Guangdong Dowstone Technology Co.Ltd(300409) : the subsidiary plans to invest 6 billion yuan to build a carbon material R & D and production base in Lanzhou

Guangdong Dowstone Technology Co.Ltd(300409) ( Guangdong Dowstone Technology Co.Ltd(300409) ) announced on the evening of April 10 that in order to seize the opportunity of industry development and promote the realization of the company's strategic planning and business objectives, the subsidiary Foshan Griffin new energy Co., Ltd. (hereinafter referred to as "Griffin") plans to sign the carbon material project contract with the Management Committee of Lanzhou New Area, and Griffin (including but not limited to Griffin's affiliates) plans to set up a new holding subsidiary in Lanzhou New Area, Invest in the construction of an annual output of 5000 tons of carbon nanotube powder, 30000 tons of carbon nanotube slurry (including relevant industrial chain supporting), 150000 tons of silicon carbon and graphite negative electrode materials and graphitization processing and production projects.

According to the plan, the total planned investment of the project is 6 billion yuan, including 5.18 billion yuan in fixed assets. The project is divided into two phases. The first phase is planned to invest 1.895 billion yuan. It is planned to start at the end of May 2022, with a construction period of 16 months (excluding the three-month winter break); The planned construction investment of phase II is 3.285 billion yuan. It is planned to start at the end of January 2024. The planned construction period is 14 months (excluding the three-month winter break period).

The announcement said that after the completion of the project, Lanzhou base will become the most important integrated R & D and production base of carbon nanotube conductive agent in China and the integrated R & D and production base of silicon carbon cathode materials with the most advanced technology, and will greatly expand the development space of Griffin carbon materials.

According to the data, Griffin is the operation platform of Guangdong Dowstone Technology Co.Ltd(300409) carbon materials business segment. Its main products are graphene conductive agent and carbon nanotube conductive agent. It has a complete conductive agent supply chain and R & D system covering catalyst, carbon nanotube powder, high-purity powder, conductive slurry, NMP recovery and other products. The product system is of leading quality

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