2023.02.10
JunHe recently advised Ningxia Hanyao Lithium Technology Co., Ltd. (“Ningxia Hanyao” or the “Company”) on its RMB 650 million series B and B+ financings (the “Project”). JunHe was the companies exclusive legal counsel and the investors included CITIC Goldstone, Aplus, Shenyinwanguo Investment and Shenyinwanguo Innovation.
Ningxia Hanyao is the only company in China that can carry out mass sales of lithium-rich manganese-based cathode materials, and it is also one of the very few high-tech companies with mass production capacities for lithium-rich manganese-based precursors and cathode materials. Its main products are low-cobalt ternary cathode and lithium-rich manganese-based cathode materials, which are mainly used in power, consumer goods and energy storage. The technical team of Ningxia Hanyao was the first in China to develop and industrialize lithium-rich manganese-based cathode materials. Relying on its key technologies and innovation skills, it solved various performance bottlenecks such as low initial coulombic efficiency and serious voltage attenuation and took the lead in the mass production of lithium-rich manganese-based cathode materials. The Company has explored the application of lithium-rich manganese-based products in various fields and has successfully become a supplier to many tier-1 customers in China, which reflects its outstanding technical capabilities.
The Project schedule was very tight, and JunHe’s team communicated and coordinated the deal structure, transaction documents and closing arrangements with the investors. With its vast experience in listing and financing projects and professional and rigorous legal services, JunHe assisted the Company to complete the signing and closing of the Project and will continue to provide services for its subsequent financing and listing.
The Project was co-led by WANG, Yi, LI, Ruochen, SHANG, Shiming (George) and HE, Tingcai (Lawrence HO).
