Jiangsu Guotai plans to carry out 40,000tpy-capacity lithium battery solution project in Poland

Recently, Jiangsu Guotai International Group ("Guotai") announced that it planned to build lithium battery solution project ("the Project") with a capacity of 40,000tpy in Poland.Asian Metal Copyright Specifically, the project has a total investment of RMB300 million including RMB105 million of infrastructure investment, RMB80 million of equipment investment, RMB6.Asian Metal Copyright Specifically, the project has a total investment of RMB300 million including RMB105 million of infrastructure investment, RMB80 million of equipment investment, RMB6.Asian Metal Copyright, Ltd.Asian Metal Copyright6 million of land cost and RMB108.Asian Metal Copyright tentative name which will be responsible for carrying out the Project in Poland.Asian Metal Copyright4 million of initial working capital and a construction period of about 30 months.

Jiangsu Ruitai New Energy Materials Co., Ltd.Asian Metal Copyright4 million of initial working capital and a construction period of about 30 months.Asian Metal Copyright, Guotai's wholly-owned subsidiary, and Zhangjiagang Guotai Huarong Chemical New Material Co.Asian Metal Copyright, Guotai's holding subsidiary, will contribute 50% of the investment respectively to set up a subsidiary in the Republic of Poland named Guotai Huarong Poland Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, Guotai's holding subsidiary, will contribute 50% of the investment respectively to set up a subsidiary in the Republic of Poland named Guotai Huarong (Poland) Co.Asian Metal Copyright, Guotai's holding subsidiary, will contribute 50% of the investment respectively to set up a subsidiary in the Republic of Poland named Guotai Huarong Poland Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright (tentative name) which will be responsible for carrying out the Project in Poland.

.Asian Metal Copyright6 million of land cost and RMB108Asian Metal Copyright