Jinyuan shares plan to carry out in-depth cooperation and layout with Zhongke Suhua in the overseas lithium resources industry chain.

Jinyuan Co., Ltd. (000546.SZ) announced that Jinyuan New Energy Development Co., Ltd. (Jinyuan New Energy), a wholly owned subsidiary of the company, signed a Joint Strategic Cooperation Framework Agreement with China Science and Technology Development (Beijing) Technology Development Co., Ltd. (referred to as China Science and Technology Development Co., Ltd.). The two sides plan to establish a long-term, stable and close joint strategic partnership to carry out in-depth cooperation and layout in the overseas lithium resources industry chain through the combination of superior resources and joint investment. and actively participate in overseas salt lake lithium resources investment, mergers and acquisitions or through technological development and utilization of lithium products.

According to the comprehensive research and judgment of both Party An and Party B on the distribution of overseas lithium resources and the investment environment, both parties have made it clear that the target area of investment or M & A projects in 2022 is Argentina, strive for successful investment or merger of 1 or 2 salt lakes or obtain lithium products through technological improvement of lithium resources production lines, and successfully sign equity transfer agreements or cooperation agreements. For projects in other countries in the South American region, including but not limited to Bolivia and Chile, they are limited to cooperation opportunities to enhance the production line of lithium resources through technological transformation, and there is no overall M & A plan for the project at this stage.

It is reported that Zhongke Suhua is a member of Beijing Maison Engineering Technology Co., Ltd., taking the upstream resource extraction and utilization of new energy industry, technology development services and project investment as its business direction, giving full play to the global strategic cooperation and business coordination advantages of leading international engineering and technology companies such as Maison,Worley Parsons,Baker Hughes, and providing an overall solution for the acquisition, development and utilization of global upstream strategic resources of new energy.

The announcement said that this cooperation is based on the company's need to promote the overseas lithium resources industry, is in line with the common development vision of both sides, is to ensure the company's long-term and stable development, helps to improve the company's core competitiveness and profitability, and is in line with the company's development strategy.