Longbai Group and Tianmu Leader signed a strategic cooperation framework agreement to provide them with lithium-ion artificial graphite anode materials.

Long Bai Group (002601.SZ) announced that recently, the company and Liyang Tianmu pilot Battery material Technology Co., Ltd. (hereinafter referred to as "Tianmu pilot") signed a "Strategic Cooperation Framework Agreement".

It is reported that Tianmu pilot plans to purchase 2000-5000 tons / year of lithium-ion artificial graphite anode materials from Longbai Group during 2022-2024, which meets the requirements of Tianmu pilot (mainly matching silicon-carbon negative electrodes). Longbai Group is willing to carry out the whole process processing and production of negative electrode materials with an annual output of 3000-10000 tons for Tianmu pilot Company according to the actual construction progress of the negative production line. In terms of product technology, Tianmu forerunner is willing to provide strong help and support to Longbai Group in terms of anode material technology.

Work together to develop new markets. Make use of the high degree of integration of the two sides in the industrial chain to form new competitive advantages, build a community of interests, jointly plan the market layout, jointly open up international customers and markets, and realize the combination of strong and powerful. Enhance the international influence at the same time, increase the market share of their respective products, if necessary, develop a joint sales model and optimize the sales configuration.

The announcement said that the signing of a strategic cooperation framework agreement between the company and Tianmu Leader will help the two sides complement each other, share resources, fully tap the potential of their respective areas of advantages, and enhance the core competitiveness of both sides. This agreement is a cooperation framework agreement, and the follow-up company will recognize revenue in the relevant years according to the orders issued by Tianmu forerunner. The implementation of the agreement is expected to have a positive impact on the company's future annual operating results, in line with the company's long-term development strategy and the interests of all shareholders.