[Engaged in lithium battery anode materials business! YOUNGY plans to invest 100 million yuan to establish a wholly-owned subsidiary] On the evening of November 19, YOUNGY announced that, according to its strategic planning and operational development needs, and to further integrate the upstream and downstream industry chain of lithium battery materials and fully leverage the synergistic advantages of the industry chain, the company plans to invest 100 million yuan to establish a wholly-owned subsidiary, Lanzhou Youngy Materials Technology Co., Ltd., to engage in lithium-ion battery anode materials business. YOUNGY stated that in recent years, the anode materials industry has been in a rapid development stage, with an accelerated pace of capacity expansion, and the market share of artificial graphite has significantly increased. Although the anode materials industry has accumulated a certain capacity in the short term, from a structural perspective, based on the rapid development of the lithium-ion battery industry, there is still a gap in high-capacity, high-power, high-safety, and high-stability anode materials. Currently, high-end artificial graphite products all use ultra-high temperature modification, and high-temperature modification processing is a scarce resource.