Home » GEM plans to invest 1.8 billion yuan to build a lithium battery raw material recycling project, the actual controller reduces 1.48% of the shares to repay the loan

GEM plans to invest 1.8 billion yuan to build a lithium battery raw material recycling project, the actual controller reduces 1.48% of the shares to repay the loan

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Original title: GEM plans to invest 1.8 billion yuan to build a lithium battery raw material recycling project, the actual controller reduces 1.48% of the shares to repay the loan


On the evening of June 6,Grammy(002340) Releaseannouncement, A wholly-owned subsidiary of the companyGrammy(Jiangsu) plans to invest 1.8 billion yuan to build a lithium battery raw material recycling project; at the same time, another subsidiary companyGrammy(Wuxi) Signed a capital cooperation agreement with Wuxi Airport Economic Development Zone for the Wuxi Power Battery Low-Carbon Cycle Project.In addition, GEM HoldingsshareholderAnd those acting in concert and actual controllers intend to reduce their holdings in total not more than 1.48% of the company’s shares.

  InvestmentRecycling of scrap battery raw materialsproject

Recently, GEM (Jiangsu) and the Management Committee of Taixing Economic Development Zone in Jiangsu Province signed the “Investment Agreement on Circular Economy Industrial Projects of New Energy Materials and Supporting Raw Materials.”

According to the agreement, GEM (Jiangsu) intends to use its existing land at No. 8 Binjiang North Road, Taixing Economic Development Zone, Jiangsu Province, with an investment of 1.8 billion yuan, led by scrap battery raw materials, and adopting a circular economy model to form an annual output of 30,000 tons. Multi-element precursors for lithium batteries, 10,000 tons of high-performance cobalt tetroxide, an annual output of 25,000 tons of high-purity nickel cobalt manganese raw materials and 3,000 tons of lithium phosphate raw materials, by-products of 50,000 tons of anhydrous sodium sulfate, and upgrade the park’s green, safe, and Innovative and intelligent manufacturing level, to build a research and development platform for the Jiangsu Province National Engineering Research Center for the Recycling of Raw Materials of Nickel Cobalt Manganese Lithium Lithium Battery and Green Manufacturing of Cobalt Products. The company plans to start construction of the project in June 2021. It is expected to complete the construction of the multi-precursor project for 30,000 tons of lithium batteries by June 2022, and complete all project construction in December 2023.

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GEM stated that the signing of the investment agreement this time will not only implement the expansion of the company’s precursor material production capacity to 200,000 tons per year, but also expand the company’s total production capacity of cobalt tetroxide to more than 30,000 tons per year, so as to meet the capacity needs of market growth in 2022. The company needs medium and long-term production capacity, and added 25,000 tons of high-purity nickel, cobalt and manganese raw materials and 3,000 tons of lithium phosphate raw materials, making it the second largest nickel, cobalt and manganese chemical raw material manufacturing base after the company’s Jingmen Park. The production capacity of 3,000 tons of lithium phosphate raw materials will effectively guarantee the company’s precursor production capacity release required nickel, cobalt and manganese raw materials, and effectively stabilize the company’s overall ternary precursorinterest rate

  Signed the capital cooperation for the low-carbon cycle project of power battery

On June 6, GEM (Wuxi) held a groundbreaking ceremony for the park construction in Wuxi. According to reports, GEM (Wuxi) and Wuxi Airport Economic Development Zone and Wuxi New District Science and Technology Finance Venture Capital Group Co., Ltd. have signed a capital cooperation agreement based on the principle of reciprocity for the GEM power battery low-carbon cycle project. Wuxi Airport Economic Development Zone and Wuxi New District Technology Finance Venture Capital Group Co., Ltd. will participate in the capital investment of the company’s Wuxi power battery recycling project, and the specific investment amount and equity ratio will be separately negotiated.

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GEM stated that all parties will use their respective advantages and strengths to jointly build the company’s Wuxi New Energy Circular Economy Low-Carbon Demonstration Park, and build a “power battery recycling—new energy vehicle recycling—cascade utilization of power batteries—cascade utilization of auto parts—new energy. The new energy full life cycle low-carbon industry model of “material remanufacturing” promotes the development of new energy vehicles from “green to green”.

GEM stated that this time it signed a capital cooperation agreement with Wuxi Airport Economic Development Zone and Wuxi New District Technology Finance Venture Capital Group Co., Ltd. for the GEM Power Battery Low-Carbon Recycling Project, which is an annual recycling and processing of 100,000 new energy vehicles and annual recycling and recycling. The implementation of the project of manufacturing 100,000 tons of power batteries is an important measure to promote the “carbon peak and carbon neutral” strategy, which is conducive to further promoting the company’s geographical expansion of new energy vehicle recycling and power batteries based on the advantages of Wuxi’s surrounding new energy market. The scale of manufacturing is to build a globally competitive green recycling base for power batteries and new energy vehicles in the Yangtze River Delta to fully meet the huge demand for green recycling of power batteries and new energy vehicles in the Yangtze River Delta’s new energy vehicle obsolescence period.

In addition to the cooperation projects carried out by affiliated companies, GEM also disclosed the actual controller’s shareholding reduction plan.The controlling shareholder of GEM, Shenzhen Huifengyuan Investment Co., Ltd. and the persons acting in concert, Fengcheng Xinyuanxing New Materials Co., Ltd., and the actual controllers Xu Kaihua and Wang Min plan to pass a centralized bidding orbig dealThe way to reduce holdings does not exceed 1.4763% of the total company shares held by them.The company explained that the move was to repayPledgeLoans, lower the pledge rate, and effectively cooperate to promote the improvement of the governance quality of listed companies. It is understood that the reduction of shares through centralized bidding will be carried out within 6 months after 15 trading days from the date of the announcement.

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In addition, GEM stated that the company recently received the “Notification Letter of Share Reduction Plan” issued by some supervisors and senior managers. It plans to adopt a centralized bidding method within 6 months after 15 trading days from the announcement date. Reduce holdings of shares not exceeding 25% of the total number of company shares held by them.

(Source: Securities Times·e Company)

(Editor in charge: DF062)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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