Greenmi signs strategic procurement agreement on nickel raw materials and cobalt by-products for power batteries

SMM: Greenbeauty announced today that it recently signed a strategic procurement agreement with PTHALAMAHERAPERSADALYGEND, a subsidiary of Ningbo Liqin Resources Technology Development Co., Ltd. (hereinafter referred to as "Liqin Resources") on the procurement of nickel hydroxide intermediates for power batteries and the procurement of nickel sulfate and cobalt sulfate.

According to the agreement, the products provided by HPAL to Grimm are nickel hydroxide intermediates and nickel sulfate and cobalt sulfate. Within 8 years from 2021, Liqin Resources Indonesia OBI Nickel Wet smelting Project HPAL Plant has cumulatively supplied not less than 74400 tons of nickel raw materials and no more than 178560 tons of nickel raw materials to Grimme, and no less than 9296 tons of cobalt by-products and no more than 22320 tons of cobalt by-products. Among them, each contract year, the supply is not less than 9300 tons of nickel raw materials and 1162 tons of cobalt by-products and not more than 22320 tons of nickel raw materials and 2790 tons of cobalt by-products.

This agreement is a strategic agreement of cooperation between the two parties and does not need to be submitted to the board of directors and shareholders' meeting for consideration. With regard to the follow-up matters involved in this agreement, the company will promptly perform the corresponding information disclosure obligations in accordance with the relevant provisions of laws and regulations such as the rules on Stock listing of the Shenzhen Stock Exchange and the guidelines for the standardized Operation of listed companies on the Shenzhen Stock Exchange.

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