Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

Eon JV with Synthetic Zirconium Giant


Stock code: 300328 Securities abbreviation: Eontec
Announcement No.: 2019-058 Eontec, Ltd.
Announcement on Signing a Framework Agreement for Cooperative Investment

The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the information disclosure, and there is no false record. Misleading statements or major omissions.

Special Note:

1. This agreement is only a framework agreement for cooperative investment, and belongs to the framework of the willingness and basic principles of cooperation between the parties. The intentional agreement, the specific implementation of the follow-up business cooperation will be subject to a separate formal cooperation agreement. this There are still uncertainties in the implementation of the agreement, and investors are advised to pay attention to investment risks.

2. This agreement is a framework agreement, and the impact on the company's 2019 annual operating results will be subject to the agreement. The signing and implementation of the physical cooperation agreement.

3. This Agreement does not constitute a connected transaction, nor does it constitute a provision for the Measures for the Administration of Major Asset Restructuring of Listed Companies. Major asset restructuring.

4. Progress of the framework agreement signed by the company in the last three years
The name of the framework agreement disclosed in the last three years
Date of disclosure
The progress

1 "Eontec and Zhongyue Amorphous Strategy Cooperation Framework Agreement"
February 8, 2018
The two sides did not reach a cooperation In agreement, cooperation has been terminated.
2 "Eontec and China Auto Parts Workers Industry Co., Ltd. Strategic Cooperation Framework Agreement
August 13, 2018
In normal performance, not yet signed Formal cooperation agreement.
3 "Shenzhen Shenke Special (Qingxi Section) Cooperation Framework Agreement
December 19, 2018
In normal performance, not yet signed Formal cooperation agreement.
4 "Eontec Liquid Metal Project Investment Box Agreement July 22, 2019
In normal performance, not yet signed Relevant formal agreement.

I. Basic information of this agreement

(1) Signing of this agreement In order to play Eontec Ltd. (hereinafter referred to as "Eontec" or "Company" or "Party B") and Sanxiang New Materials Co., Ltd. (hereinafter referred to as “Sanxiang New Materials” or “Party A”) have their respective advantages and specialties, Rapid advancement of liquid metal in China for industrialization and high-volume applications, friendly negotiation between Party A and Party B on August 9, 2019 Signed the cooperation framework agreement of Sanxiang New Material Co., Ltd. and Eontec, Ltd. Discussion (hereinafter referred to as "this agreement"). This agreement is only a framework agreement, according to the "Articles of Association" and other relevant provisions, no need to submit to the company's board of directors or Review at the shareholders meeting. The company will be based on the "Shenzhen Stock Exchange GEM stocks after the specific cooperation matters are clear. The requirements of laws and regulations and regulatory documents such as the City Rules and the Articles of Association, and the corresponding decision-making and disclosure procedures sequence.

(2) The situation of the other party to this agreement
1. Name: Sanxiang New Material Co., Ltd.
2. Registered capital: RMB 189,991,704
3. Legal representative: Xia Peng
4. Residence: No. 292, Jiefang Street, Shouning County, Fujian Province
5. Date of establishment: August 24, 1991
6, business scope: zirconium series products, single crystal corundum advanced abrasive materials, casting core wire and related products, Micro-silica powder; used in architectural ceramics, functional ceramics, ceramic pigments, abrasives, castings and other refractory materials, etc. Production and research and development of chemical products (excluding chemical dangerous goods); industrial materials technology testing and services (no restrictions Class, can only be carried out after obtaining the accreditation certificate; wholesale of related products.) (The above import and export of goods does not involve state trade Yi, the products involved in the management of quota licenses shall be applied in accordance with the relevant provisions of the State, and the production and operation shall not include national restrictions. Prohibited species)

There is no relationship between Eontec and Sanxiang New Materials.

Second, the main content of this agreement

(1) Cooperative entities
Party A: Sanxiang New Material Co., Ltd.
Party B: Eontec, Ltd.

(2) Cooperation content

1. Amorphous alloy (liquid metal) project, the total investment of the project is 600 million yuan, Party A, Party B intends to jointly invest in 60%: 40%; the project is divided into three phases, of which the first phase of investment is 2 100 million yuan, Party A (including holding subsidiaries) investment 60%, Party B (including holding subsidiaries) investment 40%.

2. The investment is the first phase of the investment project of the amorphous alloy project, which is calculated by Party A and Party B at a ratio of 60%: 40%. Investment, in which Party A invested 120 million yuan and Party B invested 80 million yuan. The capital contribution is cash or both parties. Other ways of mutual recognition.

3. In this investment, the specific methods, such as the way, progress, conditions, and division of labor of Party A and Party B, will ultimately The formal agreement signed shall prevail.

(3) This Agreement shall have legal effect from the date on which both Party A and Party B sign the seal.

Third, the impact on the company

Amorphous alloy (liquid metal) has excellent soft magnetic properties, corrosion resistance, high elasticity, high strength, high hardness, Wear-resistant and other properties have a good market prospect. At present, zirconium-based amorphous alloys are practically applied on the market. One of the main amorphous alloys.

Eontec is a national high-tech specialized in research, development, design, production and sales of new materials. Enterprise, the leading new material company in China. Liquid metal, biodegradable medical magnesium alloy, new energy automotive products For the company's three key sectors of the business. Eontec, as an enterprise that develops liquid metal earlier in the industry, owns the world's largest production line for zirconium-based amorphous alloys, producing amorphous alloy equipment and refining materials. Mold manufacturing, precision machining and surface treatment capabilities, with mature production technology and technology of amorphous alloys, enjoy all the technologies and patents of non-crystal alloy production, the technology level is the world leader, and can be directed to Sanxiang New Materials and its subsidiaries. The company legally grants the right to use intellectual property rights related to patents, technologies and processes.

Sanxiang New Materials has the advantages in technology, process and experience in fused production and alloy formulation development. The largest sponge zirconium production base provides high quality raw material support for amorphous alloy projects.

This cooperation is conducive to making full use of the resources and advantages of all parties, strengthening alliances and promoting liquid metal faster. The country's industrialization and high-volume applications, further enlarge and strengthen the Eontec liquid metal industry, in line with the company's development strategy.

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Note this JV, Eon will become minority partnership of 40%

http://www.fjsx.com/en/proshow.aspx?cateid=163&productsid=25

http://www.fjsx.com/en/videoshow.aspx?Cateid=141&newsid=587
This is a company that has China president personal visit
Check 1:38 of video