On November 19, Glonghui reported that canmax technologies (300390.SZ) announced that the board of directors agreed for the company's controlling subsidiary to apply for qualification as a designated delivery warehouse for lithium carbonate at the Guangzhou exchange, authorizing the company's management to submit the application materials and handle other related affairs. This application for the designated delivery warehouse for lithium carbonate at the Guangzhou exchange can fully utilize the company's existing resources, enhance the company's management level, and is beneficial for the company to organically combine the spot market, futures market, and delivery warehouse, further enhancing the company's risk resistance and market competitiveness, which will improve the company's profitability.