Saint Quan Group: plans to raise 2.5 billion yuan to develop the new energy battery material industry.

Jinan Shengquan Group Co., Ltd. released a feasibility analysis report on the use of funds raised. The company plans to issue up to 2.5 billion yuan in convertible bonds, which will be used for the industrialization project of green new energy battery materials and to supplement working capital. The industrialization project of green new energy battery materials will be located in Diaozhen Chemical Industrial Park in Jinan, and after completion, will produce 10,000 tons of silicon carbon anode materials and 15,000 tons of porous carbon per year.