Grimme plans to invest 2.8 billion yuan to build 50, 000 tons of lithium iron phosphate cathode materials, 15000 tons of lithium carbonate and other projects

Greenmei announced that carbon neutralization is an important development strategy of the country's 14th five-year Plan and 2030 long-term Plan, and carbon neutralization will become the green industry with the greatest driving force in the next 10 years, which will change the world industrial manufacturing mode and industrial pattern, and show huge market prospects and industrial opportunities. It is the common responsibility of the government and enterprises to develop green industry and promote carbon peak carbon neutralization. Recently, the company ("Party B") and the people's Government of Jingmen City ("Jingmen Municipal Government" or "Party A"), based on the principle of combination advantages and achieving win-win results, reached strategic cooperation on the construction of Jingmen new energy materials circular economy low-carbon industrial demonstration park and the comprehensive treatment of new energy materials and industrial solid waste. It is proposed to sign the Investment Cooperation Agreement on the Construction of New Energy Materials Circular economy low-carbon Industrial demonstration Park and projects such as New Energy Materials and Comprehensive treatment of Industrial solid waste.

The two sides agreed to seize the strategic opportunity of carbon neutralization in the national carbon peak, take the exploitation of urban mines and the development of a new generation of new energy materials as the main body, and implement strategic cooperation in policies, resources, and capital. We will plan and build Jingmen New Energy material Circular economy low-carbon Industrial demonstration Park, realize the transformation and upgrading from urban mineral recycling industry to new energy material low-carbon industry, and implement the low-carbon industry project with an output value of 10 billion yuan. To build a world-class manufacturing base for the recycling of ternary precursors of power batteries, lithium iron phosphate materials and nickel-cobalt-lithium raw materials, strive to achieve the goal of breaking the output value of 30 billion yuan in the 14th five-year Plan, and complete carbon neutralization ahead of schedule by 2030. Build a world-class low-carbon industry demonstration park, a world-class low-carbon industry innovation center and a world-class low-carbon industry education demonstration base. To build low-carbon industrial demonstration zones, low-carbon technological innovation areas and high-yield fields of low-carbon industries is in line with the industrial development direction of Jingmen City.

The 35th meeting of the Fifth Board of Directors was held on September 17, 2021 to examine and approve the proposal on signing with the Jingmen Municipal Government the investment and cooperation agreement on the construction of a demonstration park for circular economy and low-carbon industry of new energy materials and new energy materials and comprehensive treatment of industrial solid waste. It is agreed that the company and the Jingmen municipal government will sign the Investment Cooperation Agreement on the Construction of New Energy Materials Recycling economy and low carbon Industrial demonstration Park, New Energy Materials and Comprehensive treatment of Industrial solid waste, etc., and the company will invest an additional 2.8 billion yuan in Jingmen. In the mode of circular economy, 80, 000 tons of new generation ultra-high nickel precursor materials and supporting nickel-cobalt raw material system, 50, 000 tons of lithium iron phosphate cathode materials, 100000 tons of iron phosphate precursor materials, 15000 tons of high-purity lithium carbonate and 20, 000 tons of high-purity manganese sulfate crystals and solid waste comprehensive treatment center, the output value increased by more than 15 billion yuan, and the capacity of ternary precursor materials was expanded. Expand iron phosphate precursor materials, lithium iron phosphate cathode materials and battery-grade lithium carbonate and manganese sulfate raw materials to create a complete manufacturing system and a world-class manufacturing base for vehicle power battery cathode materials and cathode materials, to form a complete low-carbon industrial system from power battery recovery, new energy raw material remanufacturing, new energy material remanufacturing to solid waste comprehensive treatment.

This time, the company signed a cooperation agreement with the people's Government of Jingmen City to accelerate the construction of Jingmen New Energy material Circular economy low-carbon Industrial demonstration Park through the strategic cooperation of policy, resources and capital. realize the transformation and upgrading from urban mineral recycling industry to new energy materials low-carbon industry, and implement the low-carbon recycling industry project with an output value of 10 billion yuan. By increasing investment in the construction of 80, 000 tons of new generation ultra-high nickel precursor materials, 50, 000 tons of lithium iron phosphate cathode materials, 100000 tons of iron phosphate precursor materials, 15000 tons of high-purity lithium carbonate and 20, 000 tons of high-purity manganese sulfate crystals and solid waste integrated treatment center, the company's goal of building 400000 tons of ternary precursor materials put forward by the company during the 14th five-year Plan will be effectively implemented. And expand from ternary precursor materials to iron phosphate precursor materials, lithium iron phosphate materials, battery-grade lithium carbonate raw materials and battery-grade manganese sulfate raw materials, form a comprehensive manufacturing base for the recovery and utilization of power battery ternary precursors, lithium iron phosphate cathode materials and lithium manganese raw materials, and comprehensively strengthen the company's global core competitiveness in the field of new energy power battery raw materials and materials manufacturing. It will help to promote the leapfrog development of the company's core business of urban mines and new energy materials, and form a world-competitive urban mine recycling and new energy materials industry chain. consolidate the company's core head enterprises and core competitiveness in the world new energy materials industry. It will help to promote the company to build a world-class low-carbon industrial demonstration park with a leading Yangtze River economic belt, promote Jingmen City to build a national low-carbon demonstration city, take the lead in implementing carbon neutralization in 2030, and promote the smooth realization of the national dual-carbon strategy.

Jingmen Municipal Government will actively allocate resources and give positive policy support to the company's development, which will help to reduce the company's production and operating costs and promote the project to achieve the desired goals. This foreign investment is expected to have a positive impact on the future operation and development of the company.