Tinci Materials invests in lithium-ion battery material production and sales business in Morocco

Tinci Materials plans to invest in the establishment of a wholly-owned Moroccan management company in Singapore through its wholly-owned subsidiary. At the same time, the Moroccan management company will invest in the establishment of a wholly-owned Moroccan entity company to engage in the production and sales of lithium-ion battery materials. The total investment will not exceed US$280 million.