Gelonghui, March 29丨Kang Longda (603665.SH) announced that recently, SuayChinInternationalPTE.Ltd. (“SuayChin”), a wholly-owned subsidiary of the company and Zhejiang Jinhao New Materials Co., Ltd. (“SuayChin”), a wholly-owned subsidiary of Taian Xinchang Lithium Investment Center (“Tai'an Xinchang”) and KodalMineralsPLC (“KODAL”), Hainan Mining and its holding subsidiary KodalMiningUK (“KMUK” for short) jointly signed the “Binding Clause Agreement to Terminate the Purchase of Spodumene from the Bugouni Lithium Project”, agreeing that KMUK will pay a total termination fee of 14 million US dollars to Suaychin in two installments. After SuayChin received the initial payment of 7 million US dollars, the “Bougouni (Bougouni) Lithium Project Spodumene Sales Binding Clause Memorandum” signed by Suaychin and Kodal in 2017 is terminated, that is, Suaychin will abandon the operation of the Bougouni lithium project Priority rights for at least 80% of lithium concentrate products are underwritten within the next three years; KMUK is required to complete all termination payments before the first batch of spodumene is shipped from Mali or October 31, 2024 (whichever comes first).