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The 25th meeting of the 7th Board of Directors of Longbai Group Co.
, Ltd.
(hereinafter referred to as the "Company") and the 5th Extraordinary General Meeting of Shareholders in 2021 reviewed and approved the "About the Investment and Construction of Artificial Graphite for Lithium-ion Batteries with an Annual Output of 100,000 tons" In order to seize the development opportunities of new energy batteries, Henan China Carbon New Material Technology Co.
, Ltd.
(hereinafter referred to as "China Carbon New Materials"), a wholly-owned subsidiary of the company, plans to invest in the construction of an annual output of 100,000 tons of lithium ions Artificial graphite anode material project for batteries (hereinafter referred to as "project")
.
In February 2022, the production line of the first phase of the project (with an annual output of 25,000 tons) has entered the trial production stage
.
For details of the above details, please refer to the company's publications on China Securities Journal, Securities Times andon August 13, 2021, August 31, 2021, and February 10, 2022 respectively.
.
cn) related announcements
.
The production line of the first phase of the project (with an annual output of 25,000 tons) has passed multiple staged equipment debugging and commissioning with materials in the trial production stage
.
After the project is officially put into operation, it will help the company to form a more complete lithium battery new material industry system, and lay the foundation for the company to realize R&D and production of positive and negative electrode materials for new energy batteries; it will help the company to create new profit growth points and enrich the company's product series , to further improve the company's ability to resist risks and comprehensive competitiveness, which will have a positive impact on the company's future development
.
However, given that it will take a certain period of time for the project to go into operation and fully release its production capacity, there are certain uncertainties
.
, Ltd.
(hereinafter referred to as the "Company") and the 5th Extraordinary General Meeting of Shareholders in 2021 reviewed and approved the "About the Investment and Construction of Artificial Graphite for Lithium-ion Batteries with an Annual Output of 100,000 tons" In order to seize the development opportunities of new energy batteries, Henan China Carbon New Material Technology Co.
, Ltd.
(hereinafter referred to as "China Carbon New Materials"), a wholly-owned subsidiary of the company, plans to invest in the construction of an annual output of 100,000 tons of lithium ions Artificial graphite anode material project for batteries (hereinafter referred to as "project")
.
In February 2022, the production line of the first phase of the project (with an annual output of 25,000 tons) has entered the trial production stage
.
For details of the above details, please refer to the company's publications on China Securities Journal, Securities Times andon August 13, 2021, August 31, 2021, and February 10, 2022 respectively.
.
cn) related announcements
.
The production line of the first phase of the project (with an annual output of 25,000 tons) has passed multiple staged equipment debugging and commissioning with materials in the trial production stage
.
After the project is officially put into operation, it will help the company to form a more complete lithium battery new material industry system, and lay the foundation for the company to realize R&D and production of positive and negative electrode materials for new energy batteries; it will help the company to create new profit growth points and enrich the company's product series , to further improve the company's ability to resist risks and comprehensive competitiveness, which will have a positive impact on the company's future development
.
However, given that it will take a certain period of time for the project to go into operation and fully release its production capacity, there are certain uncertainties
.
