Core Viewpoint - Xiangtan Electric Chemical announced an extension of the completion period for its "Annual Production of 30,000 Tons of Spinel Lithium Manganese Oxide Battery Material Project" from December 31, 2025, to December 31, 2026, to ensure project quality and expected outcomes [1] Group 1 - The project will involve an investment of 478 million yuan, funded through the issuance of convertible bonds to unspecified investors, aimed at increasing lithium manganese capacity [1] - The delay is attributed to the company's careful control of investment pace and resource allocation in line with technology research and customer development progress [1] - The first phase of the project, with an annual production capacity of 20,000 tons, has already been completed and put into operation, bringing the company's total lithium manganese annual capacity to 40,000 tons [1] Group 2 - The extension does not involve changes to the project implementation entity, purpose, or investment scale, and will not affect the direction of raised funds or harm shareholder interests [1] - The delay is not expected to adversely impact the company's current production and operations, aligning with the company's long-term development plan [1]
湘潭电化：部分募集资金投资项目延期