Longbai Group: The titanium dioxide and titanium sponge products produced by our company are not subject to resource tax and do not need to pay resource tax

Some investors asked on the investor interactive platform: Please ask, do the titanium dioxide and titanium sponge products produced by the company need to pay resource tax? Does the company only need to pay the resource tax on the self-produced titanium dioxide part? Or do the entire titanium dioxide product and titanium sponge product need to pay resource tax?

Longbai Group (002601.SZ) stated on the investor interaction platform on December 4 that the titanium dioxide and titanium sponge products produced by our company are not subject to resource tax and do not need to pay resource tax. The raw material of vanadium-titanium magnetite ore, which is the subject of resource tax, is the subject of resource tax. Resource tax has been paid when the raw material of vanadium-titanium magnetite ore is sold. The titanium ore produced by washing vanadium-titanium magnetite ore does not need to be repeatedly paid resource tax.