Suining Chengxin Lithium Industry Co., Ltd. is a holding subsidiary of the company. It was established in July 2019. It is located in the Lithium High-tech Industrial Park of Shehong Economic Development Zone, Sichuan. It has a registered capital of 250 million yuan. It is a lithium battery new material producer integrating research and development, production and sales of lithium hydroxide, and is regarded as one of the key enterprise supported by local government. Suining Chengxin's designed production capacity is 30,000 tons of lithium salt per year, and the first phase of the 20,000 tons of lithium hydroxide project has started construction at the end of 2020.