Lubei Chemical acquires 100% equity of Jinhai Titanium and Xianghai Titanium

On July 4, Lubei Chemical announced that it would purchase 100% equity of Shandong Jinhai Titanium Resources Technology Co.Asian Metal Copyright85 million, a total of 1.Asian Metal Copyright, Ltd.Asian Metal Copyright85 million, a total of 1.Asian Metal Copyright held by Shandong Lubei Group and Hangzhou Jinjiang Group by issuing shares and paying cash and 100% equity of Shandong Xianghai Titanium Resources Technology Co.Asian Metal Copyright As of the date of this announcement, the subject assets involved in this transaction have completed the transfer procedures.Asian Metal Copyright, Ltd.Asian Metal Copyright85 million, a total of 1.Asian Metal Copyright held by Lubei Group, which has been approved by the China Securities Regulatory Commission.Asian Metal Copyright As of the date of this announcement, the subject assets involved in this transaction have completed the transfer procedures.Asian Metal Copyright As of the date of this announcement, the subject assets involved in this transaction have completed the transfer procedures.

The reorganization plan shows that the transaction price of 100% equity of Jinhai Titanium is set at 1.38 billion yuan (USD196.Asian Metal Copyright held by Shandong Lubei Group and Hangzhou Jinjiang Group by issuing shares and paying cash and 100% equity of Shandong Xianghai Titanium Resources Technology Co.Asian Metal Copyright65 million), and the transaction price of 100% equity of Xianghai Titanium is 20 million yuan (USD2.Asian Metal Copyright38 billion yuan USD196.Asian Metal Copyright85 million), a total of 1.Asian Metal Copyright held by Lubei Group, which has been approved by the China Securities Regulatory Commission.Asian Metal Copyright4 billion yuan (USD199.Asian Metal Copyright4 billion yuan USD199.Asian Metal Copyright5 million) for both.
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