Chihong Zinc&Germanium advances joint rare metal investment

Yunnan Chihong Zinc&Germanium Co., Ltd. announced its board approved a joint investment to establish Chihong Qianxing (Chengdu) Technology Co., Ltd. (Chihong Qianxing) with several associated parties, including Aluminum Corporation of China Ltd. and Yunnan Copper Co., Ltd. This initiative, valued at CNY 300 million, will focus on extending the rare metal industry chain. Chihong Zinc&Germanium will hold a 20% equity stake, contributing its 100% equity in Yunnan Chihong International Germanium Industry Co., Ltd. (Chihong Germanium Industry) and additional cash.

The formal "Capital Contribution Agreement" was signed on October 24, 2025, and Chihong Qianxing completed its industrial and commercial registration on October 28, 2025, receiving its business license from the Chengdu High-tech Zone Market Supervision and Administration Bureau. An asset valuation report by Guozhonglian Assets Appraisal Land and Real Estate Appraisal Co., Ltd. valued Chihong Germanium Industry's shareholder equity at CNY 183.91 million as of June 30, 2025, representing a 20.16% increase over its book value of CNY 153.05 million. The appraisal was filed with Aluminum Corporation of China Ltd.