Guangzhou Tianci High-tech Materials Co., Ltd. is related to Guangzhou state-owned assets.

It's okay. Relevant information shows that Guangzhou Tianci High-tech Materials Co., Ltd. is an independent listed company and has no direct relationship with Guangzhou State-owned Capital Investment and Operation Co., Ltd. (hereinafter referred to as "Guangzhou State-owned Assets"). Guangzhou Tianci High-tech Materials Co., Ltd. was established in June 2000. Its main business is lithium-ion battery materials, daily chemical materials and special chemicals.