Ge Long Hui on November 18th: Ke Chuan Technology (603052.SH) announced the progress of the lithium battery new composite material project. As of the disclosure date of this announcement, the company has obtained the state-owned construction land use rights required for the project, with a land area of ​​approximately 200 acres. The first-phase main factory construction has been basically completed, with some structures already capped, and the project progress is in line with expectations. As of the disclosure date of this announcement, the company has purchased trial and large-scale production lines, and will send sample verification of the trial production products of the large-scale production line to customers in the third quarter of 2024. The company recently received the first small order for composite aluminum foil from an internationally renowned consumer electronics battery manufacturer.

The company has received its first order for composite aluminum foil, representing the initial recognition of the company's technical capabilities and composite aluminum foil products for consumer electronics batteries by customers. The company's existing product solutions and technical paths are indeed feasible, further confirming the demand for composite aluminum foil products in downstream terminal applications, guiding the company to accelerate project progress and capacity deployment in the next phase. The construction of the composite flow collection project is in line with the company's long-term strategic planning, helps improve the company's layout of the new materials industry chain, and will have a positive impact on the company's future business performance. The company will firmly seize market opportunities, increase R&D investment, accelerate project progress, strive to better serve customers, meet downstream demand, and create greater value for all shareholders.