Jiangxi Ganfeng Lithium Group Co., Ltd. ("Ganfeng Lithium") announced the signing of the "Project Investment Cooperation Agreement Supplementary Agreement" with Fulin Precision Co., Ltd. ("Fulin Precision") and its holding subsidiary Jiangxi Shenghua New Materials Co., Ltd. ("Jiangxi Shenghua"). This is aimed at further implementing cooperation in the upstream and downstream aspects of the new energy industry between the two parties, and promoting rapid growth and comprehensive improvement of both parties' business. According to the supplementary agreement, Ganfeng Lithium or its designated party will contribute 51 million RMB, holding 51% equity of the target company, while Jiangxi Shenghua will contribute 49 million RMB and hold the remaining 49% equity. The target company will establish a project to manufacture lithium hydrogen phosphate with an annual output...Show More

Jiangxi Ganfeng Lithium Group Co., Ltd. ("Ganfeng Lithium") announced the signing of the "Project Investment Cooperation Agreement Supplementary Agreement" with Fulin Precision Co., Ltd. ("Fulin Precision") and its holding subsidiary Jiangxi Shenghua New Materials Co., Ltd. ("Jiangxi Shenghua"). This is aimed at further implementing cooperation in the upstream and downstream aspects of the new energy industry between the two parties, and promoting rapid growth and comprehensive improvement of both parties' business. According to the supplementary agreement, Ganfeng Lithium or its designated party will contribute 51 million RMB, holding 51% equity of the target company, while Jiangxi Shenghua will contribute 49 million RMB and hold the remaining 49% equity. The target company will establish a project to manufacture lithium hydrogen phosphate with an annual output of 0.1 million tons in Xuanhan County, Dazhou City, Sichuan Province, with a registered capital of 100 million RMB. The total planned investment for the project is approximately 0.2 billion RMB, and it is expected to have a positive impact on the operation and development of Ganfeng Lithium. This external investment will not have a significant impact on the company's financial condition and operating results for the current year.