Tianjin Binhai Energy & Development (000695.SZ) signed a total contract for the general contracting of the project of producing 200,000 tons of lithium battery negative electrode materials and 50,000 tons of front-end and supporting materials.

Tianjin Binhai Energy & Development (000695.SZ) announced that its wholly-owned subsidiary Inner Mongolia Xiangfu New Energy Co., Ltd. ("Xiangfu New Energy") has re-selected Hebei Installation Engineering Co., Ltd. as the new general contractor for the 200,000-ton integrated project of negative electrode materials, with a front-end package of 50,000 tons. The two parties signed the "Annual Production of 200,000 Tons of Lithium Battery Negative Electrode Materials, 50,000 Tons of Front-end and Supporting Project General Contract" on November 18, 2024. The contract, with a provisional total price of 480 million yuan, accounts for 57.28% of the company's total assets as of the end of 2023. This proposal does not require shareholder approval.