Longbai Group: Plans to participate in industrial funds and invest in vanadium-titanium lithium resources and new materials industries and their upstream and downstream

Longbai Group announced on November 21 that the company and its wholly-owned subsidiary Longbai Sichuan Titanium Co., Ltd.(referred to as "Longbai Sichuan"), Longbai Sichuan Mining and Metallurgical Co., Ltd.(referred to as "Longbai Mining and Metallurgy"), Henan Zhuoyi Industrial Investment Co., Ltd., a newly established wholly-owned subsidiary of Henan Yunke Enterprise Management Consulting Co., Ltd.(referred to as "Henan Yunke") and Jiaozuo Tongcai Venture Capital Co., Ltd.(The final name is subject to industrial and commercial registration)(referred to as "Henan Zhuoyi"), plans to jointly fund the establishment of Henan Caiyuan Yifeng Industrial Investment Partnership (Limited Partnership)(referred to as "Industrial Investment Partnership"). The investment scope of the partnership is enterprises or projects whose registered place or production base is located in China. The investment industry is the vanadium-titanium-lithium resource and new materials industry and its upstream and downstream.

The total capital contribution of the industrial investment partnership is 3.5 billion yuan, of which Henan Yunke is the general partner and serves as the executive partner and manager of the partnership, with a subscribed capital contribution of 70 million yuan, with a contribution ratio of 2%; Henan Zhuoyi is a limited partner, with a subscribed capital contribution of 1.715 billion yuan, with a contribution ratio of 49%; the company is a limited partner, with a subscribed capital contribution of 770 million yuan, with a contribution ratio of 22%; Longbai Sichuan is a limited partner with a subscribed capital contribution of 525 million yuan, with a contribution ratio of 15%; Longbai Mining and Metallurgical is a limited partner with a subscribed capital contribution of 420 million yuan, with a contribution ratio of 12%.