Huiyun Titanium Industry: The wholly-owned subsidiary won the prospecting rights for RMB 1.1528 million

On July 9, Huiyun Titanium announced that its wholly-owned subsidiary, Qinghe County Huiyun Mining Co., Ltd., successfully won the prospecting rights of the "Xinjiang Qinghe County Akwana Vanadium Titanic Mine Census" at the Xinjiang Uygur Autonomous Region Government Service and Public Resource Trading Center with its own funds of RMB 1.1528 million. At present, the company still needs to sign the "Exploration Right Transfer Transaction Confirmation" and "Exploration Right Transfer Contract" with the Natural Resources Department of Xinjiang Uygur Autonomous Region, and there is still uncertainty. After the company obtains the prospecting right through auction, it still needs to go through the approval, approval or filing procedures of the relevant regulatory authorities, and there is uncertainty about the time when the prospecting right certificate is obtained. This prospecting rights auction will positively promote the company's future business development and is conducive to the company's long-term stable development.