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Longbai Group: The investment contract signed by the company and the Nanzhang County Government is a framework contract of the willingness of both parties to cooperate

 Last Update: 2022-02-17
 Source: Internet
 Author: User

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specific capacity

urea production

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On January 9, an investor asked Longbai Group (002601), and on July 25, 2021, the company announced that Henan Baili New Energy Materials Co.
, Ltd.
and Hubei Wanrun New Energy established a joint venture to build 100,000 tons of iron phosphate Production line (Announcement No.
2021-103), on December 1, 2021, it was announced that the company signed an investment contract with the Nanzhang County Government.
The planned production capacity of the lithium iron phosphate project of Hubei Baili Wanrun New Energy Co.
, Ltd.
: 2021-170), what is the reason for the inconsistency of production capacity in the announcements before and after Hubei Baili Wanrun New Energy Co.
, Ltd.
? Has the project been filed with the local Development and Reform Commission (Bureau)? Thanks!

The company replied, "Hello! The investment contract signed by the company and the Nanzhang County Government is a framework contract of the willingness of both parties to cooperate.
The specific matters will be further clarified by signing a formal contract and performing the necessary approval procedures
.
At present, the project is in the stage of joint venture establishment and preliminary preparation
.
Thanks!

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