Binhai Energy: Holding subsidiary signs 4.2 billion negative electrode material project EPC general contracting contract.

Bohai Energy announced that on February 13, its holding subsidiary Xingtai Xuyang New Energy signed a 1.2 billion yuan EPC general contract with Xuyang Engineering and Beijing Zhonglian Sheng Chemical United for a 1,000 tons/year porous carbon project; Baotou Xuyang Silicon Carbon and Xuyang Engineering Technology signed a 3 billion yuan EPC general contract for a 2,000 tons/year silicon carbon anode material project. The transaction parties are all companies controlled by the controlling shareholder, constituting related party transactions. The board of directors has approved the proposal, which still requires shareholder approval. In addition, from the beginning of the year to the date of the announcement, the company has accumulated related party transactions with related parties totaling 93.0473 million yuan.