*ST E-carbon processing multiple assets will build a square aluminum shell battery production line

*ST E-Carbon announced on the morning of the 13th. On December 9th, the company signed the Equity Repurchase Agreement with Xinyu Sealing Material Co., Ltd. (abbreviated as “Xinyu Seal” or “Party B”), Han Yufeng, Chen Rui, and Chen Geng. Party B repurchased 100% equity of Jidong Aoyu Carbon Graphite Investment Co., Ltd. held by the company for a total consideration of RMB 408,873,100.

The company stated that after the completion of this repurchase transaction, it will completely solve the historical legacy issues of Aoyu Group and Aoyu Group's processing performance that have not reached Party B's commitment and Party B has not compensated, and also solved the losses and impairments caused by the declining performance of the other party. The expected revenue from this transaction is approximately 75.21 million yuan. After the transaction is completed, the assets structure of the company will be optimized, asset liquidity will be enhanced, and the company's asset-liability ratio will be reduced.

On the same day, the company announced that it plans to sign the "Equity Transfer Agreement" with Beijing Capital Investment Management Co., Ltd. (hereinafter referred to as Beijing Capital Investment or Party B) and it will hold a 30% stake in the wholly-owned subsidiary Shenyang Yinji Real Estate Co., Ltd. Transferred to Party B, Party B paid the transfer price of 45,288.96 ten thousand yuan.

After the equity transfer, the company holds 70% of the shares in Silverbase Real Estate, and Silverbase Real Estate is still a controlling subsidiary of the company. The estimated equity transfer proceeds generated from the transaction was RMB 225,677,870.

At the same time, the company also announced that in order to achieve the new business growth point and development direction by using high-end new materials to enhance power batteries, it will give full play to its technological and resource advantages in the fields of new materials and new energy (1998.090, -9.75, -0.49%) and In the capital market's ability to integrate, the company plans to invest in the construction of an annual output of 250 million Wh square aluminum shell battery PACK production line project through its subsidiary, Jiangsu Yinjiene Carbon Energy Technology Co., Ltd., with a total investment of RMB 30,002,490,000 yuan. Changzhou City, Jiangsu Province Wujin District Taihu Lake Science and Technology Industrial Park.

In this project, nickel-cobalt-manganese-manganese-lithium and lithium-iron-phosphate-square aluminum-shell batteries were used to assemble battery packs of various voltage platforms and capacities. The normal construction period of the project is 4 months. The normal production year project can achieve an annual production capacity of 250 million Wh square aluminum battery.