Xinxiang Tianli Lithium Energy Co., Ltd. Extends Validity of Acquisition Intent Letter for Jiangsu Damo Semiconductor Technology Co., Ltd. Until January 15, 2025

Published: Jul 19, 2024 11:23

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Announcement of the Resolution of the Second Meeting of the Fourth Board of Directors of Xinxiang Tianli Lithium Energy Co., Ltd. The second meeting of the fourth board of directors of Xinxiang Tianli Lithium Energy Co., Ltd. was held on July 15, 2024. The proposal on the intended signing of the Supplementary Agreement of the Acquisition Intent Letter for Jiangsu Damo Semiconductor Technology Co., Ltd. was deliberated and passed. After consultation between both parties, it was agreed to extend the validity of the Acquisition Intent Letter to January 15, 2025. During the extension period, the terms of the Acquisition Intent Letter shall remain valid and binding on all parties. Before the expiration of the extension period, all parties will further negotiate and communicate on whether to extend the validity of the Acquisition Intent Letter again. If the validity of the Acquisition Intent Letter needs to be further extended, written consent from all parties shall be obtained.

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