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Aaron Chevalier*, Daniel-Adriano Silva*, Gabriel J. Rocklin*, Derrick R. Hicks, Renan Vergara, Patience Murapa, Steffen M. Bernard, Lu Zhang, Kwok-Ho Lam, Guorui Yao, Christopher D. Bahl, Shin-Ichiro Miyashita, Inna Goreshnik, James T. Fuller, Merika T. Koday, Cody M. Jenkins, Tom Colvin, Lauren Carter, Alan Bohn, Cassie M. Bryan, D. Alejandro Fernández-Velasco, Lance Stewart, Min Dong, Xuhui Huang, Rongsheng Jin, Ian A. Wilson, Deborah H. Fuller& David Baker.

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SMM9 March 28: today, Nanjing Rongsheng League Guli New Energy Technology Co., Ltd. solemnly held the opening ceremony of the annual 30GWh power battery project.

Rongsheng League Gouli New Energy Technology Co., Ltd. (referred to as "Rongsheng League Gouli") was established in May 2002. It is a high-tech enterprise specializing in the research, development and industrialization of lithium-ion power batteries for new energy vehicles, lithium-ion batteries for energy storage and key materials for lithium-ion batteries. It is the first power battery enterprise in the world to realize large-scale production and market-oriented application of large-capacity manganese lithium-ion batteries.

In order to promote the rapid, healthy and sustainable development of new energy vehicles as a strategic emerging industry, and adhere to the road of independent research and development, after more than ten years of unremitting efforts, Gouli of Rongsheng League has actively responded to the call of the national policy to promote the rapid, healthy and sustainable development of new energy vehicles, and has formed a core technology system with fully independent intellectual property rights. Manganese ternary lithium ion power battery and lithium titanate high power battery with excellent rate performance, long cycle life and reliable safety performance have been successfully developed, which have been widely used in the field of electric new energy vehicles in China. The market has been distributed all over the country.

The main products of Rongsheng League Couli are passenger car battery, bus battery, special vehicle battery, aircraft battery, energy storage battery and so on.

In terms of passenger car batteries, Rongsheng League Guri has reached in-depth cooperation with SAIC GM Wuling, Chery and BAIC New Energy to provide high-quality new energy passenger vehicle power lithium battery products.

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On January 4, 2022, Rongsheng Environmental Protection and Quanjiao County Government of Anhui Province signed a strategic cooperation framework agreement, planning to invest in the construction of an annual production of 1.3 million tons of recycled environmentally friendly paper and new energy comprehensive utilization projects, with a total investment of about 10.5 billion yuan. The construction content includes an annual output of 1.3 million tons of recycled environmentally friendly paper, biomass heat and power cogeneration (an annual processing of 500,000 tons of straw), photovoltaic product R&D and manufacturing, 1GW distributed photovoltaic power station and other operations and management, and supporting the comprehensive utilization of industrial solid waste resources Projects, environmental protection water treatment projects.

Secretary of the Municipal Party Committee Xu Jiwei, Deputy Secretary of the Municipal Party Committee and Mayor Wu Jin, Director of the Municipal People’s Congress Standing Committee Wang Tuqiang, Member of the Municipal Party Group Liu Maosong and Quanjiao County Party Secretary Yang Guang, Deputy Secretary of the County Party Committee and County Mayor Tang Yu; Zhejiang Rongsheng Environmental Paper Co., Ltd. The chairman and general manager Feng Ronghua of the company attended the signing ceremony and witnessed the signing together.

Feng Ronghua said that standing on a new journey and a new starting point, Rong Sheng came to investigate with his dreams. Chuzhou has a good development trend. Quanjiao is a land full of vigor and great potential for development; Rong Sheng invests with his feelings, Quanjiao With a superior investment environment, the business environment service brand of "Ting Satisfaction and Full Comfort" has strengthened Rongsheng"s confidence in investment and development. This project is settled in Quanjiao, Rongsheng people will be political, keep the original aspiration, adhere to green and low-carbon development; emphasize responsibility, strive to be the first, adhere to digital and intelligent development; emphasize innovation, create brand, adhere to high-level, high-quality development , To contribute to the promotion of local economic development Rongsheng strength! This investment project aims to use the "three wastes" as resources to create green GDP, namely: urban domestic sewage is used as the company"s production water; waste paper is used as the company"s raw material for paper; and waste straw and tree branches are used as central heating energy materials. Rongsheng people have always adhered to the corporate culture of "the soul of the army helps the enterprise, the talents develop the enterprise, and the party builds a strong enterprise", adheres to the people-oriented approach, and contributes to the high-quality development of the enterprise.

