Nord shares intends to acquire the remaining equity of Hubei Nord Lithium Battery to strengthen its production capacity advantage

Nord shares plans to acquire the remaining 37.50% equity of Hubei Nord Lithium Battery by issuing shares. This move is aimed at strengthening the company's management and control over Hubei Nord Lithium Battery, improving operational efficiency, and further enhancing its overall competitiveness and profitability. Hubei Nord Lithium Battery's production base in Huangshi has a designed production capacity of 100,000 tons, mainly relying on the construction of Hubei Nord Lithium Battery, and has a large space for capacity release.