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Recently, according to the Guangzhou Ecology and Environment Bureau, an announcement was issued regarding the acceptance of the environmental impact assessment report for the 50,000-ton lithium-ion battery cathode material manufacturing and R&D base project! It is understood that Guangzhou Rongjie Power Source Materials Co., Ltd. (hereinafter referred to as the \"construction entity\") has purchased a plot of land located in the processing and manufacturing zone of Wanqingsha Free Trade Port in Nansha District, Guangzhou, on the south side of Honglian Road and the west side of Wansin Avenue, in order to build a production and R&D facility for lithium-ion battery cathode materials (hereinafter referred to as the \"project\"). This facility will be primarily engaged in the production of lithium iron phosphate, which is used as a cathode material in lithium-ion batteries, as well as in the testing of its physical and chemical properties and the electrical performance of batteries. It is expected that 50,000 tons of lithium iron phosphate will be produced annually, along with 300,000 tests for physical and chemical properties and 10,000 tests for electrical battery performance. The project covers an area of 86,347 square meters, with a total construction area of 98,194.38 square meters. It includes 1 factory building for lithium iron phosphate production, 1 backup factory building, 1 pilot research center, as well as 1 warehouse and 1 power station. There are also 2 dormitory buildings and 2 security rooms provided as supporting facilities. The total investment for the project is 900 million yuan, of which approximately 30 million yuan is allocated to environmental protection measures. Guangzhou Rongjie Power Supply Materials Co., Ltd. was established on March 10, 2023. Its registered address is Room 029, No. 419 Qingsha Road, Dongchong Town, Nansha District, Guangzhou, and its legal representative is Zhang Jiaxiang. The business scope includes the manufacturing of special electronic materials, the sales of such materials, and the production of battery components. The major shareholder of Guangzhou Rongjie Power Supply Materials Co., Ltd. is Rongjie Co., Ltd. According to public information, Guangzhou Rongjie Power Source Materials Co., Ltd. is wholly owned by Rongjie Co., Ltd., with a shareholding ratio of 100%.