On September 7, Chanhen and Guoxuan Holdings signed the Strategic Cooperation Framework Agreement and Investment Cooperation Agreement, which is the first step of Chanhen's transformation to new energy battery materials. On December 3rd, Chanhen and Sunwoda signed the Investment Cooperation Agreement, the two parties will focus on the whole industry chain of new energy lithium electric materials investment cooperation, marking Chanhen’s "deep transformation" to the new energy battery materials industry.

In June, Chanhen "1.5 million tons/year middle and low grade rock phosphate comprehensive utilization beneficiation plant", "300,000 tons/year pyrite sulfuric acid production facility" have been put into operation. In August, Pengyue Eco-technology’s 200,000 tons/year hemi - dihydrate wet-process phosphoric acid plant was completed and put into operation. In September, the 100,000 tons/year iron phosphate project of the joint venture between Chanhen and Gotion Group succeeded in one-time trial production. It further expanded the competitive advantage of Chanhen in the phosphorus chemical industry chain, which is an important milestone on the road of industrial upgrading and transformation.