Nanjing Hicin Pharmaceutical (300584.SZ) plans to establish a joint venture to enter the field of solid-state battery materials.

Nanjing Hicin Pharmaceutical (300584.SZ) announced that the company's controlling subsidiary Anqing Huichen Technology Co., Ltd. (referred to as "Anqing Huichen"), Sichuan Saiko Power Technology Co., Ltd. (referred to as "Saiko Power"), Yibin Ronggu New Materials Technology Center (Limited Partnership) and Mr. Cao Xichen and Mr. Yan Meiqiang intend to jointly invest in the establishment of a joint venture company Sichuan Luochen New Materials Technology Co., Ltd. (referred to as "Sichuan Luochen"), mainly engaged in the research and development, production, sales, technology patent licensing, and technical services of new energy and electronic materials. The registered capital of the joint venture company is RMB 20 million, of which the controlling subsidiary Anqing Huichen will invest RMB 8.2 million, accounting for 41%. It is reported that the five parties jointly invested in the establishment of the joint venture company with the aim of combining the technical reserves of Saiko Power in various new energy battery-related adhesives, including solid-state batteries, and the industrial advantages of Anqing Huichen in new energy materials, to jointly promote the small-scale, medium-scale, and commercial production of various new energy battery-related adhesives, including solid-state batteries. Both parties will carry out in-depth cooperation in the research and industrialization of solid-state battery adhesives, continuously iterating and optimizing the solutions for the entire new energy battery system related adhesives. Saiko Power is a solid-state battery company incubated by the Sichuan New Energy Automotive Innovation Center Ltd. (Academician Ouyang Ming's workstation's physical operating entity) in Yibin, Sichuan province, focusing on the transformation of scientific and technological achievements. By jointly investing in the establishment of a joint venture company with Saiko Power, the company will enter the field of solid-state battery materials, further enriching the company's strategic layout in the field of new energy battery materials, enhancing the company's overall competitive strength and market advantage.