The formal signing of the energy supply service contract between Tibet Mining Xigaze Lithium Industry and the State Power Investment helps to promote the 10,000-ton battery-grade lithium carbonate project.

The Tibet Mining Industry (000762.SZ) announced that Xigaze Zabuye Lithium Industry Hi-Tech Co., Ltd. (serial number: Lin 2021-035) confirmed that Tibet Energy Co., Ltd. of the State Power Investment Group ("State Power Investment") as the winning bidder for the (BOO) ((Project "Project") of the 10,000-ton battery-grade lithium carbonate project for comprehensive green development and utilization of Zabuye Salt Lake in Tibet. Today, Tibet Xigaze Zabuye Lithium Industry Hi-Tech Co., Ltd. ("Xigaze Lithium Industry"), a holding subsidiary, formally signed an "Energy supply Service contract" with the State Power Investment Corporation for the above-mentioned projects. the contract shall take effect from the date when it is signed and sealed by both parties and approved by the group companies of both parties. The main information such as the content and amount of the contract is consistent with the notice of winning the bid.

On August 27, 2021, the company disclosed the announcement on the project of green comprehensive development and utilization of 10,000 tons of battery-grade lithium carbonate in Zabuye Salt Lake, Tibet. The performance of the contract will contribute to the promotion of the 10,000-ton battery-grade lithium carbonate project, will not affect the company's business independence, and will not be dependent on the other party as a result of the performance of the contract.