CNR titanium dioxide 200 million yuan to increase the capital of Jintai potash fertilizer to stabilize the supply of lithium carbonate products

China Nuclear Titanium dioxide announced that recently, CNNRC original Titanium dioxide Co., Ltd. (hereinafter referred to as "the company") signed the "Capital increase Agreement on Qinghai Jintai Potash Fertilizer Co., Ltd." with Li Shiwen, Qinghai Fukang Mining Asset Management Co., Ltd. (hereinafter referred to as "Fukang Mining") and Qinghai Jintai Potash Fertilizer Co., Ltd. (hereinafter referred to as "Jintai Potash Fertilizer"). The company plans to increase its capital by 200 million yuan to Jintai Potash with its own funds. Among them, 8.89 million yuan is the new registered capital of Jintai potash, and the rest is included in the capital reserve of Jintai potash. After the completion of the deal, the company holds a 4.39% stake in Jintai potash.

Jintai Potash Fertilizer is committed to the comprehensive development and utilization of salt lake resources, mainly engaged in mineral development of Balunmahai salt lake resources, engaged in the exploitation, production and sale of potash, lithium and borate. In response to the national western development strategy and new energy development strategy, to create a world-class salt lake base and accelerate the development of Balun Mahai salt lake resources, Jintai potash plans to raise funds to introduce strategic investment cooperation institutions.

In order to build a sustainable and high-quality development model, the company is building a unique "sulfur-phosphorus-iron-titanium-lithium" coupling circular economy industrial chain around the concept of "vertical promotion and horizontal circulation". Expand the main business product structure from a single titanium dioxide to cover titanium dioxide, water-soluble monoammonium phosphate (water-soluble fertilizer), as well as iron phosphate, lithium iron phosphate and other new energy battery cathode materials related products. The company will make use of the existing industrial advantages to carry out supply-demand cooperation with enterprises with lithium resources and lithium development capabilities to ensure the supply of core raw materials in the company's industry, which is conducive to the long-term and stable development of the company's business. In the future, as a share Dongfang, the company will actively cooperate with Jintai Potash Fertilizer in the exploration and cooperation in the development and utilization of potash fertilizer and salt lake resources.

China Nuclear Titanium dioxide said that the capital increase of Jintai potash will bring a stable supply of lithium carbonate products for the company, help the company to share resources and benefits with Jintai potash, and promote the long-term development of the company, which is in line with the company's strategic plan.