Chengxin Lithium Group Co., Ltd.

Chengxin Lithium Group Co., Ltd. is a manufacturing company listed on the Main Board of the Shenzhen Stock Exchange since 2008. The company specializes in lithium mining, as well as the production and sale of lithium compounds and lithium metal. With a commitment to becoming a global leader in lithium new energy materials, Chengxin Lithium has established a significant presence in the lithium market through its various production facilities and resource projects. The company operates several production sites, including facilities in Sichuan, China, and Indonesia, with a combined lithium compound production capacity of 137,000 tons per year and a lithium metal production capacity of 500 tons per year. Chengxin Lithium is actively expanding its operations, including the ramp-up of its Indonesian Chengtok project, which is noted as the largest operational ore-based lithium extraction project overseas. Additionally, the company has strategically positioned itself with lithium resource projects globally, including hard rock and brine extraction initiatives, ensuring a robust supply chain for its lithium products. Major customers include prominent industry players such as BYD and LGES.

Since 2016, the company has entered into the industry of lithium new energy materials, and continues to increase investment, expand production capacity and secure resource reserves. The company has strong core competitiveness in production capacity, technical skill, lithium resource planning and mine development and construction. On the lithium product side, the company has built an annual lithium salt production capacity of 137,000 tons (77,000 tons in Sichuan, China, and 60,000 tons in Indonesia) and a metallic lithium production capacity of 500 tons per year. The company is actively promoting the capacity ramp-up and customer certification of the 60,000-ton lithium salt project at its Indonesian Chengtok facility, and began mass supply in August 2025. The Indonesian Chengtok project is currently the largest operational ore-based lithium extraction project overseas. Against the backdrop of current restrictions on the export of lithium product production technologies, the project's competitive advantages have become even more prominent. The company will actively drive the capacity release of the Indonesian Chengtok project to rapidly enhance its ability to support and serve global customers. In addition, the company has completed preliminary work such as project design for a newly planned 2,500-ton metallic lithium project, which is about to enter the construction phase. The company has been closely monitoring developments in solid-state batteries and continuously strengthening cooperation and communication with downstream solid-state battery application customers. Ultra-thin and ultra-wide lithium strips have already achieved mass production and supply. The company will continue to improve its product technology and R&D capabilities to provide new growth drivers for its long-term development. The company's major customers include leading industry players such as BYD, CALB, Huayou Group, Wuhan Chu Neng, Nantong Ruixiang, SK On, ALB, Hyundai Motor, LGES, Puhua New Energy On the lithium resource side, the company has strategically positioned lithium resource projects both domestically and internationally. During the reporting period, the total lithium concentrate production from the company's subsidiaries reached 299,800 tons, representing a year-on-year increase of 4.82%. Among these, the Murong lithium mine, recognized as one of the significant achievements of the Ministry of Natural Resources' new round of strategic breakthrough prospecting actions, has proven Li₂O resources of 989,600 tons with an average grade of 1.62%, making it one of the highest-grade lithium mines in the Sichuan region. The designed annual production capacity is 3 million tons of ore (equivalent to approximately 75,000 tons of lithium carbonate equivalent). To date, the preparatory work before construction of the Murong lithium mine has been largely completed, including obtaining project approval from the Sichuan Provincial Development and Reform Commission, the pre-approval of construction land use and site selection opinion from the Sichuan Provincial Department of Natural Resources, approval of the Environmental Impact Report for the mining, processing, and tailings project from the Sichuan Provincial Department of Ecology and Environment, and the review of the mine safety facility design by the National Mine Safety Administration. Large-scale construction is about to commence. The company will fully leverage its experience in developing lithium mine projects in high-altitude areas of Sichuan to vigorously advance the development and construction of the Murong lithium mine, aiming to achieve a significant increase in lithium resource supply as soon as possible. Thanks to the economies of scale brought by large-scale development and its exceptional resource endowment, the production cost of the Murong lithium mine is expected to remain at a relatively low level within the industry, greatly enhancing the company's ability to navigate industry cycles. In addition, the company continues to actively seek high-quality lithium resource projects globally. Against the backdrop of the current complex international economic and trade environment and heightened geopolitical risks, the Murong lithium mine and the Indonesian Chengtok project represent the company's strategic deployment of an integrated industrial chain system—covering resources, production capacity, and customers—both domestically and internationally. They also serve as the core pillars supporting the company's future rapid development, strengthening of supply chain security, enhancement of risk resilience, and improvement of market competitiveness. With the strategic goal of becoming a global leading enterprise in lithium new energy materials, the company maintains strategic focus, diligently carrying out all work centered on "resources, scale, quality, and customers." It continues to increase investment in the lithium battery new energy sector, fully ensuring the production and operation of active projects, actively advancing the construction progress of projects under development, while persistently seeking high-quality lithium resource projects globally—with a focus on strengthening resource reserves in regions such as Sichuan, Africa, and Argentina. The company will also expand production capacity as appropriate in response to future market demand for lithium products, thereby promoting its long-term, sustainable development.