We are a global leader in energy storage business for big-data and telecommunication industries. We focus on the design, R&D, manufacturing, and sales of energy storage batteries and systems. Capitalizing on the rich experience we have accumulated over a decade through serving diverse customers operating telecom base stations, data centers, power stations, power grids, and in other energy storage settings, we are well-positioned to capture the vast market opportunities brought up by the big data era, and continue leading the development of the industry. According to Frost & Sullivan, in 2023, we ranked the first among global telecom base station and data center energy storage battery providers in terms of shipment volume, achieving a market share of 10.4%.

Based on our in-depth understanding of industries and customers, we are dedicated to providing customers with energy storage batteries that may properly address their individualized and diversified energy storage needs. In particular, our major customers engage in big data and telecommunication industries, which offer key infrastructure for both digital and real economy, and place a high priority on safety and reliability. We are committed to continuous investment in the development of technology and products with compound technical routes and multi-scenario coverage to fulfill our customers' need. In addition, capitalizing on our insights into evolving customer demands, especially during an era marked by significant growth in the application of big data and artificial intelligence technology, we have managed to facilitate our customers in securing a high-quality, safe and cost-efficient energy supply.

Leveraging our distinguished technology and product strength, robust manufacturing and service capability, as well as our strong brand reputation, we have established long-term business relationship with world-leading telecommunication enterprises, and technology companies, creating a synergy that feature mutual trusts and solid cooperation. This allows us to continuously maintain our market leading position among the global telecom and data center energy storage battery providers for consecutive three years. As of December 31, 2023, we have served five of the world's top ten telecom operators and equipment manufacturers, nearly 30% of the world's top 100 telecom operators and equipment manufacturers, and all of China's top five telecom operators and equipment manufacturers. We served 50% of top 10 Chinese self-owned data center companies and 60% of top 10 Chinese third-party data center companies. We have served our top five customers in 2021, 2022 and 2023 for an average of over nine years.