Establishment of a subsidiary by Hebang Biology with mineral ore processing and selection operations.

According to the Qichacha APP, recently, Leshan Jingyan Hebang Mining Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes: non-coal mine mineral resource development; mineral washing and processing; ore dressing; and sales of non-metallic minerals and products. The equity penetration displayed on Qichacha shows that the company is wholly owned by Hebang Bio.