ST Baili Terminates EPC Contract with Shanxi Tewashi for 100,000-Ton Lithium Manganese Iron Phosphate Cathode Material Project

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ST Baili announced that the company and Shanxi Tewashi Energy Technology have mutually agreed to terminate the previously signed EPC contract for the design, procurement, and construction of an annual output of 100,000 tons of lithium manganese iron phosphate cathode material project. The contract was signed on January 9, 2024. Due to significant changes in the project's circumstances, continued performance is no longer practically feasible, and both parties signed a contract termination agreement on July 21, 2026. As the original contract stipulated that the project had not substantially commenced, had not been performed, and no investment had been made, there are no receivables or payables between the parties. The termination of this contract will not have a material adverse impact on the company's future expected earnings and financial position.

Impact on assets 2

Others▲ · 1 stocks
Hunan Baili Engineering Sci
603959
± MixedCapitalrelevance

Contract termination announced, but company states no material adverse impact on earnings and no financial exposure.

Others▼ · 1 stocks

Off-coverage companies 1

山西特瓦时能源科技股份有限公司Private± Mixed
relevance

Mutual termination of EPC contract; no financial impact mentioned, but project cancellation is noted.

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