Ann: Response to ASX Price Query, page-151

Appreciate all the detailed and objective data—really paints a clear picture! Let's see what kind of range of profit we can expect based on two scenarios:

First, with a conservative variance in cost (say, an extra 20%), the annual gross profit sits comfortably above AUD 105M.

Now, factor in potential operational cost savings (say, a reduction of 10%)—thanks to Hebang’s production experience and solar expertise—and we're looking at annual gross profits soaring above AUD 176M.

Rough estimation aside, the outlook is looking pretty bright