With the approval of the China Securities Regulatory Commission, China Mineral Resources Exploration Co., Ltd. (hereinafter referred to as China Mineral Resources) and Jiangxi Dongpeng New Materials Co., Ltd. (hereinafter referred to as Dongpeng New Materials) completed the completion of the merger and acquisition of assets, and Dongpeng New Materials officially became A wholly-owned subsidiary of China Mineral Resources.
After the acquisition of Dongpeng New Materials by China Mineral Resources, the business scope will expand to the research and development of lithium salt and cesium rubidium salt fine chemical R & D and manufacturing fields, so as to realize the seamless connection of the upstream and downstream industrial chains of geological exploration, mineral rights investment and new energy and new materials. Coordinated development and the expansion of new fields will effectively improve the company's ability to respond to the industry's periodic fluctuations. At the same time, it will also improve the profitability of the company, which is conducive to the long-term development of the company and further maximizes the benefits of shareholders.
Dongpeng New Materials is the main supplier of lithium fluoride, the key raw material of lithium hexafluorophosphate in China, and the largest domestic manufacturer and supplier of cesium salt and rubidium salt. A series of scientific research results, has obtained more than 10 patents such as battery-grade lithium fluoride, cesium carbonate, thorium nitrate, etc., is a participant in the formulation of national industry standards for 5 products such as battery-grade lithium fluoride, and is also cesium sulfate, cesium formate, nitric acid The national industry standard setter for 6 kinds of products such as rubidium and metal cesium. While satisfying domestic market demand, its products are also exported to the United States, Europe, Japan, South Korea and other countries and regions.
China Mining Resources is the first commercial comprehensive geological exploration technology service company with a large scale “going global”, and it is also the only geological exploration company of A shares. It has accumulated richness in overseas geological prospecting service market, mineral rights operation and mining development. Experience and has a certain number of high-quality mineral rights reserves.