Memo on the signing of Cooperation between Yinbang shares and Ningde Times

Yinbang shares announced on April 18 that it had signed a "Memorandum of Cooperation" with Ningde Times on April 18, 2022. During the period from January 1, 2022 to December 31, 2026, the company promises to directly or indirectly supply battery water-cooled plate materials (used in new energy vehicles, energy storage, etc.) to Ningde era, with a total supply of 361800 tons, the specific quantity and price of which shall be subject to the subsequent specific purchase contracts or purchase orders signed by both parties.

It is worth noting that as early as April 13, Silver Bond announced that it had signed a "commercial contract" (hereinafter referred to as "VALEO" or "Valeo Group") with VALEOThermalSystems (hereinafter referred to as "Valeo Group" or "Valeo Group"). According to Valeo's actual business plan, the company will supply aluminum alloy composite and non-composite materials to Valeo and its subsidiaries or its designated supporting companies. The contract amount is expected to be RMB 2 billion per month for a period of 3 years, from January 1, 2022 to December 31, 2024.

In 2022, Yinbang shares actively layout, expand the company's business, through the product certification process of high-end customers at home and abroad and gradually mass production, has been recognized by more and more high-end markets and high-end customers.