Guangdong Dowstone Technology Co.Ltd(300409) :Record of Investor Relations Activities on September 22, 2022(2)

Stock code: Guangdong Dowstone Technology Co.Ltd(300409) Stock abbreviation: Guangdong Dowstone Technology Co.Ltd(300409) Guangdong Dowstone Technology Co.Ltd(300409) Investor relations activities record sheet

No.:2022017

Investor relations activities □ Specific object research □ Analyst meeting

Category □ Media interview □ Earnings presentation

□Press conference □Road show activities

□Site visit

Others (Online group reception day for investors)

Name of participating units and online participation in “2022 Investor Relations Management Month for Listed Companies in Guangdong

Name of participants and investors participating in the online “2022 Investor Relations Management Month for Listed Companies in Guangdong – Investor Group Reception Day

Time: Thursday, September 22, 2022, 15:50-16:50

Venue “Investor Relations Interactive Platform” on Quanjing.com (https://rs.p5w.net./)

Receptionist of the listed company Chairman: Mr. Rong Jihua

Name of staff General Manager: Mr. Zhang Yi

Chief Financial Officer: Mr. Hu Dongjie

Secretary of the Board of Directors: Ms. Wu Nan

Securities Representative: Ms. Liu Xiaolan

The Company participated in the “2022 Online Collective Reception Day for Investors of Listed Companies in Guangdong” on the “Investor Relations Interactive Platform” (https://rs.p5w.net./) on September 22, 2022 from 15:50-16:50 p.m. ” activity. The event was held remotely on the Internet, and the company responded to the investor relations activities in the form of text questions and answers to the issues of concern to investors. The main questions and replies are as follows: Main content introduction

1、Q: Your company has “lithium materials” + “carbon materials” + “ceramic materials” three major segments, so many places in the country have production bases, how is your management unified management? How is your management unified? Is there any plan to invest in a 5G fully connected factory to keep up with the national 14th Five-Year Plan to transform the manufacturing industry to digitalization?

