Greemei (002340.SZ) plans to introduce overseas strategic investors for Qingmei to enhance its global competitiveness.

Zh tng cijng APP news, Greenmei (002340.SZ) announcement, the company holds 100% equity of PT Indonesia Qingmei Energy Materials through its wholly-owned subsidiary Greenmei (Jiangsu) Cobalt Industry Co., Ltd. and wholly-owned Sun subsidiary NEW HORIZON INTERNATIONAL HOLDING LIMITED. Qingmei has built an annual production capacity of 50,000 tons of high-nickel power battery ternary precursor materials in Indonesia. In order to cope with global challenges, better enter the global market, promote the rapid entry of company products into the European and American markets, and reduce company capital expenditure, optimize the company's capital structure, the company plans to introduce overseas strategic investors to participate in the capital increase and expansion of Qingmei, enhance its business development, and improve its global competitiveness. After the completion of this capital increase and expansion, Qingmei will no longer be included in the company's consolidated financial statements. The specific details of the capital increase and expansion, such as the capital increase party and amount, are yet to be determined.