[Shanghai Xiba: Plans to Participate in Bidding for Assets Related to GRINM's Lithium Sulfide Business]

Published: Jul 8, 2025 09:09

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Recently, Shanghai Xiba announced its plan to participate in the bidding for the lithium sulfide business-related assets publicly listed for transfer by GRINM Rare Earth within the scope of the board's decision-making, in order to promote the development of the new energy sector. This transaction does not constitute a related-party transaction or a major asset restructuring. It has been approved by the board and does not need to be submitted to the shareholders' meeting. There are uncertainties regarding the bidding results and the completion of the transaction, and the company will make prudent decisions after comprehensive consideration of its financial situation. The assets subject to this bidding include two parts: intangible assets and fixed assets, including the production technology of lithium sulfide for solid-state electrolytes. This technology mainly encompasses the high-purity lithium sulfide synthesis methods, processes, and equipment related to the production technology of lithium sulfide for solid-state electrolytes, which was independently developed and solely owned by GRINM Rare Earth.

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