Yongtai Technology: Subsidiary plans to invest 820 million yuan to build two projects.
Yongtai Technology announced that on March 13, the sixth meeting of the seventh board of directors of the company approved a proposal to invest 550 million yuan in the existing production capacity technology transformation and expansion of its subsidiary Yongtai High-Tech to increase the annual production capacity of lithium hexafluorophosphate to 50,000 tons, and to invest 270 million yuan in the construction of a new lithium replenishing agent project with an annual production capacity of 5,000 tons, with a total expected investment of 820 million yuan, subject to actual investment. The construction of the two projects will be from March 2026 to December 2027 and from June 2026 to December 2028 respectively, and the funds will be self-financed. The projects are still in the preparatory stage and will not have a significant impact on the operating results of the current year.
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