Securities code: Ningbo Ronbay New Energy Technology Co.Ltd(688005) securities abbreviation: Ningbo Ronbay New Energy Technology Co.Ltd(688005) Announcement No.: 2022007 Ningbo Ronbay New Energy Technology Co.Ltd(688005)
About signing with Xiantao Municipal People's government, Wuhan Hanyang District People's government, Changjiang Industrial Investment Fund Management Co., Ltd
Announcement of the new integration package cooperation agreement
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:
Ningbo Ronbay New Energy Technology Co.Ltd(688005) (hereinafter referred to as " Ningbo Ronbay New Energy Technology Co.Ltd(688005) " and "the company") based on the "new integration" strategy, recently signed a contract cooperation agreement with Beijing rongbai Investment Holding Co., Ltd., Xiantao Municipal People's government, Wuhan Hanyang District People's government and Changjiang Industrial Investment Fund Management Co., Ltd. The signing of this package agreement is the full implementation of the new integration strategy, integrating advantageous resources such as regional manufacturing advantages, talent advantages and capital advantages to the greatest extent, so as to create systematic competitiveness.
During the performance of the agreement, there are risks of modification and termination of the agreement due to the failure to reach an agreement on business terms and policy changes. The project involves project initiation, environmental protection, planning, construction and other related matters, which need to be approved by relevant competent departments.
The construction of relevant projects in the agreement is invested by stages and the period is long. During the construction process, there are uncertain factors such as downstream market demand adjustment and macroeconomic changes, and the specific implementation content and progress of the project are uncertain. It is not expected to have a significant impact on the company's operating performance in the short term.
The investment scale in the agreement is the estimated value and does not represent the actual investment. The company plans to use self raised funds for project investment, and there are risks such as differences in investment estimates. 1、 Basic information on the signing of the new integration package cooperation agreement
Based on the "new integration" strategy, the company recently signed a package of cooperation agreements with Beijing rongbai Investment Holding Co., Ltd. (collectively referred to as "rongbai group") and Xiantao Municipal People's government, Wuhan Hanyang District People's government and Changjiang Industrial Investment Fund Management Co., Ltd. The details are as follows:
(I) signing of cooperation agreement with Xiantao Municipal People's Government
The announcement on the implementation of the strategic cooperation agreement between Bairong group and Xianrong people's government recently (see the announcement on the implementation of the strategic investment framework of Bairong Group Co., Ltd. signed by the people's Government of Beijing and the people's Government of Xianrong for details) The partnership agreement of Xiantao rongchuang No. 1 new energy partnership (limited partnership), the partnership agreement of rongbai battery triangle No. 1 equity investment fund partnership (limited partnership) (hereinafter referred to as "industrial investment fund"), the project investment agreement of Xiantao rongbai new energy engineering equipment company and the investment agreement of rongbai College. The main contents are as follows:
First, build a lithium battery cathode material manufacturing base with an annual capacity of 400000 tons in Xiantao, which will be completed in three phases. Phase I (annual capacity of 100000 tons) is planned to be completed by the end of June 2023, phase II (annual capacity of 100000 tons) is planned to be completed by 2025, and phase III (annual capacity of 200000 tons) is planned to be completed by 2030.
Second, set up Xiantao rongchuang No. 1 new energy partnership (limited partnership) to match the construction of phase I project with an annual capacity of 100000 tons. Xiantao rongchuang No. 1 new energy partnership has a scale of 1.6 billion yuan, including 814 million yuan invested by the company and 784 million yuan invested by the investment platform high tech Industry Investment Co., Ltd. designated by Xiantao Municipal People's government. The construction funds for phase II and phase III projects will be separately agreed by rongbai group and Xiantao Municipal People's government.
Third, invest in Xiantao rongbai new energy engineering equipment company project (hereinafter referred to as "engineering equipment project") in Xiantao, which mainly produces and operates the R & D, design, production, sales and service of new energy equipment and supporting core components.
Fourth, invest in the construction of rongbai college project in Xiantao City, and plan to engage in relevant industrial training and external consulting services after the completion of the project.
Fifth, the establishment of industrial investment funds. For details, see the announcement on participating in the establishment of equity investment funds and related party transactions disclosed by the company (Announcement No.: 2022008)
The above agreement shall come into force upon signature and seal of both parties.
(II) signing of strategic cooperation agreement with Hanyang District People's Government of Wuhan
Rongbai group and Hanyang District People's Government of Wuhan signed the strategic cooperation agreement between Hanyang District People's Government of Wuhan and rongbai group, the main contents of which are as follows:
The people's Government of Hanyang District, Wuhan City, Hubei Province is Party A, and the company and Beijing rongbai Investment Holding Co., Ltd. (collectively referred to as "rongbai group") are Party B.
The parties involved in the agreement plan to select the project land in Hanyang District, Wuhan, and set up the company's central China regional headquarters and new energy technology research institute; The company will set up a fund management company and industrial investment fund in Hanyang District, Wuhan, focusing on the upstream and downstream projects of new energy and new materials related industries.
Beijing rongbai Investment Holding Co., Ltd. holds 41.09% of the partnership share of Shanghai rongbai new energy investment enterprise (limited partnership), the controlling shareholder of the company, which is controlled by Bai Houshan, the indirect controlling party and actual controller of the company. This Agreement shall come into force after being signed and sealed by the legal representatives or authorized representatives of both parties and shall be valid for 1 year.
