Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd.
Announcement on the Progress of Some Project Construction within the Raised Funds Investment Projects
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Basic Situation of Raised Funds Investment Projects
According to the "Prospectus of Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd. for Initial Public Offering of Stocks on the ChiNext Market," the company's original raised funds investment project was the "Second Phase of the异地智能化技术改造升级及原辅材料配套生产项目 for an annual output of 20,000 tons of cobalt and 10,000 tons of nickel metal equivalent." The specific construction content includes the production of 13,500 tons of cobalt metal and 10,000 tons of nickel metal equivalent annually by utilizing cobalt intermediates, nickel intermediates, and spent lithium battery materials. The products include electrodeposited cobalt, nickel sulfate, manganese sulfate, lithium carbonate, and ternary precursors.
- First Amendment: Expansion of Project Capacity and Addition of Supporting Projects (November 2022)
On November 30, 2022, the Company held the fourth meeting of the third Board of Directors and the fourth meeting of the third Supervisory Board. On December 19, 2022, the third extraordinary general meeting of shareholders in 2022 approved the expansion of the raised funds investment project's capacity, the addition of supporting projects, the adjustment of the raised funds investment project's investment amount, the use of over-raised funds to increase investment, and the adjustment of the raised funds investment project's implementation entity.