Securities code: 002601 securities abbreviation: Lb Group Co.Ltd(002601) Announcement No.: 2022-008 Lb Group Co.Ltd(002601)
Announcement on investment and construction of 150000 tons of electronic grade lithium iron phosphate project
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.
Lb Group Co.Ltd(002601) (hereinafter referred to as “the company”), at the 31st meeting of the 7th board of directors of the company held on January 17, 2022, the proposal on investment and construction of 150000 T / a electronic grade lithium iron phosphate project was deliberated and adopted. In order to seize the development opportunity of new energy lithium iron phosphate battery, Hubei Baili Wanrun new energy Co., Ltd., the holding subsidiary of the company, plans to invest in the construction of an electronic grade lithium iron phosphate project with an annual output of 150000 tons.
According to the Listing Rules of Shenzhen Stock Exchange and the articles of association, the above foreign investment matters shall be submitted to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation.
This foreign investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the measures for the administration of major asset reorganization of listed companies.
1、 Basic information of the project
1. Project Name: 150000t / a electronic grade lithium iron phosphate project
2. Construction site: Chengnan Industrial Park, Nanzhang County
3. Construction scale and content of the project: build a system unit with an annual output of 150000 tons of lithium iron phosphate and 150000 tons of iron phosphate, and support the construction of public power and auxiliary facilities
4. Total investment: 2 million yuan
5. Source of funds: self owned and self raised funds
7. Project filing: the project has been filed in Nanzhang county development and Reform Bureau (project code: 2108-420624-04-01-962160)
2、 Main body of project implementation
1. Company name: Hubei bailiwanrun new energy Co., Ltd
2. Unified social credit Code: 91420624ma4f1qkj7a
3. Registered capital: RMB 100 million
4. Legal representative: Jin Sanliang
5. Registered address: room 103, floor 1, building 15, Chengnan Industrial Park (longmang titanium industry), Chengguan Town, Nanzhang County, Xiangyang City, Hubei Province
6. Business scope: licensed items: import and export of goods; Technology import and export (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments) general items: manufacturing of special electronic materials; Sales of electronic special materials; Research and development of special electronic materials; Manufacturing of electronic components; China cargo transportation agency; Sewage treatment and recycling (except for the licensed business, it can independently operate projects not prohibited or restricted by laws and regulations) III. necessity and feasibility of project construction
With the intensification of world environmental problems, China has accelerated its transformation to a clean, energy-saving and low-carbon society. Strategic emerging industries represent the direction of a new round of scientific and technological revolution and industrial reform. They are the key areas to cultivate new driving forces for development and obtain new competitive advantages in the future. At present, China’s strategic emerging industries such as energy conservation and environmental protection, new generation information technology, biology, high-end equipment manufacturing, new energy, new materials and new energy vehicles are developing rapidly.
As a key cross industry among the three major industries of new energy, new materials and new energy vehicles, the demand side of lithium-ion batteries is gradually expanding. The cathode material of lithium-ion battery is the key and bottleneck material of lithium-ion battery. Its cost and performance basically determine the cost and performance of lithium-ion battery. Lithium iron phosphate has potential advantages in cycle life and material cost that other cathode materials do not have, and is generally favored by the industry, representing the future development direction of power battery cathode materials.
4、 Purpose of the project investment and its impact on the company
The project will make use of the company’s titanium dioxide by-products and combined with the company’s experience in powder material R & D and production, continue to implement the two basic requirements of “large chemical industry” and “low cost” in industrialization, prepare high value-added iron phosphate materials and further produce lithium iron phosphate, which is conducive to the formation of a more complete industrial system, Actively promote the company’s integration into the production and manufacturing supply chain of new energy materials and enhance the company’s comprehensive competitiveness.
5、 Investment risk of the project
The project investment may face major changes in industrial policies, failure to meet market expectations, internal control and other risk factors in the actual operation process. The company will establish a sound internal control process and effective supervision mechanism, optimize the overall resource allocation of the company, clarify the business strategy and market positioning, and prevent and respond to various risks.
6、 Documents for future reference
1. Resolutions of the 31st meeting of the 7th board of directors of the company;
2. Resolution of the 31st meeting of the 7th board of supervisors of the company. It is hereby announced.
Lb Group Co.Ltd(002601) board of directors
January 17, 2022
