XTC New Energy Technology (Fuquan) Co., Ltd. (hereinafter referred to as "XTC FUQUAN") is a joint venture established by XTC New Energy Materials (Xiamen) Co., Ltd. (hereinafter referred to as "XTC"), Shengtun Mining Group Co., Ltd., and Xiamen Cangsheng Investment Partnership Enterprise (Limited Partnership). It was founded on January 16, 2023, with a registered capital of 500 million yuan, located in the Shuanglong Industrial Park, Niuchang Town, Fuquan City, Qiannan Buyi and Miao Autonomous Prefecture, Guizhou Province.