1. Acheng New Energy was established on August, 2007 1 day. Located in Yacheng Industrial Park, Xinkang Road, Ningxiang Economic and Technological Development Zone, Hunan Province, it covers a total area of 12 1 mu, with a registered capital of 30.88 million yuan and a planned total investment of 90 million yuan. We will build a production base of lithium battery cathode materials integrating R&D, production and sales. The first phase of the project officially started construction in July 2008 and was completed and put into operation in July 2009.
2. Yacheng New Energy customers include BYD, Shengfan Technology, Peking University Pioneer, Guo Xuan Hi-Tech, Samsung, Xiamen Xiahe and Hunan Shanshan first-line lithium battery manufacturers. Therefore, Yacheng New Energy is reliable.