Zhejiang Rongsheng Environmental Paper Co., Ltd. was founded in 1980 and successfully logged on the main board of the Shanghai Stock Exchange in 2017. In 2019, China"s listed companies ranked 52 in terms of comprehensive competitiveness. After more than 40 years of development, five major sectors have been formed: ecological papermaking, environmentally friendly thermal power, green packaging, industrial investment, and new energy and new materials. The main products are high-grade kraft linerboard, high-strength corrugated paper, high-density paperboard, e-commerce paperboard, functional carton, electricity, steam, etc. The annual production capacity of ecological paper is 600,000 tons; the annual production of green packaging is 150 million square meters of cardboard. Introduce high-end talents at home and abroad, actively carry out technical cooperation with Zhejiang University, Zhejiang University of Science and Technology, Shaanxi University of Science and Technology, and explore the establishment of a production-university-research system. There are more than 100 authorized patents, and it has successively obtained national-level green factories and Zhejiang Province Advanced unit of platoon work, Zhejiang Industrial Circular Economy Demonstration Enterprise, Zhejiang Papermaking Quality and Credit Double Excellent Enterprise, Top Ten Excellent Enterprise of Jiaxing City Listed Company. The chairman of the company Feng Ronghua is a leading talent in science and technology entrepreneurship under the National "Ten Thousand Talents Plan". He serves as the vice chairman of the fourth council of the Paper Chamber of Commerce of the All-China Federation of Industry and Commerce, the standing director of the China Paper Association, and the standing director of the Zhejiang Paper Association (Society). Star entrepreneurs in Pinghu City, meritorious entrepreneurs in Pinghu City. Editor/Sang Xiaomei

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[Press Release]China Rongsheng Heavy Industries Secures Shipbuilding Contracts from Three Ship Owners* * * *Enhances Functions of the Vessel Models and Captures the GreenTrend in the MarketStrong Capability to Secure New Orders with Immense GrowthPotential

(3 July 2011, Hong Kong) – China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng Heavy Industries” or the “Group”; stock code: 01101.HK), a large heavy industries group in China, is pleased to announce that it has secured large orders from three renowned shipowners in Europe recently, including four

6600-TEU containerships and ten 205,000-tonne bulk carriers.Mr Chen Qiang, Chief Executive Officer and Executive Director of China Rongsheng Heavy Industries, said, “We have secured the highest number of new orders in the country and the world’s fifth highest number of orders in hand since the end of 2010. Following the order[s] valued at USD400 million secured in the first quarter this year, we have secured several additional large orders which have notably increased the total amount of our orders in hand. These orders are sufficient to support our development in the coming few years, forming a solid foundation for our future growth. The signing of the contracts has increased the amount of new orders of the Group in the first half of the year to more than USD1.3 billion and further rationalised our order structure”.

At the same time, China Rongsheng Heavy Industries has signed contracts with two other European ship owners to provide each with two 6600-TEU containerships [respectively]. Adopting a new generation design, the 6600TEU containerships reduce the speed from 25 kn to 21 kn as well as [ballast capacity], thus saving oil consumption and lowering transportation cost.

Despite the slowdown in the global shipbuilding industry in the first half of the year, China Rongsheng Heavy Industries has stood out among its peers in the volume of new orders it has secured. This year, the Group has signed contracts with Golden Union, a well-known international shipowner, for provision of two Panamax bulk carriers in January, and 2+2 of these carriers in May. Founded in 1977, Golden Union is well-known for operating bulk carriers. Currently, Golden Union has more than 20 ships in its fleet, thus making it the leader in the dry bulk carrier transportation [industry] in Greece.

Established in 2005, China Rongsheng Heavy Industries advanced to become a market leader in the Chinese shipbuilding industry within five years. According to Clarkson Research, China Rongsheng Heavy Industries was the second largest shipbuilder and the largest privately-owned shipbuilder in the PRC in terms of total order book measured by DWT as of end of 2010, and had the largest shipyard in the PRC. China Rongsheng Heavy Industries was also a global leader in manufacture of VLOCs of over 400,000 DWT. Headquartered in Hong Kong and Shanghai, China Rongsheng Heavy Industries has production facilities in Nantong of Jiangsu Province and Hefei of Anhui Province. Currently, China Rongsheng Heavy Industries’ business spans four segments: shipbuilding, offshore engineering, marine engine building and engineering machinery. Rongsheng products include bulk carriers, crude oil tankers, containerships, offshore engineering products, low-speed marine diesel engines and small to mid-size excavators for construction and mining uses. It has established strategic cooperations with renowned international classification societies including DNV, ABS, LR, GL and CCS, and has built a customer base including enterprises such as CNOOC, Vale, Geden Line, Cardiff Marine Inc., MSFL and Frontline Ltd. The Group’s products have been sold to 11 countries and regions including Turkey, Norway, Germany, Brazil, Singapore and China.For press enquiries:Strategic Financial Relations (China) LimitedMs. Anita CheungTel: (852) 2864 4827Email: anita.cheung@sprg.com.hk

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Samsung is diversifying from microchips into pharmaceuticals. LG Electronics is branching out from refrigerators into waste water treatment. Under pressure from Chinese shipyards like Rongsheng and Yangzijiang, Korea’s Hyundai Heavy Industries, the world’s biggest shipbuilder, is broadening its portfolio into offshore oil facilities, solar power and wind turbines

“They are strong when they can turn their business into the production of a commodity,” says Chang Sea-jin, professor at the National University of Singapore.