"Cangzhou Mingzhu Subsidiary Plans to Invest 350 Million Yuan to Construct Dry Process Lithium Ion Battery Separator Project

According to the announcement from Cangzhou Mingzhu, its subsidiary Cangzhou Mingzhu Lithium Battery Separator Co., Ltd. is planning to invest in the construction of the "Annual Output of 5 Billion Square Meters Dry Process Lithium Ion Battery Separator Project" in Cangzhou High-tech Zone, Hebei Province. The total investment for the project is 350 million yuan, which will be used for the production of dry process lithium ion battery separator products. The company will solve the funding for this project through self-owned funds and self-raised funds, etc. Cangzhou Mingzhu stated that the current annual design capacity of dry process lithium ion battery separator is 1 billion square meters. After the completion and reaching full capacity of this project, the annual design capacity of dry process lithium ion battery separator for the company will be 6 billion square meters."