The actual controller of Qinghai Salt Lake Industry (000792.SZ) is proposed to be changed to China Minmetals.

Qinghai Salt Lake Industry (000792.SZ) announced that on September 7, 2024, the actual controller of the company, the Qinghai Provincial Government State-owned Assets Supervision and Administration Commission ("Qinghai Provincial Government SOE Commission"), the controlling shareholder Qinghai State-owned Assets Investment Management Co., Ltd. ("Qinghai State-owned Assets Investment") and China Minmetals Corporation ("China Minmetals") and its subsidiary companies signed a "General Agreement on the Formation of China Salt Lake Group." According to the General Agreement, the Qinghai Provincial Government SOE Commission, Qinghai State-owned Assets Investment, and China Minmetals plan to jointly establish China Salt Lake Industrial Group Co., Ltd. (tentative name, subject to the final registration name approved by the company registration authority, hereinafter referred to as "China Salt Lake Group"). At the same time, China Salt Lake Group plans to purchase a total of 681 million shares of Qinghai Salt Lake Industry held by Qinghai State-owned Assets Investment and its concerted action entity Wuhu Xinze Qing Investment Management Partnership Enterprise (Limited Partnership) ("Wuhu Xinze Qing") for cash. If the transfer is completed, the controlling shareholder of the company will change from Qinghai State-owned Assets Investment to China Salt Lake Group, and the actual controller of the company will change from the Qinghai Provincial Government SOE Commission to China Minmetals.