China Tungsten and High-Tech Materials (000657.SZ) has been approved for restructuring by the Shenzhen Stock Exchange.

China Tungsten and High-tech Materials (000657.SZ) announced that the company plans to acquire 100% equity of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. held by Minmetals Tungsten Group Co., Ltd. and Hunan Woxi Mining Investment Co., Ltd. through the issuance of shares and payment of cash, and to issue shares to raise funds from up to 35 specific investors. The M&A Restructuring Review Committee of the Shenzhen Stock Exchange held its 7th meeting of the M&A Restructuring Review Committee in 2024 on November 15, 2024 to review the company's application for this transaction. According to the announcement of the results of the 7th review meeting of the M&A Restructuring Review Committee of the Shenzhen Stock Exchange in 2024, the review result of this meeting is that the transaction meets the restructuring conditions and disclosure requirements.