Shouhua gas (300483.SZ) plans to purchase bauxite resources through market-oriented means.

China Fortune Financial News APP reported that Shouhua Gas (300483.SZ) announced that the company plans to purchase alumina resources through market-oriented means. The board of directors proposed to authorize the board of directors and the company's management to handle the specific matters, with the purchase amount not exceeding 30% of the company's most recent audited total assets or 100% of net assets within a consecutive 12-month period. The authorization period is valid for 12 months from the date of approval by the shareholders' meeting. If the company has determined the auction results within this period, the authorization period will automatically be extended until the registration of the mining rights is completed.