4 ( )0.5 (or)4 ( )0.5 (other)4 ( )0.5 (events)4 ( )0.5 (that)4 ( )0.5 (occurred)4 ( )]TJ 0.025 Tc 0.032 Tw T* [(on )0.5 (or )0.5 (after )0.5 (1 )0.5 (January )0.5 (2020. )0.5 (The )0.6 (amendments )0.6 (did )0.6 (not )0.6 (have )0.5 (any )0.5 (impact )0.5 (on )0.5 (the )]TJ 0 Tw T* (financial position and performance of the Group.)Tj 0.042 Tw -2.181 -2.462 Td [(\(b\) )-622.5 (Amendments to IFRS 9, IAS 39 and IFRS 7 address the effects of interbank\ )]TJ 0.078 Tc 0.07 Tw 2.181 -1.231 Td [(offered)12.7 ( rate)12.6 ( reform)12.6 ( on)12.7 ( financial)12.7 ( reporting.)12.7 ( The)12.7 ( amendments)12.7 ( provide)53 ( )]TJ 0.05 Tc T* [(temporary)12.6 ( reliefs)12.6 ( which)12.6 ( enable)12.6 ( hedge)12.6 ( accounting)12.6 ( to)12.6 ( continue)12.5 ( during)12.5 ( the)25 ( )]TJ 0.051 Tc T* [(period)12.2 ( of)12.2 ( uncertainty)12.2 ( before)12.2 ( the)12.1 ( replacement)12.2 ( of)12.2 ( an)12.2 ( existing)12.1 ( interest)12.1 ( rate)26 ( )]TJ 0.06 Tc T* [(benchmark.)12.3 ( In)12.2 ( addition,)12.3 ( the)12.3 ( amendments)12.3 ( require)12.3 ( companies)12.3 ( to)12.3 ( provide)35 ( )]TJ 0.029 Tc 0.079 Tw T* [(additional)4 ( )0.5 (information)4 ( )0.5 (to)4 ( )0.5 (investors)4 ( )0.5 (about)4 ( )0.5 (their)4.1 ( )0.5 (hedging)4 ( )0.5 (relationships)4 ( )0.5 (which)4 ( )]TJ 0.037 Tc 0.071 Tw T* [(are)12 ( )0.5 (directly)12 ( )0.5 (affected)12 ( )0.5 (by)12 ( )0.5 (these)12.1 ( )0.5 (uncertainties.)12 ( )0.5 (The)12 ( )0.5 (amendments)12 ( )0.5 (did)12 ( )0.5 (not)12 ( )0.5 (have)12 ( )]TJ 0.039 Tc 0.07 Tw T* [(any)12.8 ( impact)12.8 ( on)12.8 ( the)12.9 ( financial)12.8 ( position)12.8 ( and)12.8 ( performance)12.9 ( of)12.9 ( the)12.8 ( Group)12.8 ( as)12.8 ( the)14 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (Group does not have any interest rate hedge relationships.)Tj 0.038 Tc 0.07 Tw -2.181 -2.462 Td [(\()13 (c)13 (\))13 ( )-637.5 (Amendment)12.8 ( to)12.8 ( IFRS)12.8 ( 1)12.8 (6)12.8 ( provides)12.8 ( a)12.9 ( practical)12.8 ( expedient)12.8 ( for)12.8 ( lessees)12.8 ( to)12.8 ( elect)13 ( )]TJ 2.181 -1.231 Td [(not)12.1 ( to)12.1 ( apply)12.1 ( lease)12.1 ( modification)12.1 ( accounting)12.1 ( for)12.1 ( rent)12 ( concessions)12.1 ( arising)12.1 ( as)13 ( )]TJ 0.051 Tc 0 -1.231 TD [(a)12.8 ( direct)12.8 ( consequence)12.8 ( of)12.7 ( the)12.8 ( covid-)12.8 (1)12.7 (9)12.8 ( pandemic.)12.7 ( The)12.8 ( practical)12.8 ( expedient)26 ( )]TJ 0.042 Tc T* [(applies)12 ( only)12.1 ( to)12.1 ( rent)12.1 ( concessions)12.1 ( occurring)12 ( as)12.1 ( a)12.1 ( direct)12.1 ( consequence)12.1 ( of)12.1 ( the)17 ( )]TJ 0.039 Tc T* [(c)0.5 (o)0.6 (v)0.5 (i)0.5 (d)0.6 (-)13 (1)13.1 (9)13 ( )0.5 (p)0.6 (a)0.5 (n)0.5 (d)0.6 (e)0.5 (m)0.6 (i)0.5 (c)13 ( )0.6 (a)0.5 (n)0.6 (d)13 ( )0.5 (o)0.6 (n)0.5 (l)0.5 (y)13.1 ( )0.5 (i)0.5 (f)13.1 ( )0.5 (\()0.6 (i)0.5 (\))13 ( )0.6 (t)0.5 (h)0.5 (e)13.1 ( )0.5 (c)0.6 (h)0.5 (a)0.5 (n)0.6 (g)0.5 (e)13.1 ( )0.5 (i)0.5 (n)13.1 ( )0.5 (l)0.5 (e)0.6 (a)0.5 (s)0.6 (e)13 ( )0.6 (p)0.5 (a)0.6 (y)0.5 (m)0.5 (e)0.6 (n)0.5 (t)0.5 (s)13.1 ( )0.5 (r)0.5 (e)0.6 (s)0.5 (u)0.6 (l)0.5 (t)0.5 (s)13.1 ( )0.5 (i)0.5 (n)14 ( )]TJ 0.029 Tc 0.079 Tw T* [(revised)4 ( )0.5 (consideration)4 ( )0.5 (for)4 ( )0.5 (the)4.1 ( )0.5 (lease)4 ( )0.5 (that)4 ( )0.5 (is)4 ( )0.6 (substantially)4 ( )0.5 (the)4 ( )0.5 (same)4 ( )0.5 (as,)4 ( )0.5 (or)4.1 ( )0.5 (less)4 ( )]TJ 0.026 Tc 0.082 Tw T* [(than,)1 ( )0.5 (the)1 ( )0.5 (consideration)1 ( )0.5 (for)1 ( )0.5 (the)1 ( )0.5 (lease)1 ( )0.5 (immediately)1 ( )0.5 (preceding)1 ( )0.5 (the)1 ( )0.5 (change;)1 ( )0.5 (\(ii\))1 ( )]TJ 0.025 Tc 0.078 Tw T* (any reduction in lease payments affects only payments originally due on \ or )Tj 0.071 Tw T* (before 30 June 2021; and \(iii\) there is no substantive change to other\ terms )Tj 0.027 Tc 0.081 Tw T* [(and)1.9 ( )0.5 (conditions)2 ( )0.5 (of)2 ( )0.5 (the)1.9 ( )0.5 (lease.)2 ( )0.5 (The)2 ( )0.5 (amendment)2 ( )0.5 (is)2 ( )0.5 (effective)2 ( )0.5 (retrospectively)2 ( )0.5 (for)2 ( )]TJ 0.041 Tc 0.07 Tw T* [(annual)12.1 ( periods)12.2 ( beginning)12.1 ( on)12.1 ( or)12.2 ( after)12.1 ( 1)12.1 ( June)12.2 ( 2)12.1 (0)12.2 (2)12.1 (0)12.1 ( with)12.2 ( earlier)12.2 ( application)16 ( )]TJ 0.071 Tc T* [(permitted.)12.6 ( The)12.6 ( amendments)12.6 ( did)12.6 ( not)12.6 ( have)12.6 ( any)12.6 ( impact)12.6 ( on)12.5 ( the)12.7 ( financial)46 ( )]TJ 0.025 Tc 0.055 Tw T* (position and performance of the Group as the Group does not have any ren\ t )Tj 0.009 Tw 0 -1.231 TD (concessions arising as a direct consequence of the covid-19 pandemic dur\ ing )Tj 0 Tw 0 -1.231 TD (the period.)Tj 0.074 Tw -2.181 -2.462 Td [(\(d\) )-590.5 (Amendments to IAS 1 and IAS 8 provide a new definition of material. The \ )]TJ 0.031 Tc 0.077 Tw 2.181 -1.231 Td [(new)6 ( )0.5 (definition)6 ( )0.5 (states)6 ( )0.5 (that)6 ( )0.5 (information)6.1 ( )0.5 (is)6.1 ( )0.5 (material)6 ( )0.5 (if)6 ( )0.5 (omitting,)6 ( )0.5 (misstating)6 ( )0.5 (or)6.1 ( )]TJ 0.044 Tc 0.07 Tw T* [(ob)0.5 (scu)0.5 (ring)13 ( it)13 ( co)0.5 (uld)12.9 ( )0.5 (rea)0.5 (son)0.5 (abl)0.5 (y)12.9 ( b)0.5 (e)12.9 ( e)0.5 (xpe)0.5 (cte)0.5 (d)12.9 ( t)0.5 (o)12.9 ( in)0.5 (flu)0.5 (enc)0.5 (e)12.9 ( d)0.5 (eci)0.5 (sio)0.5 (ns)12.9 ( )0.5 (that)13 ( th)0.5 (e)19 ( )]TJ 0.048 Tc T* [(primary)12.5 ( users)12.5 ( of)12.5 ( general)12.5 ( purpose)12.6 ( financial)12.5 ( statements)12.5 ( make)12.5 ( on)12.5 ( the)12.5 ( basis)23 ( )]TJ 0.031 Tc 0.077 Tw T* [(of)6 ( )0.5 (those)6 ( )0.5 (financial)6.1 ( statements.)6 ( )0.5 (The)6 ( )0.5 (amendments)6 ( )0.5 (clarify)6 ( )0.5 (that)6 ( )0.5 (materiality)6 ( )0.5 (will)6.1 ( )]TJ 0.025 Tc 0.05 Tw T* (depend on the nature or magnitude of information. The amendments did not\ )Tj 0.039 Tc 0.07 Tw T* [(have)12.6 ( any)12.6 ( impact)12.6 ( on)12.6 ( the)12.6 ( Group\222s)12.6 ( interim)12.6 ( condensed)12.6 ( consolidated)12.6 ( financial)14 ( )]TJ 0.025 Tc -0.025 Tw T* (information.)Tj ET endstream endobj 153 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 6 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm [(1. )-1105.5 (BASIS OF PREPARATION)]TJ /T1_0 1 Tf 0.05 Tc 0.07 Tw 2.181 -2.462 Td [(The)12.8 ( interim)12.8 ( condensed)12.7 ( consolidated)12.8 ( financial)12.8 ( information)12.8 ( for)12.8 ( the)12.8 ( six)12.8 ( months)25.1 ( )]TJ 0.068 Tc 0 -1.231 TD [(ended)12.2 ( 3)12.2 (0)12.2 ( June)12.2 ( 2)12.2 (0)12.2 (2)12.2 (0)12.1 ( has)12.2 ( been)12.2 ( prepared)12.2 ( in)12.2 ( accordance)12.2 ( with)12.2 ( IAS)12.2 ( 3)12.2 (4)12.2 ( )]TJ -0.068 Tw 13 0 3.4833 13 493.6494 728.409 Tm [(Interim)43 ( )]TJ 0.037 Tc 0.071 Tw -31.204 -1.231 Td [(Financial)12 ( )0.5 (Reporting)]TJ 13 0 0 13 198.5872 712.409 Tm [(.)12 ( )0.5 (The)12 ( )0.5 (interim)12 ( )0.5 (condensed)12 ( )0.5 (consolidated)12 ( )0.5 (financial)12 ( )0.5 (information)12 ( )]TJ 0.062 Tc 0.07 Tw -8.734 -1.231 Td [(does)12 ( not)12.1 ( include)12 ( all)12.1 ( the)12.1 ( information)12.1 ( and)12 ( disclosures)12.1 ( required)12.1 ( in)12.1 ( the)12.1 ( annual)37 ( )]TJ 0.027 Tc 0.081 Tw T* [(financial)2 ( )0.5 (statements,)2 ( )0.5 (and)2 ( )0.5 (should)2 ( )0.5 (be)2 ( )0.5 (read)2 ( )0.5 (in)2 ( )0.5 (conjunction)2 ( with)2 ( the)2 ( )0.5 (Group\222s)2 ( annual)2 ( )]TJ 0.025 Tc 0 Tw T* (consolidated financial statements for the year ended 31 December 2019.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(2. )-1105.5 (CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES)]TJ /T1_0 1 Tf 0.052 Tc 0.07 Tw 2.181 -2.462 Td [(The)12.2 ( accounting)12.1 ( policies)12.1 ( adopted)12.1 ( in)12.2 ( the)12.2 ( preparation)12.1 ( of)12.2 ( the)12.2 ( interim)12.2 ( condensed)27 ( )]TJ 0.065 Tc T* [(consolidated)12.7 ( financial)12.8 ( information)12.8 ( are)12.8 ( consistent)12.7 ( with)12.8 ( those)12.8 ( applied)12.8 ( in)12.8 ( the)40 ( )]TJ 0.06 Tc T* [(p)0.5 (r)0.5 (ep)0.5 (a)0.5 (r)0.5 (a)0.5 (ti)0.5 (o)0.5 (n)13 ( o)0.5 (f)13 ( )0.5 (t)0.5 (he)13 ( )0.5 (G)0.5 (r)0.5 (ou)0.5 (p)0.5 (\222)0.5 (s)13 ( a)0.5 (n)0.5 (n)0.5 (ua)0.5 (l)13 ( )0.5 (c)0.5 (on)0.5 (s)0.5 (o)0.5 (l)0.5 (id)0.5 (a)0.5 (t)0.5 (ed)13 ( )0.5 (f)0.5 (i)0.5 (na)0.5 (n)0.5 (c)0.5 (ia)0.5 (l)13 ( )0.5 (s)0.5 (t)0.5 (at)0.5 (e)0.5 (m)0.5 (e)0.5 (nt)0.5 (s)13 ( )0.5 (fo)0.5 (r)13 ( )0.5 (t)0.5 (he)35 ( )]TJ 0.029 Tc 0.079 Tw T* [(year)4 ( )0.5 (ended)4 ( )0.5 (3)4 (1)4 ( )0.5 (December)4 ( )0.5 (2)4 (0)4 (1)4.1 (9)4 (,)4 ( )0.5 (except)4.1 ( )0.5 (for)4.1 ( )0.5 (the)4 ( )0.5 (adoption)4 ( )0.5 (of)4 ( )0.5 (the)4 ( )0.5 (following)4 ( )0.5 (revised)4 ( )]TJ 0.039 Tc 0.07 Tw T* [(International)12.6 ( Financial)12.6 ( Reporting)12.5 ( Standards)12.5 ( \(\223)]TJ /T1_1 1 Tf -0.039 Tw (IFRS)Tj /T1_0 1 Tf 0.07 Tw [(\224\))12.5 ( for)12.5 ( the)12.5 ( first)12.5 ( time)12.5 ( for)12.6 ( the)14 ( )]TJ 0.025 Tc 0 Tw T* (current period\222s financial information.)Tj 0 -2.462 TD (Amendments to IFRS 3)Tj 13 0 3.4833 13 310.4769 488.409 Tm (Definition of a Business)Tj 13 0 0 13 85.0394 472.409 Tm (Amendments to IFRS 9, IAS 39 and )Tj 1.003 -1.231 Td (IFRS 7)Tj 13 0 3.4833 13 310.4769 472.409 Tm (Interest Rate Benchmark Reform)Tj 13 0 0 13 85.0394 440.409 Tm (Amendment to IFRS 16)Tj 13 0 3.4833 13 310.4769 440.409 Tm (Covid-19-Related Rent Concessions )Tj 1.333 -1.231 Td (\(early adopted\))Tj 13 0 0 13 85.0394 408.409 Tm (Amendments to IAS 1 and IAS 8)Tj 13 0 3.4833 13 310.4769 408.409 Tm (Definition of Material)Tj 13 0 0 13 85.0393 378.0599 Tm (The nature and impact of the revised IFRSs are described below:)Tj 0.06 Tc 0.07 Tw T* [(\()35 (a)35 (\))35 ( )-615.5 (Amendments)12.4 ( to)12.3 ( IFRS)12.4 ( 3)12.4 ( clarify)12.4 ( and)12.4 ( provide)12.4 ( additional)12.4 ( guidance)12.3 ( on)12.3 ( the)35 ( )]TJ 0.034 Tc 0.074 Tw 2.181 -1.231 Td [(definition)9 ( )0.5 (of)9 ( )0.5 (a)9.1 ( )0.5 (business.)9 ( )0.5 (The)9 ( )0.5 (amendments)9 ( )0.6 (clarify)9.1 ( that)9 ( )0.5 (for)9 ( )0.5 (an)9 ( )0.5 (integrated)9.1 ( set)9.1 ( )]TJ 0.047 Tc 0.07 Tw 0 -1.231 TD [(of)12.3 ( activities)12.3 ( and)12.3 ( assets)12.3 ( to)12.3 ( be)12.3 ( considered)12.3 ( a)12.3 ( business,)12.3 ( it)12.3 ( must)12.3 ( include,)12.3 ( at)12.3 ( a)22 ( )]TJ 0.052 Tc T* [(minimum,)12.6 ( an)12.6 ( input)12.6 ( and)12.5 ( a)12.6 ( substantive)12.6 ( process)12.5 ( that)12.5 ( together)12.6 ( significantly)26.9 ( )]TJ 0.061 Tc T* [(c)0.5 (on)0.5 (tr)0.5 (ib)0.5 (ut)0.5 (e)13 ( t)0.5 (o)12.9 ( )0.5 (th)0.5 (e)13 ( a)0.5 (bi)0.5 (li)0.5 (t)0.5 (y)12.9 ( )0.5 (to)13 ( c)0.5 (r)0.5 (ea)0.5 (te)13 ( )0.5 (ou)0.5 (tp)0.5 (ut)0.5 (.)12.9 ( )0.5 (A)13 ( b)0.5 (us)0.5 (in)0.5 (e)0.5 (ss)13 ( c)0.5 (a)0.5 (n)12.9 ( )0.5 (e)0.5 (xi)0.5 (st)13 ( w)0.5 (i)0.5 (th)0.5 (ou)0.5 (t)36 ( )]TJ 0.058 Tc 0 -1.231 TD [(i)0.5 (n)0.5 (c)0.6 (l)0.5 (u)0.5 (d)0.5 (i)0.5 (n)0.5 (g)13 ( )0.5 (a)0.5 (l)0.5 (l)13.1 ( )0.5 (o)0.5 (f)13 ( )0.5 (t)0.5 (h)0.5 (e)13.1 ( )0.5 (i)0.5 (n)0.5 (p)0.5 (u)0.5 (t)0.5 (s)13 ( )0.6 (a)0.5 (n)0.5 (d)13 ( )0.5 (p)0.5 (r)0.6 (o)0.5 (c)0.5 (e)0.5 (s)0.5 (s)0.5 (e)0.6 (s)13 ( )0.5 (n)0.5 (e)0.5 (e)0.6 (d)0.5 (e)0.5 (d)13 ( )0.5 (t)0.5 (o)13 ( )0.6 (c)0.5 (r)0.5 (e)0.5 (a)0.6 (t)0.5 (e)13 ( )0.5 (o)0.5 (u)0.5 (t)0.5 (p)0.5 (u)0.6 (t)0.5 (s)0.5 (.)13 ( )0.5 (T)0.5 (h)0.5 (e)33 ( )]TJ 0 -1.231 TD [(amendments)12.8 ( remove)12.8 ( the)12.8 ( assessment)12.8 ( of)12.8 ( whether)12.8 ( market)12.7 ( participants)12.8 ( are)33 ( )]TJ 0.026 Tc 0.082 Tw 0 -1.231 TD [(capable)1 ( )0.5 (of)1 ( )0.5 (acquiring)1 ( )0.5 (the)1.1 ( )0.5 (business)1 ( )0.5 (and)1 ( )0.5 (continue)1 ( )0.5 (to)1 ( )0.5 (produce)1 ( )0.6 (outputs.)1 ( )0.5 (Instead,)1 ( )]TJ ET endstream endobj 15 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 16 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 17 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 18 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 19 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 165 