On June 28, Zhongkuang Resources announced its intention to undertake a significant technological transformation through its wholly-owned subsidiary, Zhongkuang Resources (Jiangxi) Lithium Co., Ltd. The plan involves upgrading the existing 25,000-ton annual capacity lithium salt production line and investing in the construction of a new high-purity lithium salt project with an annual capacity of 30,000 tons. This project is expected to require a six-month shutdown period for maintenance and technological upgrades, with a total investment amounting to 120.74 million yuan. The funds for this initiative will be sourced from Zhongkuang Lithium's internal resources or self-raised capital.