CITIC Metal Co., Ltd (601061.SH) plans to establish an Advanced Materials Research Institute.

CITIC Metal Co., Ltd (601061.SH) released an announcement that the company's board of directors approved the proposal to establish the Advanced Materials Research Institute of CITIC Metal Co., Ltd. The institute will be a first-tier department of the company. Its purpose is to strengthen the important role of technological innovation in driving the high-quality development of the company, and to explore ways to actively empower the company's business and future development.