Suzhou SLAC Precision Equipment (300382.SZ) subsidiary plans to establish a joint venture, Suzhou SLAC Precision Equipment (Nanning) New Energy Technology Co., Ltd.

Suzhou SLAC Precision Equipment (300382.SZ) announced that, based on the company's overall strategic layout and its own business development needs, the company's controlling subsidiary Xinxiang Shengda New Energy Technology Co., Ltd. ("Xinxiang Shengda") plans to sign a "Joint Venture Agreement" with Shanghai Jiangfeng Shantai Industrial Development Co., Ltd. ("Jiangfeng Shantai") and Jiaozuo Chenshuo Industrial Management Partnership (Limited Partnership) ("Jiaozuo Chenshuo"). In line with the principle of mutual benefit and win-win cooperation, Xinxiang Shengda, Jiangfeng Shantai, and Jiaozuo Chenshuo plan to jointly contribute capital to establish Suzhou SLAC Precision Equipment (Nanning) New Energy Technology Co., Ltd. The joint venture company will have a registered capital of 60 million yuan, with Xinxiang Shengda contributing 39.6 million yuan, accounting for 66%. Jiangfeng Shantai and Jiaozuo Chenshuo have channel advantages in battery shell sales. The establishment of this joint venture company is conducive to further fully integrating the advantageous resources of both parties, achieving synergistic complementarity, continuously enhancing the company's comprehensive competitiveness in the battery shell business, and is beneficial to the company's long-term, healthy, and sustainable development, in line with the company's development strategic planning and the interests of all shareholders.