Guangzhou Tinci Materials Technology Co.Ltd(002709) Guangzhou Tinci Materials Technology Co.Ltd(002709) ）
Securities code: Guangzhou Tinci Materials Technology Co.Ltd(002709) securities abbreviation: Guangzhou Tinci Materials Technology Co.Ltd(002709) Announcement No.: 2022013 Guangzhou Tinci Materials Technology Co.Ltd(002709)
Announcement on additional investment in the reconstruction and expansion project of lithium battery materials with an annual output of 150000 tons
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.
Guangzhou Tinci Materials Technology Co.Ltd(002709) (hereinafter referred to as “the company”) held the 26th meeting of the 5th board of directors and the 19th meeting of the 5th board of supervisors on March 1, 2022, deliberated and approved the proposal on additional investment in the reconstruction and expansion project of lithium battery materials with an annual output of 150000 tons, and agreed that the company would make additional investment in the reconstruction and expansion project of lithium battery materials with an annual output of 150000 tons with self raised funds, The total investment of the changed project is 332469300 yuan, including 208928000 yuan of construction investment and 123541300 yuan of initial working capital. This change does not constitute a related party transaction, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies. The specific contents are hereby announced as follows:
1、 Overview of the project before this additional investment
1. Project implementation subject:
Company name: Jiujiang Tianci high tech Material Co., Ltd
Registered address: No. 88, Jinsha South Avenue, high tech Industrial Park, Hukou County, Jiujiang City, Jiangxi Province
Legal representative: Zhao Jingwei
Registered capital: 418 million yuan
Business scope: research, manufacturing, processing, wholesale and retail of silicone materials, lithium ion battery materials, daily fine chemical products, surfactants, additives and industrial salts; N. N-dimethylpropylene diamine (5kt / a) hydrogen, lithium hexafluorophosphate (1300T / a), dimethyl carbonate (0.5kt / a), diethyl carbonate (1kt / a), vinyl carbonate (1kt / a), propylene carbonate (0.5kt / a), lithium tetrafluoroborate (0.3kt / a), electrolyte (6kt / a), liquid lithium hexafluorophosphate (6kt / a), hydrofluoric acid (2.4kt / a), potassium fluoride solution (39%, 91.4t / a), sulfuric acid (38830t / a) Sales (the safety production license is valid until August 25, 2023); Enterprise based management
Guangzhou Tinci Materials Technology Co.Ltd(002709) Guangzhou Tinci Materials Technology Co.Ltd(002709) ）
Export business of self-produced products and related technologies; Operate the import business of raw and auxiliary materials, mechanical equipment, instruments and meters, spare parts and related technologies required by the production and scientific research of the enterprise; China’s commerce and material supply and marketing industry. (in addition to the licensed business, it can independently operate projects not prohibited or restricted by laws and regulations)
Equity ratio: the company holds 100%
2. Project Name: lithium battery material reconstruction and expansion project with an annual output of 150000 tons
3. Project location: high tech Industrial Park, Hukou County, Jiujiang City, Jiangxi Province
4. Project investment: the total investment of the project is 99.217 million yuan, of which the project construction investment is 99.217 million yuan. 5. Project construction period: 6 months
6. Project construction content:
No. the proportion of project investment (10000 yuan) in the total investment
1. Construction investment 992170 100.00%
1.1 construction 450.00 4.54%
1.2 other expenses of project construction 131000 13.20%
1.3 equipment cost 602770 60.75%
1.4 installation cost 148190 14.94%
1.5 project reserve cost 652.10 6.57%
2. Initial working capital 0.00%
3. Total investment 992170 100.00%
7. Source of funds: self raised funds of the company
2、 Implementation of the project before additional investment
This project is a reconstruction and expansion project of the company’s non-public offering and investment project with an annual output of 150000 tons of lithium battery materials in 2020. After the construction of this reconstruction and expansion project is completed, a new device with an annual output of 90000 tons of liquid lithium hexafluorophosphate will be added. As of the date of this announcement, the civil engineering and equipment procurement of the reconstruction and expansion project have come to an end, entered the stage of installation engineering, and is expected to be completed on June 30, 2022.
3、 Reasons for additional investment in this project
The reconstruction and expansion project aims to cope with the continuous increase of downstream demand in the future. During the implementation of the project, due to the sharp rise in the price of some building materials and considering the improvement of logistics and transportation, safety and environmental protection requirements caused by the expansion of project capacity, the company plans to upgrade the process technology and safety and environmental protection equipment of the project. Therefore, it is necessary to
Guangzhou Tinci Materials Technology Co.Ltd(002709) Guangzhou Tinci Materials Technology Co.Ltd(002709) ）
Additional investment in the project. At the same time, the setting of initial funds was not considered when the original project was approved, and the additional investment will be increased at the same time.
4、 Main contents of additional investment in this project
(I) project investment amount
Before change:
The total investment of the project is 99.217 million yuan, of which the project construction investment is 99.217 million yuan and the initial working capital is 0 million yuan.
After change:
The total investment of the project is 332469300 yuan, including 208928000 yuan of project construction investment and 1235413 million yuan of initial working capital.
The details are as follows:
No. the proportion of project investment (10000 yuan) in the total investment
1. Construction investment 2089280 62.84%
1.1 construction works 678.20 2.04%
1.2 other expenses of project construction 171000 5.14%
1.3 equipment cost 1468600 44.17%
1.4 installation cost 256650 7.72%
1.5 project reserve cost 125210 3.77%
2 initial working capital 1235413 37.16%
3. Total investment 3324693 100.00%
Main reasons for change:
1. The equipment cost increased from 60.277 million yuan to 146.86 million yuan, mainly as follows: a. the price of building materials and equipment materials increased significantly compared with the original estimate; B. Add some safety and environmental protection equipment and storage facilities.
In addition to the above changes, the construction content of the project and the source of funds have not changed.
5、 Impact of additional investment in this project on the company
The additional investment in this project is a prudent decision made based on the actual situation and external environmental factors in the implementation of the company’s project, which is in line with the company’s development strategy and long-term plan, and there is no situation that damages the interests of shareholders.
Guangzhou Tinci Materials Technology Co.Ltd(002709) Guangzhou Tinci Materials Technology Co.Ltd(002709) ）
The lithium hexafluorophosphate device of this technical transformation is one of the main raw materials of the company’s electrolyte products in the future. After the technical transformation is completed, it will provide raw material guarantee for the continuous and large-scale production of the company’s electrolyte products in the future and lay a solid foundation for the company to continue to improve its market share in the future.
Documents for future reference:
1. Resolution of the 26th meeting of Guangzhou Tinci Materials Technology Co.Ltd(002709) the 5th board of directors; 2. Resolution of the 19th meeting of Guangzhou Tinci Materials Technology Co.Ltd(002709) the 5th board of supervisors. It is hereby announced.
Guangzhou Tinci Materials Technology Co.Ltd(002709) board of directors March 3, 2022
