Desai Battery subsidiary increases total project investment to 3 billion yuan

According to reports, Shenzhen Desai Battery Technology Co., Ltd. issued a notice on increasing the investment scale of Huizhou battery project and signing the "Project Investment and Construction Agreement".

The company agreed that Huizhou Desai Battery Co., Ltd. (hereinafter referred to as "Huizhou Battery"), the holding subsidiary of the company, and the Management Committee of Huizhou Zhongkai High-tech Industrial Development Zone (hereinafter referred to as "Zhongkai Management Committee") signed the Investment and Construction Agreement to invest in the construction of high-end intelligent projects for Desai battery Internet of things power supply. Upon completion of the project, it will produce and operate lithium-ion packaging batteries and other products. It was originally estimated that the total planned investment in the project was 2.6 billion yuan, of which the investment in fixed assets was not less than 1.8 billion yuan. According to the actual situation of Zhongkai Management Committee and Huinan High-tech Industrial Park Management Committee of Huizhou Zhongkai High-tech Zone (hereinafter referred to as "Zhongkai Huinan Management Committee"), combined with its own industrial planning and development needs, it is proposed to increase the project investment scale, and the total project investment will be increased from 2.6 billion yuan to 3 billion yuan.

After this increase, the Project Investment and Construction Agreement was signed in three phases. The total investment of the first phase of the project is 1.8 billion yuan, of which the investment in fixed assets is not less than 1.25 billion yuan and the total construction area is not less than 469222 square meters. The total investment in the second phase of the project is 792 million yuan, of which the investment in fixed assets is not less than 675 million yuan and the total construction area is not less than 2 150810 square meters. The total investment in the third phase of the project is 408 million yuan, of which the investment in fixed assets is not less than 350 million yuan and the total construction area is not less than 77690 square meters. The nature of the land used by the project is industrial land, and the project is located in plot B of the second phase of Huinan High-tech Industrial Park in Zhongkai High-tech District. The land use right has been obtained through listing and trading in accordance with legal procedures, with a total area of 348103 square meters.