Securities code: 688101 securities abbreviation: Suntar Environmental Technology Co.Ltd(688101) Announcement No.: 2022-006 Suntar Environmental Technology Co.Ltd(688101)
Voluntary disclosure announcement on signing daily sales contracts for the company’s salt lake lithium extraction business
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Contract type and amount
Contract type: EPC contract of 5000t / a battery grade lithium carbonate project
Contract amount: RMB two hundred and ten million yuan only (in figures: ¥ 210000000 yuan) effective conditions of the contract
The contract shall come into force after being signed and sealed by both parties
Contract performance period
From the date when the contract is signed and sealed and takes effect to the date when the project device reaches the production standard
Impact on Listed Companies in the current period
1. Performance impact:
This contract is a sales contract related to the company’s daily business activities. The performance of the contract will have a positive impact on the company’s business performance in 2022 and help to improve the company’s sustainable profitability and core competitiveness.
2. Impact on the company’s business development:
The counterparty of this transaction is jinkunlun Lithium Industry Co., Ltd. the business scope of the company is the production, processing and sales of metal lithium and lithium salt series products, lithium aluminum alloy, etc. it is the only high-tech enterprise specializing in the production of metal lithium in Qinghai Province. The EPC contract of 5000t / a battery grade lithium carbonate project signed by the company and jinkunlun Lithium Industry Co., Ltd. enriches the application scenarios of the company’s Salt Lake Lithium Extraction Technology in the field of lithium carbonate, expands the market share and establishes the role of case benchmark, which is conducive to the industrialization transformation and Implementation of the company’s continuously developed salt lake lithium extraction related technologies, It is of positive significance to build an optimization and upgrading platform for lithium extraction technology and establish cooperative relations with excellent companies in the lithium resources industry.
● risk tips during contract performance
The contract amount, effective conditions, settlement method, liability for breach of contract and other contents have been clearly agreed in the terms of the contract. Both parties to the contract have good performance ability. However, in the process of contract performance, in case of unpredictable factors such as policy and market environment or the influence of force majeure, the contract may not be performed on schedule or in full. Please pay attention to investment risks. 1、 Review procedure
Recently, Suntar Environmental Technology Co.Ltd(688101) (hereinafter referred to as ” Suntar Environmental Technology Co.Ltd(688101) ” or “the company”) signed the EPC contract for 5000 t / a battery grade lithium carbonate project with jinkunlun Lithium Industry Co., Ltd., with a total contract price of RMB 210 million (in figures: ¥ 210 million).
This contract is a daily operating contract of the company. The company has fulfilled the corresponding internal approval procedures for signing this contract. According to the relevant rules of the Listing Rules of the science and Innovation Board of Shanghai Stock Exchange and the articles of association, signing this contract does not need to be submitted to the board of directors or shareholders’ meeting of the company for deliberation and approval.
2、 The subject matter of the contract and the situation of the other party
(I) subject matter of the contract
1. Project name: EPC project of 5000 t / a battery grade lithium carbonate project
2. Contract amount: RMB 210 million (in figures: ¥ 210000000)
3. Project content: design, procurement, installation, commissioning and acceptance of 5000 t / a battery grade lithium carbonate EPC project
(II) information of the other party to the contract
1. Basic information of Kunlun Lithium Industry Co., Ltd
Company name: jinkunlun Lithium Industry Co., Ltd
Enterprise type: other limited liability companies
Address: No. 28, Hanhai Road, Kunlun Economic Development Zone, Golmud City, Qinghai Province
Date of establishment: January 17, 2017
The registered capital is 320 million yuan
Legal representative: Zhao Penglong
Unified social credit code 91632801ma753lr18k
Dachaidan Dahua Chemical Co., Ltd. holds 36.66% equity; Huizhou Yiwei lithium shareholder structure energy Co., Ltd. holds 28.13% equity; Zhao Penglong holds 19.59% equity; Zhao Ye holds 15.63% equity.
Production, processing and sales of metal lithium, production, processing and sales of lithium chloride, battery grade lithium carbonate and lithium magnesium alloy. Boron oxide, potassium chloride, potassium sulfate and potassium magnesium sulfate are mainly engaged in the production, processing and sales of fertilizer, lake salt and disinfection products (excluding hazardous chemicals). Lithium salt scientific research and technology consulting services (excluding intermediary services). Rental of houses, machinery and equipment. Import and export business of goods and technologies (except those specially stipulated by the state).
2. There is no relationship between the company and its holding subsidiaries and jinkunlun Lithium Industry Co., Ltd.
3、 Main terms of the contract
(I) contract amount
Total contract price: RMB two hundred and ten million only (in figures: ¥ 210000000). The above total contract price includes the design service fees for all design documents, operation procedures, use, maintenance manuals and other technical documents related to the complete set of equipment within the scope of contract; Equipment price, material cost, production cost of complete set of equipment and transportation cost (Party B shall transport and unload the subject matter to the place designated by Party A); Installation and commissioning fee (reaching the production standard) and training fee; Taxes and fees payable by Party B. This contract is a fixed price contract and will not be adjusted unless otherwise agreed in this contract.
(II) payment method and payment schedule
Pay progress payment and acceptance payment according to the project progress agreed in the contract. The proportion of bank acceptance bill (within 6 months) in the contract payment shall not exceed 50%, and the rest shall be telegraphic transfer / transfer.
（3） Place of performance: Golmud City, Qinghai Province
(IV) contract performance period: from the date when the contract is signed and sealed to the date when the project unit reaches the production standard
(V) conditions for the effectiveness of the contract: the contract shall come into force after being signed and sealed by both parties
4、 Impact of contract performance on Listed Companies
(I) this contract is a sales contract related to the company’s daily business activities. The performance of the contract will have a positive impact on the company’s business performance in 2022 and help to improve the company’s sustainable profitability and core competitiveness.
(II) the company and its holding subsidiaries do not have any relationship with the counterparty jinkunlun Lithium Industry Co., Ltd. The performance of this contract will not affect the independence of the company’s business, and the company’s main business will not rely on the counterparty due to the performance of the contract.
5、 Risk analysis of contract performance
The contract has made clear provisions on the contract amount, effective conditions, settlement method, liability for breach of contract and other contents, and both parties have the ability to perform the contract. However, in the process of contract performance, in case of unpredictable factors such as policy, market environment or force majeure, the contract may not be performed on schedule or in full. Please pay attention to investment risks.
It is hereby announced.
Suntar Environmental Technology Co.Ltd(688101) board of directors February 19, 2022
