Jinguan Electric plans to invest in the construction of a lithium battery separator production base subsidiary

Jinguan Electric plans to jointly invest RMB 50 million with Jilin Jinguan Investment Co., Ltd. to establish Huzhou Jinguan Hongtu Diaphragm Technology Co., Ltd. After the establishment of Huzhou Jinguan, it is planned to build a Huzhou lithium-ion battery diaphragm production base with an annual output of 270 million m2. The total investment of the project is expected to be about 1.217 billion Yuan.

Among them, the company plans to invest 25.5 million Yuan, accounting for 51% of Huzhou Golden Crown, Jinguan Investment plans to invest 24.5 million Yuan, accounting for 49% of Huzhou Golden Crown. Jinguan Investment is controlled by Xu Haijiang, and Xu Haijiang is also the controlling shareholder and actual controller of Jinguan Electric. Therefore, this joint investment constitutes a connected transaction.

Huzhou lithium-ion battery Diaphragm Project has a new construction area of 96802.6m², including major production projects and auxiliary production projects. At the same time, it has introduced 6 foreign lithium-ion battery separator production lines, each with a production capacity of 45 million m²/a, and a total annual production of lithium ions. The battery separator is 270 million m2/a. The project will be constructed in phases, and the preliminary work of the project will be prepared in September 2017. The first phase of the project is expected to be December 2017-2019.

Jinguan Electric said that the company will make full use of the high-efficiency policy environment of the state-level Huzhou Economic Development Zone, highly concentrated new energy and new energy automobile industry clusters and geographical advantages, etc., to further expand the production scale of the company's lithium-ion battery enamel film and enhance the company's Large-scale manufacturing level and production efficiency, to achieve the company's strategic goal of becoming bigger and stronger in the new energy field.

Golden Crown Electric Smart Grid + New Energy Business Double Line Layout：The company previously announced that it plans to acquire 1.476 billion acquisitions. Hongtu diaphragm is the first high-tech enterprise in China to produce high-performance wet-coated membranes. This acquisition will help Hongtu diaphragm solve the funding bottleneck and realize the rapid volume of high-end customers. The operating rate of Hongtu diaphragm is the highest in the domestic market. It is expected that the production capacity will reach 110 million square meters at the end of the year, and the company's production capacity will usher in rapid expansion. The company's establishment of the subsidiary will continue to increase the lithium-ion battery separator production line, which will enable the company's new energy business to develop rapidly.

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