Read the following passage carefully and evaluate the statement that follows:
Under the 2026 E-Waste Management and Extended Producer Responsibility (EPR) Guidelines, electronics manufacturers operating within the state are mandated to recover at least 60% of the electronic waste generated by their sold products annually. Manufacturers that achieve recovery rates exceeding 75% become eligible for state research grants aimed at developing sustainable recycling technologies. However, the guidelines explicitly specify that receiving a research grant does not exempt any producer from submitting mandatory quarterly compliance audits regarding hazardous material disposal. Furthermore, small-scale enterprises producing fewer than 5,000 units per year are exempt from the 60% baseline recovery target, provided they contribute to the state-managed collective recycling fund.
Statement: An electronics manufacturer producing 10,000 units annually that receives a state research grant for achieving an 80% recovery rate is still legally required to submit quarterly compliance audits regarding hazardous material disposal.
Based on the passage, is this statement True or False?
Answer: Answer