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 5 \226)Tj /T1_1 1 Tf 13 0 0 13 418.0524 771.8479 Tm (As at )Tj -1.162 -1.154 Td (30 June )Tj -0.025 Tw 1.381 -1.154 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.308 Td (As at )Tj -3.426 -1.154 Td (31 December )Tj -0.025 Tw 3.534 -1.154 Td (2019)Tj 13 0 3.4833 13 317.3398 726.8479 Tm (Notes)Tj /T1_1 1 Tf 5.623 0 Td (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 711.8479 Tm (\(Unaudited\))Tj /T1_0 1 Tf 8.307 0 Td (\(Audited\))Tj /T1_1 1 Tf 0 Tw -32.98 -2.308 Td (CURRENT LIABILITIES)Tj /T1_0 1 Tf 0 -1.154 TD (Interest-bearing bank and other borrowings)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (2,963,955)Tj /T1_0 1 Tf 6.978 0 Td (1,968,555)Tj 0 Tw -32.868 -1.154 Td (Trade and bills payables)Tj -0.025 Tw 20.856 0 Td (13)Tj /T1_1 1 Tf 5.834 0 Td (579,091)Tj /T1_0 1 Tf 6.978 0 Td (558,897)Tj 0 Tw -33.668 -1.154 Td (Amounts due to related parties)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (209,527)Tj /T1_0 1 Tf 6.978 0 Td (290,501)Tj 0 Tw -33.668 -1.154 Td (Other payables and accruals)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (756,912)Tj /T1_0 1 Tf 6.978 0 Td (351,425)Tj 0 Tw -33.668 -1.154 Td (Income tax payable)Tj /T1_1 1 Tf -0.025 Tw 27.216 0 Td (20,448)Tj /T1_0 1 Tf 6.978 0 Td (89,479)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.5039 602.4379 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.724 603.8389 Tm ( )Tj ET q 1 0 0 1 459.2126 602.4379 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 603.8389 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -36.518 -2.308 Td (Total current liabilities)Tj -0.025 Tw 25.891 0 Td (4,529,933)Tj /T1_0 1 Tf 6.978 0 Td (3,258,857)Tj ET q 1 0 0 1 368.504 569.4288 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.7241 570.8298 Tm ( )Tj ET q 1 0 0 1 459.2127 569.4288 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 570.8298 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -36.518 -2.308 Td (NET CURRENT ASSETS)Tj -0.025 Tw 25.891 0 Td (2,417,057)Tj /T1_0 1 Tf 6.978 0 Td (2,458,174)Tj ET q 1 0 0 1 368.504 536.4197 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.7241 537.8207 Tm ( )Tj ET q 1 0 0 1 459.2127 536.4197 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 537.8207 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -36.518 -2.308 Td (TOTAL ASSETS LESS CURRENT )Tj -0.025 Tw 1.003 -1.154 Td (LIABILITIES)Tj 24.363 0 Td (11,480,986)Tj /T1_0 1 Tf 6.978 0 Td (10,954,175)Tj ET 2.5 w q 1 0 0 1 368.504 487.2562 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 483.9237 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 485.1572 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 487.2562 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 483.9237 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 485.1572 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.308 Td (NON-CURRENT LIABILITIES)Tj /T1_0 1 Tf T* (Interest-bearing bank and other borrowings)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (2,108,048)Tj /T1_0 1 Tf 6.978 0 Td (1,457,103)Tj 0 Tw -32.868 -1.154 Td (Convertible bonds)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (780,423)Tj /T1_0 1 Tf 6.978 0 Td (762,355)Tj 0 Tw -33.668 -1.154 Td (Deferred income)Tj /T1_1 1 Tf -0.025 Tw 27.216 0 Td (56,747)Tj /T1_0 1 Tf 6.978 0 Td (61,324)Tj 0 Tw -34.193 -1.154 Td (Deferred tax liabilities)Tj /T1_1 1 Tf -0.025 Tw 27.741 0 Td (5,016)Tj /T1_0 1 Tf 6.978 0 Td (8,606)Tj 0 Tw -34.718 -1.154 Td (Other non-current liabilities)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (269,203)Tj /T1_0 1 Tf 6.978 0 Td (254,506)Tj ET 0.5 w q 1 0 0 1 368.504 375.7471 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 377.1481 Tm ( )Tj ET q 1 0 0 1 459.2127 375.7471 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 377.1481 Tm ( )Tj 0.025 Tc -30.527 -2.308 Td (Total non-current liabilities)Tj -0.025 Tw 25.891 0 Td (3,219,437)Tj /T1_0 1 Tf 6.978 0 Td (2,543,894)Tj ET q 1 0 0 1 368.504 342.7381 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 344.139 Tm ( )Tj ET q 1 0 0 1 459.2127 342.7381 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 344.139 Tm ( )Tj 0.025 Tc -30.527 -2.308 Td (Total liabilities)Tj -0.025 Tw 25.891 0 Td (7,749,370)Tj /T1_0 1 Tf 6.978 0 Td (5,802,751)Tj ET 2.5 w q 1 0 0 1 368.504 308.5745 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 305.242 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 306.4755 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 308.5745 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 305.242 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 306.4755 Tm ( )Tj 0.025 Tc -30.527 -2.308 Td (Net assets)Tj -0.025 Tw 25.891 0 Td (8,261,549)Tj /T1_0 1 Tf 6.978 0 Td (8,410,281)Tj ET 2.5 w q 1 0 0 1 368.504 270.911 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 267.5785 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 268.812 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 270.911 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 267.5785 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 268.812 Tm ( )Tj 0.025 Tc -0.025 Tw -30.527 -2.308 Td (EQUITY)Tj 0.103 Tc 0.07 Tw T* [(Equity)12.7 ( attributable)12.8 ( to)12.8 ( owners)12.8 ( of)12.8 ( the)77.9 ( )]TJ 0.025 Tc -0.025 Tw 1.003 -1.154 Td (parent)Tj /T1_0 1 Tf 0 Tw -1.003 -1.154 Td (Share capital)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (1,292,825)Tj /T1_0 1 Tf 6.978 0 Td (1,292,601)Tj 0 Tw -32.868 -1.154 Td (Equity component of convertible bonds)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (203,543)Tj /T1_0 1 Tf 6.978 0 Td (205,642)Tj -33.668 -1.154 Td (Reserves)Tj /T1_1 1 Tf 25.891 0 Td (6,749,411)Tj /T1_0 1 Tf 6.978 0 Td (6,857,014)Tj ET 0.5 w q 1 0 0 1 368.504 159.4019 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 160.8029 Tm ( )Tj ET q 1 0 0 1 459.2127 159.4019 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 160.8029 Tm ( )Tj 0.025 Tc -0.025 Tw -4.636 -2.308 Td (8,245,779)Tj /T1_0 1 Tf 6.978 0 Td (8,355,257)Tj /T1_1 1 Tf 0 Tw -32.868 -1.154 Td (Non-controlling interests)Tj -0.025 Tw 27.216 0 Td (15,770)Tj /T1_0 1 Tf 6.978 0 Td (55,024)Tj ET q 1 0 0 1 368.504 111.3929 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 112.7939 Tm ( )Tj ET q 1 0 0 1 459.2127 111.3929 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 112.7939 Tm ( )Tj 0.025 Tc -30.527 -2.308 Td (Total equity)Tj -0.025 Tw 25.891 0 Td (8,261,549)Tj /T1_0 1 Tf 6.978 0 Td (8,410,281)Tj ET 2.5 w q 1 0 0 1 368.504 77.2293 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 73.8968 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 75.1303 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 77.2293 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 73.8968 cm 0 0 m 79.37 0 l S Q BT 13 0 0 13 453.5434 75.1303 Tm ( )Tj ET endstream endobj 164 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 4 \226)Tj /T1_1 1 Tf 0.064 Tc 0.07 Tw 13 0 0 13 56.6929 776.409 Tm [(INTERIM)12.9 ( CONDENSED)12.9 ( CONSOLIDATED)12.9 ( STATEMENT)12.9 ( OF)12.9 ( FINANCIA)0.5 (L)38.9 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.231 TD (POSITION)Tj /T1_0 1 Tf 0 Tw 13 0 3.4833 13 55.3588 744.409 Tm (30 June 2020)Tj /T1_1 1 Tf 13 0 0 13 418.0524 713.409 Tm (As at )Tj -1.162 -1.154 Td (30 June )Tj -0.025 Tw 1.381 -1.154 Td (2020)Tj /T1_0 1 Tf 0 Tw 6.87 2.308 Td (As at )Tj -3.426 -1.154 Td (31 December )Tj -0.025 Tw 3.534 -1.154 Td (2019)Tj 13 0 3.4833 13 317.3398 668.409 Tm (Notes)Tj /T1_1 1 Tf 5.623 0 Td (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 653.409 Tm (\(Unaudited\))Tj /T1_0 1 Tf 8.307 0 Td (\(Audited\))Tj /T1_1 1 Tf 0 Tw -32.98 -2.308 Td (NON-CURRENT ASSETS)Tj /T1_0 1 Tf 0 -1.154 TD (Property, plant and equipment)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (2,959,444)Tj /T1_0 1 Tf 6.978 0 Td (3,007,789)Tj 0 Tw -32.868 -1.154 Td (Investment properties)Tj /T1_1 1 Tf -0.025 Tw 29.066 0 Td (74)Tj /T1_0 1 Tf 6.453 0 Td (138)Tj 0 Tw -35.518 -1.154 Td (Right-of-use assets)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (208,098)Tj /T1_0 1 Tf 6.978 0 Td (208,808)Tj -33.668 -1.154 Td (Goodwill)Tj /T1_1 1 Tf 27.216 0 Td (18,302)Tj /T1_0 1 Tf 6.978 0 Td (18,302)Tj 0 Tw -34.193 -1.154 Td (Other intangible assets)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (403,450)Tj /T1_0 1 Tf 6.978 0 Td (362,933)Tj 0 Tw -33.668 -1.154 Td (Investments in associates)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (824,435)Tj /T1_0 1 Tf 6.978 0 Td (814,504)Tj 0 Tw -33.668 -1.154 Td (Investments in joint ventures)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (2,893,320)Tj /T1_0 1 Tf 6.978 0 Td (2,865,042)Tj 0 Tw -32.868 -1.154 Td (Financial assets at fair value through profit )Tj 1.003 -1.154 Td (or loss)Tj /T1_1 1 Tf -0.025 Tw 25.688 0 Td (622,302)Tj /T1_0 1 Tf 6.978 0 Td (386,035)Tj 0 Tw -33.668 -1.154 Td (Deferred tax assets)Tj /T1_1 1 Tf -0.025 Tw 27.216 0 Td (18,524)Tj /T1_0 1 Tf 6.978 0 Td (19,310)Tj 0 Tw -34.193 -1.154 Td (Other non-current assets)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (1,115,980)Tj /T1_0 1 Tf 7.778 0 Td (813,140)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.5039 453.9989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.724 455.3998 Tm ( )Tj ET q 1 0 0 1 459.2126 453.9989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 455.3998 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -36.518 -2.308 Td (Total non-current assets)Tj -0.025 Tw 25.891 0 Td (9,063,929)Tj /T1_0 1 Tf 6.978 0 Td (8,496,001)Tj ET 2.5 w q 1 0 0 1 368.5039 419.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 416.5028 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.724 417.7363 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 419.8353 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 416.5028 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 417.7363 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -36.518 -2.308 Td (CURRENT ASSETS)Tj /T1_0 1 Tf -0.025 Tw T* (Inventories)Tj /T1_1 1 Tf 25.891 0 Td (2,300,346)Tj /T1_0 1 Tf 6.978 0 Td (2,333,836)Tj 0 Tw -32.868 -1.154 Td (Trade receivables)Tj -0.025 Tw 20.856 0 Td (11)Tj /T1_1 1 Tf 5.034 0 Td (1,144,344)Tj /T1_0 1 Tf 7.778 0 Td (913,808)Tj 0 Tw -33.668 -1.154 Td (Debt instruments at fair value through other )Tj 1.003 -1.154 Td (comprehensive income)Tj -0.025 Tw 19.853 0 Td (12)Tj /T1_1 1 Tf 5.834 0 Td (240,372)Tj /T1_0 1 Tf 6.978 0 Td (218,362)Tj 0 Tw -33.668 -1.154 Td (Amounts due from related parties)Tj /T1_1 1 Tf -0.025 Tw 27.216 0 Td (18,527)Tj /T1_0 1 Tf 6.978 0 Td (13,673)Tj 0 Tw -34.193 -1.154 Td (Prepayments, other receivables and )Tj 0 Tc ( )Tj 0.025 Tc 1.003 -1.154 Td (other assets)Tj /T1_1 1 Tf -0.025 Tw 25.688 0 Td (438,821)Tj /T1_0 1 Tf 6.978 0 Td (524,569)Tj 0 Tw -33.668 -1.154 Td (Financial assets at fair value through profit )Tj 1.003 -1.154 Td (or loss)Tj /T1_1 1 Tf -0.025 Tw 26.213 0 Td (41,454)Tj /T1_0 1 Tf 6.978 0 Td (12,853)Tj 0 Tw -34.193 -1.154 Td (Pledged deposits)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (555,910)Tj /T1_0 1 Tf 6.978 0 Td (371,826)Tj 0 Tw -33.668 -1.154 Td (Cash and cash equivalents)Tj /T1_1 1 Tf -0.025 Tw 25.891 0 Td (2,207,216)Tj /T1_0 1 Tf 6.978 0 Td (1,328,104)Tj ET 0.5 w q 1 0 0 1 368.504 218.3263 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.7241 219.7273 Tm ( )Tj ET q 1 0 0 1 459.2127 218.3263 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 219.7273 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -36.518 -2.308 Td (Total current assets)Tj -0.025 Tw 25.891 0 Td (6,946,990)Tj /T1_0 1 Tf 6.978 0 Td (5,717,031)Tj ET 2.5 w q 1 0 0 1 368.504 184.1627 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 180.8302 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 440.7241 182.0637 