Bank Of China Cashmere Industry ((000982): Continue To Increase Capital To Juhengyi Company, Which Is In The Isostatic Pressing Graphite Industry

Bank of China (000982. SZ) announced that on July 6, 2021, the company held the second meeting of the eighth board of directors, deliberated and passed the "proposal on further capital increase of Dujiangyan juhengyi New Material Co., Ltd." and agreed that Party A (natural person shareholders Hu Zonggui and Xiao Zhiqiong), Party B Chengdu to Hengheng and Party C juhengyi sign the supplementary agreement of capital increase and equity transfer agreement, Chengdu Xiangheng, a wholly-owned subsidiary of the company, subscribes to juhengyi at a cash premium of 26.6 million yuan. The newly increased registered capital is 4136054.27 yuan, and the remaining 22463945.73 yuan is included in the capital accumulation fund of juhengyi. After the capital increase, the registered capital of juhengyi is 10666666.27 yuan, and Chengdu Xiangheng holds 70% equity of juhengyi. After the completion of the capital increase, Chengdu Xiangheng will continue to invest 20.58 million yuan to acquire 30% equity of juhengyi company held by Hu Zonggui and Xiao Zhiqiong. After the completion of the equity transfer, Chengdu Xiangheng holds 100% equity of juhengyi company.

Since its establishment, juhengyi New Material Co., Ltd. has been focusing on the core business of "professional graphitization", which is mainly composed of isostatic pressing roasting, isostatic pressing graphitization and graphitization processing of lithium battery anode materials. From 2018 to 2021, juhengyi new materials was successively rated as "Chengdu new material enterprise" by Chengdu economic and Information Bureau.

As a new type of carbon graphite material, isostatic pressing graphite has many excellent properties, such as isotropy, high temperature resistance, corrosion resistance, high conductivity, high thermal conductivity, self lubrication, low expansion coefficient and high temperature and high strength. It is widely used in photovoltaic solar thermal field materials, EDM mold processing, cemented carbide (vacuum furnace heater, sintering plate, etc.), mining (making drill bit mold), and so on Chemical industry (heat exchanger and anti-corrosion parts), metallurgy (Tongguo), machinery (mechanical seal) and other fields. Based on the graphite chemical process of lithium battery anode material is one of the core processes of anode material production, juhengyi new material actively carries out the research and development of graphitization processing of lithium battery anode material, carburizer and carbon / carbon composite material.

The core team of juhengyi new materials has been engaged in the technical research and production of graphitization field for 25 years, and has rich experience in graphitization production and product sales. After the implementation of the investment, the team will continue to be the core technology and operation team of juhengyi new materials, responsible for process research and development, product production and sales, which can ensure the company's continuous and stable operation.

According to the strategic planning and development prospect of new energy and new material industry in the national "14th five year plan and long-term goal of 2035", the company is optimistic about the long-term development opportunities of new energy and new material industry, and plans to enter the new energy industry from the new energy lithium battery materials, and gradually steadily expand the industrial scale through resource integration and mutual cooperation, Enhance the company's profitability, improve the company's performance and sustainable development ability.

In the field of semiconductor and solar photovoltaic power generation, isostatic pressing graphite material is used for deep processing of graphite components for silicon crystal growth equipment. As the process of replacing polycrystalline with single crystal is accelerating, the demand for isostatic pressing graphite is greatly increased; With the increasing size of silicon crystal, graphite crucible, graphite thermal field and other materials are required to develop into high-purity, large-scale and high-end technologies. At present, the isostatic pressing graphite industry where juhengyi is located will have a good market prospect and a large market space. In order to meet the needs of the industry and customers, juhengyi pre upgraded the furnace body and expanded the production capacity. This continuous capital increase of juhengyi company can supplement juhengyi's working capital, increase investment in technical transformation, improve the company's performance, and achieve the "double main business" business objectives.