Shengxunda to acquire 80% shares of Yurui Technology

Shengxunda announced on November 24th that it will acquire 80% shares of Lushi Yurui Technology Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright Yurui Technology holds 60% shares of Guangyu Mining, which holds 100% of rights and interests of both Caijia Lithium Mine and Nanyangshan Lithium Mine located in Guanpo town, Lushi county, Henan province.Asian Metal Copyright at RMB8 million (USD1.Asian Metal Copyright Yurui Technology holds 60% shares of Guangyu Mining, which holds 100% of rights and interests of both Caijia Lithium Mine and Nanyangshan Lithium Mine located in Guanpo town, Lushi county, Henan province.Asian Metal Copyright12 million) by cash and add investment of RMB147.Asian Metal Copyright at RMB8 million USD1.Asian Metal Copyright20 million (USD20.Asian Metal Copyright12 million by cash and add investment of RMB147.Asian Metal Copyright58 million) to the latter.

Yurui Technology holds 60% shares of Guangyu Mining, which holds 100% of rights and interests of both Caijia Lithium Mine and Nanyangshan Lithium Mine located in Guanpo town, Lushi county, Henan province. With the mining rights expired, both the Caijia Lithium Mine and Nanyangshan Lithium Mine are in the procedures of extending their mining rights.Asian Metal Copyright Caijia Lithium Mine holds mineral ore reserves of about 2.Asian Metal Copyright After the above deal is closed, Yurui Technology will become the a holding subsidiary of Shengxunda, which will indirectly hold 48% rights and interests of both Caijia Lithium Mine and Nanyangshan Lithium Mine.Asian Metal Copyright74 million tons, including around 19,767t of lithium oxide resources; while Nanyangshan Lithium Mine holds 291,200t of mineral ore reserves, including about 3,280t of lithium oxide resources.Asian Metal Copyright Caijia Lithium Mine holds mineral ore reserves of about 2.Asian Metal Copyright Yurui Technology holds 60% shares of Guangyu Mining, which holds 100% of rights and interests of both Caijia Lithium Mine and Nanyangshan Lithium Mine located in Guanpo town, Lushi county, Henan province.Asian Metal Copyright74 million tons, including around 19,767t of lithium oxide resources; while Nanyangshan Lithium Mine holds 291,200t of mineral ore reserves, including about 3,280t of lithium oxide resources.


.Asian Metal Copyright74 million tons, including around 19,767t of lithium oxide resources; while Nanyangshan Lithium Mine holds 291,200t of mineral ore reserves, including about 3,280t of lithium oxide resourcesAsian Metal Copyright