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 184.1627 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 180.8302 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 531.4327 182.0637 Tm ( )Tj ET endstream endobj 163 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 3 \226)Tj /T1_1 1 Tf 0.221 Tc 0.07 Tw 13 0 0 13 56.6929 776.409 Tm [(INTERIM)12.5 ( CONDENSED)12.5 ( CONSOLIDATED)12.5 ( STATEMENT)12.5 ( OF)196 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (COMPREHENSIVE INCOME)Tj /T1_0 1 Tf 13 0 3.4833 13 55.3588 744.409 Tm (For the six months ended 30 June 2020)Tj /T1_1 1 Tf 13 0 0 13 398.9633 712.4091 Tm (For the six months )Tj 0.992 -1.231 Td (ended 30 June)Tj -0.025 Tw 0.695 -1.231 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj /T1_1 1 Tf 13 0 3.4833 13 390.4324 664.4091 Tm (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 648.4091 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj /T1_1 1 Tf 0 Tw -31.987 -2.462 Td (Profit for the period)Tj -0.025 Tw 26.691 0 Td (157,487)Tj /T1_0 1 Tf 6.978 0 Td (297,019)Tj ET 0 0 0 1 K 2.5 w q 1 0 0 1 368.5039 610.8445 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 607.512 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 608.7455 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 610.8445 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 607.512 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 608.7455 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.462 Td (Other comprehensive income that may )Tj 1.003 -1.231 Td (be reclassified to profit or loss in )Tj T* (subsequent periods:)Tj /T1_0 1 Tf -1.003 -1.231 Td (Exchange differences on translation of )Tj 1.003 -1.231 Td (foreign operations)Tj /T1_1 1 Tf -0.025 Tw 26.213 0 Td (75,091)Tj /T1_0 1 Tf 6.978 0 Td (15,091)Tj ET 0.5 w q 1 0 0 1 368.5039 508.3354 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 509.7365 Tm ( )Tj ET q 1 0 0 1 459.2126 508.3354 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 509.7365 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.462 Td (Other comprehensive income for the )Tj 1.003 -1.231 Td (period, net of tax)Tj -0.025 Tw 26.213 0 Td (75,091)Tj /T1_0 1 Tf 6.978 0 Td (15,091)Tj ET q 1 0 0 1 368.5039 457.3264 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 458.7274 Tm ( )Tj ET q 1 0 0 1 459.2126 457.3264 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 458.7274 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.462 Td (Total comprehensive income for the )Tj 1.003 -1.231 Td (period, net of tax)Tj -0.025 Tw 25.688 0 Td (232,578)Tj /T1_0 1 Tf 6.978 0 Td (312,110)Tj ET 2.5 w q 1 0 0 1 368.5039 405.1628 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 401.8303 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 403.0638 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 405.1628 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 401.8303 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 403.0638 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.462 Td (Attributable to:)Tj /T1_0 1 Tf 1.003 -1.231 Td (Owners of the parent)Tj /T1_1 1 Tf -0.025 Tw 25.688 0 Td (231,718)Tj /T1_0 1 Tf 6.978 0 Td (315,338)Tj 0 Tw -32.665 -1.231 Td (Non-controlling interests)Tj /T1_1 1 Tf -0.025 Tw 27.538 0 Td (860)Tj /T1_0 1 Tf 5.795 0 Td (\(3,228\))Tj ET 0.5 w q 1 0 0 1 368.5039 334.6538 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 336.0548 Tm ( )Tj ET q 1 0 0 1 459.2126 334.6538 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 336.0548 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.462 Td (232,578)Tj /T1_0 1 Tf 6.978 0 Td (312,110)Tj ET 2.5 w q 1 0 0 1 368.5039 298.4903 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 295.1577 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 296.3912 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 298.4903 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 295.1577 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 296.3912 Tm ( )Tj ET endstream endobj 162 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 2 \226)Tj /T1_1 1 Tf 0.065 Tc 0.07 Tw 13 0 0 13 56.6929 776.409 Tm [(INTERIM)12.3 ( CONDENSED)12.3 ( CONSOLIDATED)12.3 ( STATEMENT)12.3 ( OF)12.4 ( PROFIT)12.4 ( OR)40 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.192 TD (LOSS)Tj /T1_0 1 Tf 0 Tw 13 0 3.4833 13 55.3588 745.409 Tm (For the six months ended 30 June 2020)Tj /T1_1 1 Tf 13 0 0 13 398.9633 714.4089 Tm (For the six months )Tj 0.992 -1.192 Td (ended 30 June)Tj -0.025 Tw 0.695 -1.192 Td (2020)Tj /T1_0 1 Tf 6.978 0 Td (2019)Tj 13 0 3.4833 13 317.3398 667.9089 Tm (Notes)Tj /T1_1 1 Tf 5.623 0 Td (RMB\222000)Tj /T1_0 1 Tf 7.088 0 Td (RMB\222000)Tj /T1_1 1 Tf 13 0 0 13 377.4537 652.4089 Tm (\(Unaudited\))Tj /T1_0 1 Tf 7.313 0 Td (\(Unaudited\))Tj -31.987 -2.385 Td (Revenue)Tj 0 Tc 0 Tw 21.119 0 Td (4)Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw 4.772 0 Td (2,374,606)Tj /T1_0 1 Tf 6.978 0 Td (2,802,239)Tj 0 Tw -32.868 -1.192 Td (Cost of sales)Tj /T1_1 1 Tf -0.025 Tw 25.508 0 Td (\(1,912,838\))Tj /T1_0 1 Tf 6.978 0 Td (\(2,094,054\))Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 368.5039 601.4989 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 602.8999 Tm ( )Tj ET q 1 0 0 1 459.2126 601.4989 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 602.8999 Tm ( )Tj 0.025 Tc -30.527 -2.385 Td (Gross profit)Tj /T1_1 1 Tf -0.025 Tw 26.691 0 Td (461,768)Tj /T1_0 1 Tf 6.978 0 Td (708,185)Tj 0 Tw -33.668 -2.385 Td (Other income and gains)Tj 0 Tc 21.119 0 Td (4)Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw 5.572 0 Td (134,138)Tj /T1_0 1 Tf 6.978 0 Td (123,745)Tj 0 Tw -33.668 -1.192 Td (Selling and distribution expenses)Tj /T1_1 1 Tf -0.025 Tw 26.833 0 Td (\(26,308\))Tj /T1_0 1 Tf 6.978 0 Td (\(51,842\))Tj 0 Tw -33.81 -1.192 Td (Administrative expenses)Tj /T1_1 1 Tf -0.025 Tw 26.308 0 Td (\(106,718\))Tj /T1_0 1 Tf 6.978 0 Td (\(230,077\))Tj 0 Tw -33.285 -1.192 Td (Other expenses)Tj 0 Tc 21.119 0 Td (5)Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw 5.189 0 Td (\(164,000\))Tj /T1_0 1 Tf 6.978 0 Td (\(159,188\))Tj 0 Tw -33.285 -1.192 Td (Finance costs)Tj 0 Tc 21.119 0 Td (6)Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw 5.189 0 Td (\(120,880\))Tj /T1_0 1 Tf 7.503 0 Td (\(95,886\))Tj 0 Tw -33.81 -1.192 Td (Share of profits and losses of:)Tj -0.025 Tw 1.003 -1.192 Td (Associates)Tj /T1_1 1 Tf 25.83 0 Td (\(22,335\))Tj /T1_0 1 Tf 7.361 0 Td (42,628)Tj 0 Tw -33.19 -1.192 Td (Joint ventures)Tj /T1_1 1 Tf -0.025 Tw 26.213 0 Td (35,537)Tj /T1_0 1 Tf 6.978 0 Td (49,972)Tj ET q 1 0 0 1 368.5039 427.9898 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 429.3908 Tm ( )Tj ET q 1 0 0 1 459.2126 427.9898 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 429.3908 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.385 Td (Profit before tax)Tj /T1_0 1 Tf 0 Tc 21.119 0 Td (7)Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw 5.572 0 Td (191,202)Tj /T1_0 1 Tf 6.978 0 Td (387,537)Tj 0 Tw -33.668 -2.385 Td (Income tax expense)Tj 0 Tc 21.119 0 Td (8)Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw 5.714 0 Td (\(33,715\))Tj /T1_0 1 Tf 6.978 0 Td (\(90,518\))Tj ET q 1 0 0 1 368.5039 362.9808 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 364.3818 Tm ( )Tj ET q 1 0 0 1 459.2126 362.9808 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 364.3818 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.385 Td (Profit for the period)Tj -0.025 Tw 26.691 0 Td (157,487)Tj /T1_0 1 Tf 6.978 0 Td (297,019)Tj ET 2.5 w q 1 0 0 1 368.5039 327.8172 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 324.4847 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 325.7182 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 327.8172 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 324.4847 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 325.7182 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.385 Td (Profit for the period attributable to:)Tj /T1_0 1 Tf 1.003 -1.192 Td (Owners of the parent)Tj /T1_1 1 Tf -0.025 Tw 25.688 0 Td (157,696)Tj /T1_0 1 Tf 6.978 0 Td (297,201)Tj 0 Tw -32.665 -1.192 Td (Non-controlling interests)Tj /T1_1 1 Tf -0.025 Tw 27.155 0 Td (\(209\))Tj /T1_0 1 Tf 6.978 0 Td (\(182\))Tj ET 0.5 w q 1 0 0 1 368.5039 259.3082 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 260.7092 Tm ( )Tj ET q 1 0 0 1 459.2126 259.3082 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 260.7092 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -0.025 Tw -3.836 -2.385 Td (157,487)Tj /T1_0 1 Tf 6.978 0 Td (297,019)Tj ET 2.5 w q 1 0 0 1 368.5039 224.1446 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 220.8121 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 222.0456 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 224.1446 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2126 220.8121 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5433 222.0456 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.527 -2.385 Td (EARNINGS PER SHARE )Tj 1.003 -1.192 Td (ATTRIBUTABLE TO ORDINARY )Tj T* (EQUITY HOLDERS OF THE PARENT)Tj /T1_0 1 Tf -0.025 Tw -1.003 -2.385 Td (Basic)Tj 0 Tw 1.003 -1.192 Td (\226 For profit for the period )Tj -0.025 Tw 13 0 3.4833 13 214.6992 113.5456 Tm (\(RMB\))Tj 13 0 0 13 327.8257 113.5456 Tm (10)Tj /T1_1 1 Tf 7.409 0 Td (0.12)Tj /T1_0 1 Tf 6.978 0 Td (0.23)Tj ET 2.5 w q 1 0 0 1 368.504 107.9811 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.504 104.6486 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 105.8821 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2126 107.9811 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 104.6486 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 105.8821 Tm ( )Tj 0.025 Tc -0.025 Tw -30.527 -2.385 Td (Diluted)Tj 0 Tw 1.003 -1.192 Td (\226 For profit for the period )Tj -0.025 Tw 13 0 3.4833 13 214.6992 59.3821 Tm (\(RMB\))Tj 13 0 0 13 327.8258 59.3821 Tm (10)Tj /T1_1 1 Tf 7.409 0 Td (0.12)Tj /T1_0 1 Tf 6.978 0 Td (0.23)Tj ET 2.5 w q 1 0 0 1 368.504 53.8175 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 368.5041 50.485 cm 0 0 m 79.37 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 13 0 0 13 362.8347 51.7185 Tm ( )Tj ET 2.5 w q 1 0 0 1 459.2127 53.8175 cm 0 0 m 79.37 0 l S Q 0.835 w q 1 0 0 1 459.2127 50.485 cm 0 0 m 79.37 0 l S Q BT /T1_0 1 Tf 13 0 0 13 453.5434 51.7185 Tm ( )Tj ET endstream endobj 158 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 1 \226)Tj 0.065 Tc 0.07 Tw 13 0 3.4833 13 55.3588 776.3179 Tm [(Hong)12.1 ( Kong)12.1 ( Exchanges)12 ( and)12.1 ( Clearing)12 ( Limited)12 ( and)12 ( The)12 ( Stock)12.1 ( Exchange)12.1 ( of)12.1 ( Hong)40 ( )]TJ 0.03 Tc 0.078 Tw 0.33 -1.231 Td [(Kong)5 ( )0.5 (Limited)5 ( )0.5 (take)5 ( )0.5 (no)5 ( )0.5 (responsibility)5 ( )0.5 (for)5 ( )0.5 (the)5 ( )0.5 (contents)5 ( )0.5 (of)5 ( )0.6 (this)5 ( )0.5 (announcement,)5 ( )0.5 (make)5 ( )0.5 (no)5 ( )]TJ 0.027 Tc 0.081 Tw 0.33 -1.231 Td [(representation)2 ( )0.5 (as)2 ( )0.5 (to)2 ( )0.5 (its)2 ( )0.5 (accuracy)2 ( )0.5 (or)2 ( )0.5 (completeness)2 ( )0.5 (and)1.9 ( )0.5 (expressly)2 ( )0.5 (disclaim)2 ( any)2 ( )0.5 (liability)2 ( )]TJ 0.025 Tc 0.077 Tw 0.33 -1.231 Td (whatsoever for any loss howsoever arising from or in reliance upon the w\ hole or any )Tj 0 Tw 0.33 -1.231 Td (part of the contents of this announcement.)Tj ET /PlacedPDF /MC0 BDC q 98.801 571.863 397.673 124.715 re W n q 1 0 0 1 195.4498 629.2241 cm 0 0 m 0 5.601 l -2.421 5.601 l -2.421 1.12 l -2.901 0.9 -3.621 0.76 -4.501 0.76 c -7.382 0.76 -9.122 2.841 -9.122 5.601 c -9.122 8.142 -7.642 10.262 -4.181 10.262 c -2.801 10.262 -1.58 9.842 -0.58 9.322 c -0.54 11.582 l -1.5 11.923 -2.741 12.263 -4.421 12.263 c -8.822 12.263 -11.763 9.322 -11.763 5.401 c -11.763 1.66 -9.222 -1.24 -5.101 -1.24 c -2.981 -1.24 -1.2 -0.66 0 0 c 10.519 -1.04 m 10.379 -0.6 10.339 0.1 10.339 1.46 c 10.339 5.201 l 10.339 7.682 8.919 8.642 6.578 8.642 c 5.318 8.642 4.138 8.442 2.878 7.602 c 3.658 6.101 l 4.258 6.461 5.058 6.801 6.098 6.801 c 7.099 6.801 7.899 6.341 7.899 5.201 c 7.899 4.961 l 6.218 4.901 l 3.798 4.821 2.257 3.761 2.257 1.8 c 2.257 -0.06 3.618 -1.24 5.358 -1.24 c 6.618 -1.24 7.479 -0.76 8.099 -0.2 c 8.499 -1.04 l h 7.899 1.26 m 7.579 0.98 7.038 0.66 6.198 0.66 c 5.198 0.66 4.658 1.2 4.658 1.98 c 4.658 2.781 5.238 3.221 6.538 3.261 c 7.899 3.301 l h 21.619 -1.04 m 21.619 5.241 l 21.619 7.782 20.079 8.642 18.639 8.642 c 17.359 8.642 16.338 8.162 15.318 7.402 c 15.058 8.422 l 13.018 8.422 l 13.018 -1.04 l 15.418 -1.04 l 15.418 5.581 l 16.158 6.141 16.978 6.581 17.819 6.581 c 19.039 6.581 19.219 5.501 19.219 4.521 c 19.219 -1.04 l h 30.199 12.703 m 29.579 13.003 28.839 13.123 28.339 13.123 c 27.018 13.123 24.998 12.543 24.998 9.742 c 24.998 8.422 l 23.618 8.422 l 23.618 6.581 l 24.998 6.581 l 24.998 -1.04 l 27.398 -1.04 l 27.398 6.581 l 29.279 6.581 l 29.899 8.422 l 27.398 8.422 l 27.398 9.922 l 27.398 10.742 27.758 11.202 28.519 11.202 c 28.919 11.202 29.339 11.102 29.719 10.942 c h 39.739 3.061 m 39.739 3.761 l 39.739 6.701 38.059 8.642 35.499 8.642 c 32.798 8.642 31.198 6.401 31.198 3.701 c 31.198 1.16 32.598 -1.24 35.899 -1.24 c 37.019 -1.24 38.279 -0.94 39.339 -0.2 c 38.759 1.34 l 37.939 0.9 37.199 0.68 36.299 0.68 c 34.838 0.68 33.678 1.66 33.638 3.061 c h 37.259 4.761 m 33.578 4.761 l 33.578 5.801 34.278 6.841 35.438 6.841 c 36.659 6.841 37.219 5.781 37.259 4.761 c 50.58 -1.04 m 50.58 5.241 l 50.58 7.782 49.039 8.642 47.599 8.642 c 46.319 8.642 45.298 8.162 44.278 7.402 c 44.018 8.422 l 41.978 8.422 l 41.978 -1.04 l 44.378 -1.04 l 44.378 5.581 l 45.118 6.141 45.939 6.581 46.779 6.581 c 47.999 6.581 48.179 5.501 48.179 4.521 c 48.179 -1.04 l h 62.04 -2.621 m 62.04 0.84 55.578 -0.5 55.578 0.92 c 55.578 1.22 55.658 1.42 55.818 1.68 c 56.218 1.54 56.598 1.5 57.099 1.5 c 59.219 1.5 60.979 2.841 60.979 4.901 c 60.979 5.981 60.639 6.681 60.079 7.282 c 60.459 7.442 60.919 7.382 61.42 7.282 c 61.92 9.062 l 60.339 9.222 59.499 8.842 58.939 8.322 c 58.879 8.242 58.819 8.202 58.699 8.262 c 58.279 8.502 57.659 8.682 56.899 8.682 c 54.338 8.682 52.978 6.941 52.978 5.141 c 52.978 3.941 53.598 2.761 54.618 2.24 c 53.818 1.74 53.418 1.06 53.418 0.48 c 53.418 0.06 53.598 -0.46 54.058 -0.7 c 53.098 -1.12 52.318 -1.88 52.318 -2.961 c 52.318 -4.481 53.978 -5.761 56.819 -5.761 c 60.379 -5.761 62.04 -4.261 62.04 -2.621 c 58.619 5.081 m 58.619 3.921 57.879 3.341 56.939 3.341 c 55.878 3.341 55.258 4.181 55.258 5.181 c 55.258 6.261 55.958 6.841 56.839 6.841 c 57.959 6.841 58.619 5.961 58.619 5.081 c 59.419 -2.881 m 59.419 -3.621 58.399 -4.061 57.019 -4.061 c 55.378 -4.061 54.378 -3.381 54.378 -2.581 c 54.378 -1.92 54.858 -1.56 55.178 -1.34 c 56.238 -1.78 59.419 -1.66 59.419 -2.881 c 76.357 -1.04 m 76.357 1 l 71.636 1 l 71.636 12.143 l 69.216 12.143 l 69.216 -1.04 l h 81.057 11.342 m 81.057 12.143 80.396 12.783 79.556 12.783 c 78.736 12.783 78.076 12.123 78.076 11.342 c 78.076 10.522 78.736 9.882 79.556 9.882 c 80.396 9.882 81.057 10.542 81.057 11.342 c 80.757 8.422 -2.401 -9.462 re 90.097 -0.22 m 89.457 1.3 l 89.097 1.06 88.477 0.78 87.877 0.78 c 87.257 0.78 86.977 1.12 86.977 1.86 c 86.977 6.621 l 89.217 6.621 l 89.917 8.422 l 86.977 8.422 l 86.977 11.322 l 84.576 10.602 l 84.576 8.422 l 82.896 8.422 l 82.896 6.621 l 84.576 6.621 l 84.576 0.98 l 84.576 -0.3 85.236 -1.24 86.917 -1.24 c 87.837 -1.24 89.117 -0.92 90.097 -0.22 c 100.418 -1.04 m 100.418 5.161 l 100.418 7.942 98.857 8.642 97.397 8.642 c 96.177 8.642 95.136 8.122 94.256 7.402 c 94.256 13.123 l 91.856 13.123 l 91.856 -1.04 l 94.256 -1.04 l 94.256 5.541 l 94.896 6.081 95.737 6.541 96.557 6.541 c 97.837 6.541 97.997 5.541 97.997 4.481 c 97.997 -1.04 l h 105.996 11.342 m 105.996 12.143 105.336 12.783 104.496 12.783 c 103.676 12.783 103.016 12.123 103.016 11.342 c 103.016 10.522 103.676 9.882 104.496 9.882 c 105.336 9.882 105.996 10.542 105.996 11.342 c 105.696 8.422 -2.401 -9.462 re 117.157 -1.04 m 116.997 -0.56 116.977 0.12 116.977 1.58 c 116.977 8.422 l 114.577 8.422 l 114.577 1.44 l 114.177 1.08 113.537 0.66 112.756 0.66 c 111.596 0.66 111.056 1.4 111.056 2.581 c 111.056 8.422 l 108.656 8.422 l 108.656 2.44 l 108.656 -0.6 110.616 -1.24 111.856 -1.24 c 113.116 -1.24 114.097 -0.7 114.757 -0.1 c 115.177 -1.04 l h 134.239 -1.04 m 134.239 5.381 l 134.239 7.862 132.738 8.642 131.118 8.642 c 130.078 8.642 128.837 8.162 127.737 7.222 c 127.297 8.102 126.437 8.642 125.257 8.642 c 124.156 8.642 123.076 8.182 122.036 7.382 c 121.796 8.422 l 119.775 8.422 l 119.775 -1.04 l 122.176 -1.04 l 122.176 5.641 l 122.796 6.141 123.596 6.601 124.456 6.601 c 125.617 6.601 125.817 5.721 125.817 4.661 c 125.817 -1.04 l 128.217 -1.04 l 128.217 5.301 l 128.217 5.421 128.217 5.561 128.197 5.641 c 128.817 6.141 129.618 6.601 130.478 6.601 c 131.658 6.601 131.858 5.761 131.858 4.701 c 131.858 -1.04 l h 152.656 0 m 151.996 1.74 l 150.996 1.2 149.955 0.86 148.755 0.86 c 146.034 0.86 144.354 2.921 144.354 5.581 c 144.354 8.062 145.874 10.282 148.935 10.282 c 150.115 10.282 151.176 10.002 152.276 9.342 c 152.296 11.542 l 151.516 11.983 150.275 12.263 148.875 12.263 c 144.534 12.263 141.734 9.202 141.734 5.421 c 141.734 1.66 144.174 -1.24 148.375 -1.24 c 149.795 -1.24 151.196 -0.88 152.656 0 c 163.796 3.721 m 163.796 5.161 163.355 6.401 162.535 7.282 c 161.695 8.142 160.515 8.642 159.055 8.642 c 157.674 8.642 156.534 8.142 155.694 7.302 c 154.814 6.401 154.314 5.121 154.314 3.641 c 154.314 2.12 154.834 0.82 155.774 -0.06 c 156.594 -0.82 157.714 -1.24 159.035 -1.24 c 160.455 -1.24 161.615 -0.74 162.455 0.12 c 163.335 1 163.796 2.28 163.796 3.721 c 161.335 3.701 m 161.335 1.92 160.575 0.62 159.075 0.62 c 157.614 0.62 156.754 1.86 156.754 3.701 c 156.754 5.461 157.494 6.741 159.015 6.741 c 160.495 6.741 161.335 5.521 161.335 3.701 c 168.614 0.12 m 168.614 0.94 167.994 1.56 167.234 1.56 c 166.454 1.56 165.834 0.94 165.834 0.12 c 165.834 -0.68 166.454 -1.3 167.234 -1.3 c 167.994 -1.3 168.614 -0.68 168.614 0.12 c 173.454 1.34 m 171.214 0.92 l 171.414 -0.56 171.354 -1.62 170.634 -3.081 c 172.094 -3.701 l 173.394 -2.24 173.834 -0.44 173.454 1.34 c 188.814 -1.04 m 188.814 1 l 184.093 1 l 184.093 12.143 l 181.672 12.143 l 181.672 -1.04 l h 196.914 -0.22 m 196.273 1.3 l 195.913 1.06 195.293 0.78 194.693 0.78 c 194.073 0.78 193.793 1.12 193.793 1.86 c 193.793 6.621 l 196.033 6.621 l 196.734 8.422 l 193.793 8.422 l 193.793 11.322 l 191.392 10.602 l 191.392 8.422 l 189.712 8.422 l 189.712 6.621 l 191.392 6.621 l 191.392 0.98 l 191.392 -0.3 192.053 -1.24 193.733 -1.24 c 194.653 -1.24 195.933 -0.92 196.914 -0.22 c 207.094 -0.48 m 207.094 13.123 l 204.693 13.123 l 204.693 8.562 l 204.353 8.622 203.973 8.642 203.493 8.642 c 200.432 8.642 198.252 6.561 198.252 3.621 c 198.252 0.42 200.572 -1.24 203.393 -1.24 c 205.013 -1.24 206.194 -0.94 207.094 -0.48 c 204.693 0.88 m 204.413 0.8 203.993 0.74 203.613 0.74 c 201.773 0.74 200.652 2.02 200.652 3.741 c 200.652 5.601 201.873 6.741 203.573 6.741 c 204.093 6.741 204.373 6.681 204.693 6.601 c h 212.273 0.12 m 212.273 0.94 211.652 1.56 210.892 1.56 c 210.112 1.56 209.492 0.94 209.492 0.12 c 209.492 -0.68 210.112 -1.3 210.892 -1.3 c 211.652 -1.3 212.273 -0.68 212.273 0.12 c f Q q 1 0 0 1 199.1297 608.9149 cm 0 0 m -0.527 0.493 -0.935 0.884 -1.479 1.326 c -1.581 1.394 -1.785 1.36 -1.819 1.309 c -2.669 0.204 l -5.031 0.204 l -5.031 10.386 l -0.561 10.386 l -0.476 10.42 -0.34 10.386 -0.306 10.505 c -0.34 10.726 l -0.867 11.236 -1.343 11.627 -1.921 12.069 c -2.21 12.052 l -3.043 10.862 l -10.216 10.862 l -9.893 10.25 l -9.536 10.301 -9.128 10.386 -8.771 10.386 c -6.493 10.369 l -6.493 0.221 l -11.661 0.221 l -11.219 -0.425 l -10.777 -0.34 -10.301 -0.255 -10.012 -0.255 c -0.102 -0.255 l 0.051 -0.255 0.085 -0.102 0 0 c -10.539 10.709 m -10.522 11.032 -10.811 11.338 -11.032 11.542 c -11.593 11.933 -12.732 12.426 -13.735 12.681 c -13.888 12.375 l -13.174 11.746 -12.936 11.525 -12.358 10.828 c -11.967 10.352 -11.78 9.4 -11.253 9.417 c -10.777 9.553 -10.556 10.012 -10.539 10.709 c -12.052 6.697 m -11.916 7.122 -12.018 7.615 -12.375 7.887 c -13.174 8.482 -14.126 8.754 -15.094 8.992 c -15.213 8.754 l -14.687 8.261 -14.211 7.734 -13.803 7.156 c -13.497 6.697 -13.259 6.204 -12.902 5.813 c -12.8 5.762 -12.664 5.745 -12.562 5.813 c -12.341 6.085 -12.154 6.374 -12.052 6.697 c -9.842 9.366 m -10.182 9.502 l -10.284 9.213 l -11.457 6.612 l -11.899 5.626 -12.375 4.624 -12.902 3.655 c -13.361 3.06 -14.245 3.196 -14.924 3.281 c -15.043 2.941 l -14.67 2.822 -14.313 2.635 -13.99 2.448 c -13.361 2.108 -13.412 1.343 -13.463 0.714 c -13.531 0.068 -13.939 -0.561 -13.616 -1.156 c -13.276 -1.547 -12.834 -1.819 -12.307 -1.819 c -12.137 -1.768 -11.967 -1.632 -11.899 -1.496 c -11.729 -0.731 -11.882 0.238 -11.916 0.969 c -11.916 1.139 -11.933 1.36 -11.899 1.496 c -11.916 1.921 -11.848 2.329 -11.763 2.72 c -11.44 4.114 -11.015 5.49 -10.607 6.833 c h 18.972 11.423 m 18.955 11.644 l 18.513 12.086 18.122 12.409 17.561 12.868 c 17.272 12.885 l 16.422 11.78 l 3.436 11.78 l 3.878 11.151 l 4.252 11.253 4.626 11.338 4.813 11.338 c 9.096 11.338 l 9.096 8.142 l 7.056 8.142 l 6.512 8.499 5.985 8.856 5.407 9.145 c 5.458 6.765 l 5.458 1.989 l 5.407 -1.615 l 5.526 -1.785 l 5.696 -1.768 5.883 -1.7 6.291 -1.564 c 6.648 -1.428 6.971 -1.292 6.971 -1.139 c 6.988 0.017 l 15.776 0.017 l 15.776 -1.581 l 15.793 -1.683 15.861 -1.768 15.963 -1.768 c 16.422 -1.717 17.289 -1.377 17.289 -1.173 c 17.255 0.748 l 17.255 7.139 l 17.306 7.241 l 17.425 7.479 18.088 7.717 17.85 8.006 c 17.408 8.363 17.034 8.669 16.575 8.992 c 16.473 9.06 16.303 9.043 16.252 8.958 c 15.64 8.159 l 13.516 8.159 l 13.499 11.338 l 18.734 11.338 l 18.836 11.338 18.921 11.372 18.972 11.423 c 12.105 8.159 m 10.49 8.142 l 10.541 11.338 l 12.105 11.338 l h 15.776 4.199 m 13.856 4.199 l 13.72 4.216 13.55 4.301 13.499 4.454 c 13.499 7.717 l 15.776 7.717 l h 15.776 0.442 m 6.971 0.442 l 6.971 7.717 l 9.079 7.717 l 9.13 5.728 8.773 3.791 7.532 2.295 c 7.124 1.802 l 7.379 1.547 l 8.637 2.312 9.861 3.536 10.167 4.93 c 10.439 5.762 10.405 6.816 10.49 7.717 c 12.122 7.717 l 12.122 3.825 l 12.122 3.179 12.547 2.958 12.972 2.873 c 13.346 2.788 14.145 2.788 15.776 2.788 c h 30.346 1.836 m 30.346 1.207 30.312 0.697 30.278 -0.068 c 30.278 -0.17 30.431 -0.272 30.533 -0.221 c 30.992 -0.102 31.247 0.017 31.434 0.119 c 31.604 0.306 l 31.604 0.646 l 35.309 0.646 l 35.309 0.374 l 35.309 0.255 35.462 0.187 35.581 0.204 c 35.921 0.306 36.176 0.408 36.329 0.476 c 36.448 0.527 36.533 0.612 36.533 0.765 c 36.482 2.074 l 36.465 4.114 l 36.55 4.301 36.72 4.352 36.873 4.505 c 36.856 4.777 l 35.87 5.388 l 35.581 5.406 l 35.156 4.862 l 31.723 4.862 l 31.23 5.031 30.771 5.303 30.278 5.474 c 30.312 4.964 30.346 4.454 30.346 3.927 c h 35.292 2.414 -3.723 0.748 re 35.292 3.638 -3.723 0.748 re 35.292 1.122 -3.723 0.799 re 29.989 1.547 m 30.091 1.547 30.142 1.683 30.057 1.802 c 29.598 2.261 29.496 2.414 29.054 2.822 c 28.782 2.822 l 28.17 2.023 l 27.048 2.023 l 27.031 3.383 l 27.847 3.383 l 27.83 2.924 l 27.864 2.873 27.932 2.771 28.051 2.788 c 28.289 2.873 28.663 3.009 28.884 3.128 c 28.986 3.196 29.088 3.298 29.088 3.417 c 29.054 4.828 l 29.054 6.357 l 29.105 6.493 l 29.241 6.714 29.717 6.799 29.496 7.122 c 29.054 7.394 28.901 7.496 28.442 7.751 c 28.136 7.751 l 27.626 7.156 l 25.28 7.156 l 24.686 7.445 24.295 7.632 23.768 7.785 c 23.819 7.258 23.836 6.646 23.836 6.085 c 23.836 4.148 l 23.836 3.723 23.785 3.213 23.768 2.805 c 23.751 2.652 23.802 2.55 23.921 2.567 c 24.329 2.618 24.55 2.72 24.856 2.856 c 24.958 2.907 25.06 2.975 25.06 3.111 c 25.06 3.383 l 25.722 3.383 l 25.722 2.023 l 22.646 2.023 l 23.02 1.462 