Sunresin New Materials Co.Ltd Xi'An(300487) : Announcement on receipt of contract signing notice

Securities code: 300487 securities abbreviation: Sunresin New Materials Co.Ltd Xi'An(300487) Announcement No.: 2022-018 bond Code: 123027 bond abbreviation: Lanxiao convertible bond

Sunresin New Materials Co.Ltd Xi'An(300487)

Announcement on receipt of contract signing notice

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.

Risk warning: the project has not signed the contract and completed the delivery, and there are still some uncertainties and risks. Please make careful decisions and pay attention to preventing investment risks.

Sunresin New Materials Co.Ltd Xi'An(300487) (hereinafter referred to as "the company") recently received the signing notice of Tibet Summit Resources Co.Ltd(600338) (hereinafter referred to as "600338}"). The company will negotiate matters related to the signing of the contract within 5 days after receiving the notice. The relevant information will be announced as follows:

1、 Overview of contracted projects

Project Name: Tibet Summit Resources Co.Ltd(600338) 25000 T / a lithium carbonate scale brine lithium extraction project adsorption section equipment supply

Contract price: RMB 650000000.00.

Delivery and acceptance cycle: complete the delivery of 10000 tons of lithium carbonate brine lithium extraction and adsorption equipment before May 31, 2022; Complete the delivery of 15000 tons of lithium carbonate brine lithium extraction adsorption equipment and 10000 tons of lithium carbonate brine lithium extraction adsorbent before July 31; Complete the delivery of 15000 tons of lithium carbonate brine lithium extraction adsorbent before September 30; The filling completion time is December 20, 2022; The performance assessment will be completed on February 20, 2023.

Payment method: after the contract is signed, Tibet Summit Resources Co.Ltd(600338) will pay the advance payment to the company, and the subsequent payment Tibet Summit Resources Co.Ltd(600338) will pay the payment to the company in batches according to the progress agreed in the contract.

Effective conditions: the project contract shall come into force after being signed by the authorized representatives of both parties and stamped with the effective seals of both parties.

Responsibilities of both parties: Tibet Summit Resources Co.Ltd(600338) shall pay on schedule as agreed in the contract, and be responsible for the inspection of the company's equipment and the transportation, export customs declaration, customs clearance, installation, commissioning cooperation, acceptance and performance assessment of the contract equipment from Shanghai warehouse to the project location. The company shall complete the manufacturing, transportation and delivery of the equipment as agreed in the contract, and be responsible for the guidance, installation, commissioning, cooperation and acceptance of the contract equipment on the project site.

The above specific matters shall be subject to the contract actually signed by both parties.

2、 Impact of the project on the company

The estimated contract amount of the project is 650 million yuan, accounting for about 70.45% of the total audited operating revenue in the latest period. The performance of the contract will have a positive impact on the company's operating revenue 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 due to the performance of the contract.

The implementation of the project will become the company's first overseas salt lake lithium extraction project case in the field of salt lake lithium extraction, and will enrich the coverage of the company's adsorption lithium extraction technology in the field of salt lake lithium extraction in the South American brine after Qinghai and Tibet. The company's years of experience in overseas whole line projects and remote commissioning center will play a good technical guarantee for the implementation of the project. The implementation of the project will once again increase the large-scale industrialization cases of the company's adsorption salt lake lithium extraction technology, further improve the market position, continue to accumulate the company's project experience in the metal field, and have a positive impact on the development of the company's own resources and new energy business sector.

3、 Risk tips

1. As of the disclosure date of this announcement, the company has not signed a formal contract with Tibet Summit Resources Co.Ltd(600338) , and there are still uncertainties in the signing and execution of the contract. The specific content and amount of the project shall be subject to the final signed formal contract; 2. During the signing and performance of the above project contract, due to the characteristics of overseas projects, if the impact of unpredictable or force majeure and other factors is encountered, the contract may not be fully performed or terminated. Please make careful decisions and pay attention to preventing investment risks.

It is hereby announced.

Sunresin New Materials Co.Ltd Xi'An(300487) board of directors February 22, 2022

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