Guangdong Guanghua Sci-Tech (002741.SZ) plans to implement a project with an annual production capacity of 100,000 tons of high-performance lithium battery materials, with a total investment of approximately 1 billion yuan.

Guangdong Guanghua Sci-Tech (002741.SZ) announcement: The company has signed a cooperation framework agreement with the management committee of the Dazhou High-tech Industrial Park to implement a project to produce 100,000 tons of high-performance lithium battery materials annually. The total investment scale of the project is approximately 1 billion yuan, with the first phase of investment being about 500 million yuan and the second phase about 500 million yuan. The project will be constructed in two phases and will be built on land in the Dazhou High-tech Industrial Park for new materials. The first phase of the project is planned to use an industrial land area of about 60 acres, with a land use period of 20 years; the second phase is planned to reserve an industrial land area of about 50 acres. The first phase of the project will be for the construction of a new high-performance lithium battery materials project, with specific details subject to the planning and design scheme approved by the relevant planning authorities. The main products will be iron phosphate and lithium carbonate, with an annual production capacity of 50,000 tons. The second phase of the project will focus on expanding production capacity, with specific details subject to the planning and design scheme approved by the relevant planning authorities. The main products will be iron phosphate and lithium carbonate, with an increased annual production capacity of 50,000 tons. It is reported that this investment will leverage the company's comprehensive business advantages and effectively enhance the company's construction and operation capabilities in the lithium battery materials project.