Guotai Group: Acquires 100% equity of Beikuang Baomang through public delisting for 110 million yuan.

Guotai Group announced that the company has acquired 100% equity of Beijing Mining and Metallurgy Blasting Anchor Technology Engineering Co., Ltd. through public delisting for a transaction price of 110 million yuan. The transaction has been approved by the 21st meeting of the sixth board of directors of the company. The Beijing Mining Blasting Anchor has nine subsidiaries including Jiujiang Branch and Yinshan Branch, providing blasting services for Jiangxi Copper Group Limited City Gate Mountain Copper Mine and Yinshan Mine, with 46 contract employees. The main assets include explosive operation mixing trucks, explosive transportation trucks, ground stations, explosive material warehouses, construction measurement equipment, and office equipment, mainly distributed in the two branches; with 16 authorized patents, 3 software copyrights, and certain technical innovation capabilities. The core values of Beijing Mining Blasting Anchor include 8,000 tons of on-site mixed emulsion explosive production capacity, blasting operation unit level one license, and mining engineering construction general contracting secondary qualification.