Ruifeng Capital is the core platform for the operation of the group's capital, focusing on full industry chain investment in the three major tracks of new energy, 5G communication, and artificial intelligence, and deeply laying out cross-border investment in China, Japan, and South Korea. The core investment logic revolves around KC's main business of new materials and vertically integrates along the upstream and downstream industrial chain. In terms of investment results, Ruifeng Capital has successfully invested in benchmark enterprises such as CATL, NIO, Xiaopeng, Enjie Co., Ltd., and Xingyuan Materials. In terms of cross-border holding capacity, the group has acquired controlling stakes in Korean Chemical Group and Korean CIS Chemical (a leading battery recycling company), deeply linking with the Samsung, LG, and SK industrial chains. At the same time, Ruifeng Capital innovates a new model of going global, promoting the listing of overseas enterprises and building a localized community of interests through small shareholder participation (<25%) and international technology authorization.