Securities code: Beijing Easpring Material Technology Co.Ltd(300073) securities abbreviation: Beijing Easpring Material Technology Co.Ltd(300073) Announcement No.: 2022024 Beijing Easpring Material Technology Co.Ltd(300073)
Announcement on signing strategic cooperation agreement with Lishen battery
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.
Special tips:
1. The strategic cooperation agreement signed this time is the preliminary cooperation agreement of both parties, and the specific cooperation content shall be subject to the specific contract signed by both parties later.
2. If this agreement is fully implemented, the sales volume of the company’s Chinese products will increase significantly, which is expected to have a positive impact on the company’s operating performance from 2022 to 2028.
3. The company does not have the situation that the strategic agreement disclosed in the last three years has made no progress or the progress has not reached the expectation. The signing of this strategic cooperation agreement 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, and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
1、 Overview of agreement signing
On April 22, 2022, Beijing Easpring Material Technology Co.Ltd(300073) (hereinafter referred to as ” Beijing Easpring Material Technology Co.Ltd(300073) ” or “the company”) and Tianjin Lishen Battery Co., Ltd. (hereinafter referred to as “Lishen battery”) signed a strategic cooperation agreement (20222028) (hereinafter referred to as “the agreement” or “the agreement”) in Beijing. Based on the principles of mutual benefit, resource sharing, win-win cooperation and common development, the two sides decided to establish an all-round and multi-level strategic partnership in the supply of lithium cathode materials, new product development and cutting-edge technical cooperation, lithium-ion battery resource recovery, upstream resource development and global capacity layout through friendly negotiation. This agreement is a strategic cooperation agreement between both parties and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation. With regard to the follow-up matters involved in this agreement, the company will timely perform the obligation of information disclosure in accordance with the relevant provisions of laws and regulations such as the Listing Rules of gem shares of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of GEM listed companies.
2、 Introduction to counterparty
1. Basic information
Company name: Tianjin Lishen Battery Co., Ltd
Date of establishment: December 25, 1997
Legal representative: Zhang Qiang
Registered capital: 17 Shenzhen Bsc Technology Co.Ltd(300951) 00 yuan
Main business: general items: battery manufacturing; Battery sales; Battery rental; Manufacturing of electronic components; Research and development of special electronic materials; Manufacturing of special electronic materials; Sales of electronic special materials; Research and development of new material technology; Sales of electronic components and electromechanical components and equipment; Engineering and technical research and test development; Contract energy management; Wholesale of auto parts; Retail of auto parts; Research and development of resource recycling technology; Recycling of waste power batteries of new energy vehicles (excluding hazardous waste operation); Manufacturing of special equipment for environmental protection; Sales of new energy vehicles; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Sales of electrical and mechanical equipment; Non residential real estate leasing; Mechanical equipment leasing; Housing lease; Engineering technical services (except planning management, survey, design and supervision); Business agency services; estate management; Renewable resources processing. (except for the items that must be approved according to law, the business activities shall be carried out independently according to law with the business license) licensed items: import and export of goods; Construction engineering design; Hazardous waste management. (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments) (the final description shall be subject to the specific requirements of the market supervision and administration department for changes).
Registered address: No. 38, Haitai South Road, Binhai high tech Industrial Park, Tianjin
Lishen battery has no relationship with the company and its controlling shareholders, actual controllers, directors, supervisors and senior managers in terms of property rights, business, assets, creditor’s rights and debts, personnel, etc.
2. Similar transactions
Lishen battery is a long-term partner of the company. In recent years, the company has maintained cooperation with Lishen battery in the supply and marketing of lithium battery cathode materials.
3. Performance capability analysis
Lishen battery is a leading lithium-ion battery R & D and manufacturing enterprise in China. It has 24 years of experience in lithium-ion battery R & D and manufacturing. Its products include cylindrical, square, power and polymer batteries and supercapacitors. Its products are widely used in power vehicles, consumer electronics and energy storage. Lishen battery is in good credit condition and has good performance ability. It is not a dishonest executee.
3、 Main contents of the agreement
1. Signing subject
Party A: Tianjin Lishen Battery Co., Ltd
Party B: Beijing Easpring Material Technology Co.Ltd(300073)
2. Cooperation content
(1) Product supply cooperation
Party A regards party B as the preferred supplier of lithium cathode materials, and Party B regards party A as the preferred customer of lithium cathode materials. During the term of this agreement, Party A shall give priority to purchasing lithium battery cathode materials from Party B under the same conditions, and Party B shall give priority to ensuring the supply of lithium battery cathode materials to Party A under the same conditions, so as to achieve the purpose of win-win cooperation between the two sides.
Since the validity of this agreement, Party A promises to purchase no less than 100000 tons of lithium battery cathode materials from Party B, which shall be subject to the annual purchase contract.
The sales unit price shall be determined by both parties through negotiation and settled in accordance with the terms agreed by both parties. Under the same conditions, Party B guarantees that the price of products supplied to Party A is sufficiently competitive with that of similar products in the same industry.
(2) New product development and cutting-edge technical cooperation
Both sides agreed to strengthen cooperation in the development of battery supporting facilities for global power vehicles. Party A shall give priority to Party B’s products for the supporting development of new power batteries and new battery projects in other fields.
Both sides agreed to strengthen cooperation in lithium battery cutting-edge technology fields such as ultra-high nickel cathode material, lithium ferromanganese phosphate cathode material, high-capacity lithium rich manganese based cathode material, solid-state lithium-ion battery and its key materials, sodium ion battery and its key materials, conduct regular technical exchanges, clarify the future material and battery development plan, and form technical reserves for the iteration of next-generation battery products.
