Sunresin issues convertible corporate bonds to unspecified objects

Sunresin New Materials Co. Ltd.’s issuance of convertible corporate bonds to unspecified objects has been approved by the China Securities Regulatory Commission in March 2023.

The total amount of this issuance is 546.0645 million RMB. The company will use the funds obtained from this issuance to further increase production capacity, break through the company's existing production capacity bottleneck, and seize the market opportunities and meet the growing demand for lithium resources in the downstream market.

As the world's leading provider of lithium extraction technology from salt lakes, Sunresin has rich technological and project experiences in multiple industrialization projects. The funds raised from the issuance will help the company seize the major strategic opportunities thanks to the rapid development of the new energy industry, better meet customer needs, and further consolidate the company's market position and competitive advantages in the field of lithium extraction from salt lakes.

The funds will also directly help the company improve its sales and service system, support overseas business expansion, and further increase its efforts to provide DLE technologies to overseas end customers.

In the long run, Sunresin will continue to engage itself to the research and development of the adsorption and separation technologies and promote them in the field of lithium extraction from salt lakes. The company is fully committed to promoting sustainable and high-quality development using green technologies for a better and healthier world.