Securities code: 002497 securities abbreviation: Sichuan Yahua Industrial Group Co.Ltd(002497) Announcement No.: 2022-07
Sichuan Yahua Industrial Group Co.Ltd(002497)
Progress announcement on signing lithium concentrate off purchase agreement with Australian core company
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Transaction overview
On March 29, 2019, the wholly-owned subsidiary of Sichuan Yahua Industrial Group Co.Ltd(002497) (hereinafter referred to as " Sichuan Yahua Industrial Group Co.Ltd(002497) " or "the company") Yahua International Investment Development Co., Ltd. (hereinafter referred to as "Yahua international") and the wholly-owned subsidiary of Australian core company lithium developments (grants NT) Pty Ltd, Hereinafter referred to as "lithium industry development") signed the off purchase agreement on lithium concentrate. Both parties agreed that Yahua international will purchase at least 300000 dry tons of lithium oxide concentrate from lithium industry development. After the lithium deposit is put into operation, Yahua international will purchase at least 75000 dry tons of lithium oxide concentrate every year (floating up and down no more than 10%). For details, please refer to the company's announcement on securities times, Shanghai Securities News, China Securities News and cninfo (www.cn. Info. Com. CN.) on April 2, 2019 Announcement on the progress of adjusting the off take agreement with Australian core company issued on.
2、 Progress of the agreement
At present, the Australian core company has started mining construction as planned, and is expected to provide lithium concentrate for the company in the fourth quarter of this year according to the agreement. On February 16, 2022, Yahua international signed a supplementary agreement to the off purchase agreement with lithium industry development, a wholly-owned subsidiary of Australian core company. The supplementary agreement adjusted the reference price and maximum price of lithium concentrate in the original agreement, and re agreed the relevant terms of delivering products FOB. In the future, if the Australian core company plans to expand the production of the project and has additional products that can be sold to Yahua international, the two sides will further discuss the sales agreement of additional products.
3、 Impact on the company
The adjustment of the highest price makes some lithium concentrates of the company have great cost advantages. With the continuous output of lithium concentrates of core company, it will open up another stable raw material supply channel for the company. The company will seize the development opportunity of the industry, continue to layout the upstream lithium resources, and improve the resource guarantee ability of lithium salt capacity expansion in the future, so as to enhance the competitiveness of the company in the lithium industry.
The company will timely perform the obligation of information disclosure according to the follow-up progress of the matter. Please invest carefully and pay attention to investment risks.
It is hereby announced.
Sichuan Yahua Industrial Group Co.Ltd(002497) board of directors February 16, 2022
