Salt Lake Co., Ltd.: The magnesium alloy die-casting business of its subsidiary is still in the nurturing and development stage.

On August 7, Salt Lake Co., Ltd. stated on an interactive platform that the company's magnesium resource business focuses on the upstream resource development segment. Its subsidiary, Teli Magnesite, primarily engages in magnesium alloy die casting. Currently, this sector is still in the cultivation and development stage, with a limited business scale and a low contribution to the company's overall revenue.