Hezhong Technology and Huayou Cobalt Industry have reached cooperation in the construction of Yibin battery-grade iron phosphate intelligent project and other fields.

On the evening of August 5th, 300477.SZ announced that the company (referred to as "Party B") recently signed a "Strategic Cooperation Agreement" with Zhejiang Huayou holding Group Co., Ltd. (referred to as "Party A" and "Huayou Holdings"). The two sides will cooperate in the construction of Yibin battery-grade iron phosphate intelligent project, industrial chain cooperation, capital market cooperation, business exchanges and other aspects of complementary advantages, resource sharing and common development. After friendly consultation between the two sides, they agreed to establish a long-term, comprehensive and stable strategic cooperative relationship in the field of lithium new energy.

The signing of this strategic cooperation agreement will help to further improve the strategic layout of the company's lithium electricity new energy field, and the two sides will build a common value chain by deeply binding cooperation models such as investment in Yacheng, Sichuan and co-construction of industrial bases. At the same time, it will further promote the company's technological and market leading position in the field of lithium battery cathode material precursor manufacturing, which will help to promote the production capacity release and scale expansion of lithium battery cathode material precursor.