Xiamen Tungsten's new plan: intends to acquire the assets of the manufacturing department related to secondary resources.

Xia Tungsten announced that the company plans to purchase the assets of the Second Resource Manufacturing Department held by Xiamen Tungsten through a non-public agreement acquisition with its own or self-raised funds. According to the "Evaluation Report" issued by Fujian Zhongxing Asset Evaluation Real Estate Land Valuation Co., Ltd., after mutual agreement, the transaction price is 78.87 million Chinese yuan. The transaction does not constitute a major asset restructuring as stipulated in the "Regulations on the Management of Major Asset Restructuring of Listed Companies", and there are no major legal obstacles to implementation. The transaction has been approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for approval.