Shandong Sacred Sun Power Sources Co.Ltd(002580) plans to establish a holding subsidiary with related parties to build a cylindrical lithium battery project

Shandong Sacred Sun Power Sources Co.Ltd(002580) announced that the company plans to establish a holding subsidiary with Shandong Guohui scientific and Technological Innovation Development Co., Ltd. and Taian high tech Zone Guohui industrial investment fund partnership (limited partnership) to invest in the construction of cylindrical lithium battery project. The registered capital of the newly established project company is proposed to be 300 million yuan, of which Shandong Sacred Sun Power Sources Co.Ltd(002580) subscribed 165 million yuan, with a shareholding ratio of 55%. The design annual capacity of the cylindrical lithium battery project is 4gwh. The construction plan is divided into two phases. The design capacity of phase I is 2gwh.