Nanyang Technology to build lithium battery Company

Nanyang Science and Technology (002389) announced that the company and related people Shao jointly funded 30 million yuan to launch the establishment of Zhejiang Thai lithium Battery Materials Co., Ltd., operating range of lithium-ion battery diaphragm and lithium-ion battery other materials.　　Among them, the company intends to invest 25.5 million yuan in its own capital, with a shareholding ratio of 85%, Shao 4.5 million yuan in cash and a shareholding ratio of 15%. After the establishment of Zhejiang Thai Ocean, the plan is to build 15 million square meters of lithium-ion battery diaphragm project, the total investment of the project is about 100 million yuan, the source of funds is to be jointly invested by the subsidiary shareholders and the subsidiary bank financing Solution, if the company's cumulative amount of investment needs to be submitted to the general　　The project is expected to achieve annual sales revenue of 120 million yuan, the average annual net profit of 25 million yuan, project construction period of 1.5 years. The company said that the investment in line with the national strategic emerging industry policy guidance, in line with the company's strategic development direction, is expected to bring good economic benefits to the company. This investment will not affect the company's day-to-day operating capital turnover.