On September 23, Gelonghui announced that with the accelerated global transition to clean energy, it is imperative to rapidly promote the new energy industry globally, and the overseas market demand for lithium battery cathode materials is continuously growing. The industry has broad prospects. In order to accelerate the layout of the company's overseas markets, enhance the company's overall competitiveness, the company's wholly-owned subsidiary Wanrun New Materials plans to invest 167.6441 million US dollars through its wholly-owned subsidiary Wanrun New Energy Technology Ltd. Wanrun New Energy Technology Ltd. will establish Wanrun New Energy Technology (USA) Limited in Delaware, USA through its wholly-owned subsidiary Wanrun Group Corporation, and ultimately establish Wrestore Technology LLC in South Carolina, USA through Wanrun New Energy Technology (USA) Limited, carrying out the "Wanrun New Energy USA New Energy Cathode Material and Industrialization R&D Center Project".