Hualian Holdings announced that it plans to acquire 100% of the Canadian company Argentum Lithium S.A., in cash of US$175 million, equivalent to RMB 1,235 million. The transaction must be submitted to the shareholders' meeting for review. At the same time, it is necessary to comply with the approval or filing of the relevant departments such as the Shenzhen Municipal Bureau of Commerce, the Shenzhen Development and Reform Commission, and the State Administration of Foreign Exchange on this overseas investment matter, as well as the Canadian government's national security review approval or filing. This transaction is an important step for listed companies to promote industrial transformation. It will have a synergy effect with the company's previously laid out businesses such as lithium extraction and adsorbent production in salt lakes to help the company improve its investment layout in the new energy industry chain.

Hualian Holdings announced that it plans to acquire 100% of the Canadian company Argentum Lithium S.A., in cash of US$175 million, equivalent to RMB 1,235 million. The transaction must be submitted to the shareholders' meeting for review. At the same time, it is necessary to comply with the approval or filing of the relevant departments such as the Shenzhen Municipal Bureau of Commerce, the Shenzhen Development and Reform Commission, and the State Administration of Foreign Exchange on this overseas investment matter, as well as the Canadian government's national security review approval or filing. This transaction is an important step for listed companies to promote industrial transformation. It will have a synergy effect with the company's previously laid out businesses such as lithium extraction and adsorbent production in salt lakes to help the company improve its investment layout in the new energy industry chain.