l 23.292 1.513 23.53 1.547 23.768 1.547 c 25.722 1.547 l 25.722 0.493 25.722 -0.595 25.654 -1.734 c 25.637 -1.819 25.722 -1.938 25.841 -1.921 c 26.13 -1.853 26.47 -1.734 26.844 -1.547 c 26.98 -1.496 27.065 -1.394 27.082 -1.258 c 27.099 -0.408 27.048 0.595 27.048 1.547 c h 27.847 5.49 -2.805 1.19 re 27.847 3.859 -2.805 1.156 re 34.8 11.746 m 32.488 11.763 l 32.641 11.967 32.811 12.256 33.049 12.511 c 33.219 12.579 33.355 12.613 33.525 12.715 c 33.627 12.766 33.61 12.885 33.542 12.936 c 33.049 13.208 32.522 13.463 31.995 13.65 c 31.706 12.052 30.822 10.641 29.768 9.383 c 29.989 9.23 l 30.584 9.655 31.162 10.182 31.672 10.709 c 31.723 10.777 l 32.029 10.301 32.488 9.842 32.93 9.451 c 31.791 8.652 30.601 7.989 29.292 7.598 c 29.394 7.462 l 29.547 7.275 l 30.975 7.632 32.335 8.193 33.61 8.941 c 34.613 8.295 35.632 7.7 36.822 7.53 c 37.009 8.142 37.638 8.397 38.233 8.448 c 38.352 8.754 l 37.689 8.754 37.043 8.839 36.414 8.941 c 35.734 9.06 35.021 9.213 34.443 9.502 c 34.885 9.842 35.343 10.182 35.751 10.607 c 36.04 10.998 36.397 11.083 36.805 11.219 c 36.924 11.27 36.958 11.389 36.873 11.491 c 36.448 11.814 36.159 12.069 35.802 12.341 c 35.683 12.409 35.513 12.409 35.428 12.341 c h 34.715 11.27 m 34.426 10.794 33.967 10.301 33.508 9.91 c 32.981 10.25 32.454 10.658 32.012 11.117 c 32.148 11.287 l h 27.558 11.066 m 27.422 10.59 l 27.252 9.978 26.98 9.213 26.708 8.703 c 22.714 8.703 l 23.088 8.125 l 23.394 8.176 23.666 8.227 23.921 8.227 c 30.227 8.227 l 30.363 8.227 30.431 8.329 30.38 8.431 c 29.496 9.434 l 29.19 9.434 l 28.663 8.703 l 27.184 8.737 l 27.677 9.111 27.966 9.536 28.357 10.08 c 28.442 10.199 28.799 10.216 28.918 10.318 c 29.02 10.437 28.935 10.556 28.884 10.607 c 28 11.066 l 29.989 11.066 l 30.091 11.066 30.159 11.236 30.074 11.338 c 29.088 12.256 l 28.884 12.239 l 28.425 11.542 l 27.099 11.542 l 27.303 11.831 27.49 12.137 27.473 12.494 c 27.456 12.664 27.32 12.851 27.15 12.97 c 26.538 13.361 25.79 13.395 25.043 13.48 c 24.958 13.225 l 25.603 12.885 26.011 12.154 26.266 11.542 c 23.054 11.542 l 23.394 10.964 l 23.734 11.015 23.955 11.066 24.244 11.066 c h 24.278 10.709 m 24.686 10.267 24.958 9.757 25.077 9.213 c 25.145 9.077 25.161 8.89 25.348 8.822 c 25.535 8.771 25.705 8.856 25.841 8.975 c 26.011 9.179 26.215 9.502 26.113 9.859 c 25.943 10.165 l 25.62 10.471 25.246 10.658 24.856 10.794 c 24.669 10.862 24.55 10.896 24.397 10.913 c h 35.819 6.136 m 33.899 6.136 l 33.916 7.088 l 35.683 7.088 l 35.734 7.275 l 34.715 8.108 l 34.511 8.108 l 34.052 7.564 l 30.788 7.564 l 31.128 7.003 l 31.383 7.054 31.638 7.088 31.808 7.088 c 32.675 7.088 l 32.675 6.136 l 29.428 6.136 l 29.768 5.542 l 30.159 5.609 30.346 5.66 30.55 5.66 c 37.519 5.66 l 37.621 5.66 37.74 5.83 37.604 5.932 c 37.196 6.289 37.009 6.442 36.567 6.799 c 36.38 6.782 l h 28.272 -1.989 m 29.887 -1.802 31.434 -1.292 32.896 -0.68 c 33.083 -0.629 33.27 -0.731 33.44 -0.646 c 33.61 -0.544 33.491 -0.408 33.423 -0.34 c 33.032 -0.051 32.692 0.187 32.25 0.476 c 31.009 -0.561 29.598 -1.275 28.102 -1.717 c h 33.355 0.068 m 33.576 -0.034 l 34.851 -0.629 35.717 -1.241 36.72 -2.125 c 36.856 -2.176 37.009 -2.142 37.111 -2.04 c 37.23 -1.921 37.298 -1.7 37.281 -1.496 c 37.264 -1.02 36.941 -0.578 36.482 -0.391 c 35.547 0 34.511 0.204 33.457 0.306 c h 57.358 7.156 m 57.358 7.428 l 56.916 7.462 56.474 7.496 56.032 7.581 c 54.86 7.802 53.721 8.091 52.718 8.72 c 53.84 9.859 l 54.129 10.148 54.452 10.607 54.724 10.896 c 54.775 10.947 55.539 11.287 55.267 11.525 c 54.758 11.967 54.554 12.12 53.976 12.511 c 53.874 12.596 53.67 12.562 53.636 12.511 c 53.092 11.797 l 50.593 11.797 l 50.933 12.46 l 51.001 12.596 51.29 12.63 51.46 12.783 c 51.545 12.885 51.528 13.004 51.443 13.055 c 50.933 13.327 50.457 13.599 49.93 13.803 c 49.556 11.95 48.774 10.063 47.873 8.295 c 48.128 8.142 l 48.774 8.958 49.233 9.604 49.896 10.539 c 49.947 10.641 l 50.27 10.012 50.644 9.349 51.137 8.771 c 50.525 8.159 49.845 7.615 49.131 7.156 c 48.689 6.867 48.23 6.595 47.754 6.391 c 47.567 6.561 47.448 6.663 47.227 6.833 c 47.125 6.901 46.955 6.85 46.921 6.816 c 46.343 6.068 l 45.748 6.068 l 45.748 7.887 l 47.754 7.887 l 47.873 7.887 47.907 8.108 47.822 8.176 c 47.414 8.618 47.244 8.788 46.819 9.213 c 46.734 9.315 46.53 9.298 46.479 9.213 c 45.85 8.414 l 43.607 8.414 l 44.304 9.434 44.831 10.556 45.459 11.627 c 45.952 11.236 46.326 10.862 46.717 10.369 c 47.074 10.097 47.125 9.417 47.703 9.451 c 47.89 9.485 48.026 9.672 48.094 9.859 c 48.213 10.216 48.179 10.641 47.941 10.93 c 47.295 11.559 46.428 11.746 45.612 12.001 c 45.85 12.443 l 45.884 12.528 46.598 12.647 46.36 12.936 c 45.816 13.225 45.221 13.497 44.542 13.803 c 44.253 11.967 43.641 10.284 42.825 8.686 c 41.414 5.915 l 41.669 5.796 l 42.247 6.459 42.774 7.156 43.267 7.887 c 44.525 7.887 l 44.525 6.068 l 42.128 6.068 l 42.502 5.422 l 42.893 5.507 43.046 5.542 43.216 5.542 c 44.542 5.542 l 44.542 4.08 l 44.542 1.139 l 41.55 0.459 l 42.128 -0.765 l 42.213 -0.935 42.417 -0.952 42.587 -0.731 c 43.658 -0.221 44.525 0.102 45.595 0.561 c 48.196 1.683 l 48.111 1.938 l 47.312 1.768 46.547 1.598 45.748 1.445 c 45.748 1.751 l 46.445 2.346 47.142 3.009 47.771 3.655 c 47.992 3.774 48.332 3.791 48.383 3.876 c 48.502 3.978 48.4 4.131 48.315 4.199 c 47.057 4.981 l 46.955 4.998 l 46.666 4.131 46.292 3.349 45.748 2.567 c 45.748 5.542 l 48.196 5.542 l 48.366 5.643 l 48.451 5.83 48.247 5.932 48.162 6.034 c 49.454 6.578 50.712 7.207 51.885 8.04 c 52.99 7.139 54.248 6.527 55.59 6.136 c 55.896 6.714 56.763 7.088 57.358 7.156 c 56.576 1.139 m 56.287 1.428 55.879 1.802 55.369 2.21 c 55.267 2.278 55.098 2.278 55.064 2.21 c 54.435 1.394 l 52.361 1.394 l 52.361 2.89 l 55.42 2.873 l 55.539 2.873 55.573 3.026 55.522 3.128 c 54.979 3.604 54.809 3.791 54.384 4.148 c 54.265 4.233 54.112 4.199 54.061 4.148 c 53.534 3.417 l 52.344 3.417 l 52.344 4.828 l 55.76 4.828 l 55.879 4.828 55.879 5.015 55.811 5.066 c 55.437 5.49 55.115 5.711 54.707 6.068 c 54.656 6.136 54.452 6.187 54.384 6.068 c 53.772 5.371 l 52.361 5.354 l 52.361 5.949 l 52.361 6.017 52.769 6.272 52.939 6.459 c 53.007 6.544 52.973 6.663 52.871 6.714 c 52.293 6.935 51.749 7.105 51.052 7.326 c 51.103 5.354 l 48.009 5.354 l 48.383 4.709 l 48.825 4.811 49.063 4.828 49.284 4.828 c 51.086 4.828 l 51.086 3.417 l 48.927 3.4 l 49.284 2.771 l 49.641 2.822 49.845 2.856 50.134 2.89 c 51.069 2.89 l 51.069 1.394 l 47.72 1.394 l 48.145 0.731 l 48.502 0.782 48.791 0.867 48.978 0.867 c 51.069 0.867 l 51.052 -1.87 l 51.052 -2.023 51.188 -2.057 51.324 -2.023 c 51.46 -2.006 51.851 -1.836 52.191 -1.683 c 52.293 -1.649 52.395 -1.547 52.395 -1.428 c 52.361 -0.714 52.378 0.102 52.378 0.867 c 56.491 0.867 l 56.644 0.867 56.661 1.037 56.576 1.139 c 44.219 2.992 m 43.896 3.706 43.301 4.267 42.723 4.862 c 42.502 4.726 l 43.012 3.876 43.114 2.873 43.08 1.853 c 43.165 1.683 l 43.25 1.598 43.352 1.564 43.471 1.564 c 43.76 1.581 43.947 1.768 44.134 2.091 c 44.287 2.431 44.338 2.72 44.219 2.992 c 53.126 11.304 m 52.786 10.641 52.327 9.978 51.766 9.383 c 51.188 9.808 50.593 10.454 50.202 11.083 c 50.321 11.304 l h 76.075 -0.714 m 75.599 -0.272 75.124 0.051 74.614 0.459 c 74.325 0.459 l 73.611 -0.493 l 71.588 -0.493 l 71.588 2.482 l 75.429 2.482 l 75.531 2.703 l 75.073 3.128 74.648 3.485 74.104 3.927 c 74.002 4.012 73.866 3.978 73.781 3.91 c 72.982 2.975 l 71.571 2.975 l 71.571 5.456 l 73.407 5.456 l 73.407 4.845 l 73.407 4.692 73.526 4.641 73.662 4.675 c 74.019 4.811 74.206 4.862 74.563 5.015 c 74.665 5.049 74.767 5.167 74.767 5.286 c 74.733 7.377 l 74.75 11.185 l 74.75 11.321 75.497 11.746 75.208 11.984 c 74.121 12.834 l 73.798 12.834 l 73.152 12.018 l 68.868 12.018 l 68.341 12.29 67.933 12.528 67.355 12.8 c 67.406 11.1 l 67.406 7.785 l 67.389 4.624 l 67.389 4.505 67.525 4.42 67.695 4.488 c 67.967 4.59 68.324 4.726 68.562 4.845 c 68.681 4.913 68.732 5.049 68.732 5.167 c 68.732 5.456 l 70.262 5.456 l 70.262 2.975 l 66.896 2.975 l 67.304 2.346 l 67.61 2.431 67.865 2.482 68.154 2.482 c 70.279 2.499 l 70.262 -0.493 l 65.655 -0.493 l 65.978 -1.088 l 66.743 -0.986 l 75.99 -0.986 l 76.109 -0.952 76.16 -0.799 76.075 -0.714 c 67.304 1.156 m 67.304 1.275 67.253 1.36 67.236 1.479 c 66.369 1.343 65.536 1.139 64.636 1.037 c 64.636 1.734 l 65.4 2.38 66.012 3.026 66.726 3.74 c 66.845 3.842 67.168 3.808 67.27 3.91 c 67.219 4.199 l 66.046 5.167 l 65.978 5.167 l 65.57 4.182 65.23 3.315 64.636 2.499 c 64.636 5.779 l 67.1 5.779 l 67.168 5.796 67.202 5.915 67.134 6.017 c 66.692 6.476 66.352 6.782 65.944 7.156 c 65.638 7.156 l 64.976 6.255 l 64.619 6.255 l 64.619 8.295 l 66.573 8.295 l 66.709 8.295 66.726 8.516 66.658 8.584 c 65.587 9.485 l 65.519 9.587 65.349 9.57 65.281 9.502 c 64.636 8.788 l 62.613 8.805 l 63.208 9.791 63.718 10.811 64.262 11.831 c 65.146 11.236 65.842 10.369 66.369 9.468 c 66.471 9.383 66.624 9.332 66.76 9.366 c 67.015 9.468 67.083 9.74 67.168 9.944 c 67.304 10.284 67.253 10.692 67.015 10.981 c 66.267 11.678 65.298 11.899 64.381 12.222 c 64.449 12.409 l 64.517 12.545 64.908 12.596 65.078 12.8 c 65.01 13.004 l 64.449 13.31 63.888 13.599 63.293 13.837 c 62.953 11.984 62.46 10.284 61.627 8.686 c 60.386 6.323 l 60.641 6.136 l 61.253 6.935 61.814 7.564 62.273 8.295 c 63.378 8.295 l 63.378 6.255 l 61.049 6.255 l 61.423 5.643 l 61.678 5.711 61.984 5.779 62.188 5.779 c 63.395 5.779 l 63.395 0.799 l 62.477 0.646 61.559 0.51 60.641 0.391 c 61.219 -0.918 l 61.27 -1.02 61.508 -1.071 61.678 -0.833 c 62.528 -0.476 63.14 -0.255 64.007 0.034 c h 63.038 2.958 m 62.783 3.774 62.001 4.403 61.474 5.049 c 61.253 4.913 l 61.746 4.046 61.967 2.958 61.899 1.836 c 61.916 1.717 62.001 1.649 62.103 1.598 c 62.341 1.462 62.494 1.649 62.664 1.751 c 63.021 2.04 63.191 2.499 63.038 2.958 c 73.407 9.077 -1.836 2.448 re 70.228 9.077 -1.513 2.448 re 73.407 5.949 -1.836 2.635 re 70.228 5.949 -1.513 2.635 re 87.925 2.652 m 89.115 0.595 91.291 -0.476 93.365 -1.173 c 93.654 -0.493 94.385 -0.153 95.031 0.034 c 95.099 0.323 l 94.266 0.391 l 92.124 0.561 90.101 1.275 88.469 2.652 c 94.385 2.652 l 94.555 2.652 94.555 2.839 94.504 2.958 c 93.994 3.417 93.62 3.655 93.144 4.029 c 92.957 4.148 92.804 4.114 92.719 4.029 c 92.039 3.179 l 87.959 3.162 l 87.891 3.179 l 87.891 4.573 l 93.297 4.573 l 93.382 4.59 93.484 4.675 93.45 4.777 c 93.059 5.219 92.549 5.507 92.039 5.881 c 91.92 5.966 91.75 6 91.665 5.881 c 91.036 5.083 l 87.874 5.083 l 87.874 6.323 l 93.467 6.323 l 93.688 6.323 l 93.841 6.323 93.892 6.476 93.756 6.612 c 93.297 7.088 93.008 7.309 92.413 7.836 c 92.107 7.836 l 91.257 6.85 l 88.605 6.867 l 89.098 7.241 89.591 7.649 90.05 8.108 c 90.288 8.329 90.951 8.21 90.815 8.516 c 90.475 8.805 90.186 8.907 89.88 9.128 c 94.691 9.128 l 94.793 9.162 94.878 9.298 94.844 9.4 c 94.436 9.876 93.943 10.199 93.484 10.624 c 93.416 10.692 93.195 10.726 93.127 10.624 c 92.396 9.655 l 89.336 9.655 l 89.336 9.961 l 89.88 10.148 90.39 10.42 90.9 10.692 c 91.427 10.981 91.903 11.355 92.447 11.627 c 92.634 11.678 92.855 11.661 92.991 11.763 c 92.991 11.984 l 92.549 12.392 92.073 12.715 91.597 13.055 c 91.529 13.055 l 90.968 12.052 90.186 11.117 89.319 10.369 c 89.336 11.049 89.302 11.763 89.353 12.426 c 89.438 12.647 89.761 12.681 89.846 12.868 c 89.795 13.106 l 89.234 13.327 88.571 13.548 87.908 13.684 c 87.993 12.273 87.976 11.474 87.976 9.655 c 86.361 9.655 l 86.361 11.678 l 86.344 12.477 l 86.344 12.613 86.905 12.749 86.871 12.97 c 86.871 13.072 86.769 13.14 86.701 13.191 c 86.123 13.378 85.596 13.548 84.934 13.735 c 85.07 12.392 85.002 11.049 85.002 9.655 c 79.613 9.655 l 80.004 8.992 l 80.531 9.077 80.786 9.145 81.313 9.145 c 83.744 9.128 l 84.441 8.516 84.577 7.717 84.917 6.85 c 80.633 6.85 l 80.99 6.17 l 81.381 6.238 81.687 6.323 82.01 6.323 c 86.395 6.323 l 86.395 5.083 l 81.568 5.083 l 81.959 4.42 l 82.996 4.573 l 86.31 4.573 l 86.412 4.573 l 86.412 3.179 l 79.817 3.179 l 80.293 2.516 l 80.718 2.618 81.075 2.652 81.585 2.652 