Far East Foster New Energy Co., Ltd. (abbreviation:Foster）The signing ceremony of the "3G watt-hour high-energy-density power energy storage lithium battery research and development and industrialization project" was held in Jiangxi Yichun Economic and Technological Development Zone Foster Industrial Park. Deng Baosheng, Secretary of the Yichun Municipal Party Committee, Zhang Xiaoping, Deputy Secretary of the Yichun Municipal Party Committee and Mayor, the main leaders and related leaders of the four groups of the city, the head of the municipal organs, and Ying Qinjin, Secretary of the Party Working Committee and Director of the Management Committee of Yichun Economic Development Zone, etc. More than 300 guests from the district's main leaders and representatives of enterprises in the park attended the signing ceremony. Jiang Chengzhi, director of Far East Holding Group, Far East Smart Energy Co., Ltd. (abbreviation: Smart Energy stock code: 600869), and Foster chairman Jiang Chengzhi spoke as the representative of the contracted enterprise, and Cai Dong, director of Smart Energy and general manager of Foster , Foster Vice Chairman Cai Daoguo, Foster senior leaders and representatives of nine banks attended the signing ceremony. The signing ceremony was presided over by Zhang Jialiang, Deputy Mayor of Yichun City.

Jiang Chengzhi, director of Far East Holding Group, chairman of Smart Energy, and chairman of Foster, made a speech on the podium. He first thanked the municipal party committee, municipal government, development zone government and departments at all levels for their continuous concern and support for Foster. Then it reported the construction scale, technical advantages and long-term development plan of the "3G watt-hour high-energy density power energy storage lithium battery research and development and industrialization project" signed by Foster this time.

Jiang Chengzhi pointed out that for many years, Far East has adhered to the development strategy of "main business + investment", and Smart Energy is committed to becoming a smart energy expert, the world's leading smart energy and smart city system service provider. Foster is a wholly-owned subsidiary of Smart Energy. It is a leading lithium battery enterprise specializing in the integration of production and sales of lithium batteries and power batteries. The production and sales scale of 18650 lithium batteries ranks first in China and third in the world. New energy vehicle manufacturers such as Zotye, Chery, and Shaanxi Automobile Tongjia have sold nearly 40,000 sets of power batteries, and have successfully entered the enterprise catalog of the Ministry of Industry and Information Technology "Automotive Power Battery Industry Standard Conditions", and are the key support objects of the national new energy vehicle industry policy.

A consensus was reached through friendly consultations with Yichun Municipal Party Committee and Government, Development Zone Management Committee, and Smart Energy. This time, with a total investment of 4 billion yuan from Smart Energy, Foster’s “R&D and industrialization project of 3G watt-hour high-energy-density power storage lithium batteries” will be built in Yichun Economic Development Zone, and new factories, warehouses, office buildings and The supporting facilities are more than 200,000 square meters, and 6 internationally technologically advanced automated and intelligent power battery production lines have been built. Foster makes full use of the company's 18650 lithium battery leader's resources and advantages in the new energy vehicle industry chain, and integrates international innovative technologies and talent teams for common development, and cooperates with Detroit Electric Vehicle Company to improve the layout of the upstream and downstream industry chain, and promote the company to become an advanced New energy vehicle power systems and energy suppliers to improve core competitiveness and promote the company’s long-term sustainable development. The project will be completed within 3 years and reach production standards. Foster's 18650 lithium battery production capacity will exceed 6G watt-hours, with an output value of more than 10 billion yuan, realizing Yichun's goal of a 10 billion lithium battery enterprise. Through the development of this project, Foster will comprehensively promote the development of Yichun and surrounding lithium battery-related industrial clusters, and eventually build the "Lithium Capital of Asia" Yichun into a world-class influential lithium battery industry base.

Subsequently, Zhang Xiaoping, deputy secretary of the Yichun Municipal Party Committee and Mayor, delivered a speech at the signing ceremony. He pointed out that our city is rich in lithium resources and has formed a good foundation for industrial development. The city's aggressive attack on the industry's first industry has become the consensus of the whole city. It is being vigorously promoted. Enterprises must strengthen their confidence in the development of the lithium battery industry in Yichun. On the basis of compliance with laws, regulations and relevant national policies, combined with Yichun's actual situation, formulate high-gold industrial support policies, and give enterprises strong support in industrial development, technological innovation, land security, and financial services. Enterprises must be bigger and stronger. We must dare to let go of our hands and feet, overcome difficulties, be market-oriented, increase investment in scientific and technological research and development, enhance independent innovation capabilities, focus on brand cultivation, and enhance corporate core competitiveness. Deng Baosheng, secretary of the Yichun Municipal Party Committee, announced the start of the contracted project.