FULIN Precision: Subsidiary Jiangxi Shenghua plans to invest 160 million yuan, hold a 40% stake to establish a joint venture company, and build a new annual production of 200,000 tons lithium dihydrogen phosphate integrated project and supporting 100,000 tons thermal phosphoric acid project.

Fulin Precision Engineering announced that, in order to further leverage their respective professional and resource advantages in the industry, and to achieve cooperation in the upstream and downstream of the new energy industry chain, and to jointly promote the development of the new energy industry, its subsidiary Jiangxi Shenghua New Materials Co., Ltd. intends to sign a "Project Investment Cooperation Agreement" with Deyang Lintai New Materials Group Co., Ltd. and Sichuan Bairei Mining Co., Ltd. The parties intend to jointly invest in establishing a joint venture company, and to build a lithium dihydrogen phosphate integrated project with an annual output of 200,000 tons and a supporting 100,000 tons of thermal phosphoric acid project. The registered capital of the target company is 400 million yuan, with Jiangxi Shenghua intending to invest 160 million yuan and hold 40% of the company's shares, Lintai Group intending to invest 200 million yuan and hold 50% of the company's shares, and Bairei Mining intending to invest 40 million yuan and hold 10% of the company's shares.