A: Dear investors, hello! The company has implemented group control, built core functional management departments from the group level, carried out asset integration and organizational structure adjustment with strategy orientation, optimized operation and internal control process, strengthened internal management through system construction, culture construction and staff training, and further improved the company’s management level. The company is gradually carrying out the transformation of intelligent factories, the Jiangmen factory automated three-dimensional warehouse has been put into use, thank you for your attention. 2、Q: What are the advantages of the company’s current sodium ion battery? A: Dear investors, hello! The company has continued to increase investment in research and development since the layout of the new energy field, and has established a comprehensive research and development system. The company is committed to developing high-capacity, high-security, low-cost sodium-ion battery cathode material precursor technology, has successfully developed a new sodium-ion battery cathode material precursor system with characteristic design, differentiation, innovative technology. Thank you for your attention. 3. Q: Does the company have a cooperative relationship with electric vehicle manufacturer Tesla? A: Dear investors, hello! There is no cooperation between the company and Tesla, thank you for your attention. 4、Q: What is the current capacity utilization rate of the company? A: Dear investors, good day! Please pay attention to the company’s specific production and operation situation, please pay attention to the relevant announcement disclosed on Juchao Information Website (http://www.cn.info.com.cn.), thank you for your attention. 5、Q: According to my understanding of nickel, except for the mid-March due to the Qingshan nickel incident, which caused significant fluctuations in nickel, the overall nickel fluctuates around 23000; cobalt has been falling from last year’s high point, and in the third quarter of this year, it remained at around 34000. My question is: If the company is self-sufficient in cobalt, why did it accrue nearly 80 million yuan of material loss in the second quarter? I’m a financial amateur, so I’m sorry for some inaccurate wording. A: Dear investors, hello! Due to the change of market price of some inventories, the company has made a provision for inventory decline in the semi-annual of 2022. 6. What opportunities will the sodium ion battery bring to the company? A: Dear investors, hello! The company has continued to increase investment in research and development since the layout of the new energy field, and has established a comprehensive research and development system. The company is committed to the development of high-capacity, high-security, low-cost sodium-ion battery cathode material precursor technology, has successfully developed a new sodium-ion battery cathode material precursor system with characteristic design, differentiation, innovative technology strong. Thank you for your attention.7. Q: Lithium manganese iron phosphate batteries may be used in large quantities next year, what advantages does the company have in this battery? What opportunities can be brought to the company? A: Dear investors, hello! The company does not produce lithium manganese iron phosphate materials, thank you for your attention. 8, Q: Contemporary Amperex Technology Co.Limited(300750) mass production of lithium manganese iron phosphate in 2023, please ask the company has no cooperation with Contemporary Amperex Technology Co.Limited(300750) on the battery? A: Dear investors, hello! The company currently has no cooperation with Contemporary Amperex Technology Co.Limited(300750) in lithium manganese iron phosphate batteries, thank you for your attention. 9、Q: Does the company currently have cooperation with Zhongke Haina? A: Dear investors, good day! The company is currently cooperating with a number of companies, in the confidential stage, thank you for your attention. 10、Q: Will the company focus on the development of lithium extraction in the future? A: Dear investors, hello! The company will combine market demand and the company’s situation prudent consideration, thank you for your attention. 11, Q: all new or under construction projects have not been stalled because of funding problems? Or are all normal synchronization in progress? A: Dear investors, hello! Except for the epidemic reasons, the company’s current under construction or new projects are operating normally, thank you for your attention. 12、Q: What are the main products available for the company’s sodium ion battery materials? What future plans about sodium ion battery? A: Dear investors, hello! (1) The company’s sodium ion battery materials are mainly sodium ion precursors. (2) the company will plan production capacity according to market demand, please pay attention to the company in the giant tide information network (http://www.cn.info.com.cn.) disclosure of relevant announcements, thank you for your attention. 13、Q: “lithium materials” + “carbon materials “+” ceramic materials “three segments of the January-September capacity utilization rate how? Do not always emphasize the capacity, no sales equal to zero. A: Dear investors, hello! The company’s capacity utilization rate of the three segments, please pay attention to the company’s follow-up in the Juchao information network (http: //www. cninfo.com.cn.) disclosure of the relevant announcements, thank you for your attention. 14, Q: What is the current market share of the company’s carbon nanotube conductive agent? What is the expected production capacity this year and next year? A: Dear investors, hello! The company’s specific production and operation, please pay attention to the company in the giant tide information network (http://www.cn.info.com.cn.) disclosure of the relevant announcements, thank you for your attention. 15, Q: this year is expected to the whole year and the second half in terms of production and production capacity, what are the enhancements? A: Dear investors, hello! In the carbon materials business, Jiangmen base plans to expand the annual production capacity of 2,000 tons of powder in the second half of 2022, and Longnan base plans to expand the annual production capacity of 2,000 tons of carbon nanotube powder purification capacity in the second half of 2022; in the lithium materials business, part of the production line of 50,000 tons of ternary precursor project in the first phase of Longnan base has started to ship, and another part is in the process of commissioning production, and Wuhu base is under construction. A new project with an annual production capacity of 20,000 tons of copper electrolytic and 0.3 million tons of cobalt intermediate is under construction in the Congo, and is expected to be put into operation by the end of 2022. With the completion of part of the project construction in the second half of the year, the company’s production capacity will be enhanced, thank you for your attention. 16. Has the precursor project in Jiangxi Ghana mentioned above been affected by the epidemic? A: Dear investor, hello! At present, the production and operation of the Jiangxi Gana project is all normal, thank you for your attention.17、Q: Mr. Chairman, how to obtain a greater share in the fierce market competition, and the strength and effectiveness of the continued transformation?

A: Dear investors, hello! The company practices “talent-led, R & D-driven, innovation casting first-class new materials enterprise” concept, and actively promote the implementation of the strategic plan, to expand the market, thank you for your attention. 18, Q: Dear Ms. Secretary Hello! From the company’s interim report data, the company’s ternary lithium materials sales volume, gross margin is also higher than peers, please ask whether the third quarter sales have a relatively large growth, gross margin level continues to improve? Answer: Dear investor, hello! The company’s three quarter lithium materials operations, please pay attention to the company’s subsequent disclosure in the Juchao information network of the third quarter report, thank you for your attention. 19, Q: three quarters has basically finished, the new production capacity has also partially landed, please ask whether the third quarter revenue has a significant growth? A: Dear investors, hello! Please pay attention to the company’s third quarter report disclosed on Juchao Information Network, thank you for your attention. 20、Q: A few years ago, the company made a provision for impairment of cobalt inventory, but later the cobalt rose and no provision was made for reversal. In this year’s interim report, we have taken a cobalt impairment charge again, but does your company only know the impairment charge and not the reversal after the price increase? A: Dear investors, hello! According to the principle of accounting prudence, the company makes provision for impairment of inventory in combination with net realizable value. 21. A: Dear investors, hello! The company received a notice of unsealing the epidemic prevention and control on September 18, maintenance personnel began to enter the plant one after another to carry out equipment maintenance work, thank you for your attention. 22, Q: the company said in the early interaction has been supplied to the external sodium ion battery materials dozens of tons, please ask which companies have been supplied? And which companies have cooperation in sodium ion batteries? A: Dear investors, hello! At present, the company is cooperating with a number of sodium ion material customers, in the confidential stage, thank you for your attention. 23、Q: Next year is the first year of commercial sodium ion battery, what is the company’s plan in this area?

