Shengxin Lithium Power: Intends to acquire 21% equity of Qicheng Mining for 1.456 billion yuan.

Shengxin Lithium Energy announces its plan to acquire 21% equity of Sichuan Qicheng Mining Co., Ltd. through its wholly-owned subsidiary Sichuan Shengtun Lithium Co., Ltd. for 1.456 billion yuan in cash. After the completion of the transaction, Shengxin Lithium Energy will directly hold 70% equity of Qicheng Mining Co., Ltd., and Qicheng Mining Co., Ltd. and its controlling subsidiary Yajiang County Huirong Mining Co., Ltd. will be included in the consolidated financial statements. The purpose of this transaction is to enhance the company's lithium ore supply security capabilities and increase the self-sufficiency rate of lithium ore raw materials.