Boqian New Materials and its subsidiary Guangxin Nano signed a major contract with resident Electronics.

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On December 22, according to the announcement of Boqian New Materials, Jiangsu Boqian New Materials Co., Ltd. (hereinafter referred to as "the company", "Boqian New Materials") and its subsidiary Ningbo Guangxin Nanomaterials Co., Ltd. (hereinafter referred to as "Guangxin Nano") and Dongguan Mineral Electronic paste Co., Ltd. (hereinafter referred to as "Mineral Electronics") signed the Strategic Cooperation Agreement.

The agreement is valid from the effective date of the agreement to December 31, 2022 (the cooperation period expires and the strategic cooperation agreement can be renewed through consultation between the two parties). The agreement stipulates that the company and its subsidiary Guangxin Nano and Mineral Electronics intend to form a long-term and comprehensive strategic partnership of product supply and demand through this close strategic cooperation to achieve resource sharing and common development. And establish a solid foundation for future cooperation in other projects. According to the forecast of the demand for MLCC market, it is agreed that the quantity of products purchased by the company and its subsidiary Guangxin Nano in 2022 will be 375 tons.

The influence of contract performance on listed companies

The signing of this strategic cooperation agreement will help the company and its subsidiaries to form a long-term and comprehensive strategic partnership between supply and demand of products, achieve resource sharing and common development, and establish a solid foundation for future cooperation in other projects. The implementation of this agreement will not have a significant impact on the company's 2021 operating results, and is expected to have a positive impact on the company's 2022 operating results, but will not affect the company's business and operational independence.

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