Open up the whole chain closed loop, Wanhua Chemical invests in Da Zhong Mining's 200,000-ton lithium salt project.

Da Zhong Mining and the global leading chemical company Wanhua Chemical have reached a deep strategic cooperation, and the two parties plan to jointly establish Sichuan Da Zhong He Lithium Industry with a total investment to build a lithium salt and supporting project with an annual production capacity of 200,000 tons. The registered capital of the joint venture company is 300 million RMB, with Da Zhong Mining holding 80% of the shares and Wanhua Chemical holding 20%. The first phase of the project with a capacity of 30,000 tons of lithium salt is scheduled to be put into production within 2 years, and the long-term plan includes a total of 200,000 tons, effectively locking in Wanhua Chemical's demand for lithium salt. This cooperation connects the entire chain of lithium mining-lithium salt-battery materials, and after the first phase reaches production, the corresponding annual revenue is expected to be around 4 billion RMB, significantly increasing the company's performance. At the same time, it will help the company in completing the extension of the lithium battery industry chain layout, stabilizing the impact of lithium price cycle fluctuations, and opening up long-term growth opportunities.