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 China Sun Group High-Tech (PINK:CSGH)

 Huanyu Group / Dynamic Lithium Battery Materials Options · View  
CazadorSiglo21 - Wednesday, May 25, 2011 10:59 AM


These words are used in both companies' language, so unless there's a well coordinated conspiracy between them, I have to consider this strong circumstantial evidence CSGH is for real.

 



Item 1.01.  Entry into a Material Definitive Agreement.


 


On November 30, 2010, Dalian Xinyang High-Tech Development Co., Ltd., a wholly owned subsidiary of China Sun Group High-Tech Co., or the Company, entered into a 2011 Supply Agreement for Dynamic Lithium Battery Materials, or the Supply Agreement, with Henan Huanyu Sai Er New Energy Technology Co., Ltd., or Huanyu.  Pursuant to the terms of the Supply Agreement, we agreed to supply a minimum of 470 tons of lithium iron phosphate materials to Huanyu during the 2011 calendar year as follows:


 


















January-February 

 25T/month

March-June

 35T/month

July-December 

 50T/month



 


The purchase price of the lithium iron phosphate materials and other relevant commercial terms and conditions will be determined by the parties on a monthly basis.


 


From time to time during the term, the parties will conduct product demonstrations and seminars for the purpose of improving manufacturing techniques and production processes.  We also agreed to make available to Huanyu our technical engineering staff to assist in resolving any production related matters that may arise during the term.


 


The foregoing is not a complete summary of the terms of the Supply Agreement with Huanyu described in this Item 1.01 and reference is made to the complete text of the Supply Agreement attached hereto as Exhibit 10.1, which is incorporated herein by reference.


 


Item 9.01.  Financial Statements and Exhibits


 


(d) Exhibits


 






















Exhibit No.


 


Description


 

 

 


10.1


 


2011 Supply Agreement for Dynamic Lithium Battery Materials dated November 2010, by and between Dalian Xinyang High-Tech Development Co., Ltd. and Henan Huanyu Sai Er New Energy Technology Co., Ltd.




 


 


 


Complete filing: http://www.faqs.org/sec-filings/101203/CHINA-SUN-GROUP-HIGH-TECH-CO_8-K/#ixzz1NNJv4wnG



Update:


The Company began LIP production in Oct 2009 and now has 500 tons per annum of production capacity in place from 3 production lines.  The Company has provided samples of LIP to approximately 32 Lithium Ion battery manufacturers and has received one major contract to date from Henan Huanyu Sai Er New Energy Technology Co., Ltd. for approximately 470 tons per annum and 7 smaller contracts from additional customers.



 



The Company is in the process of adding two more lines that will increase LIP capacity to more than 1000 tons per annum in December 2011 and the Company anticipates that the first line will be in set up phase in March, testing and initial production phase in April and fully operational before the end of May 2011.



http://finance.yahoo.com/news/China-Sun-Group-HighTech-Co-prnews-4254886790.html?x=0&.v=1





































Briefing




 











 


Henan Huanyu Group, under the umbrella of Henan Huanyu Industrial Investment Co. Ltd., was set up by more than a dozen independent industrial companies. Oriented towards and guided by broad international and domestic trade and market network, Huanyu is running a high tech enterprise group taking rechargeable battery as its base industry and the accessory industries auxiliary boosting means, while incorporating industrial investment, capital operation, scientific research and development, industry, trading and business development.



 



As the sole company among the domestic competitors for rechargeable battery, Henan Huanyu Group can produce a chain of integrated industrial products, ranging from active material for anode and cathode, isolating material, all kinds of additive material, material for polarity grids, battery container, cover, till plastic and hardware components, electrical components and related battery manufacturing equipment. Its overwhelming advantage in technique, quality, price and scale has made an extraordinary developing possibility lying ahead.



 



Since its establishment, Henan Huanyu Group has been maintaining its vigorous expansion trend by an amazing annual developing rate of 50 percent.



 



Huanyu Group has more than 5000 employees and two industrial premises of 300,000 square meters. Its total asset comes to as much as RMB 700 million and yearly sale value RMB 800 million that enables the foreign currency income amounted to USD 20 million.



 



Henan Huangyu Group, continuously granted by the government as faithful enterprise who can fulfill their contract promises and credited as " AAA " by the Bank, has always been the example to be followed by other local companies in business operating and taxpaying.







http://www.huanyugroup.com.cn/old/html_en/group/







Henan Hypercell Energy & Technology Co., Ltd



Henan Hypercell Energy & Technology Co., Ltd is one industrial company under Huanyu Group's devoted to developing the third generation of rechargeable battery - lithium ion battery





Henan Hypercell Energy & Technology Co., Ltd is registered with a capital of RMB 23 million and a total asset of RMB 60 million. Its daily output of lithium ion batteries for communication reaches 100 thousand cells and annual sales value nearing RMB 200 million.



Set up under the construction of the modern enterprise system and standardized corporate administration from Huanyu Group and under the Group's main development target, Henan Hypercell Energy & Technology. Ltd. is one of the new high tech enterprises that is incorporating capital, professional high tech techniques and manpower in its quest to be the leader in its field.



The product quality of Henan Hypercell Energy & Technology Co., Ltd is largely approved and accepted by the corresponding domestic and international enterprises. Rechargeable batteries, such as cylindrical lithium ion battery, dynamic lithium ion battery and lithium-polymer which are widely used in the communication industry and high power electrical appliances, are now in the process of researching, developing, testing and industrializing. The lithium ion battery industry is now becoming a new increasing point for the industrial development of Henan Huanyu Group.



http://www.huanyugroup.com.cn/old/html_en/group/



These guys seem to be the Real McCoy:



Translated website from Chinese:

http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.huanyugroup.com.cn%2Fold%2Fgroup%2F





Cazador


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