Huamao Group and Trammo Inc. reached an agreement on the strategic investment cooperation resolution to promote Huamao (Rizhao) New Materials Project

On 23rd October, Shandong Huamao Holding Group and Trammo Inc. held a joint research meeting on further promoting Huamao (Rizhao) new material project strategic investment,Chairman Xu Liang attended. Trammo Inc. President and Chief Executive Officer Mr. Edward G. Weiner and Huamao Group Chairman Xu Liang reached a high degree of agreement on the strategic investment cooperation resolution of the project.

At the joint research and negotiation meeting, Both party exchanged views and reached a cooperation resolution on effectively promoting strategic investment cooperation in Huamao (Rizhao) new materials project and seeking common development .Huamao (Rizhao) new materials project is an important step in the layout of the group's new energy materials field. It is also the Group industrial chain extension concrete embodiment of the extension of the group's industrial chain. After the completion of the project, it will form an annual production capacity of 700,000 tons of anode material precursor and 300,000 tons of high-tech carbon materials ,At the same time, the comprehensive utilization of 20 MW waste heat power generation and 1.2 million tons of industrial steam is achieved.Chairman Xu Liang introduced the project from four aspects: Project overview, General planning, Project construction and Planned Achievement.Two strategic objectives of the project are elaborated:1.Combined with the Group's advantages in the field of petroleum coke import and supply ,The industrial chain has been extended and optimized . Laying a solid foundation for the future development of the group; 2. In response to the national new energy development strategy, China's new energy materials industry has been comprehensively optimized and upgraded, and deepened the extension of the industrial chain in the field of new energy materials to create greater value for customers.

Mr. Edward G. Weiner fully affirmed the Group's achievements in the field of new energy materials and other business modules, and highly recognized the Group's strong strength and reputation, and good industry development prospects to be highly recognized.At the same time, he said that through the negotiation, he has deeply felt the excellent results of industrial transformation and upgrading of the Group and the passionate development vitality. And said that Huamao (Rizhao) new materials are valued highly by Trammo Inc. Projects with high strategic investment value,The strategic investment resolution has been approved by the Investment Committee of Trammo Inc.Through this cooperation, the strategic fit between the two parties will reach a new high and better achieve common goals.