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On October 8, 2021, Conch Venture and the Wuhu Economic and Technological Development Zone Management Committee signed the "Investment Agreement for the Annual Production of 500,000 Tons of Lithium Iron Phosphate Cathode Material Project", and the project plans to construct an annual output of 500,000 tons of lithium iron phosphate cathode material project.
The signing ceremony was held in the East China Sea Hall of Conch International Conference Center. Shan Xiangqian, Secretary of Wuhu Municipal Party Committee, Ningbo Mayor and Deputy Secretary of Wuhu Municipal Party Committee, and Guo Jingbin, Chairman of Conch Venture, participated in the signing ceremony. Zhang Zhihong, Member of the Standing Committee of the Municipal Party Committee, Secretary-General and Director of the Propaganda Department, He Dong, Member of the Standing Committee of the Municipal Party Committee and Executive Deputy Mayor, Zhang Dong, Member of the Standing Committee of the Municipal Party Committee, Secretary of the Party Working Committee of Wuhu Economic Development Zone and Director of the Management Committee, and heads of Wuhu Economic Development Zone and related departments ; Li Jian, deputy general manager of Conch Ventures, Shumao, general manager of Conch Environmental Protection, and Chen Xingqiang, financial director of Conch Venture, attended and witnessed the signing.
Li Jian, deputy general manager of Conch Venture, and Wang Xiang, deputy director of the Administrative Committee of Wuhu Economic Development Zone, signed investment agreements on behalf of both parties.
Before the signing ceremony, Chairman Guo Jingbin met with He Dong, member of the Standing Committee of the Municipal Party Committee and Executive Deputy Mayor, in the Conch Hall, and the two parties had in-depth exchanges on project promotion matters.
He Dong congratulated Conch on the successful signing of the 500,000-ton-a-year lithium iron phosphate cathode material project. He said that entrusted by the main leaders of the Municipal Party Committee and the Municipal Government, he made a special trip to conduct in-depth exchanges on the implementation of the project. As a leading enterprise in the energy conservation and environmental protection industry, Conch Venture has strong comprehensive strength, wide professional coverage and complete industrial chain. This time Conch Venture chose Wuhu Economic Development Zone to enter the lithium battery cathode material industry. The municipal party committee and government and related departments will continue to support and cooperate with the project construction, and fully cooperate in the handling of land, environmental assessment, energy assessment and other warrants to advance the project. Provide policy support to enable the project to land early, start construction early, start production early, and benefit early.
On behalf of the company, Guo Jingbin expressed his gratitude to the Wuhu Municipal Party Committee and Municipal Government for their support in the development of the company. He said that since the company went public in 2013, the two-wheel drive of "solid waste and hazardous waste disposal + domestic waste incineration power generation" in the environmental protection field has developed rapidly, and the endogenous value has continued to increase. It has been included in the top 500 listed companies in China by market value for four consecutive years. In recent years, with the rapid development of the global new energy automobile industry, the company has seized development opportunities and quickly entered the new energy battery lithium iron phosphate cathode material industry track, helping the company's long-term and stable development. It is hoped that the municipal party committee and the municipal government will provide strong support in project planning, application for approval and construction, jointly promote project construction, and strive to achieve early results and become the company’s new profit growth point. The level adds to the appearance and luster.
