Baoming Technology terminates 6.2 billion yuan lithium battery material project

Baoming Technology has decided to terminate the 6.2 billion yuan composite copper foil production base project in Ma'anshan City, Anhui Province. The company said that due to changes in investment plans, in order to avoid waste of project resources, after careful study and consultation with the Ningma New Functional Zone Management Committee and Ma'anshan Hengwang Industrial Park Operation Management Co., Ltd., it plans to terminate the "Project Investment and Construction Contract" and terminate the above investment project.