Sinomine invests in lithium salt upgrade, announces dividend

Sinomine Resource Group (SZSE:002738) is investing CNY 120.7 million in a technology upgrade project to enhance its lithium salt production capabilities. The project will focus on upgrading its 25,000-ton lithium salt production line to a 30,000-ton high-purity lithium salt line at its subsidiary, Zhongkuang Lithium (Jiangxi) Co., Ltd. The upgrade aims to lower production costs, promote intelligent manufacturing, and advance green and low-carbon practices. Production is expected to halt for six months starting June 27, 2025, for the upgrade. Concurrently, Sinomine announced its 2024 annual equity distribution plan, granting shareholders CNY 5.00 per 10 shares, totaling CNY 360.7 million. The equity registration date is set for July 3, 2025, with the ex-rights date on July 4, 2025. This dividend distribution demonstrates Sinomine's commitment to shareholder returns while strategically investing in its core lithium business.