Songdu Co., Ltd.: Subsidiary Songdu Lithium Technology participated in the lithium extraction project of 50,000 tons of lithium carbonate salt lake on Mount Everest in Tibet with 1.6 billion yuan_Oriental Fortune Network

March 13,Songdu sharesreleaseannouncementAccording to the company’s holding subsidiary, Zhejiang Songdu Lithium Technology Co., Ltd. (hereinafter referred to as “Songdu Lithium Technology“), and Tusqingyuan (Shanghai) New Material Technology Co., Ltd. (hereinafter referred to as “Tusqingyuan”) signed the “Consortium”. Agreement to form a consortium and participate togetherMount Everest in TibetResources Co., Ltd. (hereinafter referred to as “”Mount Everest in Tibet“) Implementation of “Argentina Lithium Potassium Co., Ltd. with an annual output of 50,000 tons of lithium carbonate salt lake lithium extraction construction project equipment, operation and technical services”.

The announcement shows that the consortium composed of Songdu Lithium and Tusqingyuan, as Party B, is responsible for providing complete sets of membrane separation and crystallization evaporation equipment for the project, packaging and transporting them to designated domestic warehouses, providing guidance and installation technical services, and franchising according to the agreement ( including operation and maintenance).

The announcement shows that Songdu Lithium has allcontractThe equipment funds are advanced, and the equipment purchase amount involved is 1.6 billion yuan.Songdu Lithium has the right to charge the annual fee according to the advance amount.interest rate8% interest. All advances to contract equipment and corresponding interest,Mount Everest in TibetIt should be repaid in three installments within three years after the completion and acceptance of the membrane process section of the project or within three years from March 31, 2024, whichever is earlier. At the same time, during the cooperative operation period, Tibet Everest will calculate the product processing fee and the operation incentive fee according to the agreement and pay it to the consortium every month. During the cooperative operation period, the unit price of the product processing fee is tentatively set at RMB 19,800 per ton of lithium chloride products.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Songdu Co., Ltd.: Subsidiary Songdu Lithium Co., Ltd. participated in the lithium extraction project of 50,000 tons of lithium carbonate salt lake on Mount Everest in Tibet with 1.6 billion yuan