Lihu Co., Ltd. announced that its wholly-owned subsidiary, Wuxi Lihu New Quality Energy Saving Technology Co., Ltd. recently signed a “Strategic Cooperation Framework Agreement” valid for 10 years with Anhui Zhi'an Xinchuang Technology Co., Ltd. to cooperate around the battery case business. Lihu New Quality plans to invest about 70 million yuan in fixed assets, equipment and personnel; in the case where the cost, quality, and price delivery are not inferior to the market, Zhian Xinchuang promises that the order share issued every year will not be less than 50% of the total purchase share of the business and not less than 200,000 pieces. The specific cooperation matters are subject to the subsequent formal signing of a purchase order between the two parties.

Lihu Co., Ltd. announced that its wholly-owned subsidiary, Wuxi Lihu New Quality Energy Saving Technology Co., Ltd. recently signed a “Strategic Cooperation Framework Agreement” valid for 10 years with Anhui Zhi'an Xinchuang Technology Co., Ltd. to cooperate around the battery case business. Lihu New Quality plans to invest about 70 million yuan in fixed assets, equipment and personnel; in the case where the cost, quality, and price delivery are not inferior to the market, Zhian Xinchuang promises that the order share issued every year will not be less than 50% of the total purchase share of the business and not less than 200,000 pieces. The specific cooperation matters are subject to the subsequent formal signing of a purchase order between the two parties.