Huaan New Materials has been formally incorporated into the supply chain system of Ningde era and has completed the delivery of lithium battery-grade PVDF products in February.

On March 2, Lianchuang announced that Shandong Huaan New Materials Co., Ltd. (hereinafter referred to as "Hua'an New Materials"), a subsidiary of the company, recently passed the supplier access audit of Ningde era, and Huaan New Materials was officially incorporated into the supply chain system of Ningde era, mainly providing lithium battery-grade PVDF (polyvinylidene fluoride) to Ningde era and its related companies (Qinghai era, Liyang era, time SAIC, Sichuan Times, etc.). It is the most commonly used positive binder for lithium battery.

Huaan Xincai is officially incorporated into the supply chain system of Ningde era; photo source: screenshot of Lianchuang share announcement

According to the Cooperation Framework Agreement signed by the two sides on December 11, 2021, under the condition that the quality, price and delivery of lithium battery-grade PVDF of Hua'an New material meet the requirements of Ningde era, Ningde Times guarantees that the annual purchase of Hua'an New material Lithium Battery-grade PVDF is 80% of the total annual output of PVDF. Both parties have carried out and completed the delivery of the products in February in accordance with the terms of this agreement.

It is reported that Ningde era of Huaan new materials lithium battery-grade PVDF procurement, by its procurement center according to the actual output of Huaan new materials to adopt the "headquarters overall planning, decentralized procurement" mode. The specific contents such as quantity, price, delivery time, method of payment and so on are stipulated in the purchase order of each related production base. Among them, the product price is set on a monthly basis in accordance with the framework agreement between the two parties.

Lianchuang shares pointed out in the announcement that Huaan Xincai has become an official supplier of Ningde era, and the formal cooperation shows that Ningde era's further recognition of the company's lithium battery-grade PVDF products will help to strengthen the long-term and stable cooperative relationship between the company and Ningde era, and is conducive to the growth of the company's future business performance and sustainable profitability.