Jinyuan subsidiary Company to increase Capital Oupeng Technology layout waste Lithium Battery Recycling system

Jinyuan shares (000546.SZ) announcement, recently, the company's subsidiary Jinyuan New Materials Co., Ltd. ("Jinyuan New Materials") and Zhejiang Oupeng Technology Co., Ltd. ("Oupeng Technology" or "Target Company") and all its shareholders signed the "Jinyuan New Materials Co., Ltd. capital increase agreement on Zhejiang Oupeng Science and Technology Co., Ltd.", Jinyuan New Materials plans to use its own capital of 20 million yuan to increase capital to the target company. After the completion of this capital increase, Jinyuan New Materials will hold a 20% stake in the target company.

It is reported that Oupeng Technology is an urban zero-carbon transportation power system service provider, mainly engaged in the R & D and manufacture of standardized lithium batteries for new energy vehicles, ecological operation of new energy exchange vehicles and smart energy network operation. The company's development vision is to become the mainstream supplier of new energy materials, and the exchange of power stations is an important application scene in the field of new energy materials, and it is also one of the three major sources of waste lithium batteries in the future. This investment is in line with the company's lithium resources "upstream mining." downstream recycling "two-wheel drive development strategy and secondary take-off development plan will be conducive to the layout and cultivation of the company's waste lithium battery recycling system. Ensure the raw material source of lithium recovery in the future.