Shenzhen Sunxing Light Alloys Materials (603978.SH): "Construction and completion of the third phase of the project to produce 15,000 tons of lithium hexafluorophosphate per year."

Shenzhen Sunxing Light Alloys Materials (603978.SH) announced that the company's first public offering to raise funds for the investment project "Construction Project Phase III of a 15,000-ton Lithium Hexafluorophosphate Annual Production" has been completed. The investment project was constructed and implemented by the wholly-owned subsidiary Songyan New Energy Materials (Quannan) Co., Ltd., and recently started operation and officially began production. The lithium hexafluorophosphate project of the company is being implemented in phases according to the plan. The previous phases had a production capacity of 5,800 tons, and the recent Phase III 7,000-ton production line was successfully put into operation. As of now, the project has been completed and has a total actual annual production capacity of 12,800 tons. After the official production of the Phase III 7,000-ton production line, the company's lithium hexafluorophosphate project has been fully completed. The production capacity of lithium hexafluorophosphate can be further increased after the official production of the Phase III 7,000-ton production line, providing production support for the company's expanding sales scale, forming economies of scale, enhancing the company's overall comprehensive strength, and strengthening the company's continuous development capabilities.