Fengyuan shares plans to complete the annual production of 50,000 tons of iron lithium production project

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Fengyuan Co., Ltd. announced that its 2022 private placement of stock fundraising project, the "Annual Production of 50,000 Tons of Lithium Battery Lithium Iron Phosphate Positive Electrode Material Production Base Project", will be completed, and the remaining raised funds of 69.522 million yuan will be used to permanently supplement working capital.