Securities code: Lihuayi Weiyuan Chemical Co.Ltd(600955) securities abbreviation: Lihuayi Weiyuan Chemical Co.Ltd(600955) Announcement No.: 2022014 Lihuayi Weiyuan Chemical Co.Ltd(600955)
Supplementary announcement on signing technology license agreement
The company and all members of the board of directors guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Lihuayi Weiyuan Chemical Co.Ltd(600955) (hereinafter referred to as “the company”) and Japan Yubu Xingchan Co., Ltd. (hereinafter referred to as “Yubu”) signed the technology license agreement of 20000 t / a high-purity dimethyl carbonate, and Yubu licensed its technology of producing high-purity dimethyl carbonate (i.e. battery grade dimethyl carbonate) through dimethyl carbonate to the company to produce high-purity dimethyl carbonate, The total license fee is 300 million yen only (i.e. 163989 million yuan, estimated at the current exchange rate). The technical agreement was published on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on February 28, 2022 And relevant media have disclosed the announcement on signing technology license agreement, and now the risk tips are supplemented:
1、 Risk tips
1. The company’s main business has not changed significantly. Its main products are phenol, acetone, bisphenol A, polycarbonate and isopropanol. It is not engaged in the production and operation of dimethyl carbonate. At present, the dimethyl carbonate plant is still under construction and will not have an impact on the current performance of the listed company.
2. The capacity of the company’s Dimethyl Carbonate project is 100000 tons / year, of which 20000 tons are used to produce battery grade dimethyl carbonate. The construction of the dimethyl carbonate project has not been completed. There is uncertainty about the time of subsequent production and production, and there is still uncertainty about whether it can reach the design capacity and quality. Battery grade dimethyl carbonate is a new plant, which has not yet started construction, and there are uncertainties in the future production time, capacity and quality. 3. According to this agreement, the products produced in the company’s devices are only sold in China, and there is a risk that the sales of battery grade products produced in the future will be limited. High end customers need a certain certification cycle for the products put into production of new devices, and there is uncertainty in the recognition of new device products.
4. The performance of this agreement takes a long time. During the implementation of this agreement, there may be uncertainty risks caused by technological changes and changes in the market environment, as well as risks caused by major changes in the external macro environment, emergencies and other force majeure factors. The company will track the progress of the project and fulfill the obligation of information disclosure in time according to the requirements of laws, regulations and normative documents. Please pay attention to investment risks.
5. The above agreement is settled in Japanese yen. The change of exchange rate is affected by many factors. The change of RMB exchange rate against Japanese yen will have a certain impact on the income and benefits generated by the contract.
It is hereby announced.
Lihuayi Weiyuan Chemical Co.Ltd(600955) board of directors February 28, 2022