(3) Lithium ion battery resource recovery cooperation
The two sides seek to form a cooperation mechanism in the recycling of lithium-ion batteries and jointly build a circular economy system of lithium battery resources.
(4) Upstream resource cooperation
Both parties agree to realize information sharing in the upstream raw material market and strengthen their cooperation in the field of global upstream resources of lithium cathode materials such as nickel, lithium, cobalt and phosphorus, including but not limited to the joint procurement of upstream raw materials of lithium cathode materials such as nickel, lithium, cobalt and phosphorus. The specific cooperation mode will be determined by both parties through negotiation according to the specific project situation. (5) Global capacity layout coordination
Both parties agree that in order to further consolidate the procurement and sales cooperation relationship between both parties, the investment and cooperation of cathode material production capacity (including but not limited to nickel cobalt lithium manganate and lithium iron phosphate projects) will be discussed globally according to the development needs, and the specific cooperation mode will be discussed separately by both parties.
3. Agreement signing time
April 22, 2022
4. Effective date and performance date of the agreement
This Agreement shall come into force after being signed by the legal representatives or authorized representatives of both parties and stamped with the official seal of the company, and shall be valid from April 22, 2022 to December 31, 2028. Upon the expiration of the cooperation period, both parties shall decide whether to renew the agreement according to the cooperation situation.
5. Other terms
(1) This agreement is a guiding document for long-term cooperation between both parties. The specific cooperation content and amount of both parties shall be subject to the specific contract signed by both parties.
(2) All parties will resolve all disputes in cooperation based on the principles of friendly consultation, mutual understanding and mutual accommodation. Problems not mentioned in this Agreement shall be determined and solved through specific terms of the cooperation agreement.
4、 Impact of the agreement on Listed Companies
As a lithium battery cathode material enterprise focusing on the global high-end market, the company’s overseas market share has long been in the forefront of the industry, and its products are sold in large quantities to Japan, South Korea, Europe, the United States and other countries and regions. This time, the company has established a strategic cooperation relationship with Lishen battery and carried out all-round cooperation in product sales, new technology cooperation, resource layout and other fields, which is conducive to further expanding the product sales in the Chinese market and increasing the market share in China on the basis of consolidating the traditional advantages in the overseas market. At the same time, it is conducive to the full release of the company’s subsequent new production capacity and further consolidating the company’s advantageous position in the global market, In line with the long-term development interests of the company.
The performance of this agreement will have a positive impact on the operating results of the company in 2022 and subsequent years.
5、 Risk tips
The strategic cooperation agreement (20222028) signed this time is a framework agreement. The specific cooperation content, product type, quantity and amount of both parties will be agreed in the subsequent specific contracts signed by both parties. In case of macroeconomic fluctuations, changes in industrial policies, adjustment of demand forecast, force majeure and other factors during the performance of the agreement, there may be a risk that the agreement can not be performed on schedule or in full. Please make careful decisions and pay attention to investment risks.
6、 Other relevant instructions
1. Signing of strategic agreements in recent three years
Announcement name and progress of disclosure date
The company signed a strategic cooperation agreement with Beijing Weilan New Energy Technology Co., Ltd. on signing a strategic cooperation agreement with Weilan new energy
In December 2021, it was agreed that the two sides would enter into a public agreement on the supply of solid-state lithium battery materials, technology development and strategic cooperation agreement
On July 7, it was reported that a multi-level and all-round strategic partnership was established in terms of capacity layout
Relationship. At present, the agreement is in normal performance.
The company and Zhejiang Huayou Cobalt Co.Ltd(603799) signed a strategic cooperation agreement. On November 2021, the company and Zhejiang Huayou Cobalt Co.Ltd(603799) signed an agreement and agreed to establish long-term close cooperation in the fields of upstream nickel and cobalt resource development, precursor technology development, strategic cooperation agreement and precursor product supply and marketing on June 30. At present, the agreement is in normal performance.
The company signed strategic cooperation framework agreement with Cngr Advanced Material Co.Ltd(300919) on signing strategic cooperation framework agreement with Cngr Advanced Material Co.Ltd(300919)
In November 2021, the two sides agreed on the framework agreement on nickel resource development, lithium iron phosphate industry investment and environmental strategic cooperation
On June 30, the announcement was made in terms of external capacity layout cooperation, product supply and marketing cooperation and product development
Cooperation. At present, the agreement is in normal performance.
The company signed a strategic cooperation agreement with SK, and both parties agreed that SK (or its affiliated companies and investors) would invest in SK with an equity ratio of no more than 30%
The announcement on the establishment of a cooperation agreement between the two sides in South Korea on May 15
If necessary, establish a joint venture in China to cooperate in the development of cathode material business. At present, the agreement is in normal performance.
The company and Finnish mining group and its subsidiary Finnish battery Chemicals Co., Ltd
The company signed an agreement and agreed that the three parties will set up their subsidiary Finnish battery in Finland in the form of joint capital contribution. November 2021
Establishment of a joint venture company responsible for the construction and operation of Beijing Easpring Material Technology Co.Ltd(300073) European new materials and Chemicals Co., Ltd. signed on August 8
Industrial base. The first phase of the planned construction of the project has an annual output of 100000 tons of high nickel power lithium investment letter of intent
Cathode material production base. At present, the agreement is in normal performance.
The company signed an agreement with Pt halamahera persadalygen, a subsidiary of Ningbo Liqin resources, and agreed to supply the opposite company with a cumulative supply of no less than 43200 tons (metal quantity) within 8 years from 2021. It is about to sign a strategic procurement agreement in February 2021
And no more than 149040 tons (metal quantity) of nickel raw materials; Cumulative announcement of supply negotiation for 4 days
Not less than 5400 tons (metal gauge) and not more than 18312 tons (metal gauge) of cobalt