(III) sign strategic cooperation agreement with Changjiang Industrial Investment Fund Management Co., Ltd
Rongbai group and Changjiang Industrial Investment Fund Management Co., Ltd. signed the strategic cooperation agreement between Changjiang Industrial Investment Fund Management Co., Ltd. and rongbai group. The main contents are as follows:
Changjiang Industrial Investment Fund Management Co., Ltd. is Party A, and the company and rongbai group are Party B. The parties involved in the agreement plan and cooperate to promote the investment layout of rongbai group in Hubei Province, including a series of projects such as landing in Central China regional headquarters, the world's largest cathode material base and engineering equipment company, so as to create a new business form and new business model of the new energy battery material industry chain.
This Agreement shall come into force from the date of signing and sealing by both parties and shall be valid for a long time. If either party wants to terminate this agreement, it shall notify the other party in writing (agreement, letter, fax, e-mail, etc.). If the other party fails to raise a written objection within 60 days (inclusive) after receiving the notice, this agreement will automatically become invalid after 60 days from the date of receiving the notice. 2、 Review and decision-making procedures and review conditions performed after signing the agreement
The partnership agreement of rongbai battery triangle No. 1 equity investment fund partnership (limited partnership) was submitted to the board of directors of the company for deliberation and approval on March 28. The signing of other agreements involved in the new integration is within the approval authority of the general manager and does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation. When signing specific agreements subsequently, the company will perform corresponding deliberation and decision-making procedures. 3、 Impact on Listed Companies
1. The signing of this package agreement is the full implementation of the new integration strategy, which integrates advantageous resources in all aspects such as regional manufacturing advantages, talent advantages and capital advantages to the greatest extent, creates systematic competitiveness, and is conducive to improving the company's operating ability and performance level in the medium and long term.
2. The 100000 ton project of phase I of Xiantao cathode material production base was signed and officially started recently. Xiantao base will become one of the important production bases of the company in the next few years, with a long-term capacity planning of 400000 tons to fully meet the needs of downstream strategic customers. The comprehensive advantages of the new base in product technology, engineering equipment, green power consumption and low cost will maintain the company's leading position and competitiveness in the industry.
3. The company will set up central China regional headquarters and new energy technology research institute in Wuhan to form the agglomeration effect of radiating Ezhou base and Xiantao base with Wuhan as the core, and enhance the company's competitiveness in the commercialization of new products and technologies by strengthening scientific research and innovation investment and talent team construction.
4. The combination of industry and finance is one of the core competitiveness of the company. The establishment of industrial investment fund this time is based on industrial investment and coordinated development with the main business of listed companies. The company will concentrate its advantageous resources, invest in the upstream and downstream industries of lithium cathode materials, take the green and low-cost development of cathode material manufacturing electricity as a breakthrough, invest in new energy technology and equipment system, as well as new energy service industry, and create an open and organic industrial chain ecosystem. 4、 Relevant risk tips
1. Among the agreements, the strategic cooperation agreement between Wuhan Hanyang District People's government and rongbai group and the strategic cooperation agreement between Changjiang Industrial Investment Fund Management Co., Ltd. and rongbai group are strategic cooperation agreements, which are still uncertain. The specific cooperation procedures involved in the formal performance of this Agreement shall be separately approved by both parties.
2. For the agreements with Xiantao cathode production base and supporting facilities: the investment agreement of Xiantao cathode material production base of rongbai group, the partnership agreement of Xiantao rongchuang No. 1 new energy partnership (limited partnership), the project investment agreement of Xiantao rongbai New Energy Engineering Equipment Co., Ltd. and the investment agreement of rongbai College, there are risks of modification and termination of the agreement due to policy changes in the performance process. The project involves project initiation, environmental protection, planning, construction and other related matters, which need to be approved by relevant competent departments, and the construction of relevant projects in the agreement is invested by stages and the period is long. During the construction process, there are uncertain factors such as downstream market demand adjustment and macroeconomic changes, and the specific implementation content and progress of the project are uncertain. It is not expected to have a significant impact on the company's operating performance in the short term.
3. For the strategic cooperation agreement between Wuhan Hanyang District People's government and rongbai group: this agreement is a strategic cooperation agreement. During the performance of the agreement, there are risks of modification and termination of the agreement due to failure to reach an agreement on business terms, policy changes and other factors. The project involves project initiation, environmental protection, planning, construction, etc
4. For the partnership agreement of rongbai battery triangle No. 1 equity investment fund partnership (limited partnership): the investment process will be affected by many factors such as economic environment, industry cycle, project management and transaction implementation, and there may be certain investment risks, including but not limited to: (1) the risk of failing to find an appropriate investment target; (2) The risk that the target enterprise cannot achieve the expected benefits after investment due to wrong decision-making or major changes in the industry environment; (3) Legal and policy risks, the risk of force majeure, technical risks, operational risks and other risks.
5. For the strategic cooperation agreement between Changjiang Industrial Investment Fund Management Co., Ltd. and rongbai group: this agreement is a strategic cooperation agreement. During the performance of the agreement, there are risks of modification and termination of the agreement due to failure to reach an agreement on business terms, policy changes and other factors.
6. The investment scale in the agreement is the estimated value and does not represent the actual investment. The company plans to use self raised funds for project investment, and there are risks such as differences in investment estimates.
7. The company will perform the obligation of information disclosure in a timely manner in accordance with relevant laws and regulations. Please pay attention to the investment risks.
It is hereby announced.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) board of directors March 30, 2022
