Yahua Group: Signs a Five-Year Lithium Spodumene Concentrate Procurement Agreement

Yahua Group (002497) announced on March 25th that recently the company signed a Purchase and Sale Agreement with MGLIT EMPREENDIMENTOS LTDA (referred to as “MGLIT” or “Seller”). Yahua Group will purchase spodumene concentrate from MGLIT within five years after stable production begins. Each contract year, the seller shall sell and deliver at least 120,000 dry metric tons of spodumene concentrate to Yahua Group. The signing of this agreement will provide the company with multiple resource channels to support lithium salt product production.

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