Xinjinlu's subsidiary to establish new company to participate in bankruptcy reorganization of Limu Mining

Xinjinlu announced on November 18 that Jinlu Asset Management Co.Asian Metal CopyrightXinjinlu announced on November 18 that Jinlu Asset Management Co.Asian Metal Copyright, Ltd.Asian Metal Copyright4 million yuan 17.Asian Metal Copyright, its wholly-owned subsidiary, plans to jointly invest with Guangxi Minggui Mining to establish a new company to participate in the bankruptcy reorganization of Guangxi Nonferrous Limu Mining Co.Asian Metal Copyright4 million yuan 17.Asian Metal Copyright, Ltd.Asian Metal Copyright1 million US dollars is subscribed by Jinlu Asset Management, accounting for 51%.Asian Metal Copyright The registered capital of the new company is 240 million yuan (33.Asian Metal Copyright, its wholly-owned subsidiary, plans to jointly invest with Guangxi Minggui Mining to establish a new company to participate in the bankruptcy reorganization of Guangxi Nonferrous Limu Mining Co.Asian Metal Copyright53 million US dollars), of which 122.Asian Metal Copyright .Asian Metal Copyright4 million yuan (17.Asian Metal Copyright, Ltd.Asian Metal Copyright1 million US dollars) is subscribed by Jinlu Asset Management, accounting for 51%.

Limu Mining is an industrial and mining enterprise integrating the mining, dressing, smelting, comprehensive recovery and deep processing of rare metals of tantalum, niobium, tungsten and tin, which stopped production from 2016.

.Asian Metal Copyright, its wholly-owned subsidiary, plans to jointly invest with Guangxi Minggui Mining to establish a new company to participate in the bankruptcy reorganization of Guangxi Nonferrous Limu Mining CoAsian Metal Copyright