Tianqi Lithium Corporation stated at the analyst meeting that as of now, the Taileisen Phase III chemical-grade lithium concentrate expansion project's dry zone is nearing completion, with structural steel installation ongoing in the wet zone, followed by machinery, pipeline, and other installation works. The project is expected to produce the first batch of lithium concentrate products in the fourth quarter of 2025. Regarding the specific production ramp-up time, the company will evaluate various factors comprehensively. For reference, Taileisen's CGP2 and TRP projects have a production ramp-up time of approximately one year.