Jinpu Titanium Industry plans to raise 900 million yuan to extend the titanium dioxide industry chain

 Jinpu Titanium Industry (000545) announced on the evening of May 29 that the company plans to raise no more than 900 million yuan by issuing shares to specific targets. The net proceeds after deducting issuance expenses will be used for 100,000 tons/year of new energy battery material precursors and comprehensive utilization project of thermal energy. The objects of this issuance include no more than 35 specific objects including the controlling shareholder Gimpo Group.

  Jinpu Titanium Industry announced on the evening of March 28, 2022 that it plans to invest in the construction of 200,000 tons/year battery-grade iron phosphate and 200,000 tons/year lithium iron phosphate in Anhui (Huaibei) New Coal Chemical Synthetic Material Base. Integrated energy battery materials project, the total investment of the project is about 10 billion yuan. Later, Jinpu Titanium Industry announced on the evening of May 29, 2022 that it will invest approximately 1.28 billion yuan in the Anhui (Huaibei) New Coal Chemical Synthetic Material Base with its wholly-owned subsidiary Nanjing Titanium Dioxide as the main body to build Jinpu New Energy Battery Materials Integration Project (Phase I Project), and signed the "Jinpu New Energy Battery Materials Integration Project (Phase I Project) Agreement" with the Anhui (Huaibei) New Coal Chemical Chemical Synthetic Material Base Management Committee.

  The 100,000 tons/year new energy battery material precursors and heat energy comprehensive utilization project planned to be invested by Jinpu Titanium Industry in this fixed increase fundraising will be implemented by Jinpu New Energy, jointly invested and established by Nanjing Titanium Industry, a wholly-owned subsidiary of Jinpu Titanium Industry, and Huaibei City Growth Small and Medium-sized Enterprise Fund Co., Ltd. and Anhui High-tech Investment New Materials Industry Fund Partnership (Limited Partnership). The construction site is also located in Anhui (Huaibei) New Coal Chemical Composite Material Base. The construction period is 1 year, and the test run time is 3 months. It took half a year from production to production capacity. After completion, the scale will be 100,000 tons/year of iron phosphate and 300,000 tons/year of sulfuric acid.

  Jinpu Titanium Industry said in the announcement that after the completion of the project, it will not only fully consume by-products such as ferrous sulfate in the production process of titanium dioxide and realize the extension of the titanium dioxide industry chain, but also deploy new energy battery materials to form a new company. Performance growth point.