Golden Power Group Holdings Limited announced newly designed automatic production line for producing cylindrical battery will be commenced the trial-run in first half year of 2023 projection and will expect it can be commenced commercial production in the late 2023. With the newly acquired production lines commencing commercial production, the Group is ready to capture the rebound of demand over battery products brought by the recovery of global economy upon the coexistence with COVID-19 globally in 2023. While the management is prudently optimistic about the business outlook in 2023 and the general economic recovery, the Group will closely monitor the possible fluctuation of the interest rates and the exchange rates, increase in materials and labour costs and the change in market demand over battery products, in order for the Group to take timely and appropriate measures to minimize the possible negative impact which may be brought to the business of the Group.