Anzhong Co., Ltd. plans to acquire 231 million of Jinghui Regeneration's shares in industries such as lithium ore and mineral processing.

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On the evening of December 15, Saddle heavy Co., Ltd. (002667) announced that through its wholly-owned subsidiary Yichun you Lithium Technology Co., Ltd., the company intends to acquire 21 million shares of Jiangxi Jinhui Renewable Resources Co., Ltd. (hereinafter referred to as Jinhui Regeneration) held by Shiyan Hongsheng Trading Partnership (limited partnership) with its own and self-raised funds of RMB 231 million. After the completion of the acquisition, Jinhui became a holding subsidiary of the company, which was included in the scope of the company's consolidated statements.

According to the announcement, Jinhui Regeneration has a registered capital of 30 million yuan. It is a company integrating R & D, production and sales, specializing in the combined separation, extraction and comprehensive utilization of non-metallic tantalum-niobium-lithium ore and waste stone (tailings) to achieve circular economy production, environmental protection, science and technology-based state-level high-tech enterprises, the original potash feldspar sand production line and lithium mica feldspar production line completed the acceptance of environmental protection in June 2017. In the second half of 2021, Jinhui Regeneration plans to increase mineral processing capacity by 400000 tons through technical transformation. The technical renovation project has not yet completed the procedures of environmental assessment and energy assessment, and is currently being processed. From January to October in 2020 and 2021, the net profit of Jinhui Regeneration was 8.3467 million yuan and 12.392 million yuan respectively.

In the agreement, the performance target of Jinhui Regeneration is also required: the audited net profit of Jinhui Regeneration in 2021 (after deducting non-recurrent profit and loss) should not be less than 10 million yuan. The audited net profit (after deducting non-recurrent profits and losses) of Jinhui Regeneration in 2022,2023 and 2024 shall be not less than 53 million yuan, 55 million yuan and 52 million yuan respectively, and the total shall not be less than 160 million yuan.

Battery network learned that saddle heavy shares are mainly engaged in mining, construction and road construction machinery and equipment research and development, manufacturing, sales and services, the main products are vibrating screen and precast concrete component production line as well as trading business. The company's operating income in 2019,2020 and January-September 2021 was 222 million yuan, 290 million yuan and 159 million yuan respectively.

Saddle heavy shares said that the original business (vibrating screen, PC components) remained stable, while strategically considering to seek new growth points. As a national key pillar industry, the management of the new energy industry chain is firmly optimistic about its development prospects. The acquisition of Jinhui can strengthen the processing capacity of the company in mineral processing, and is an indispensable part of improving the layout of the company in the whole upstream industrial chain of new energy. After the completion of this transaction, the company's asset scale and business scope will be expanded, and the company's business scope will be extended to mineral processing and tailings production and processing industries.

It is worth noting that under the high prosperity of the new energy industry, Saddle heavy shares have increased the size of the new energy industry many times this year.

On November 25, the company announced that the company, together with Gongqingcheng Yide Investment Partnership (limited partnership) and Yichun Danchen Lithium Consulting Center (limited partnership), jointly contributed 100 million yuan to establish Jiangxi Lineng Lithium Industry Co., Ltd. (finally subject to the name approved and registered by the industrial and commercial department), of which the company subscribed 51 million yuan with its own capital, accounting for 51% of the registered capital of the joint venture company. The business scope of the joint venture company includes lithium carbonate production, processing, sales and so on.

On June 16, Anzhong announced that it planned to use its own funds to acquire no less than 51% of Jiangxi Xing Lithium Technology Co., Ltd. (hereinafter referred to as "Xing Lithium Technology") held by Jiangxi Tongan. Upon completion of the above transaction, the company will hold a stake of not less than 51% in Xingli Technology. Xing Li Technology has an annual selection of 400000 tons of lithium-bearing porcelain stone ore efficient comprehensive utilization project, located in Yifeng County, Jiangxi Province, Tongan Township, under the new house of Ejing Village, covers an area of 75.03 mu, the annual output of lithium mica concentrate is about 40, 000 tons.