Securities Code: 002756 Securities Abbreviation: Yongxing Materials Announcement Number: 2026-025
Yongxing Special Materials Technology Co., Ltd.
Announcement on the Signing of the Capital Increase and Cooperation Agreement between a Wholly-Owned Subsidiary and Yichun Shengyuan Lithium Industry Co., Ltd.
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Yongxing Special Materials Technology Co., Ltd. (hereinafter referred to as the "Company") held the third extraordinary meeting of the Seventh Board of Directors on June 22, 2026, and reviewed and approved the "Proposal on the Signing of the Capital Increase and Cooperation Agreement between a Wholly-Owned Subsidiary and Yichun Shengyuan Lithium Industry Co., Ltd." The proposal agreed that the Company's wholly-owned subsidiary Yifeng County Huaqiao Yongtai Mining Co., Ltd. (hereinafter referred to as "Huaqiao Yongtai") and its wholly-owned subsidiary Yifeng County Huaqiao Mining Co., Ltd. (hereinafter referred to as "Huaqiao Mining") will sign the "Capital Increase and Cooperation Agreement" with Yichun Shengyuan Lithium Industry Co., Ltd. (hereinafter referred to as "Shengyuan Lithium"). Shengyuan Lithium will inject the Porcelain Clay (Lithium-Containing) Ore of Jinzifeng Mine - Zuoli Village Mining Area, Fengxin County, Jiangxi Province (hereinafter referred to as "Jinzifeng Mine") into Huaqiao Mining for capital increase. The relevant matters are hereby announced as follows:
I. Overview of the Cooperation
- Background of the Cooperation
The Company's wholly-owned subsidiary Huaqiao Yongtai's wholly-owned subsidiary Huaqiao Mining holds the mining right of Baishitou Huashan Porcelain Stone Mine (hereinafter referred to as "Huashan Mine") in Huaqiao Township, Yifeng County. Huashan Mine is the main channel for ensuring the raw materials for the Company's lepidolite lithium and lithium carbonate production. Shengyuan Lithium acquired the mining right of Jinzifeng Mine in November 2024 through auction. Huashan Mine and Jinzifeng Mine are adjacent. According to relevant laws and regulations, during the mining of adjacent mines, a safety production setback distance must be maintained.
Considering the maximization of strategic resource utilization and production safety, Shengyuan Lithium and Huaqiao Mining plan to legally and compliantly integrate their respective Jinzifeng Mine and Huashan Mine into a single mining right. This will increase the exploitable resource reserves, improve resource utilization efficiency, create greater value, and lay the foundation for raw materials for the subsequent increase in lithium carbonate production and sales. To ensure the smooth implementation of the aforementioned cooperation, Huaqiao Yongtai, Huaqiao Mining, and Shengyuan Lithium have signed the "Capital Increase and Cooperation Agreement."
The "Capital Increase and Cooperation Agreement" stipulates that Shengyuan Lithium will contribute Jinzifeng Mine at a valuation of RMB 2,692,000,000 to Huaqiao Mining, subscribing for RMB 20,000,000,000 of Huaqiao Mining's newly increased registered capital (Huaqiao Yongtai waives its preemptive right to subscribe for the newly increased registered capital of RMB 20,000,000,000), thereby obtaining a 50% equity interest in Huaqiao Mining after the capital increase. Of this amount, RMB 20,000,000,000 will be included in Huaqiao Mining's registered capital, and the remaining RMB 249,200,000,000 will be included in Huaqiao Mining's capital reserve (Shengyuan Lithium's contributed registered capital and capital reserve will be exclusively enjoyed by Shengyuan Lithium, while all shareholder equity of Huaqiao Mining prior to Shengyuan Lithium fulfilling its capital contribution obligation will be exclusively enjoyed by Huaqiao Yongtai).