Rongjie Shareholding has declared that several proposals were deliberated upon and given the green light at the third session of its ninth board of directors. Its fully-owned subsidiary, Lanzhou Rongjie Material Technology Co., Ltd., is set to invest around 1.1 billion yuan in establishing a project aimed at annually manufacturing 50,000 tons of high-performance negative electrode materials for lithium-ion batteries in the Lanzhou New Area.
