Core Viewpoint - The company has signed a joint venture agreement with Kunlun New Materials, which will lead to a reduction in its shareholding in its subsidiary, Shanli New, to 45.1546%, resulting in Shanli New no longer being included in the company's consolidated financial statements [1] Group 1: Strategic Partnership - The introduction of Kunlun New Materials as a strategic investor will enable Shanli New to leverage its high-quality customer resources and established channel advantages to penetrate the supply chain of leading battery enterprises [1] - The partnership aims to enhance the technological iteration of key materials for liquid battery electrolytes, optimize costs, and improve profitability through capital injection, technological empowerment, and market introduction [1] Group 2: Collaboration in Solid-State Batteries - Shanli New will collaborate with Kunlun New Materials' subsidiary, Kunlun Advanced, in key areas such as sulfide electrolytes and oxide electrolytes for solid-state batteries through R&D, trial production, sales, and equity investment [1] - The goal of this collaboration is to achieve strategic or business partnerships with relevant solid-state battery companies, ensuring value creation for all shareholders through industrial synergy [1]

Group 1 - The core viewpoint of the news is that Lichong Group is transferring a 36.72% stake in its subsidiary, Shanlixin, to Kunlun New Materials for a transaction price of 22,769,918.08 yuan, while also acquiring an additional 16.5% stake at zero cost, aiming to enhance the technological and market capabilities of Shanlixin in the lithium battery electrolyte sector [1][2][3] - Kunlun New Materials, established in 2004, is a leader in the lithium battery electrolyte industry, with over 20 years of technological accumulation in battery materials, and is expanding into solid electrolytes and sodium-ion battery electrolytes [1] - The strategic investment aims to facilitate the technological upgrade, market expansion, and cost optimization of Shanlixin's liquid battery electrolyte materials, while accelerating the commercialization of lithium sulfide products [1][2] Group 2 - Following the equity transfer and capital increase, Lichong Group's shareholding in Shanlixin will decrease to 45.1546%, and it will no longer be the controlling shareholder, resulting in Shanlixin being excluded from Lichong Group's consolidated financial statements [2] - Lichong Group has provided guarantees totaling 69 million yuan for Shanlixin, with a bank loan balance of 18,805.79 million yuan due by October 31, 2025, and has made arrangements to ensure that the risks associated with these guarantees and loans remain controllable [2] - The new bank credit guarantee for Shanlixin will not exceed 45 million yuan, effective for three years from the date of approval by the third extraordinary general meeting of shareholders in 2025 [3]

Core Viewpoint - The company plans to transfer a 36.72% stake in its subsidiary, Shanli New, to Kunlun New Materials for 22.7699 million yuan, while also acquiring an additional 16.5% stake at zero cost, and will invest 78.0941 million yuan for cash injection into Shanli New [1] Group 1: Transaction Details - The transaction will reduce the company's holding in Shanli New to 45.1546%, resulting in the company no longer being the controlling shareholder [1] - Shanli New will be excluded from the company's consolidated financial statements following the completion of the transaction [1] Group 2: Strategic Objectives - The introduction of strategic investor Kunlun New Materials aims to enhance Shanli New's technological upgrades, market expansion, and cost optimization through capital injection, technical collaboration, and market introduction [1] - The company intends to accelerate the business layout of Shanli New in solid-state batteries and sodium-ion batteries, and facilitate the rapid commercialization of lithium sulfide products from laboratory results [1] - The overall goal is to improve Shanli New's profitability [1]