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Indonesia Shengtuo Lithium Energy Co., Ltd.

Indonesia Shengtuo Lithium Energy Co., Ltd. (English name PT. ChengTok Lithium Indonesia) is a wholly-owned subsidiary of the company, Shengxin Lithium Energy International and STELLAR INVESTMENT PTE. LTD. As a joint venture, Shengxin International holds 65% of the joint venture. The project is located in Morovali Industrial Park (IMIP), Morovali County, Central Sulawesi Province, Indonesia. The total planning of the project is 60000 tons of lithium salt products, with a total investment of about US $0.35 billion. The project is currently under construction and is expected to be completed and put into operation in 2023.