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| Construction of Tianneng's Recycling Economic and Industrial Zone Project |
| The recycled lead project with an annual production capacity of 150,000 tonnes is proceeding smoothly. |
| September 2010 |
Tianneng’s used lead-acid battery recycling project is included within the “Revival and Technology Reform Investment Scheme for National Major Industries” by the National Development and Reform Commission and Ministry of Industry and Information Technology under the State Council. This qualifies the project for a subsidy of [RMB] 5.6 million. |
| Late July 2011 |
The construction of all plants in Tianneng’s recycling economic and industrial zone is expected to be completed. |
| August 2011 |
Expect to begin the stage of testing equipment |
| December 2011 |
Trial production is expected to commence |
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| Construction of a 2 million KVAH motive battery project |
| January 2011 |
Construction of integrated staff facilities covering 36,000 sq m has been completed and delivered for use |
| December 2010 |
Construction of other supporting facilities including an office wing, the R&D building and a canteen have been completed with fitting out to be finished in late June 2011 |
| Late July 2011 |
Construction of a 100,000 sq m factory is expected to be completed |
| September 2011 |
Trial production is expected to commence |
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| Phase III of the production base in Shuyang and Jiangsu, including the R&D centre of the high performance green battery ([pole plate]) and the storage battery ([pole plate]) for the special vehicle project with an annual capacity of 2,420,000 KVAH. The progress timetable of Phase III is outlined below. |
| May 2010 |
Cornerstone for the R&D centre and the production plant was laid |
| November 2010 |
Outer construction of the R&D centre and the production plant was completed |
| December 2010 |
Improvement work on the area adjacent to the production plant and installation of equipment was started |
| March 2011 |
Phase III was completed and production has commenced |
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| Production capacity and completion schedule of the Fourth Production Base project at Jieshou, Anhui has been planned. |
| Phase I |
Annual production capacity of 10,000,000 batteries
Expected completion: March 2012
Expected production commencement: June 2012 |
| Phase II |
Annual production capacity of 6,600,000 batteries
Expected completion: December 2012
Expected production commencement: March 2013 |
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