Introduce a number of high-quality shareholders Fengyuan shares to increase the layout of lithium battery material business

SMM June 22nd: in the evening of the same day, Fengyuan shares, once known as the typical representative of the conversion of new and old kinetic energy in Shandong Province, issued the "report on the issuance of non-public A shares and listing notice", saying that a total of 450 million yuan would be raised.

Judging from the object of its stock offering, Fengyuan shares have introduced a number of high-quality diversified shareholders, including Anhui Jintong New Energy vehicle Phase II Fund, Huaxia Fund Management Company and Zaozhuang Financial New and Old Kinetic Energy conversion Fund and other companies.

Public data show that Fengyuan shares is the first listed company in China with oxalic acid chemical industry as its main business. However, it is worth mentioning that after its listing in 2016, it began to actively lay out a new industrial chain and step up efforts to expand the business of cathode materials for new energy lithium batteries.

In 2020, Fengyuan shares launched a non-public offering plan to raise funds for the construction project of high-nickel ternary materials for lithium-ion batteries. After this move, Fengyuan shares also completed the transformation of its main business from traditional oxalic acid chemical industry to new energy lithium materials, and once became a typical representative of the conversion of new and old kinetic energy in Shandong Province.

Judging from the results of this issue, Fengyuan shares not only attracted high-quality shareholders, but also oversubscribed by nearly 1.5 times, the performance is very strong. Needless to say, with the growing popularity of the lithium industry, Fengyuan shares, supported by high-quality shareholders, is expected to further accelerate its transformation to a new energy lithium industry.