Zhitong Finance App News, Jinyuan Co., Ltd. (000546.SZ) issued an announcement. The company's subsidiary Jinyuan New Materials Co., Ltd. (hereinafter referred to as “Jinyuan New Materials”) and Mr. Wu Hao signed a “Cooperation Framework Agreement” in September 2022. The agreement is mainly to develop lithium sludge lithium extraction and high-value comprehensive treatment projects by leveraging their respective advantages. In view of the fact that Jiangsu Jiushengfeng Technology Development Co., Ltd. (hereinafter referred to as “Jiushengfeng Technology”), designated by Wu Hao's team, has carried out industrial tests on lithium slag extraction at the test site, and has achieved good results. The company plans to further deepen cooperation in developing lithium slag extraction and high-value comprehensive treatment projects. After friendly negotiations between the parties, the company plans to invest and establish a subsidiary to jointly develop advanced lithium slag treatment and high-value comprehensive utilization projects.

The announcement stated that the signing of this investment is conducive to leveraging their respective advantages, jointly developing lithium slag lithium extraction projects, and achieving complementary advantages and win-win cooperation. The agreement signed this time follows the requirements of the company's second take-off strategic development plan to transform the lithium industry, and focuses on developing the lithium battery industry with new energy materials and the sustainable development of the low-carbon environmental protection industry. It is an effective measure to guarantee the company's long-term stable development, and is in line with the company's development vision and development strategy.