On September 23, Kaisheng New Materials answered on an interactive platform that since the new energy industry is in an adjustment period, lithium battery technology updates and iterations are frequent, and the market changes greatly, in order to avoid waste of resources, reduce production and operation costs of enterprises, improve the efficiency of the use of capital raised, and maintain the long-term interests of the company and shareholders, after careful verification, the company has decided to suspend the implementation of the “10,000 tons/year new lithium salt project for lithium batteries”.

On September 23, Kaisheng New Materials answered on an interactive platform that since the new energy industry is in an adjustment period, lithium battery technology updates and iterations are frequent, and the market changes greatly, in order to avoid waste of resources, reduce production and operation costs of enterprises, improve the efficiency of the use of capital raised, and maintain the long-term interests of the company and shareholders, after careful verification, the company has decided to suspend the implementation of the “10,000 tons/year new lithium salt project for lithium batteries”.