Securities code: 300390 securities abbreviation: Tianhua ultra-net announcement number: 2021-019
Suzhou Tianhua Ultra Clean Technology Co., Ltd
About Yibin Tianyi lithium industry kechuang Co., Ltd. signed lithium concentrate
Announcement of supplementary agreements for new supplies
I. 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” held
Yibin Tianyi Lithium Industry Co., Ltd. (hereinafter referred to as“Tianyi lithium industry”or“buyer” and Australia
Pilgangoora Operations, a subsidiary of Pilbara Minerals Limited (hereinafter referred to as“Pilbara”, is a subsidiary of Pilbara Minerals Limited (hereinafter referred to as "Pilbara").
Pty Ltd (hereinafter referred to as” POPL“or the”seller") is not responsible for the ongoing lithium concentrate sales agreement (hereinafter referred to as "POPL" or the "seller").
A supplementary agreement (hereinafter referred to as the“agreement”or the“agreement” has been signed.
The signing of this agreement is the day-to-day business activities of the company, the company, Tianyi lithium industry and Pilbara, POPL
There is no related relationship between them, does not involve related-party transactions, according to the Shenzhen Stock Exchange gem stock listing
"Rules" (revised in 2020), "guidelines for the standardized operation of companies listed on the gem of the Shenzhen Stock Exchange" (2020
The signing of this agreement does not need to be submitted to the board of directors and shareholders of the company
Consideration by the General Assembly.
(2) the background and main purpose of the signing of the agreement
In order to protect the upstream lithium concentrate resources supply of Tianyi lithium industry, in March 2020, Tianyi lithium industry and POPL signed
"Lithium concentrate sales agreement", agreed that POPL will supply lithium concentrate to Tianyi lithium industry between 2020 and 2024,
Of these, the supply will be 60,000 dry metric tons (DMT) in 2020 and 7.5 tons per year from 2021 to 2024
10,000 dry metric tons (DMT).
In order to meet the late production of Tianyi lithium industry to expand the demand for lithium concentrate, after consultation, the two sides in 2021
A supplementary agreement was signed on March 12, 2021, agreeing to add new supplies per year during the contract period from 2021 to 2024
Lithium concentrate,of which, the new supply of 10,000 dry metric tons (DMT) in the fourth quarter of 2021, 2022-2024
The company and all members of the board of directors ensure that the contents of the announcement are true, accurate and complete, and that there are no false records、
Misleading statements or material omissions
The new annual supply is 40,000 dry metric tons (DMT) per year.
(3) the basic situation of the other party to the agreement
Agreement partner nameilgangoora Operations Pty Ltd,Australia Pilbara Minerals
A subsidiary of Limited (a listed company on the Australian Stock Exchange, stock code: PLS).
2. the main content of this agreement
(1) the main body of the purchase and sale:
Buyer:Yibin Tianyi lithium industry kechuang Co., Ltd
Sellerilgangoora Operations Pty Ltd
(2) time limit for the performance of this agreement:
From the effective date of the agreement to December 31, 2024, the expiration of the period may be extended for a further 5 years.
(3) products and quantity:
POPL increased the supply of lithium concentrate to Tianyi lithium, with a new supply of 1 in the fourth quarter of 2021
The new supply will be 40,000 dry metric tons (DMT) per year from 2022 to 2024.Ben.
After the signing of the supplementary agreement, POPL from 2021 to 2024 to Tianyi lithium industry to supply lithium concentrate quantity is as follows:
Unit: dry metric tons(DMT)
2021 2022 2023 2024 total
Original agreement supply 75,000 75,000 75,000 75,000 300,000
New supply: 10,000 40,000 40,000 40,000 130,000 130,000 130,000 130,000 130,000 130,000
Total 85,000 115,000 115,000 115,000 430,000 115,000 115,000 115,000 115,000 115,000
(D) in order to support POPL to carry out production capacity upgrading projects, Tianyi lithium industry will be March 31, 2021 to
POPL paid $ 15 million in advance as part of the purchase price for the 2022-2024 contract year.
(5) other main terms refer to the contents of the original agreement.
(6) this Agreement shall enter into force from the date of signature of both parties.
Third, the impact on listed companies
The supplementary agreement signed with POPL is conducive to the protection of high-quality lithium concentrate of Tianyi lithium products in the later stages of the industry
Supply of raw materials.The implementation of this agreement has no effect on the company's operating results and performance this year, the company's main business
This agreement will not be relied upon by the performance of this agreement.
Fourth, the risk warning
This agreement is a supplement to the ongoing "lithium concentrate sales agreement", Tianyi lithium industry and the seller have been in breach of contract、
The dispute, the response measures and the attribution of responsibility in the event of force majeure, etc. are clearly specified, but in the performance of the agreement, the agreement shall not be construed as limiting the scope of the agreement.
Various problems that may arise during the implementation of this agreement may have an impact on the implementation of this Agreement, please note that the majority of investors
Investment risk.
V. documents for future reference
Supplementary agreement for the new supply of lithium concentrate.
Notice is hereby given.
Board of Directors of Suzhou Tianhua Ultra-Clean Technology Co., Ltd
March 15, 2021.
- Forums
- ASX - By Stock
- News: PLS TA&A Ultra Clean Tech's Lithium Unit To Buy Additional Mineral From Pilbara Mineral's Unit
Securities code: 300390 securities abbreviation: Tianhua...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.24 |
Change
-0.080(2.41%) |
Mkt cap ! $9.751B |
Open | High | Low | Value | Volume |
$3.26 | $3.32 | $3.23 | $83.81M | 25.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 106287 | $3.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.25 | 157742 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8540 | 3.240 |
16 | 66672 | 3.230 |
23 | 136451 | 3.220 |
21 | 122035 | 3.210 |
104 | 244078 | 3.200 |
Price($) | Vol. | No. |
---|---|---|
3.260 | 63026 | 2 |
3.270 | 100841 | 8 |
3.280 | 23658 | 6 |
3.290 | 20000 | 1 |
3.300 | 53630 | 10 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
$3.24 |
  |
Change
-0.080 ( 2.40 %) |
|||
Open | High | Low | Volume | ||
$3.27 | $3.32 | $3.23 | 21533662 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
PLS (ASX) Chart |