Yongxing material plans to build a battery-grade lithium carbonate project with an annual production capacity of 20,000 tons and supporting projects.

Recently, Yongxing Special Materials Technology Co., Ltd. (referred to as "Yongxing Materials") issued an announcement on its subsidiary's investment in the construction of a battery-grade lithium carbonate project and supporting projects with an annual production capacity of 20,000 tons. Yongxing material agrees that Jiangxi Yongxing Special Steel New Energy Technology Co., Ltd. (referred to as "Yongxing New Energy"), a wholly owned subsidiary, invests in the construction of an annual capacity of 20,000 tons of battery-grade lithium carbonate project with its own funds or self-raised funds. 1.8 million tons / year lithium ore efficient mineral processing and comprehensive utilization project and lithium ore resources series comprehensive value enhancement R & D project; It is agreed that the holding subsidiary, Yifeng County Huaqiao Mining Co., Ltd. (referred to as "Huaqiao Mining"), will invest in the construction of the annual production capacity of 3 million tons of lithium ore technical renovation and expansion project of Baishi Cunhua Mountain porcelain Mine with its own funds or self-raised funds.

Yongxing New Energy is the main business platform of Yongxing New Energy Company in the field of lithium new energy materials, on the basis of the battery-grade lithium carbonate project with an annual output of 10,000 tons, this time plans to build an annual capacity of 20,000 tons of battery-grade lithium carbonate project, supporting 1.8 million tons / year lithium ore efficient mineral processing and comprehensive utilization project, lithium ore resources series comprehensive value promotion research and development project; Huaqiao Mining has a mining license for Huashan porcelain Stone Mine in Baishicun, Huaqiao Township, Yifeng County. This time, it plans to invest in the construction of an annual lithium ore technical renovation and expansion project with an annual output of 3 million tons, so as to provide resource guarantee for the subsequent expansion of lithium carbonate production capacity. The total investment of the above projects does not exceed 1.12516 billion yuan.

The purpose of project investment and its impact on the company

Green recovery has become a global future development trend, vigorously develop the new energy industry as an important measure to achieve carbon peak, carbon neutralization target, the prospect is clearer. With the promotion of the global electrification process, the demand for upstream lithium salt materials in new energy vehicles and energy storage industry is increasing, the price of lithium salt materials is also rising, and the whole industry is showing a trend of rapid development. In order to implement the company's double main industry development strategy of "new materials + new energy" and seize the opportunity of the rapid development of the lithium power new energy industry, the company has successfully put into production and reached production of the battery-grade lithium carbonate project with an annual output of 10,000 tons, invest in the construction of the second phase of the battery-grade lithium carbonate project with an annual production capacity of 20,000 tons and supporting mining, mineral processing and comprehensive utilization projects. After the investment and construction project is completed and put into production, the company will give better play to the company's core technical advantages in extracting lithium from mica, raw material cost advantages and internal management advantages, enhance the company's profitability and core competitiveness, and enhance the company's position in the lithium salt industry. promote the company's high-quality development.