Lanxiao Science and Technology: signed a 650 million yuan contract with Mount Qomolangma in Tibet to supply equipment for the adsorption section of Argentine lithium potassium with an annual production capacity of 25000 tons, and the equipment supply contr

Lanxiao Technology (300487.SZ) announced that recently, the company signed the "Argentine Lithium potassium Co., Ltd. annual production capacity of 25000 tons of adsorption section equipment supply contract" with Mount Everest in Tibet.

The subject matter of the contract: the equipment supply for the adsorption section of the lithium extraction project of 25000 tons / year scale brine of Tibet Qomolangma Resources Co., Ltd.

Delivery and acceptance cycle: delivery of 10, 000 tons of lithium carbonate scale brine lithium extraction adsorption equipment before May 31, 2022; 15000 tons of lithium carbonate scale brine lithium extraction adsorption equipment and 10, 000 tons of lithium carbonate scale brine lithium extraction adsorbent by July 31; delivery of 15000 tons of lithium carbonate scale brine lithium extraction adsorbent by September 30; filling time is December 20, 2022; The performance assessment will be completed on February 20, 2023.

As of the announcement, Mount Qomolangma in Tibet has made an advance payment of 65 million yuan to the company, and the contract has come into effect.

The contract amount of the project is 650 million yuan, accounting for about 70.45% of the total audited business income in the latest period. The performance of the contract will have a positive impact on the company's operating income and operating profit, will not affect the independence of the company's business, and will not form a significant dependence on the parties to the contract because of the performance of the contract.

The implementation of this project will be the first 10,000-ton industrialization case of lithium extraction from salt lake in South America, and will verify the industrialization level of the company's adsorption technology route under different brine conditions. The company's years of experience in overseas whole-line projects and remote debugging centers will provide a good technical guarantee for the implementation of the project. The implementation of the project will further enhance the company's market position in the field of lithium extraction from salt lake, and have a positive impact on the development of the company's own resources and new energy business sector.