FinDreams Battery and Sichuan Meishan Xingmei Investment Group Officially Sign Framework Cooperation Agreement

Recently, the groundbreaking ceremony for the Dexiang Manganese-Based New Energy Materials Production Project was held. The project is invested and constructed by Fujian Dexiang New Materials Co., Ltd., located in Xinluo District, Longyan City, Fujian Province. The first phase covers a planned land area of 299.82 mu, with a total investment of 1.2 billion yuan. Upon completion, the first phase will have an annual production capacity of 100,000 tons of high-purity manganese sulfate, 20,000 tons of trimanganese tetroxide, and by-products. The products can be applied in energy storage fields such as cathode materials for lithium-ion batteries, sodium-ion batteries, and aqueous zinc-ion batteries. Once the project reaches full production capacity, it is expected to achieve an annual output value of approximately 1.08 billion yuan, contribute about 160 million yuan in taxes, and provide around 330 jobs.

Recently, the signing ceremony for the 30,000-tons/year hard carbon anode material project of Hunan Jidian Teneng Technology Co., Ltd. was held, with the project settling in Shuifu City, Yunnan Province. The project has a total investment of 500 million yuan and is expected to achieve an annual output value of 750 million yuan upon reaching full production capacity. The project is invested and constructed by Hunan Jidian Teneng Technology Co., Ltd., and upon implementation, its wholly-owned subsidiary Yunnan Jitan New Materials Co., Ltd. will be fully responsible for the project's construction, production, and operation. The project's products are hard carbon anode materials, primarily used in sodium-ion batteries and energy storage batteries. Jidian Teneng was founded by a professorial team from the School of Materials Science and Engineering of Hunan University, possessing core independent technologies in the hard carbon anode material sector, with product performance comparable to top international standards.

CATL announced plans to repurchase its A-shares using self-owned or self-raised funds via centralized competitive trading, with a total repurchase amount of no less than RMB 20 billion and no more than RMB 40 billion, at a maximum price of RMB 573 per share. The upper limit of this buyback plan surpasses Gree Electric's 2021 buyback proposal, ranking first in A-share history.