Yuntianhua signed a new energy battery industry chain project cooperation agreement with many parties

On February 17, Yunnan Yuntianhua Co.
, Ltd.
announced that Yuntianhua and the People's Government of Yuxi City, Yunnan Province, Yunnan Enjie New Materials Co.
, Ltd.
, Huizhou Yiwei Lithium Energy Co.
, Ltd.
, and Zhejiang Huayou Holding Group Co.
, Ltd.
On the 16th, the "New Energy Battery Whole Industry Chain Project Cooperation Agreement" was signed in Kunming, Yunnan Province
.

According to the agreement, the parties jointly set up two joint venture companies in Yuxi City, one is mainly engaged in the development of mineral resources (hereinafter referred to as the "mineral development company"), and the other is mainly engaged in the deep processing of minerals (hereinafter referred to as the "mineral processing company").
After obtaining exploration and mining rights in accordance with laws and regulations, jointly exploit mineral resources, carry out deep processing of minerals, jointly develop, produce and sell new energy batteries and new energy battery upstream and downstream materials, promote the construction of new energy battery industry chain, and promote the formation of new energy batteries in Yuxi City.
New energy battery industry chain cluster
.

The parties agreed that the shareholding structure of the Mineral Development Company and Mineral Processing Company is as follows: the Yuxi Municipal People's Government or its designated investment entity is the largest shareholder holding 23% of the shares, Enjie shares 22%, and Yuntianhua holds 17%.
, Yiwei Lithium Energy and Huayou Holdings each hold 20% and 18% of the shares
.

At the same time, the parties agreed that other partners introduced in the future can enter the joint venture company by way of shareholding, and the equity of both parties will be diluted in the same proportion
.

According to the announcement, battery supporting projects such as new energy batteries, lithium battery separators, iron phosphate and lithium iron phosphate, and copper foil projects will be built in Yuxi City
.
It is planned to invest in three phases: the first phase of the project has committed an investment of about 18.
05 billion yuan, which will be completed before December 31, 2023
.
The second phase of the project has a committed investment of about 33.
65 billion yuan and will be completed before December 31, 2025
.
The third phase of the project is planned to be completed by 2030
.
The first and second phases have a total investment of 51.
7 billion yuan, and the third phase has not yet been announced
.

Yuntianhua said that this cooperation is conducive to further exerting the advantages of the company's phosphorus chemical industry chain, enhancing the diversified and in-depth development of the company's phosphate rock resources, and accelerating the extension, transformation and upgrading of the industry chain
.