CNGR to raise RMB5 billion for Beibu Gulf project

On the evening of June 24, CNGR unveiled its Share-A private placement proposal, planning to issue no more than 56.Asian Metal Copyright, Ltd.Asian Metal Copyright965 million shares (no higher than 30% of the company's total shares before this offering) to no more than 35 targeted investors to raise no more than RMB5 billion (USD0.Asian Metal Copyright965 million shares no higher than 30% of the company's total shares before this offering to no more than 35 targeted investors to raise no more than RMB5 billion USD0.Asian Metal Copyright77 billion).

According to the proposal, the company plans to invest RMB3.5 billion (USD0.Asian Metal Copyright99 billion USD0.Asian Metal Copyright54 billion) of the to-be-raised fund into the Beibu Gulf industrial base project of Guangxi CNGR New Energy Technology Co.Asian Metal Copyright99 billion USD0.Asian Metal Copyright, Ltd.Asian Metal Copyright25 billion on average.Asian Metal Copyright and also to use the remaining RMB1.Asian Metal Copyright25 billion on average.Asian Metal Copyright5 billion (USD0.Asian Metal Copyright When it ramps up to nameplate capacities, it is expected to bring in an annual operation revenue of RMB16.Asian Metal Copyright23 billion) to supplement working capital.

The Beibu Gulf project has a total planned investment of RMB5.99 billion (USD0.Asian Metal Copyright Its designed production capacities include 180,000t of ternary precursor per year, 110,000 metal tons of nickel sulfate solution per year, and 10,000 metal tons of cobalt sulfate per year.Asian Metal Copyright93 billion) and will consist of six ternary precursor production workshops, three nickel sulfate (MSP) production lines, two nickel sulfate (nickel dissolution) production lines, one cobalt sulfate (cobalt hydroxide) production line and matching public facilities.Asian Metal Copyright According to the proposal, the company plans to invest RMB3.Asian Metal Copyright Its designed production capacities include 180,000t of ternary precursor per year, 110,000 metal tons of nickel sulfate solution per year, and 10,000 metal tons of cobalt sulfate per year.Asian Metal Copyright The Beibu Gulf project has a total planned investment of RMB5.Asian Metal Copyright When it ramps up to nameplate capacities, it is expected to bring in an annual operation revenue of RMB16.Asian Metal Copyright23 billion to supplement working capital.Asian Metal Copyright21 billion (USD2.Asian Metal Copyright93 billion and will consist of six ternary precursor production workshops, three nickel sulfate MSP production lines, two nickel sulfate nickel dissolution production lines, one cobalt sulfate cobalt hydroxide production line and matching public facilities.Asian Metal Copyright51 billion) and annual after-tax profit of RMB1.Asian Metal CopyrightOn the evening of June 24, CNGR unveiled its Share-A private placement proposal, planning to issue no more than 56.Asian Metal Copyright63 billion (USD0.Asian Metal Copyright77 billion.Asian Metal Copyright25 billion) on average.

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