Weihua subsidiary Zhiyuan Lithium Industry signs "purchase Agreement" with LGI for Fine Grinding Lithium hydroxide

SMM8 March 5: Sichuan Zhiyuan Lithium Industry Co., Ltd. (hereinafter referred to as "Zhiyuan Lithium Industry"), a wholly-owned subsidiary of Guangdong Weihua Co., Ltd. (hereinafter referred to as "Zhiyuan Lithium Industry") recently signed a "purchase Agreement" with LG International Corp. (hereinafter referred to as "LGI". LGI plans to purchase fine ground lithium hydroxide from Zhiyuan Lithium Industry, of which 1500 tons will be shipped from July 2020 to December 2020. The estimated procurement volume for 2021 should be determined through consultation by December 31, 2020.

The impact on listed companies: 1. LGI belongs to South Korea LG Group, with strong strength. The company's cooperation with it is conducive to the expansion of the company's lithium salt business. The smooth performance of this contract will have a positive impact on the performance of the company.

2. The company's existing capital, personnel, technology and production capacity have the ability to perform this contract.

3. LGI has no relationship with the company and Zhiyuan Lithium Industry, and the performance of this contract will not affect the independence of the company's business. The main business of the company will not be dependent on it for the performance of this contract.

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