Yiwei Lithium Energy plans to invest in the construction of square lithium iron phosphate battery and power storage battery production lines in Jingmen High-tech Zone

On November 4, 2021, Huizhou Yiwei Lithium Energy Co., Ltd. (hereinafter referred to as the "Company") and the People's Government of Jingmen City (hereinafter referred to as the "Jingmen Municipal Government") signed the "Strategic Investment Agreement" (hereinafter referred to as the "Agreement"). Based on good trust, the two parties are in line with the principles of development, win-win, equality and mutual benefit. After friendly consultation, the two parties agreed to establish a strategic cooperative relationship. The company and its subsidiaries plan to complete a fixed asset investment of 30.521 billion yuan in Duodao District, Jingmen City, and requisition approximately 3,000 acres of land to build the Jingmen Power Energy Storage Battery Industrial Park project with an annual output of 152.61GWh; the Jingmen Municipal Government will provide necessary support and assistance for the construction of the Jingmen Power Energy Storage Battery Industrial Park and the introduction of lithium-ion power energy storage battery supporting industries.

The company's subsidiary Hubei Yiwei Power Co., Ltd. (hereinafter referred to as "Yiwei Power") intends to sign a "Contract" with the Jingmen High-tech Industrial Development Zone Management Committee (hereinafter referred to as the "Jingmen High-tech Zone Management Committee") to invest in the construction of a 20GWh square lithium iron phosphate battery production line and auxiliary facilities project and a 48GWh power storage battery production line and auxiliary facilities project in Jingmen High-tech Zone. The total fixed asset investment in the investment projects is approximately 12.6 billion yuan.

Basic Situation

1. 20GWh square lithium iron phosphate battery production line and auxiliary facilities project

(1) The total fixed asset investment of the investment project is approximately RMB 3.8 billion (including value-added tax). After completion and production, it is expected to form a square lithium iron phosphate battery production capacity of 20GWh/year.

(2) The planned land area for the investment project is approximately 265 mu of industrial land (the exact location and area shall be subject to actual measurement by the land department), located east of Jianqiu Road, south of Gaoxin Road, west of Yiwei District 2, and north of Kehui Road.

2. 18GWh power storage battery production line and auxiliary facilities project

(1) Project construction content: The total fixed asset investment of the investment project is approximately RMB 3.4 billion (including value-added tax). After completion and production, it is expected to form a power energy storage battery production capacity of 18GWh/year.

(2) Project land: The planned land area of ​​the investment project is approximately 252 mu of industrial land (the exact location and area are subject to actual measurement by the land department), located south of Guanyanhu Avenue, west of Jianqiu West Road, and north of Mingli Road.

3. 15GWh power storage battery production line and auxiliary facilities project

(1) Project construction content: The total fixed asset investment of the investment project is approximately RMB 2.7 billion (including value-added tax). After completion and production, it is expected to form a power energy storage battery production capacity of 15GWh/year.

(2) Project land: The planned land area of ​​the investment project is approximately 214 mu of industrial land (the exact location and area shall be subject to actual measurement by the land department), located south of Mingli Road and west of Jianqiu West Road.

4. 15GWh power storage battery production line and auxiliary facilities project

(1) Project construction content: The total fixed asset investment of the investment project is approximately RMB 2.7 billion (including value-added tax). After completion and production, it is expected to form a power energy storage battery production capacity of 15GWh/year.

(2) Project land: The planned land area of ​​the investment project is approximately 258 mu of industrial land (the exact location and area are subject to actual measurement by the land department), located east of Longjing Avenue, south of Yiwei Power District 4, and north of Kehui Road.