Shenzhen Dynanonic Co.,Ltd. Inks Investment Deal for Integrated Lithium Battery New Material Project Totaling Approximately 2.4 Billion Yuan

Stock News05-20

Shenzhen Dynanonic Co.,Ltd. has announced the signing of an investment agreement for its integrated lithium battery new material project. The company plans to enter into the "Shenzhen Dynanonic Co.,Ltd. Lithium Battery New Material Integrated Project Investment Agreement" with the People's Government of Zhanyi District, Qujing City. Under this agreement, the company will invest in the construction of the new "Shenzhen Dynanonic Co.,Ltd. Lithium Battery New Material Integrated Project" within the Qujing High-Tech Industrial Development Zone. The project primarily involves establishing a production line with an annual capacity of 200,000 tons for phosphate-based new materials, alongside supporting auxiliary facilities such as fire safety, environmental protection, research and development, and office spaces. The total investment for the project is estimated to be approximately 2.4 billion yuan. This external investment decision is based on the current market environment and the company's medium to long-term strategic development plan. It aims to leverage the respective resources and advantages of all parties involved, capitalize on development opportunities in the new energy vehicle power battery and energy storage markets, further expand production capacity, meet the market demands of downstream customers, enhance the company's comprehensive competitive edge, and strengthen its market position. This move aligns with the company's strategic development planning and serves the interests of all shareholders.

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