Baoli starts the "buy" mode after investing 1.2 billion yuan, it wants to buy lithium power assets.

SMM News: recently, Baoli newly issued a foreign investment announcement, in order to further promote the company's strategic planning and business development needs after restructuring, and promote the company's new energy lithium battery business to become bigger and stronger, after friendly consultation with Shenzhen Jiawei Energy Storage Technology Co., Ltd., Tian Lihua, Gu Jun and Gu Jian, shareholders of Jiawei New Energy Technology (Wuxi) Co., Ltd. (hereinafter referred to as "Wuxi Jiawei"). Reach an agreement and sign the "equity transfer agreement".

At the same time, after friendly consultation with Wuxi Xinshengyuan Enterprise Management Partnership (Limited Partnership) and Zheng Min, the company reached an agreement on the cooperative operation of new energy lithium power related business, and signed a cooperation agreement on Jiawei New Energy Technology (Wuxi) Co., Ltd. to reduce registered capital and equity incentives. The company intends to accept all the equity of Gu Jian, the shareholder of Wuxi Jiawei, and part of the equity of the shareholders of Shenzhen Jiawei Energy Storage Technology Co., Ltd., Tian Lihua and Gu Jun, and make actual contribution to Wuxi Jiawei according to the amount of capital subscribed, with a total investment of 35.5 million yuan. After the completion of the transaction, the company will become the controlling shareholder of Wuxi Jiawei, with a shareholding ratio of 71%.

Baolixin said that the foreign investment funds come from its own funds and will not adversely affect the financial and operating conditions of the company and its subsidiaries. This foreign investment meets the needs of the company's strategic planning and business development after restructuring, and there is no harm to the interests of the company and all shareholders. Wuxi Jiawei has an excellent operation team and already has existing customers and markets in the energy storage and power exchange market. if it can operate smoothly and give full play to its competitive advantage, it will have a positive impact on the development of the company's new energy lithium battery-related business. It is expected that the company's future revenue will increase significantly compared with the previous month, which will help to resolve the risk of delisting risk warning faced by the company.

It is worth noting that on the evening of November 2, Baolixin issued a notice saying that the company signed a "Strategic Cooperation Framework Agreement" with the people's Government of Sanmenxia City. The two sides intend to carry out comprehensive cooperation on matters such as the company's investment in the establishment of a northwest production base for power battery projects in Sanmenxia City and the establishment of a project company. According to the announcement, Baoli plans to establish a northwest production base in Sanmenxia City, and the first phase is to build a 2GWh power battery project in the urban and rural integration demonstration zone of Sanmenxia City, with an investment of 1.2 billion yuan, making use of the existing factory building of Mengshi Technology Co., Ltd. At the same time, Baolixin promised to invest in the construction of 2GWh pack production line in Sanmenxia Economic Development Zone, with an investment of not less than 50 million yuan.

In addition, Baolixin plans to set up a project company in Sanmenxia City with a registered capital of 1 billion yuan. The people's Government of Sanmenxia City supports municipal state-owned enterprises to invest in the project company in a market-oriented way and to provide liquidity support to the project company in the form of funds. Sanmenxia City Investment Group invests in the project company in a market-oriented way, with a capital contribution of not less than 300 million yuan, and provides working capital support of not less than 300 million yuan to the project company in the form of a fund. Sanmenxia City Investment Group and Baolixin signed a separate agreement.