Ann: Extension of Voluntary Suspension, page-27

From the last Equity invesment:

Highlights
• Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) has secured a binding strategic
equity investment of A$2 million from Sichuan Hebang Biotechnology Corporation Limited
(SHSE: 603077) (“Hebang”), by way of a placement of Avenira shares.
• In addition, Avenira has entered into a non-binding Strategic Cooperation and Offtake
Memorandum of Understanding (“MOU”) with Hebang. The MOU establishes a framework
for close cooperation between Avenira and Hebang in the fields of phosphate mining and
yellow phosphorus production.
• Hebang is a company listed on the Shanghai Stock Exchange and with over 6,700
employees, that focuses on the manufacture of agricultural (including feed nutrients and
herbicides) and photovoltaic products. Its products assist in weed control and increase
yields in food crops to feed the world’s growing population, with yellow phosphorus being
one of its key ingredients in the manufacturing process.
• Hebang has the necessary technology and processes required for photovoltaic power
station and yellow phosphorus factory construction, and as a yellow phosphorus user, has a
procurement demand for yellow phosphorus products.
• Yellow Phosphorus is a vital intermediate product in the production of thermal phosphoric
acid (TPA), a core feedstock in the manufacture of LFP Cathode Active Material (LFP).
• The MOU provides for cooperation between Avenira and Hebang for the development of
the Wonarah Project, covering the following key aspects of the development of a yellow
phosphorous plant, direct shipping of ore and development of renewable energy solutions:
1. Yellow Phosphorus Project - Hebang to contribute to the investment, construction, and
operation of a yellow phosphorus plant with an initial production capacity of 50,000
tons per annum, including:
 Support: providing the yellow phosphorus plant with technology, processes,
operational experience, personnel, and other support to assist Avenira in the
construction and operation of the yellow phosphorus plant.
 Funding: contributing to the funding of the yellow phosphorus plant on terms to
be negotiated between the parties and acceptable to Avenira and Hebang.
 Offtake: committing to purchase part of the production of yellow phosphorus from
the yellow phosphorus plant.