On the morning of April 20th, Mr. Zhao Xiaolun, Chairman of the Board of Directors of Yawang Energy Group, Mr. Zhao Lin, Chairman of Sichuan Shunying Power Battery Materials Co., Ltd., Yan Jianxin, General Manager of Securities Affairs Headquarters of Yawang Energy Group, Sichuan Shunying Power Battery Materials Co., Ltd. The company's executive director Wang Xianfeng, chief engineer Dan Yong, and China Finance Merchants (Beijing) Capital Management Co., Ltd. Managing Director Ma Yingying, etc. visited Fosun Group Chairman Mr. Guo Guangchang and Co-Chairman Mr. Wang Qunbin. The two parties conducted in-depth exchanges and communication on various cooperation matters of Sichuan Sunshine Power Battery Materials Co., Ltd., which plans to carry out a comprehensive strategic cooperation.

During the meeting, Mr. Guo Guangchang first extended a warm welcome to the leaders of Yawang and introduced the development history, industry status and future strategic development plans of Fosun Group. Founded in 1992, Fosun has been deeply involved in healthcare, cultural tourism, consumption and finance. It has now become a multinational investment group with annual sales revenue of 143 billion yuan, net profit of 14.8 billion yuan, and total assets of 715.7 billion yuan, ranking it on the Forbes list. 371 people. The main industrial companies of Fosun's resource group include Hainan Mining, Nanjing Iron and Steel Co., Ltd., and Gateway Power. Mr. Guo Guangchang said that Fosun’s vision is to intelligently create a healthy, happy, and prosperous life for one billion family customers around the world. In order to realize this vision, Fosun has in-depth deployment of insurance, finance and investment businesses around the world, and accelerated the deployment of technology-driven innovative finance, continuously strengthening the ability to seamlessly connect "industry + finance", and promote global industrial integration. It is hoped that the compliance project will accelerate the promotion of in-depth strategic cooperation and provide enterprises with sufficient empowerment and industrial synergy.

Mr. Zhao Xiaolun said that Fosun Group is a recognized benchmark enterprise in the industry, and it has demonstrated strong strength in all aspects such as group qualifications, industrial scale, team capabilities, and business philosophy. In the future, Sichuan will rely on its world-leading technology, broad project prospects, and huge development potential. It can participate in the development trend of the energy materials market with Fosun and share Yawang’s nearly 30 years of accumulation in chemical and metallurgy. And experience, hope to further develop a broader opportunity in the laterite mineral resources and new energy material market development needs, establish a long-term cooperation mechanism, and achieve a win-win situation.

In the discussion on the cooperation between the two parties, the two parties agreed that the company’s global leading “pressure leaching and cascade utilization of nitric acid” technology can jointly develop resource mining rights with Hainan Mining overseas or provide technology for the treatment of associated poor ore Support and other methods to achieve the purpose of common development; conform to the company's "three points and one line" overall layout of products, production capacity and industrial chain can form a strategic synergy effect with Nanjing Iron and Steel Co.; conform to the company's ternary lithium battery precursor Tike and Gateway Power are working together to deepen the lithium-ion battery industry. The two parties complement each other in the upstream and downstream resources of the industry chain and continue to improve their comprehensive competitiveness.

After in-depth communication, the two parties reached a number of consensus on the details of future cooperation, and agreed that Sichuan’s future development plan and development philosophy are very compatible with Fosun and its industrial group. We hope to continue to strengthen cooperation in the future and accelerate the promotion of various Project development.