Guocheng Mining has completed the wholly-owned acquisition of Guocheng Industrial.

On August 17, Guocheng Mining held its fourth extraordinary general meeting of shareholders in 2026, where it reviewed and approved the "Major Asset Purchase and Related Party Transaction Proposal." The company plans to acquire 40% of the equity of Guocheng Industry held by CITIC Trust. Upon completion of the transaction, Guocheng Industry will become a wholly-owned subsidiary of Guocheng Mining. This also means that Guocheng Mining has completed the integration of Guocheng Industry's core molybdenum asset, the Dazhuo Molybdenum Mine.