Stock code: 300390 Stock abbreviation: Tianhua Super Clean Announcement Number: 2021-019 Suzhou Tianhua Super Clean Technology Co., Ltd. Announcement 1 on Yibin Tianyi Lithium Technology Co., Ltd.'s signing of a supplementary agreement for new supply of lithium concentrate , The basic situation of the agreement (1) The basic situation of the signing of the agreement On March 12, 2021, Suzhou Tianhua Ultra-Clean Technology Co., Ltd. (hereinafter referred to as the "Company") holding subsidiary Yibin Tianyi Lithium Science and Technology Co., Ltd. ( Hereinafter referred to as "Tianyi Lithium" or "Buyer") and Pilgangoora Operations Pty Ltd (hereinafter referred to as "POPL" or "Seller"), a subsidiary of Pilbara Minerals Limited (hereinafter referred to as "Pilbara") in Australia, on the ongoing "Lithium Refinery" "Mining Sales Agreement" (hereinafter referred to as the "original agreement") signed a supplementary agreement (hereinafter referred to as the "agreement" or "this agreement").
The signing of this agreement is the company’s daily business activities. There is no related relationship between the company, Tianyi Lithium, Pilbara, and POPL, and no related transactions are involved. According to the "Shenzhen Stock Exchange's Growth Enterprise Market Stock Listing Rules" (revised in 2020) , "Guidelines for the Standard Operation of Listed Companies on the Shenzhen Stock Exchange's Growth Enterprise Market" (revised in 2020), "Articles of Association" and other relevant regulations, the signing of this agreement does not need to be submitted to the company's board of directors and shareholders' meeting for deliberation.
(2) The background and main purpose of signing the agreement are to ensure the supply of lithium concentrate resources in the upstream of Tianyi Lithium. In March 2020, Tianyi Lithium and POPL signed the "Lithium Concentrate Sales Agreement", stipulating that POPL will be in 2020 to Supply lithium concentrate to Tianyi Lithium in 2024, of which the supply in 2020 will be 60,000 dry metric tons (DMT), and the supply from 2021 to 2024 will be 75,000 dry metric tons (DMT) per year. In order to meet the needs of Tianyi Lithium's later production expansion of lithium concentrate, after negotiation, the two parties signed a supplementary agreement on March 12, 2021, stipulating that during the contract period from 2021 to 2024, an additional supply of lithium concentrate will be provided each year.
The new supply in the fourth quarter of 2021 will be 10,000 dry metric tons (DMT). From 2022 to 2024, the company and all members of the board of directors guarantee that the content of the announcement is true, accurate, and complete, and there are no false records, misleading statements or material
The missing annual new supply is 40,000 dry metric tons (DMT) per year. (3) Basic information of the other party to the agreement The name of the other party to the agreement: Pilgangoora Operations Pty Ltd, a subsidiary of Pilbara Minerals Limited (a company listed on the Australian Stock Exchange, stock code: PLS) in Australia. 2. The main content of this agreement (1) The purchaser: Buyer: Yibin Tianyi Lithium Technology Innovation Co., Ltd. Seller: Pilgangoora Operations Pty Ltd (2) The performance period of this agreement: From the effective date of the agreement to December 31, 2024, the term can be extended for another 5 years. (3) Products and quantity: POPL will increase the supply of lithium concentrate to Tianyi Lithium. The new supply in the fourth quarter of 2021 will be 10,000 dry metric tons (DMT), and the new supply will be from 2022 to 2024. 40,000 dry metric tons (DMT) per year.
After the signing of this supplementary agreement, POPL will supply Tianyi Lithium with the following quantities of lithium concentrate from 2021 to 2024: Unit: Dry Metric Ton (DMT) 2021, 2022, 2023, and 2024, the total supply of the original agreement 75,000 75,000 75,000 75,000 300,000 Newly added supply 10,000 40,000 40,000 40,000 130,000 Total 85,000 115,000 115,000 115,000 430,000 (4) In order to support POPL to carry out capacity improvement projects, Tianyi Lithium will start March 31, 2021 A few days ago, POPL paid 15 million US dollars in advance as part of the payment for the contract year from 2022 to 2024. (5) Refer to the original agreement for other main terms. (6) This agreement shall come into effect on the date of signing by both parties. 3. Impact on listed companies
The supplementary agreement signed with POPL this time will help ensure the supply of high-quality lithium concentrate raw materials for Tianyi Lithium's later products. The performance of this agreement has no impact on the company's operating results and performance for the year, and the company's main business will not rely on it due to the performance of this agreement. 4. Risk Warning This agreement is a supplement to the "Lithium Concentrate Sales Agreement" that is being implemented.
Tianyi Lithium and the seller have made clear provisions on breach of contract, disputes, and response measures and liability attribution in the event of force majeure. Various problems that may arise during the performance of the agreement may affect the performance of this agreement. Investors are kindly requested to pay attention to investment risks. 5. Documents available for inspection Supplementary agreement for the new supply of lithium concentrate. Special announcement. The Board of Directors of Suzhou Tianhua Ultra-Clean Technology Co., Ltd. March 15, 2021
PLS Price at posting:
$1.07 Sentiment: None Disclosure: Held
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