Core Viewpoint - Nanjing Public Utilities (000421.SZ) has approved an investment plan for a battery recycling project, indicating a strategic move towards sustainable energy solutions and waste management in the lithium battery sector [1] Group 1: Project Approval - The 12th Board of Directors' sixth meeting approved the proposal for the investment in the battery recycling project on October 24, 2024 [1] - The project aims to facilitate the orderly construction of retired lithium battery recycling facilities [1] Group 2: Construction and Partnerships - Nanjing Public Utilities' subsidiary, Nanjing Public Ganfeng Recycling Technology Co., Ltd. (referred to as "Public Ganfeng"), selected a construction unit through public bidding [1] - Nanjing Urban Investment Construction Engineering Co., Ltd. (referred to as "Urban Investment Construction") was awarded the contract as one of the construction units [1] - A construction agreement for the first segment of the retired lithium battery recycling project will be signed with Urban Investment Construction, with a transaction amount of 29.0561 million yuan [1]
南京公用:下属公司签署《退役锂电池综合利用项目施工一标段施工协议》