A: Dear investors, hello! The company’s sodium ion battery materials have tens of tons of shipments, will be actively planning capacity production according to market demand, thank you for your attention. 24, Q: Mr. Zhang: the company’s Jiangxi mica lithium extraction equipment maintenance ready? A: Dear investors, hello! Lithium carbonate project, the company received a notice of unsealing the epidemic prevention and control on September 18, maintenance personnel began to enter the plant one after another to carry out equipment maintenance work, thank you for your attention. 25, Q: What are the advantages of the company’s current sodium ion batteries? A: Dear investors, hello! The company has continued to increase investment in research and development since the layout of the new energy field, and has established a comprehensive research and development system. The company is committed to developing high-capacity, high-security, low-cost sodium-ion battery cathode material precursor technology, has successfully developed a new sodium-ion battery cathode material precursor system with characteristic design, differentiation, innovative technology. Thank you for your attention. 26. Q: Why is the Wuhu war investment not yet completed? Wuhu project has funds in construction? A: Dear investors, hello! The company has considered the introduction of Wuhu state-owned background strategic investors related to the proposal, the relevant funds will be used according to the plan in place, the company is actively promoting the construction of the project, thank you for your attention. 27、Q: Secretary, what is the number of shareholders of the company’s latest issue?

A: Dear investors, hello! As of June 30, 2022, the number of shareholders of the company is 39,462, thank you for your attention. 28、Q: Does Hongrui cooperate with Tesla? Thank you! A: Dear investors, hello! The company and Tesla no cooperation, thank you for your attention. 29, Q: from the company’s interim report data, the company’s ternary lithium materials sales volume, gross margin is also higher than peers. A: Dear investors, hello! The company’s third quarter operation, please pay attention to the company’s subsequent disclosure of the third quarter report in the Juchao information network, thank you for your attention. 30, Q: the company’s expansion of production funds, how much is expected to be solved by borrowing, the annual cost of capital will be how much? A: Dear investors, hello! The company’s financing channels are open and diversified, through equity, debt and other ways to finance the expansion project; annual capital costs are detailed in the company’s annual report disclosed on the Juchao information network, thank you for your attention. 31、Q: Will the company enter the downstream to do battery? A: Dear investors, hello! The company has no plans, thank you for your attention. 32、Q: From the company’s semi-annual data, the company’s ternary lithium materials gross margin than peers are high. three quarter ternary lithium materials gross margin continue to improve? A: Dear investors, hello! The company’s three quarter lithium materials business, please pay attention to the company’s subsequent disclosure in the Juchao information network of the third quarter report, thank you for your attention. 33、Q: Chairman, hello! What is the current progress of single-arm tube, silicon carbon anode and lithium extraction? A: Dear investors, hello! The company strictly in accordance with the provisions of the Securities and Exchange Commission and the disclosure obligations, operation-related progress please pay attention to the company in the giant tide information network (http://www.cn.info.com.cn.) disclosure of relevant announcements, thank you for your attention. 34、Q: will enter the downstream to do battery? A: Dear investors, hello! The company has no plan for the time being, thank you for your attention. 35、Q: In the first half of the year, the company’s lithium materials revenue increased by 56.4% year-on-year, this growth rate does not match the phenomenon of electric vehicle blowout, may I ask what causes the company did not seize the corresponding opportunity? A: Dear investors, hello! In the first half of 2022, the company’s lithium materials (including ternary precursors, cobalt salts and other lithium products) revenue of 2.171 billion, compared with the same period last year.

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