Longpan Technology: Plans to increase the planned production capacity of lithium iron phosphate cathode materials for fundraising projects.

Longban Technology announced on December 24th that the company's 2021 non-public offering of shares investment project "Scale Production Project of New Energy Vehicle Power and Energy Storage Battery Cathode Materials" aims to be constructed in three phases by the company's holding subsidiary Sichuan Lithium Source New Materials Co., Ltd. in Suining, Sichuan with an annual production capacity of 150,000 tons of lithium iron phosphate cathode materials. As of now, Phase 1 with a capacity of 25,000 tons/year and Phase 2 with a capacity of 62,500 tons/year have been completed and put into operation. The company plans to change the construction content of Phase 3 and increase the planned capacity from 62,500 tons/year to 100,000 tons/year.