News: PLS CATL Gets Approvals For Unit To Invest A$55 Mln In Australia's Pilbara Minerals, page-6

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http://data.eastmoney.com/notices/detail/300750/AN201909231365594293,JUU1JUFFJTgxJUU1JUJFJUI3JUU2JTk3JUI2JUU0JUJCJUEz.html

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Ningde Times New Energy Technology Co., Ltd. signed a contract with Pilbara Minerals Limited (hereinafter referred to as "Pilbara") on September 3, 2019 through its wholly-owned subsidiary Hong Kong Times New Energy Technology Co., Ltd. (hereinafter referred to as "the company"). The subscription agreement, in order to protect the company's upstream supply of lithium resources, the company intends to strategically invest in Pilbara by way of subscription of additional shares, at a price of 0.3 Australian dollars per share, a total price of 55 million Australian dollars (to the middle of the People's Bank of China on September 3, 2019) The exchange rate conversion, equivalent to RMB 263.318 million, subscribes for its newly issued 183,333,334 ordinary shares, accounting for 8.5% of the total share capital after the completion of the current share issuance (subject to the final completion of Pilbara financing). Announcement disclosed on Juli Information Network (http://www.cninfo.com.cn) on September 4, 2019. Recently, the company received the “Notice of Filing of Overseas Investment Projects” issued by the Fujian Provincial Development and Reform Commission (闽发改外经备 [2019] No. 58), the main content of the notice: According to the “Administrative Measures for Overseas Investment of Enterprises” (National Development and Reform Commission Order No. 11), filed for the Ningde Times New Energy Technology Co., Ltd. to subscribe for the additional shares of Pilbara Minerals Co., Ltd. (Pilbara Chinese translation), project code: 2019-350000-12-03- 058635, this notice is valid for 2 years. In addition, the company received the “Enterprise Overseas Investment Certificate” issued by the Fujian Provincial Department of Commerce (National Investment Certificate No. N3500201900114). The main contents of the certificate are: The overseas investment listed by Ningde Times New Energy Technology Co., Ltd. is in line with the “Measures for the Administration of Overseas Investment”. (The Ministry of Commerce Order No. 3 of 2014), the “Enterprise Overseas Investment Certificate” is now issued; the company has not engaged in the listed overseas investment within 2 years from the date of receipt of this certificate, and the certificate is automatically invalidated. The company will pay close attention to the progress of this matter, actively promote relevant work, and strictly fulfill its information disclosure obligations in strict accordance with the provisions and requirements of relevant laws and regulations. Investors are advised to pay attention to investment risks.Special announcement.