SMM Analysis: New Changes in Shareholders of Jiangxi Huanli Holding Co. Ltd. According to SMM on September 22nd, Guangzhou Wanbao Commercial Development Group Co., Ltd., a subsidiary of Guangzhou Industrial Control, and the People's Government of Yuanzhou District, Yichun City, Jiangxi Huanli New Energy Technology Co., Ltd. have signed a strategic cooperation agreement and equity transfer ceremony.

According to the agreement, Wanbao Business Development through its subsidiary Guangzhou Metal Recycling Co., Ltd. and its affiliated parties Guanggang New Energy and Beijing Dinghan Technology have become shareholders of Jiangxi Huanli Holding Co., Ltd. through merger and acquisition. At the same time, Guangzhou Metal Recycling Co., Ltd. and Jiangxi Huanli will also plan and build a retired power battery dismantling and wet recycling industrial base in the Greater Bay Area. After the project is completed, it will form a 150,000 tons/year dismantling and recycling base and R&D headquarters, and a 20,000 tons/year lithium carbonate recycling base.