Dow deploys lithium battery materials industry

　　It is understood that Dow Technology has been actively deploying the new energy materials industry since 2016, and has successively invested and controlled Qingdao Haoxin and Jiana Energy. In 2017, Dow Technologies publicly issued convertible bonds to raise funds for the construction of the "Lepidolite Comprehensive Development and Utilization Industrialization Project", which uses lepidolite as a raw material to produce lithium carbonate. So far, Dow Technology has formed a more comprehensive industrial chain in the field of lithium battery materials.

　　[Cable Network News] On April 24, Dow Technology released an announcement to disclose that the company plans to acquire the remaining shares of its holding subsidiaries, Jana Energy and Qingdao Haoxin, at a transaction price of 1.503 billion yuan.　　 It is understood that Dow Technologies has been actively deploying the new energy materials industry since 2016, and has successively invested and controlled Qingdao Haoxin and Jiana Energy. In 2017, Dow Technologies publicly issued convertible bonds to raise funds for the construction of the "Lepidolite Comprehensive Development and Utilization Industrialization Project", which uses lepidolite as a raw material to produce lithium carbonate. So far, Dow Technology has formed a more comprehensive industrial chain in the field of lithium battery materials. In order to further enhance the control of the two subsidiaries, further optimize the allocation of internal resources, and give full play to the synergy of various businesses, after the transaction parties have reached an agreement, Dow Technology intends to purchase shares from Yuanwei Investment and New Hualian Holdings. A total of 49% of Jana Energy held by the company, the transaction price is RMB 1.323 billion; it plans to issue shares to Wang Lianchen and Dong Angang and pay cash to Wei Chen to purchase the 45% equity of Qingdao Haoxin held by him. The transaction price is RMB 180 million yuan.　　 After the completion of this transaction, Cana Energy and Qingdao Haoxin will become wholly-owned subsidiaries of Dow Technology. Dow Technology stated that this transaction is a strategic move for the company to further deepen its deployment in the new energy materials industry.