[Rongjie Co., Ltd.: investment in the Construction of Lithium cathode Materials Project] April 27, Rongjie Co., Ltd. announced that it plans to invest 100 million yuan to set up a wholly-owned subsidiary Guangzhou Rongjie Power supply Materials Co., Ltd. Rongjie Power plans to invest and build a lithium-ion battery cathode material manufacturing and R & D base project in the processing and manufacturing block of Wanqingsha bonded Port, Nansha District, Guangzhou City. after the completion of the production base, the annual production capacity of lithium-ion battery cathode materials will be 40,000 tons. The total investment in fixed assets of the project is not less than 900 million yuan. On the same day of the announcement, Rongjie shares made a net profit of 62.088 million yuan in the first quarter, down 75.56% from the same period last year. Sales revenue from lithium salt products decreased during the reporting period.