SUNSTONE(SH:603612) Ge Long Hui A P P·2025-12-16 00:55Core Viewpoint - The company, Suotong Development, has signed a joint venture agreement with EGA to establish a company in the UAE for a 300kt/a prebaked anode project, with a total estimated investment of up to $295 million (approximately 2.084 billion RMB) [1] Group 1: Joint Venture Details - The company will invest approximately $162.25 million (about 1.146 billion RMB) in cash into the joint venture, holding a 55% stake [1] - The funding sources for the investment include self-owned funds of about 460 million RMB and bank loans, with the investment being made through overseas investment filing (ODI) [1] Group 2: Strategic Importance - This joint venture project is a significant step for the company in expanding its production capacity overseas and aligns with the "Belt and Road" initiative [1] - The UAE government is actively promoting this cooperation, and successful implementation of the project could serve as a model for collaboration between China and the UAE [1] - Upon production, the products will not only supply EGA but also target the Middle East and European electrolytic aluminum markets, aligning with the company's strategic planning and long-term interests [1]