c 84.645 2.635 l 83.268 0.935 81.364 -0.119 79.477 -1.037 c 79.681 -1.547 80.14 -1.071 80.48 -1.071 c 82.673 -0.442 84.679 0.646 86.412 2.312 c 86.412 1.581 l 86.344 -1.87 l 86.548 -2.006 l 87.024 -1.887 87.772 -1.598 87.84 -1.445 c 87.908 -1.309 87.857 -0.816 87.874 -0.119 c h 84.05 11.372 m 83.523 12.239 82.52 12.562 81.636 12.868 c 81.517 12.596 l 82.248 11.967 82.707 11.1 83.098 10.284 c 83.149 10.148 83.2 10.029 83.336 9.961 c 83.472 9.91 83.625 9.961 83.727 10.029 c 84.033 10.335 84.288 10.879 84.05 11.372 c 89.03 9.128 m 88.741 8.346 88.316 7.615 87.806 6.85 c 85.562 6.85 l 85.8 7.224 86.14 7.53 86.021 8.006 c 85.8 8.601 85.172 8.873 84.679 9.128 c h 113.612 7.751 m 112.847 8.635 l 112.745 8.754 112.592 8.686 112.541 8.618 c 112.269 8.397 111.997 8.329 111.623 8.329 c 111.147 8.329 110.773 8.261 110.773 8.516 c 110.773 11.236 l 110.909 11.491 111.215 11.508 111.419 11.712 c 111.385 11.95 l 110.96 12.273 110.552 12.545 110.11 12.834 c 110.025 12.885 109.872 12.902 109.77 12.817 c 109.311 12.137 l 108.019 12.137 l 107.475 12.409 106.948 12.732 106.37 12.902 c 106.557 11.899 106.523 10.981 106.404 9.808 c 106.285 8.771 105.843 7.819 105.096 7.088 c 104.892 6.901 104.671 6.663 104.433 6.578 c 104.45 11.151 l 104.484 11.321 l 104.671 11.491 104.875 11.576 105.028 11.763 c 105.096 11.865 105.079 11.984 104.994 12.052 c 103.77 12.902 l 103.481 12.902 l 102.988 12.239 l 101.526 12.239 l 100.965 12.511 100.404 12.766 99.843 12.936 c 99.894 11.814 l 99.911 8.312 l 99.894 4.369 l 99.894 2.465 99.163 0.221 98.126 -1.581 c 98.364 -1.734 l 99.741 -0.17 100.795 1.53 101.05 3.621 c 101.101 3.995 101.169 4.42 101.169 4.828 c 103.107 4.828 l 103.107 0.663 l 103.039 0.51 102.903 0.391 102.733 0.408 c 100.761 0.595 l 100.778 0.493 100.744 0.408 100.744 0.306 c 101.101 0.238 101.424 0.102 101.747 -0.068 c 102.291 -0.289 102.495 -0.918 102.614 -1.411 c 103.022 -1.241 l 103.617 -0.918 104.433 -0.527 104.433 0.221 c 104.45 6.527 l 104.671 6.374 l 105.367 6.595 105.979 7.037 106.54 7.53 c 107.713 8.55 107.781 10.216 107.9 11.661 c 109.413 11.661 l 109.413 8.346 l 109.464 7.887 l 109.6 7.36 110.042 7.258 110.433 7.19 c 111.453 7.105 112.558 7.037 113.51 7.343 c 113.663 7.411 113.646 7.615 113.612 7.751 c 114.037 -0.323 m 112.354 -0.017 110.756 0.476 109.379 1.513 c 109.974 2.329 110.314 3.145 110.722 4.012 c 110.892 4.369 111.028 4.641 111.266 5.185 c 111.504 5.354 111.691 5.406 111.929 5.575 c 111.946 5.881 l 110.688 6.901 l 110.586 6.986 110.416 6.952 110.348 6.884 c 109.736 6.187 l 109.668 6.187 l 105.028 6.187 l 105.401 5.575 l 105.588 5.609 105.877 5.711 106.047 5.711 c 106.353 5.711 l 106.523 4.182 106.982 2.703 107.781 1.428 c 106.659 0.017 105.181 -1.037 103.651 -1.853 c 103.838 -2.108 l 104.331 -1.955 l 105.86 -1.479 107.271 -0.629 108.546 0.51 c 109.498 -0.374 110.552 -1.224 111.674 -1.768 c 112.099 -0.969 112.966 -0.595 113.901 -0.663 c h 103.073 8.771 -1.819 2.992 re 109.719 5.711 m 109.43 4.539 109.039 3.434 108.393 2.414 c 107.543 3.332 107.084 4.505 106.829 5.728 c h 103.073 5.303 m 101.203 5.303 l 101.254 6.119 101.254 7.564 101.254 8.295 c 103.073 8.295 l h 132.975 7.122 m 132.788 7.207 132.601 7.292 132.397 7.394 c 131.071 8.023 129.609 9.094 128.776 10.522 c 128.419 11.117 128.266 11.848 128.147 12.494 c 128.147 12.766 128.708 12.834 128.555 13.089 c 128.164 13.327 127.722 13.463 127.297 13.616 c 127.331 13.123 127.399 12.647 127.467 12.171 c 127.807 9.774 128.997 7.598 131.088 6.034 c 131.445 6.34 131.615 6.561 132.108 6.731 c 132.482 6.867 132.669 6.85 132.924 6.884 c h 126.481 11.729 m 126.566 11.865 126.566 11.984 126.43 12.052 c 125.784 12.29 125.393 12.443 124.595 12.681 c 124.51 12.307 124.459 12.137 124.391 11.848 c 123.813 9.332 122.759 7.037 121.331 4.896 c 121.535 4.76 l 123.694 6.578 124.85 8.941 125.937 11.321 c h 130.408 6.255 m 129.898 6.68 129.592 6.952 129.116 7.258 c 129.014 7.343 128.844 7.309 128.81 7.241 c 128.3 6.612 l 123.507 6.612 l 123.864 5.915 l 124.068 5.983 124.578 6.085 124.748 6.085 c 125.003 6.085 l 125.003 5.015 124.85 3.842 124.612 2.839 c 124.187 1.003 122.878 -0.459 121.399 -1.734 c 121.484 -1.768 121.501 -1.904 121.603 -1.938 c 122.47 -1.513 123.303 -0.986 124.051 -0.272 c 125.852 1.411 126.277 3.638 126.447 6.085 c 128.657 6.085 l 128.691 4.369 128.64 2.533 128.334 0.799 c 128.198 0.374 128.011 0.102 127.637 0.068 c 126.906 0.102 126.294 0.272 125.614 0.425 c 125.546 0.119 l 126.396 -0.136 127.467 -0.765 127.552 -1.785 c 128.368 -1.428 129.456 -0.935 129.66 0.068 c 130.017 1.87 130.068 3.757 130.119 5.643 c 130.255 5.847 130.595 6.102 130.408 6.255 c 122.827 12.426 m 122.912 12.494 122.929 12.647 122.776 12.732 c 122.232 13.038 121.671 13.293 121.093 13.497 c 120.923 12.698 120.651 11.916 120.379 11.151 c 119.818 9.621 119.257 8.125 118.356 6.731 c 116.945 4.539 l 117.183 4.369 l 118.186 5.185 119.036 6.187 119.75 7.19 c 119.869 7.258 l 119.869 0.867 l 119.818 -1.938 l 119.835 -2.04 119.92 -2.125 120.039 -2.091 c 120.413 -2.04 120.77 -1.836 121.093 -1.649 c 121.161 -1.615 121.246 -1.513 121.246 -1.36 c 121.178 2.176 l 121.195 7.717 l 121.195 7.87 121.705 8.227 121.501 8.363 c 120.787 8.805 l 121.365 9.842 121.858 10.879 122.3 11.967 c h 151.505 10.811 m 151.012 11.304 150.655 11.593 149.958 12.137 c 149.856 12.222 149.669 12.205 149.601 12.103 c 149.312 11.763 149.108 11.457 148.836 11.1 c 143.533 11.083 l 143.618 11.27 l 143.992 12.018 l 144.128 12.239 144.502 12.443 144.808 12.613 c 144.927 12.698 144.91 12.817 144.859 12.885 c 144.196 13.31 143.448 13.633 142.751 13.871 c 142.428 12.902 142.139 12.001 141.697 11.1 c 136.189 11.083 l 136.546 10.369 l 137.175 10.454 137.583 10.556 137.872 10.556 c 141.442 10.556 l 140.303 7.938 138.144 5.677 135.985 3.757 c 136.189 3.519 l 137.566 4.403 138.994 5.354 140.269 6.544 c 140.269 2.295 l 140.167 -1.615 l 140.32 -1.836 l 140.762 -1.802 141.136 -1.632 141.544 -1.462 c 141.629 -1.428 141.731 -1.343 141.748 -1.241 c 141.731 0.153 l 141.731 2.72 l 146.745 2.72 l 146.83 2.72 l 146.83 0.289 l 146.796 0.153 146.677 0.051 146.524 0.068 c 145.793 0.119 145.063 0.238 144.349 0.323 c 144.281 -0.068 l 144.57 -0.17 144.876 -0.323 145.148 -0.476 c 145.878 -0.867 146.201 -1.258 146.388 -2.023 c 147.102 -1.734 148.292 -1.428 148.292 -0.476 c 148.309 4.709 l 148.326 7.292 l 148.36 7.428 l 148.547 7.632 149.176 7.921 148.87 8.159 c 148.36 8.567 148.003 8.771 147.731 8.941 c 147.629 9.009 147.476 9.026 147.408 8.941 c 146.643 8.21 l 141.68 8.244 l 142.241 8.975 142.751 9.774 143.227 10.556 c 151.369 10.556 l 151.488 10.573 151.539 10.692 151.505 10.811 c 146.83 5.762 m 141.748 5.779 l 141.748 7.666 l 146.83 7.666 l h 146.83 3.213 -5.099 2.023 re 170.715 -0.357 m 169.219 0.272 167.774 1.071 166.601 2.414 c 166.346 2.703 166.21 2.907 166.04 3.196 c 167.196 3.4 168.488 3.91 169.389 4.267 c 169.933 4.267 l 170.052 4.284 170.12 4.42 170.086 4.522 c 169.678 4.998 169.236 5.439 168.76 5.881 c 168.692 5.898 l 167.961 5.049 166.992 4.216 166.074 3.604 c 165.853 3.485 l 165.276 4.335 164.851 5.456 164.664 6.374 c 166.89 6.357 l 166.873 5.558 l 166.924 5.439 l 167.043 5.303 167.23 5.388 167.366 5.439 c 167.893 5.626 168.216 5.762 168.216 5.949 c 168.216 11.61 l 168.335 11.865 168.675 11.865 168.845 12.086 c 168.777 12.341 l 168.505 12.528 167.961 12.851 167.485 13.157 c 167.23 13.14 l 166.737 12.409 l 163.066 12.409 l 161.859 13.004 l 161.468 13.174 l 161.502 12.035 l 161.502 7.836 l 161.502 5.422 l 161.502 0.187 l 161.468 -0.085 l 161.417 -0.255 161.145 -0.408 161.196 -0.527 c 161.4 -0.935 161.655 -1.36 161.91 -1.751 c 162.131 -2.091 162.403 -1.972 162.437 -1.598 c 162.879 -1.088 163.083 -0.969 163.661 -0.425 c 165.53 1.343 l 165.361 1.547 l 163.032 0.408 l 162.913 0.374 l 162.913 6.221 l 162.913 6.357 l 164.188 6.357 l 164.273 5.694 164.375 4.947 164.545 4.301 c 165.157 1.989 166.839 -0.153 168.777 -1.598 c 169.134 -1.02 169.967 -0.612 170.681 -0.595 c h 166.856 11.933 m 166.856 9.74 l 162.93 9.74 l 162.93 11.916 l h 166.873 6.833 -3.944 2.431 re 160.057 13.174 m 159.938 13.276 159.751 13.259 159.683 13.174 c 159.122 12.426 l 157.626 12.426 l 157.116 12.715 156.572 12.902 156.045 13.157 c 156.079 9.689 l 156.079 2.244 l 156.062 -1.938 l 156.062 -2.261 156.538 -2.091 156.742 -1.989 c 157.218 -1.734 157.473 -1.564 157.473 -1.377 c 157.456 0.187 l 157.473 2.992 l 157.473 3.451 l 157.558 3.4 l 158.204 3.179 158.85 2.584 158.901 1.853 c 159.207 1.938 159.479 2.108 159.768 2.278 c 160.55 2.737 160.907 3.468 160.941 4.267 c 160.992 5.966 159.819 7.275 158.476 8.159 c 159.224 9.315 159.955 10.437 160.635 11.593 c 160.839 11.712 161.077 11.78 161.281 11.933 c 161.4 12.035 161.298 12.188 161.213 12.256 c h 159.139 11.95 m 158.901 10.794 158.578 9.91 158.17 8.55 c 158 7.989 l 158.918 6.918 159.87 5.558 159.343 4.114 c 159.292 3.961 159.139 3.842 159.02 3.757 c 158.493 3.638 157.949 3.774 157.456 3.876 c 157.456 11.066 l 157.456 11.95 l h 189.806 5.354 m 188.565 5.779 187.511 6.578 186.491 7.564 c 185.115 8.907 184.316 10.505 183.806 12.222 c 183.67 12.698 184.265 12.664 184.469 12.936 c 184.401 13.191 l 183.84 13.395 183.262 13.548 182.667 13.684 c 182.871 12.851 182.99 12.341 183.177 11.61 c 183.806 9.213 184.639 7.224 186.117 5.524 c 186.457 5.219 186.78 4.777 187.154 4.488 c 187.596 4.93 188.174 5.117 188.803 5.151 c 189.194 5.134 189.449 5.134 189.738 5.099 c h 174.372 3.791 m 175.629 4.811 l 177.805 6.578 179.25 8.856 180.61 11.134 c 180.746 11.372 181.086 11.236 181.239 11.423 c 181.222 11.695 l 180.661 12.12 179.726 12.613 179.182 12.851 c 179.063 12.137 178.723 11.321 178.451 10.675 c 177.414 8.244 175.969 6.136 174.117 4.063 c h 178.927 0.476 m 177.805 0.442 l 179.505 1.989 181.018 4.08 182.191 6.102 c 182.395 6.306 182.684 6.238 182.905 6.357 c 182.888 6.646 l 182.293 7.071 181.613 7.445 180.882 7.802 c 180.423 5.932 179.522 4.267 178.553 2.618 c 177.754 1.275 177.431 0.799 176.666 0.544 c 175.952 0.425 175.578 0.578 175.765 0.136 c 176.377 -1.309 l 176.462 -1.615 176.921 -1.479 176.972 -1.173 c 177.584 -0.969 177.822 -0.833 178.451 -0.731 c 181.188 -0.272 l 183.925 0.085 l 184.792 0.17 l 185.081 -0.833 l 185.234 -1.156 185.183 -1.717 185.658 -1.802 c 186.032 -1.87 186.236 -1.496 186.406 -1.258 c 186.797 -0.663 186.916 0.221 186.491 0.85 c 185.522 2.261 184.163 3.502 182.735 4.454 c 182.463 4.233 l 183.364 3.162 184.129 1.955 184.52 0.748 c 181.885 0.595 l h 204.206 9.111 m 203.815 9.536 203.407 10.063 202.897 10.471 c 202.591 10.488 l 201.622 9.349 l 193.242 9.349 l 193.616 8.737 l 194.194 8.839 194.398 8.839 194.602 8.839 c 204.053 8.839 l 204.172 8.856 204.24 8.992 204.206 9.111 c 207.282 11.746 m 207.282 11.967 l 206.772 12.443 206.347 12.783 205.82 13.157 c 205.582 13.174 l 204.886 12.341 l 194.67 12.341 l 195.18 11.695 l 195.604 11.814 196.063 11.882 196.352 11.882 c 205.039 11.882 l 205.039 11.661 l 205.039 0.323 l 204.971 0.204 204.852 0.119 204.699 0.136 c 203.679 0.187 202.642 0.238 201.656 0.425 c 201.622 0.068 l 202.183 -0.034 202.71 -0.255 203.186 -0.51 c 203.747 -0.816 204.189 -1.377 204.189 -1.989 c 204.682 -1.887 205.124 -1.7 205.548 -1.513 c 206.228 -1.224 206.517 -0.629 206.517 -0.051 c 206.534 11.083 l 206.585 11.253 l h 202.761 6.136 m 202.812 6.238 202.761 6.34 202.676 6.408 c 201.435 7.326 l 201.299 7.428 201.18 7.411 201.078 7.326 c 200.432 6.714 l 197.27 6.714 l 196.743 6.969 196.216 7.241 195.655 7.445 c 195.706 6.595 l 195.706 3.264 l 195.638 0.748 l 195.672 0.646 195.757 0.595 195.859 0.578 c 196.012 0.544 196.641 0.867 196.845 0.952 c 197.015 1.054 197.151 1.173 197.151 1.36 c 197.151 2.601 l 200.619 2.601 l 200.619 1.445 l 200.653 1.207 201.605 1.581 202.047 1.887 c 202.149 1.955 202.183 1.989 202.183 2.193 c 202.098 5.49 l 202.166 5.813 202.557 5.932 202.761 6.136 c 200.619 3.094 -3.468 3.128 re f Q Q BT /T1_1 1 Tf 0 Tc 9.9999 0 0 9.9999 102.2598 