Fulin Seiko and other companies jointly increase capital Jiangxi sublimation to build an annual output of 50,000 tons of new energy lithium cathode materials project

Recently, Mianyang Fulin Seiko Co., Ltd. (hereinafter referred to as "the company") and its grandson Hunan sublimation Technology Co., Ltd. (hereinafter referred to as "Hunan sublimation") and Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times"), Yangtze River Morning Road (Hubei) New Energy Industry Investment Partnership (Limited Partnership) (hereinafter referred to as "Yangtze River Morning Road") through friendly negotiation, To reach a cost framework agreement on jointly increasing the capital of Jiangxi sublimation New Materials Co., Ltd. (hereinafter referred to as "Jiangxi sublimation" or "target company").

The company will increase capital by RMB 272 million yuan; Ningde era will directly increase capital by RMB 20 million yuan, and have the right to choose to increase capital by RMB 44 million by itself or by a designated third party; and RMB 164 million by Changjiang Morning Road.

Within 18 months from the date of delivery of this capital increase, Ningde Times has the right to choose to increase the capital of the target company by RMB 100 million.

All the funds obtained from this capital increase will be used for Jiangxi sublimation to build a new project with an annual production capacity of 50,000 tons of new energy lithium cathode materials in Shehong City, Sichuan Province.