Tongxing Environmental Protection announced on November 11 that it had signed an Investment Cooperation Agreement with Anhui Hanshan Economic Development Zone Management Committee, with an investment of about 600 million yuan to build a 20,000-ton sodium ion battery positive material project in two phases in Anhui Hanshan Economic Development Zone. The products are widely used in low-speed vehicles, starting power supplies and energy storage.

Tongxing Environmental Protection said that after the signing of the agreement, if the project is successfully implemented, the company will receive certain industrial support policies from Anhui Hanshan Economic Development Zone Management Committee, which will provide important guarantees for the development of the company's sodium ion battery positive material business, and will be beneficial to the future performance of the company.