592.4938 Tm (\()Tj 0.015 Tc -0.015 Tw 0.349 0 Td (A )Tj 0 Tc 0 Tw 0.891 0 Td (j)Tj 0.294 0 Td (o)Tj 0.515 0 Td (i)Tj 0.294 0 Td (n)Tj 0.515 0 Td (t)Tj 0.294 0 Td ( )Tj 0.016 Tc -0.016 Tw 0.265 0 Td (st)Tj 0 Tc 0 Tw (o)Tj 0.016 Tc -0.016 Tw 1.214 0 Td (ck)Tj 0 Tc 0 Tw ( )Tj 0.016 Tc -0.016 Tw 1.185 0 Td (comp)Tj 0 Tc 0 Tw (a)Tj 0.016 Tc -0.016 Tw 2.745 0 Td (ny)Tj 0 Tc 0 Tw ( )Tj 1.241 0 Td (i)Tj 0.294 0 Td (n)Tj 0.515 0 Td (c)Tj 0.46 0 Td (o)Tj 0.515 0 Td (r)Tj 0.015 Tc -0.015 Tw 0.405 0 Td (po)Tj 0 Tc 0 Tw (r)Tj 1.435 0 Td (a)Tj 0.016 Tc -0.016 Tw 0.515 0 Td (te)Tj 0.015 Tc 0 Tw (d i)Tj 0 Tc (n)Tj 2.343 0 Td ( )Tj 0.265 0 Td (t)Tj 0.294 0 Td (h)Tj 0.016 Tc 0.515 0 Td (e Pe)Tj 0.015 Tc -0.015 Tw (op)Tj 0.016 Tc -0.016 Tw (le\222s)Tj 0 Tc 0 Tw ( )Tj 0.016 Tc -0.016 Tw 4.616 0 Td (Re)Tj 0 Tc 0 Tw (p)Tj 1.602 0 Td (u)Tj 0.516 0 Td (b)Tj 0.016 Tc -0.016 Tw 0.515 0 Td (lic)Tj 0 Tc 0.015 Tw ( o)Tj 0 Tw 1.828 0 Td (f)Tj 0.294 0 Td ( )Tj 0.016 Tc -0.016 Tw 0.265 0 Td (Ch)Tj 0 Tc 0 Tw (i)Tj 0.016 Tc -0.016 Tw 1.492 0 Td (na)Tj 0 Tc 0 Tw ( )Tj 1.297 0 Td (w)Tj 0.683 0 Td (i)Tj 0.016 Tc -0.016 Tw 0.293 0 Td (th)Tj 0.015 Tc 0 Tw ( li)Tj 0 Tc (m)Tj 0.015 Tc -0.015 Tw 2.399 0 Td (it)Tj 0 Tc 0 Tw (e)Tj 0.015 Tc 1.046 0 Td (d l)Tj 0 Tc (i)Tj 1.367 0 Td (a)Tj 0.515 0 Td (b)Tj 0.015 Tc -0.015 Tw 0.516 0 Td (ili)Tj 0.016 Tc -0.016 Tw (ty)Tj 0 Tc 0 Tw (\))Tj /T1_2 1 Tf 0.029 Tc -0.029 Tw 12.4999 0 0 12.4999 241.3257 576.2438 Tm (\(Sto)Tj 0.03 Tc -0.03 Tw (ck)Tj 0 Tc 0 Tw ( )Tj 3.177 0 Td (C)Tj 0.029 Tc -0.029 Tw 0.752 0 Td (od)Tj 0.03 Tc -0.03 Tw (e:)Tj 0 Tc 0.029 Tw ( 1)Tj 0 Tw 2.759 0 Td (7)Tj 0.029 Tc -0.029 Tw 0.53 0 Td (72)Tj 0 Tc 0 Tw (\))Tj ET q 151.699 632.098 288.932 64.48 re W n 0.1 1 1 0 k /GS1 gs q 1 0 0 1 242.0766 675.1403 cm 0 0 m -0.489 -0.548 -0.743 -1.496 -0.763 -2.843 c -0.763 -20.566 l 3.655 -20.566 l 3.655 -9.351 l 7.778 -9.351 l 7.778 -5.876 l 3.655 -5.876 l 3.655 -3.443 l 3.649 -2.896 3.909 -2.622 4.436 -2.622 c 7.778 -2.622 l 7.778 0.821 l 2.281 0.821 l 1.249 0.821 0.489 0.547 0 0 c f Q 0.9 0.45 0.9 0.05 k q 1 0 0 1 313.9298 675.9617 cm 0 0 m -4.836 0 l -4.836 -21.387 l 9.541 -21.387 l 9.541 -17.059 l 0 -17.059 l h f Q 325.947 654.574 4.423 15.985 re f 325.947 672.455 4.423 3.507 re f q 1 0 0 1 337.2767 675.9578 cm 0 0 m -4.431 0 l -4.431 -18.256 l -4.43 -18.783 -4.398 -19.193 -4.338 -19.488 c -4.205 -20.141 -3.913 -20.62 -3.461 -20.926 c -3.009 -21.231 -2.341 -21.384 -1.456 -21.384 c 3.694 -21.384 l 3.694 -17.909 l 0.806 -17.909 l 0.342 -17.909 0.08 -17.761 0.02 -17.466 c 0.007 -17.403 0.001 -17.266 0 -17.056 c 0 -8.873 l 3.694 -8.873 l 3.694 -5.398 l 0 -5.398 l h f Q q 1 0 0 1 346.9623 670.5596 cm 0 0 m 0 5.402 l -4.495 5.402 l -4.495 -15.985 l 0 -15.985 l 0 -4.36 l 0.011 -4.002 0.079 -3.765 0.202 -3.649 c 0.326 -3.533 0.546 -3.475 0.862 -3.475 c 7.465 -3.475 l 7.991 -3.475 8.289 -3.644 8.358 -3.981 c 8.366 -4.023 8.371 -4.15 8.372 -4.36 c 8.372 -15.985 l 12.789 -15.985 l 12.789 -3.128 l 12.791 -2.728 12.752 -2.328 12.671 -1.927 c 12.529 -1.232 12.233 -0.737 11.784 -0.442 c 11.334 -0.148 10.677 0 9.814 0 c 2.801 0 l h f Q 0.1 1 1 0 k q 1 0 0 1 180.2194 675.6694 cm 0 0 m 3.973 -3.973 l 19.624 -3.973 l 19.624 0.292 l 1.903 0.292 l 1.135 0.292 0.504 0.192 0 0 c f Q q 1 0 0 1 186.8368 663.5463 cm 0 0 m 8.544 0 l 8.544 -3.42 l 13.006 -7.883 l 13.006 3.443 l 0 3.443 l h f Q q 1 0 0 1 184.1634 658.6813 cm 0 0 m -0.316 0 -0.545 0.036 -0.686 0.11 c -0.827 0.184 -0.92 0.326 -0.962 0.537 c -0.975 0.6 -0.983 0.737 -0.983 0.948 c -0.997 11.847 l -5.146 15.996 l -5.503 15.399 -5.691 14.587 -5.704 13.553 c -5.704 -0.379 l -5.719 -0.927 -5.686 -1.401 -5.604 -1.801 c -5.445 -2.58 -5.09 -3.159 -4.539 -3.538 c -3.988 -3.918 -3.176 -4.107 -2.101 -4.107 c 14.575 -4.107 l 10.468 0 l h f Q 0.9 0.45 0.9 0.05 k 362.227 654.574 4.423 15.985 re f 362.227 672.455 4.423 3.507 re f 0.1 1 1 0 k q 1 0 0 1 218.1226 670.1014 cm 0 0 m -0.441 0.305 -1.125 0.458 -2.052 0.458 c -15.803 0.458 l -15.803 -3.017 l -4.314 -3.017 l -4.019 -3.017 -3.809 -3.064 -3.685 -3.159 c -3.56 -3.254 -3.481 -3.386 -3.446 -3.554 c -3.416 -3.702 -3.403 -3.818 -3.407 -3.902 c -3.485 -11.736 l -10.878 -11.736 l -11.278 -11.736 -11.506 -11.6 -11.562 -11.326 c -11.574 -11.262 -11.582 -11.199 -11.584 -11.136 c -11.59 -10.939 -11.579 -9.425 -11.582 -9.209 c -11.587 -8.872 -11.538 -8.651 -11.433 -8.546 c -11.328 -8.44 -11.128 -8.388 -10.833 -8.388 c -5.005 -8.388 l -5.005 -5.671 l -13.075 -5.671 l -13.876 -5.671 -14.486 -5.823 -14.906 -6.129 c -15.326 -6.434 -15.598 -6.892 -15.723 -7.503 c -15.783 -7.798 -15.81 -8.187 -15.803 -8.672 c -15.803 -12.526 l -15.81 -13.011 -15.783 -13.4 -15.723 -13.695 c -15.598 -14.306 -15.326 -14.764 -14.906 -15.069 c -14.486 -15.375 -13.876 -15.527 -13.075 -15.527 c 0.955 -15.527 l 0.955 -2.67 l 0.952 -2.143 0.922 -1.733 0.861 -1.437 c 0.729 -0.785 0.441 -0.306 0 0 c f Q q 1 0 0 1 267.0881 670.1014 cm 0 0 m -0.41 0.305 -1.015 0.458 -1.815 0.458 c -12.69 0.458 l -13.849 0.458 -14.646 0.205 -15.079 -0.3 c -15.513 -0.806 -15.737 -1.595 -15.75 -2.67 c -15.75 -12.4 l -15.748 -12.926 -15.717 -13.337 -15.657 -13.632 c -15.524 -14.285 -15.231 -14.764 -14.779 -15.069 c -14.328 -15.375 -13.649 -15.527 -12.743 -15.527 c 0.867 -15.527 l 0.867 -11.894 l -10.545 -11.894 l -10.819 -11.894 -11.015 -11.863 -11.133 -11.799 c -11.252 -11.736 -11.33 -11.61 -11.369 -11.42 c -11.381 -11.357 -11.39 -11.289 -11.395 -11.215 c -11.399 -11.142 -11.402 -4.123 y -11.402 -4.017 -11.399 -3.928 -11.395 -3.854 c -11.39 -3.78 -11.381 -3.712 -11.369 -3.649 c -11.33 -3.459 -11.252 -3.333 -11.133 -3.27 c -11.015 -3.207 -10.819 -3.175 -10.545 -3.175 c -10.458 -3.175 l -4.159 -3.175 l -3.885 -3.175 -3.689 -3.207 -3.571 -3.27 c -3.453 -3.333 -3.374 -3.459 -3.336 -3.649 c -3.323 -3.712 -3.314 -3.78 -3.31 -3.854 c -3.305 -3.928 -3.303 -4.017 -3.302 -4.123 c -3.302 -6.176 l -9.783 -6.176 l -9.783 -8.83 l 0.867 -8.83 l 0.867 -2.543 l 0.869 -2.143 0.878 -1.753 0.801 -1.374 c 0.677 -0.764 0.41 -0.306 0 0 c f Q 0 0 0 0.8 k q 1 0 0 1 361.555 685.2148 cm 0 0 m 4.671 0 l 4.671 1.173 l 0 1.173 l 0 2.216 l 5.03 2.216 l 5.03 3.454 l 0 3.454 l 0 4.496 l -2.246 4.496 l -2.246 3.454 l -7.277 3.454 l -7.277 2.216 l -2.246 2.216 l -2.246 1.173 l -6.917 1.173 l -6.917 0 l -2.246 0 l -2.246 -1.107 l -7.906 -1.107 l -7.906 -2.346 l -2.246 -2.346 l -2.246 -4.301 l 0 -4.301 l 0 -2.346 l 5.837 -2.346 l 5.837 -1.107 l 0 -1.107 l h f Q q 1 0 0 1 407.3007 682.6906 cm 0 0 m 0 12.755 l -2.425 12.755 l -2.425 0 l -6.368 0 l -6.368 12.755 l -8.883 12.755 l -8.883 0 l -15.454 0 l -15.461 -1.777 l 6.574 -1.777 l 6.581 0 l h f Q q 1 0 0 1 397.3632 685.4589 cm 0 0 m -0.418 1.657 -1.392 4.046 -2.388 7.166 c -4.606 7.004 l -3.93 4.775 -3.258 2.369 -2.587 -0.212 c h f Q q 1 0 0 1 412.6932 692.4628 cm 0 0 m -2.219 0.162 l -3.214 -2.958 -3.92 -5.347 -4.339 -7.004 c -2.019 -7.216 l -1.348 -4.635 -0.675 -2.229 0 0 c f Q q 1 0 0 1 339.0214 693.1649 cm 0 0 m -0.779 0.303 -1.588 0.716 -2.426 1.238 c 2.514 1.238 l 1.736 0.716 0.896 0.303 0 0 c -10.421 -0.848 m -11.768 -0.848 l -11.409 -0.717 l -12.577 0.847 l -9.253 0.847 l -9.612 0.368 -10.002 -0.196 -10.421 -0.848 c 4.67 1.173 m 4.67 2.345 l -1.258 2.345 l -0.96 2.606 -0.69 2.888 -0.45 3.192 c -2.426 3.388 l -3.385 2.258 -4.582 1.324 -6.02 0.586 c -5.541 0.237 -5.121 -0.065 -4.762 -0.326 c -4.284 -0.022 -3.863 0.26 -3.504 0.521 c -2.966 0.129 -2.368 -0.239 -1.707 -0.587 c -2.906 -0.935 -4.343 -1.196 -6.02 -1.369 c -6.02 -0.848 l -8.534 -0.848 l -7.367 0.716 l -8.355 0.847 l -6.468 0.847 l -6.468 2.019 l -9.924 2.019 l -9.924 3.413 l -11.863 3.413 l -11.863 2.019 l -15.271 2.019 l -15.271 0.847 l -13.295 0.847 l -14.374 0.716 l -14.013 0.195 -13.654 -0.326 -13.295 -0.848 c -15.81 -0.848 l -15.81 -1.955 l -6.02 -1.955 l -6.02 -1.695 l -5.839 -1.868 -5.66 -2.151 -5.48 -2.542 c -3.266 -2.238 -1.408 -1.825 0.089 -1.304 c 1.526 -1.739 3.263 -2.085 5.3 -2.346 c 6.018 -1.174 l 4.34 -1.043 2.963 -0.826 1.886 -0.522 c 2.843 -0.088 3.772 0.477 4.67 1.173 c f Q q 1 0 0 1 339.6497 683.7811 cm 0 0 m 0.179 0.478 0.299 1.042 0.36 1.694 c -1.707 1.694 l -1.408 -0.261 -3.265 -1.324 -7.277 -1.499 c -7.097 -1.802 -6.798 -2.259 -6.378 -2.867 c -3.444 -2.519 -1.588 -1.911 -0.809 -1.042 c 0.629 -1.476 2.425 -2.063 4.58 -2.802 c 5.389 -1.433 l 4.908 -1.303 4.161 -1.129 3.144 -0.913 c 1.764 -0.522 0.718 -0.218 0 0 c f Q q 1 0 0 1 343.871 683.5206 cm 0 0 m 0 2.554 l 0 3.087 -0.46 3.519 -1.028 3.519 c -9.971 3.519 l -9.971 -0.196 l -7.995 -0.196 l -7.995 2.411 l -1.975 2.411 l -1.975 0 l h f Q q 1 0 0 1 333.3613 688.8635 cm 0 0 m 0 -1.042 l 11.408 -1.042 l 11.408 0 l 6.557 0 l 6.557 0.913 l 9.611 0.913 l 9.611 1.89 l 1.527 1.89 l 1.527 0.913 l 4.671 0.913 l 4.671 0 l h f Q 330.397 686.193 -4.492 1.042 re 325.906 689.19 4.492 -1.043 re 324.11 690.297 m 324.11 685.084 l 327.164 685.084 l 327.164 683.977 l 323.211 683.977 l 323.211 682.804 l 327.164 682.804 l 327.164 680.914 l 329.14 680.914 l 329.14 682.804 l 332.284 682.804 l 332.284 683.977 l 329.14 683.977 l 329.14 685.084 l 332.284 685.084 l 332.284 688.856 l 332.284 689.652 331.596 690.297 330.748 690.297 c h f 382.152 688.603 -3.144 2.079 re 384.308 690.682 3.054 -2.079 re 384.308 693.946 3.054 -2.085 re 379.008 693.946 3.144 -2.085 re 376.941 695.445 m 376.941 687.17 l 382.152 687.17 l 382.152 685.541 l 376.941 685.541 l 376.941 684.107 l 382.152 684.107 l 382.152 682.69 l 375.954 682.69 l 375.954 680.914 l 390.5 680.914 l 390.5 682.69 l 384.308 682.69 l 384.308 684.107 l 389.518 684.107 l 389.518 685.541 l 384.308 685.541 l 384.308 687.17 l 389.518 687.17 l 389.518 693.975 l 389.518 694.787 388.817 695.445 387.951 695.445 c h f q 1 0 0 1 357.9923 693.816 cm 0 0 m 0.093 0.065 l 5.928 0.065 l 5.002 -0.631 3.952 -1.216 2.779 -1.694 c 1.79 -1.26 0.864 -0.696 0 0 c 8.522 0 m 8.522 1.368 l 1.389 1.368 l 1.512 1.499 1.668 1.694 1.852 1.955 c 2.099 2.172 2.253 2.346 2.316 2.477 c -0.094 2.672 l -1.144 1.238 -2.564 0.043 -4.354 -0.913 c -4.354 0.522 l -7.874 0.522 l -7.814 0.695 -7.69 0.934 -7.503 1.238 c -7.258 1.716 -7.072 2.085 -6.948 2.346 c -9.264 2.607 l -9.944 0.869 -10.931 -0.717 -12.228 -2.151 c -12.105 -2.281 -11.89 -2.52 -11.579 -2.867 c -11.334 -3.171 -11.148 -3.411 -11.024 -3.584 c -10.839 -3.454 l -10.839 -3.975 l -9.501 -3.975 l -9.502 -5.734 l -12.048 -5.734 l -12.048 -7.168 l -9.502 -7.168 l -9.504 -11.228 l -9.502 -11.44 -9.486 -11.606 -9.455 -11.724 c -9.388 -11.987 -9.245 -12.18 -9.025 -12.304 c -8.806 -12.426 -8.481 -12.488 -8.053 -12.488 c -5.204 -12.488 l -5.207 -10.711 l -6.972 -10.711 l -7.196 -10.711 -7.323 -10.652 -7.353 -10.533 c -7.36 -10.507 -7.362 -7.168 y -5.204 -7.168 l -5.204 -5.734 l -7.365 -5.734 l -7.362 -3.975 l -5.231 -3.974 -5.188 -3.975 v -5.188 -2.542 l -10.097 -2.542 l -9.542 -1.977 -9.11 -1.433 -8.801 -0.913 c -4.447 -0.913 l -3.954 -1.303 -3.551 -1.717 -3.243 -2.151 c -2.501 -1.759 -1.885 -1.391 -1.39 -1.042 c -0.773 -1.564 -0.094 -2.02 0.648 -2.411 c -0.833 -2.759 -2.626 -3.041 -4.725 -3.258 c -4.603 -3.388 -4.447 -3.628 -4.263 -3.975 c -4.015 -4.28 -3.86 -4.519 -3.799 -4.691 c -1.02 -4.301 1.172 -3.823 2.779 -3.258 c 4.384 -3.78 6.577 -4.193 9.356 -4.497 c 9.416 -4.41 9.509 -4.258 9.633 -4.04 c 9.942 -3.563 10.126 -3.258 10.19 -3.128 c 8.151 -2.954 6.452 -2.716 5.095 -2.411 c 6.391 -1.759 7.534 -0.956 8.522 0 c f Q q 1 0 0 1 373.6094 682.6899 cm 0 0 m -0.224 0 -0.351 0.059 -0.382 0.178 c -0.387 0.205 -0.391 0.259 -0.392 0.344 c -0.395 0.587 -0.389 3.544 y 1.675 3.544 l 1.675 4.978 l -0.391 4.978 l -0.391 6.737 l 1.675 6.737 l 1.675 8.17 l -3.086 8.17 l -2.547 8.735 -2.128 9.278 -1.828 9.799 c 2.483 9.799 l 2.484 11.198 2.483 11.233 v -0.931 11.233 l -0.871 11.406 -0.751 11.645 -0.571 11.95 c -0.333 12.428 -0.153 12.797 -0.033 13.057 c -2.278 13.318 l -2.937 11.58 -3.895 9.995 -5.152 8.562 c -5.033 8.431 -4.824 8.192 -4.523 