Signing Ceremony of the Ganzhou Tungsten Industry Strategic Cooperation Agreement

On the morning of September 11, the People's Government of Chenzhou City, China Poly Group Technology Co., Ltd., and the Jiangxi Provincial Bureau of Geology and Mineral Resources Exploration and Development Bureau held a signing ceremony for the Tungsten Industry Strategic Cooperation Agreement at the Weinan Hotel with a total investment of not less than 2.5 billion. Yuan established Poly Liyuan Tungsten Industry Co., Ltd. The project company will rely on Zhangzhou's advantages in resource integration and tungsten industry guidance to actively integrate the tungsten resources of Chenzhou City, and promote the strategic cooperation between Chenzhou City and China Poly Group in resource development and deep processing; listing around 3 to 5 years, Relying on the resources of Zhangzhou, we will attract domestic and foreign advanced technology and talents, vigorously extend the industrial chain, focus on developing deep processing, and build a world-class tungsten industry group with international competitiveness and integration of mining, selection, metallurgy, addition and trade.

It is understood that China Poly Group is a diversified central enterprise with strong capital, talents and technological advantages. This cooperation is a strong combination of resources, capital, technology, talents, market and other major factors. It will improve the utilization rate of tungsten resources in Zhangzhou, develop high, fine and sharp tungsten products, and promote the development of tungsten industry in Zhangzhou and even the whole country. All have important meanings.

On behalf of the Municipal Party Committee and the Municipal Government, Pan Yiyang, member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, expressed his welcome and full support to Poly Technology Co., Ltd. to invest in Chenzhou City. On behalf of Cangzhou City, Cangzhou City should, through strengthening cooperation with central enterprises, use the advantages of central enterprises in terms of capital, management, technology, brand and marketing network to achieve a win-win choice for local economy and central enterprises to promote development. It is necessary to adhere to the idea of ​​"integrating resources, controlling mining, intensive use, deep processing, and forming industries", and through cooperation with Poly Group, to create a new model for China's mining economic development. It is necessary to take advantage of the current international financial crisis, introduce foreign advanced mining equipment, technology and talents for me, and encourage enterprises to develop their headquarters economy in Zhangzhou. It is necessary to control the supply of rare metals, resolutely not to be an industrial peasant, master the right to speak of tungsten and rare earth resources, and achieve leapfrog development in the next round of new technological revolution. Through the introduction of strategic investors and key technical equipment, we will vigorously develop high-end industries, accelerate the extension of industrial chain terminals such as application products, and build Zhangzhou into a world-renowned base of hard alloys and knives.

Chen Hongsheng, deputy secretary, director and general manager of the party group of China Poly Group, expressed his gratitude to Chenzhou for supporting the investment development of Poly Group in Zhangzhou. He also said: As a central enterprise, it will surely achieve a win-win situation between the local economy and the central enterprises in accordance with local planning requirements and development strategies. The project company will extend the industrial chain and do deep processing to transform the resource advantages of Zhangzhou into economic advantages.

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