Jinbo Shares Signs Long-Term Carbon-Based Composite Product Supply Agreement With Baotou Metco

PVTIME – On September 9, Hunan Jinbo Carbon Co., Ltd. (hereinafter referred to as “Jinbo Shares”) and Baotou Metco Silicon Energy Co., Ltd. (hereinafter referred to as “Baotou Metco”) signed a long-term cooperation framework agreement in order to further utilize the respective professional advantages of the two parties in the industrial chain.

Jinbo Shares crucible (Source: Jinbo Shares)

The two parties agreed that from the date of signing and sealing the agreement to December 31, 2023, Baotou Metco and its affiliates will purchase carbon-based composite products from Jinbo Shares. Based on the procurement demand forecast of Baotou Metco and its affiliates, the estimated total amount of the agreement is approximately RMB 400 million yuan (tax included) and the final sales amount will be subject to the specific purchase order.

The procurement and supply matters between the buyer and the Seller shall be carried out in accordance with this agreement until its dissolution or termination. If both parties need to continue cooperation after the expiration of the agreement, relevant agreements shall be signed separately.