7.845 c -4.285 7.541 -4.106 7.301 -3.984 7.128 c -3.805 7.259 l -3.805 6.737 l -2.547 6.737 l -2.548 4.978 l -5.062 4.978 l -5.062 3.544 l -2.548 3.544 l -2.551 -0.516 l -2.548 -0.727 -2.532 -0.893 -2.502 -1.012 c -2.435 -1.275 -2.292 -1.469 -2.072 -1.591 c -1.852 -1.715 -1.529 -1.776 -1.1 -1.776 c 1.678 -1.776 l 1.674 0 l h f Q 0.1 1 1 0 k q 1 0 0 1 226.8771 666.7371 cm 0 0 m -0.526 0 -0.824 -0.169 -0.893 -0.505 c -0.901 -0.548 -0.906 -0.674 -0.907 -0.885 c -0.907 -12.163 l -5.324 -12.163 l -5.324 0.695 l -5.326 1.095 -5.287 1.495 -5.206 1.895 c -5.064 2.591 -4.768 3.085 -4.319 3.38 c -3.869 3.675 -3.212 3.823 -2.349 3.823 c 8.985 3.823 l 9.848 3.823 10.505 3.675 10.955 3.38 c 11.404 3.085 11.7 2.591 11.842 1.895 c 11.923 1.495 11.963 1.095 11.96 0.695 c 11.96 -12.163 l 7.543 -12.163 l 7.543 -0.885 l 7.542 -0.674 7.537 -0.548 7.529 -0.505 c 7.46 -0.169 7.162 0 6.636 0 c h f Q q 1 0 0 1 275.7561 666.7371 cm 0 0 m -0.526 0 -0.824 -0.169 -0.893 -0.505 c -0.901 -0.548 -0.906 -0.674 -0.907 -0.885 c -0.907 -12.163 l -5.324 -12.163 l -5.324 0.695 l -5.326 1.095 -5.287 1.495 -5.206 1.895 c -5.064 2.591 -4.768 3.085 -4.319 3.38 c -3.869 3.675 -3.212 3.823 -2.349 3.823 c 8.985 3.823 l 9.848 3.823 10.505 3.675 10.955 3.38 c 11.404 3.085 11.7 2.591 11.842 1.895 c 11.923 1.495 11.963 1.095 11.96 0.695 c 11.96 -12.163 l 7.543 -12.163 l 7.543 -0.885 l 7.542 -0.674 7.537 -0.548 7.529 -0.505 c 7.46 -0.169 7.162 0 6.636 0 c h f Q q 1 0 0 1 302.2142 666.7371 cm 0 0 m 0 -14.122 l -0.012 -14.479 -0.073 -14.722 -0.184 -14.848 c -0.295 -14.975 -0.53 -15.038 -0.888 -15.038 c -12.022 -15.038 l -12.022 -18.86 l 1.344 -18.86 l 2.502 -18.86 3.299 -18.607 3.733 -18.102 c 4.167 -17.597 4.39 -16.807 4.403 -15.733 c 4.403 3.823 l -9.047 3.823 l -9.91 3.823 -10.567 3.675 -11.017 3.38 c -11.466 3.085 -11.762 2.591 -11.904 1.895 c -11.985 1.495 -12.024 1.095 -12.022 0.695 c -12.022 -9.035 l -12.02 -9.562 -11.989 -9.973 -11.929 -10.267 c -11.796 -10.92 -11.503 -11.4 -11.051 -11.705 c -10.6 -12.01 -9.931 -12.163 -9.047 -12.163 c -1.512 -12.163 l -1.512 -8.562 l -6.758 -8.562 l -7.243 -8.562 -7.519 -8.393 -7.588 -8.056 c -7.613 -7.93 -7.627 -7.814 -7.627 -7.708 c -7.622 -0.548 -7.613 -0.505 v -7.544 -0.169 -7.247 0 -6.72 0 c h f Q 0.9 0.45 0.9 0.05 k q 1 0 0 1 374.45 658.3967 cm 0 0 m -0.526 0 -0.824 0.169 -0.893 0.505 c -0.901 0.548 -0.906 0.674 -0.907 0.885 c -0.907 12.163 l -5.324 12.163 l -5.324 -0.695 l -5.326 -1.095 -5.287 -1.495 -5.206 -1.895 c -5.064 -2.59 -4.768 -3.085 -4.319 -3.38 c -3.869 -3.675 -3.212 -3.823 -2.349 -3.823 c 7.687 -3.823 l 8.55 -3.823 9.207 -3.675 9.657 -3.38 c 10.106 -3.085 10.402 -2.59 10.544 -1.895 c 10.625 -1.495 10.664 -1.095 10.662 -0.695 c 10.662 12.163 l 6.245 12.163 l 6.245 0.885 l 6.244 0.674 6.239 0.548 6.231 0.505 c 6.162 0.169 5.864 0 5.338 0 c h f Q q 1 0 0 1 400.6895 668.8221 cm 0 0 m 0.146 0.611 0.447 1.053 0.902 1.327 c 1.358 1.6 1.986 1.737 2.787 1.737 c 4.878 1.737 l 10.217 1.737 l 11.059 1.737 11.712 1.584 12.174 1.279 c 12.637 0.974 12.939 0.474 13.08 -0.221 c 13.158 -0.6 13.194 -0.99 13.192 -1.39 c 13.192 -14.248 l 8.746 -14.248 l 8.746 -14.153 8.747 -2.962 8.746 -2.875 c 8.743 -2.58 8.679 -2.375 8.555 -2.259 c 8.432 -2.143 8.201 -2.085 7.864 -2.085 c 3.098 -2.085 l 2.761 -2.085 2.53 -2.143 2.407 -2.259 c 2.283 -2.375 2.219 -2.58 2.216 -2.875 c 2.216 -14.248 l -2.216 -14.248 l -2.219 -2.97 l -2.215 -2.886 -2.215 -2.812 -2.216 -2.749 c -2.219 -2.686 -2.227 -2.622 -2.24 -2.559 c -2.304 -2.243 -2.589 -2.085 -3.094 -2.085 c -8.728 -2.085 l -8.728 -14.248 l -13.101 -14.248 l -13.101 1.737 l -2.787 1.737 l -1.987 1.737 -1.358 1.6 -0.902 1.327 c -0.447 1.053 -0.146 0.611 0 0 c f Q EMC Q BT /T1_3 1 Tf 0.025 Tc 15 0 0 15 155.0724 535.8629 Tm (INTERIM RESULTS ANNOUNCEMENT )Tj -1.544 -1.333 Td (FOR THE SIX MONTHS ENDED 30 JUNE 2020)Tj /T1_0 1 Tf 0.069 Tw 13 0 0 13 56.6929 483.863 Tm (The board \(the \223)Tj /T1_3 1 Tf -0.025 Tw (Board)Tj /T1_0 1 Tf 0.069 Tw (\224\) of directors \(the \223)Tj /T1_3 1 Tf -0.025 Tw (Directors)Tj /T1_0 1 Tf 0.069 Tw (\224\) of Ganfeng Lithium Co., Ltd. )Tj 0.045 Tc 0.07 Tw 0 -1.231 TD [(\(the)12.8 ( \223)]TJ /T1_3 1 Tf -0.045 Tw (Company)Tj /T1_0 1 Tf 0.07 Tw [(\224\))12.8 ( hereby)12.9 ( announces)12.9 ( the)12.8 ( unaudited)12.8 ( condensed)12.9 ( consolidated)12.8 ( interim)20 ( )]TJ 0.044 Tc T* [(results)12.2 ( of)12.2 ( the)12.2 ( Company)12.2 ( and)12.2 ( its)12.2 ( subsidiaries)12.2 ( \(collectively,)12.2 ( the)12.2 ( \223)]TJ /T1_3 1 Tf -0.044 Tw (Group)Tj /T1_0 1 Tf 0.07 Tw [(\224\))12.2 ( for)12.2 ( the)12.2 ( six)19 ( )]TJ 0.025 Tc 0 Tw T* (months ended 30 June 2020 \(the \223)Tj /T1_3 1 Tf (Reporting Period)Tj /T1_0 1 Tf -0.025 Tw (\224\).)Tj ET endstream endobj 161 0 obj <> endobj 166 0 obj <>stream 2020-08-14T16:47:26+08:00 2018-11-05T16:19:31+09:00 2020-08-14T16:47:26+08:00 Adobe Illustrator CC 2014 (Windows) application/pdf E_Logoset xmp.did:d7da6c3f-3f5f-3d45-809b-4ff747ec0e70 uuid:4a5dfa63-9703-481e-8e7d-c57f608211dd uuid:cbeb74d2-55a2-4ddb-84c1-b6b71ca17c7d proof:pdf uuid:888e04e1-1024-4c37-b3e1-974749efe84f xmp.did:6ce7f205-1c5a-c14c-9f07-25a4d10b87d5 uuid:cbeb74d2-55a2-4ddb-84c1-b6b71ca17c7d proof:pdf saved xmp.iid:11657078-7804-904d-ab91-842661f29c60 2018-11-05T15:20:31+08:00 Adobe Illustrator CC 2014 (Windows) / saved xmp.iid:d7da6c3f-3f5f-3d45-809b-4ff747ec0e70 2018-11-05T16:19:27+08:00 Adobe Illustrator CC 2014 (Windows) / Adobe PDF library 11.00 1 False True 210.000145 297.000089 Millimeters TimesLTStd-Italic Times LT Std Italic Open Type Version 2.050;PS 002.000;hotconv 1.0.51;makeotf.lib2.0.18671 False TimesLTStd-Italic_2.otf TimesLTStd-Bold Times LT Std Bold Open Type Version 2.050;PS 002.000;hotconv 1.0.51;makeotf.lib2.0.18671 False TimesLTStd-Bold_5.otf Cyan Magenta Yellow Black 闋愯ō鑹茬エ缇ょ祫 0 Document endstream endobj 159 0 obj <> endobj 160 0 obj <> endobj 168 0 obj <> endobj 169 0 obj <>stream H塴S{Pu咤竇@;慶}苎钰槓　#h嗷N@髞信-xx=0 钁 >啑ⅳ:)妼D3蚎币J艘烟i1筝笏L韂SM3燒~?燒|骟,I$I蠘$eN诟婱愭f;蚎+q矠擟傲&狚y阵蒵鶗!蜢(k徵 H 鏛s攬柤錘~|糰b銃锱炬Co稹垑櫪'|z変l?菫⑸)槪$珪鱁K(H俋%}Uy嬆泋26摳倃潋s-v嚦唰) 褗!息d妭櫡貀鐁乢昫粨7偻|?钤躙K庎#m^轶_w :M售∧坾~懱a楟窙l磒埣EioU忭 +喜3;欓%7箘驉D DZb'F蹦tb1摌KD皉隳斺P稌{q馦h袮邥鱶倏惉8鯿sL]夯惹R:瑙茷樨⒚7 楝f懟YLB Dㄤ攆&5N径娖$+闈铷ug嬡C櫻熭 蓛( #鍄@憄耇y孌蛂TデqL俬5P@嚎<爟H>G1<瓨mゾ砑麬據譣pN$)且欵 Er糎顤遃+=f 柺FQ軧}棕戕 3:設(M9$B8$抴!Qu&撡戂}闔G鱅醜嬉紲,n鴊v 砖pG螠舑`xí84虗'礹o{^咹&陴-QoM7q筗铸tI塆! -贫-敹h韒qMEQ潦)1Gcfc*劆
粑nq!彯-@1惏j.倭虵恢/u3M謐oc肦柟'略x钰 鮑)i懂|}f祻Q;韵9;P欢造ih氩<衙+鹇@N沓戽0鼥Z{+頲W9菡螥%靉5|5yd 俇r怢伌覟LZr_卪亄I镏K+齫澯ｐ\孋顝傂>;v酩r敳蘼&9f5嚧@
=-曐3i飋<癬'縻 >俊a覤綢飺,&+鈽Gq骶hm=伊続kK/镛V 刘
姲:赘l嗸=瓄x撤1e摲t?B73n靗)~纍倒擢鼏y禥YwU訮绐!擋H荄aN%橘>z鼔疫,Oh傯fp!_%(蘷R輐穙,諹剧`1C镇4L曡nw鎗N/ナV偸fzi韱m't@袽蚈Pм^河礪鳟＊L懰涢实誹k8\ 蝩7仝磜吮廷69褅抪*xJ爅~鼡軫孎m澶檽菘
羈0=獊儼#亱#42經瘘亠綉>$娫Y 梧m酣zK鷩讖7p鈜u殃UV籢卦箛冝i峩P彨vP蠵;P笝.尛芒Ar@佉闌禷Z绅?nP鮜 暬?g endstream endobj 167 0 obj <> endobj 170 0 obj <>stream H塴T Pg
z暒=zLO芹ㄈ崤(a#媼A`
鑙`唖PA朇r闒E艗xV园1H6趾霋zm~蘤k玆]斛唢黪a.N楬$;$h缡pu狫=<寢_)S詑幟%糒南u飵qs笐hJ魮+蝱箱胒-悀鎺99麰A
汈V潣1迆篆r S严Β颰溭髹8匰//fK&V艅録9U獤 J嬘伴V嫂=-))礀aUZ涘販捥ǖ寬醁e*U绳壯$0壅i.']濨A纃U駥:嶀扵L刧'蟊溒1蚀x&鼦 8赵f2酎u湂鍞耛#腊Lr&偏8&M鸰4eWThXF-孶U煌s惋侣蒢&^晙a"崧$N谺[宎鎷a[q,H倕9c 蹗a碻:cv(^4浯蝘涅#!彼焆嬇j窀k嗠y塚騤趩i爪癁5銤G≈:炭佀撄I*m哯婆圓#$8扞涬镌6#!箸I 92)#站鲈 gX薿#/w絀醭窃臞搾(SS 簗Zxp‘O鐍6|Q3蓼Fa罥p!Xp盥邪勜椷＿5洂颍偔h?蠪防攡垸贔聄
.餥N:x4:蹌 o[蜳緕嫟鬪474$f廌 6庴镩鄟)'8撷(灟嬢5姚3D唳置;2埦襸rbVⅦ薱hT.C珊{:昜歰輾_PQ﹞它F崔搅0h牄 气/靌D吘/肯,骮'<燻1(`昱%G,馮AQ捹@!9,"A欃a双Uk/侁 f1枊塹T?'沴Ud棷q>H貏梂i錜觅╯即宅sowM岲颓砏穷椩睾灻鲿urc%Nt玩"0''C笱j-Ky)'z畮t傯懠聜隒L昸8葸{Uzr
蛸3H唻:謶礲JyW(IOnd瘩澄罗&漿踓棹駛W 玃"z'趜6駜痤淔Fば瀿W蔿&幨+b-槾啷畽c)#迖-鄐w鱌狑v先d赗{
BZ6U#^D*尰J$'嗐技E赠'勿闓2.1:v,$u`靽s殮M果K2(!降迉#Zh鷀4{}馐vZ?鈍方m犪 +c N!炙嵾R纄谩Y+形UrF顟QJ祓~s?l暃猶"SaP&I欧=賐 鵝,xk┍'Lg釛孷F=Y脳灵K囬臝Ge詹燊\假O-m'恾VA5沫馋冑Y&鋯b時.'cw)2ed郗骊骊yG脎鴢:搑D!絷凕癣磔&^~鬈~垨嗀7d穵胁滬x唡&鰸軋g i艾繶[+?t磊H阎缪q⑴2S{jN鍂蒨%X鶙p懜G橒軄N黌V按Xn(磃R啔纛鼎骀f鼲r邊g衚囊⒘,:魂鴦f癡;渮P鵚%N*楩F┐):Yq杯NN$<}怎=禠%萻W m﹢閨懊l6侧廍%诫裷姬6縺诏遡P襤0S髋=噢pq鄸ぃ绹e鳅耚9q*澨犚氤籵鬫;\懊0萩鰒?簾竭8,埳胸4]伂萖k;YuX-7Wo塄WY覌郸,蛊旼S9謽罧g.~)}7挱=蒢.;)-方寝<鍃?7鼥 蛕珸龉欆溚.R葕鍀踔狤谞K(M*=翱玳曽蚌齩~拖燹鶻{o9辦6鍾L鍥8C, K`鬢锜坞瞲/;$骯<N佰D,訝Ξ0q1庌陮藢N:*謪:.磾qca3$$聳悈-$,!, VA)b獷P乑+jGсt跒K遇腘麸圭西炵肩鸫倻l*S:爬! y巾n鶷骈h覬S褮濈迡 w呮嚲o駆qMv犊*
%珊Y<龠Ia痮瓐{^訟 :{fz寊oLC)\Qr襎硇w瞫"+"F[膁zy亦W譍鎜<帚瓧謴 昙s t-膃﹟盗啅dy鞼I椚噻嫺前嫬椹呾7彭輦|"剎m 軐!蕫傕蘹詩O]0硿萲|嗪.擒!蔴謋H彛蔡渡9頷翘}TP幱Qruf mb耐塠輙E駸奭砮O@"p惭n今Y)JＰ[埝慅㈡篼|/磊蠲8范癭e鹂谄k攔馡敆\n0OsA霥麂R懨%ぞL﹂吤阕喛綢髷vv椵帽[柫G靏| G磢逷酗87跟A犄埶夰#W7a"N赴\ F洛臱釅蠮紡劳=h} ~aW|涞!^V柀鹾nh筄?l齜5;澚牴楛&a嘭塍s臶椄h9揜XB蒨屨33N圪1^e驔KZ(l駆3#凖g>N紝=鑨M:優,W44x妡 ^_岿d*吨{圿盍Ukz薖8w岵 躪'P碡,(0Z愄J4鶴閒k綪t*/g忿d2槰 橞U淭哮!\Ci譧A会&o桉宛\k
A7芷6 %8@`,P梨tI郓壸-袃y唜?N挘澠+4h榡>}甲B
]%锅∧v佢8愂俕;萪Y鋂?貽僂顚vz<駜跌鍖睪8mz漗OVh蔏镽N『à
弦#/$珂媻U\嵑L]i4#蜵訤斒rR豓8v}?⒓*"%+Q %誇僔3酄{N,px氏胣揽,'濾玑
劙1孬Q夐塕JYf+櫱p岎缒n岎ChR鄘裈n壒譅7偶获:麦肬竨+<磇L芶TEF5然_>傦B!m鄝 褈赊R畯嘿邡j捚悖A铁櫅$v%VM郴F0螬:v;縌G8]&苮胃莗曹w滲沴禫籴憻椤峭漒=菈 橬0Q&s脠
夺qC_怤#>M晸K'$悺噕"tD杷ET焙碊蜖宠6灆n蘺C艛*HVx嗎紷o焮6洓%揿Z0c勘[鴨*潟篶巭吡貍82#&"+嵕敂Q ,'疢H塻s0ǐ吲艭痭Ik|瑺蠌.!!*-乗b6<濭F2紲6Tb嗼Uh7,壥=柵$畞椀\h璣掚Vt疁骲誯"
廩 endstream endobj 171 0 obj <> endobj xref 0 172 0000000000 65535 f 0000000016 00000 n 0000000124 00000 n 0000002685 00000 n 0000000000 00000 f 0000002796 00000 n 0000002889 00000 n 0000002982 00000 n 0000003075 00000 n 0000003168 00000 n 0000003261 00000 n 0000003355 00000 n 0000003449 00000 n 0000003543 00000 n 0000003637 00000 n 0000372388 00000 n 0000372765 00000 n 0000373078 00000 n 0000373391 00000 n 0000373704 00000 n 0000348644 00000 n 0000348957 00000 n 0000349258 00000 n 0000349571 00000 n 0000349884 00000 n 0000321830 00000 n 0000322143 00000 n 0000322456 00000 n 0000322769 00000 n 0000323082 00000 n 0000296356 00000 n 0000296669 00000 n 0000296982 00000 n 0000297295 00000 n 0000297608 00000 n 0000208836 00000 n 0000209149 00000 n 0000209462 00000 n 0000209826 00000 n 0000210190 00000 n 0000191316 00000 n 0000191642 00000 n 0000191968 00000 n 0000192294 00000 n 0000192608 00000 n 0000117506 00000 n 0000117880 00000 n 0000118205 00000 n 0000118506 00000 n 0000118819 00000 n 0000090077 00000 n 0000090390 00000 n 0000090703 00000 n 0000091016 00000 n 0000091329 00000 n 0000060261 00000 n 0000060574 00000 n 0000060887 00000 n 0000061200 00000 n 0000061513 00000 n 0000003738 00000 n 0000004051 00000 n 0000004364 00000 n 0000004677 00000 n 0000004990 00000 n 0000005303 00000 n 0000055306 00000 n 0000028690 00000 n 0000011073 00000 n 0000011651 00000 n 0000050995 00000 n 0000043895 00000 n 0000036030 00000 n 0000028801 00000 n 0000005616 00000 n 0000019800 00000 n 0000020413 00000 n 0000012199 00000 n 0000012746 00000 n 0000021058 00000 n 0000085554 00000 n 0000079514 00000 n 0000073942 00000 n 0000069414 00000 n 0000061826 00000 n 0000111838 00000 n 0000105245 00000 n 0000099952 00000 n 0000094923 00000 n 0000091642 00000 n 0000170488 00000 n 0000191203 00000 n 0000183294 00000 n 0000183483 00000 n 0000177122 00000 n 0000138339 00000 n 0000144091 00000 n 0000132729 00000 n 0000127251 00000 n 0000119132 00000 n 0000144210 00000 n 0000144237 00000 n 0000144373 00000 n 0000144439 00000 n 0000144715 00000 n 0000144955 00000 n 0000177160 00000 n 0000189882 00000 n 0000183910 00000 n 0000184347 00000 n 0000190183 00000 n 0000205372 00000 n 0000201690 00000 n 0000198121 00000 n 0000196284 00000 n 0000192922 00000 n 0000291185 00000 n 0000284524 00000 n 0000248654 00000 n 0000278598 00000 n 0000273871 00000 n 0000231591 00000 n 0000242693 00000 n 0000237966 00000 n 0000210567 00000 n 0000224861 00000 n 0000224986 00000 n 0000219607 00000 n 0000219646 00000 n 0000230254 00000 n 0000225394 00000 n 0000225795 00000 n 0000230281 00000 n 0000230422 00000 n 0000230492 00000 n 0000230776 00000 n 0000230876 00000 n 0000238005 00000 n 0000243111 00000 n 0000243506 00000 n 0000273910 00000 n 0000279014 00000 n 0000279409 00000 n 0000318276 00000 n 0000312720 00000 n 0000308722 00000 n 0000302214 00000 n 0000297921 00000 n 0000343051 00000 n 0000336950 00000 n 0000331255 00000 n 0000326045 00000 n 0000323395 00000 n 0000366787 00000 n 0000359222 00000 n 0000356812 00000 n 0000353471 00000 n 0000350197 00000 n 0000395680 00000 n 0000454605 00000 n 0000455055 00000 n 0000448829 00000 n 0000389499 00000 n 0000385694 00000 n 0000380702 00000 n 0000374017 00000 n 0000448868 00000 n 0000457378 00000 n 0000455415 00000 n 0000455760 00000 n 0000457751 00000 n 0000461353 00000 n trailer <]>> startxref 461537 %%EOF