Tianci Materials announced that the company and its subsidiary Delaware Tianci signed an “Share Purchase Agreement” with Honeywell and its subsidiary AEM. The two sides will jointly establish a joint venture to manufacture, operate and sell products such as liquid lithium hexafluorophosphate and electrolytes. The first joint venture is Texas Tianci, and Delaware Tianci will transfer 49% of its shares to Honeywell. The consideration for the transfer is estimated at US$16.66 million. The second joint venture is AEM. Delaware Tianci will subscribe for its additional shares, and the transaction consideration will be determined through separate negotiations. Honeywell holds 51% and Delaware Tianci holds 49%. AEM will build a project with an annual output of 100,000 tons of liquid lithium hexafluorophosphate, with an estimated total investment of 400 million US dollars.

Tianci Materials announced that the company and its subsidiary Delaware Tianci signed an “Share Purchase Agreement” with Honeywell and its subsidiary AEM. The two sides will jointly establish a joint venture to manufacture, operate and sell products such as liquid lithium hexafluorophosphate and electrolytes. The first joint venture is Texas Tianci, and Delaware Tianci will transfer 49% of its shares to Honeywell. The consideration for the transfer is estimated at US$16.66 million. The second joint venture is AEM. Delaware Tianci will subscribe for its additional shares, and the transaction consideration will be determined through separate negotiations. Honeywell holds 51% and Delaware Tianci holds 49%. AEM will build a project with an annual output of 100,000 tons of liquid lithium hexafluorophosphate, with an estimated total investment of 400 million US dollars.