Raised 2.2 billion! Yunnan Guodi, a subsidiary of Longbai Group, held an equity cooperation signing ceremony

On May 24th, Yunnanguo Titanium Equity cooperation signing ceremony of Longbai Group subsidiary was held in Kunming. According to the announcement issued earlier by Longbai Group, in order to further improve the comprehensive strength of its subsidiary Yunnan Guoti Metal Co., LTD. (Yunnan Guoti), optimize the management of Yunnan GuoTi, enhance market competitiveness, expand and strengthen the sponge titanium business, and promote its business development, Yunnan GuoTi will introduce strategic investors.

The strategic investor intends to purchase no more than 330 million new shares of Yunnan Guoti in cash (hereinafter referred to as the "capital increase"), and no more than 380 million shares of Yunnan GuoTi held by the Company's subsidiary Longbai Lufeng Titanium Industry Co., LTD. (hereinafter referred to as the "Lufeng Titanium Industry") (hereinafter referred to as the "share transfer"). The price of this capital increase and this share transfer is 3.20 yuan/share. Yunnan Guotian plans to introduce no more than 50 strategic investors, including industrial investment funds supported and funded by national large funds, state-owned investment companies, asset management companies and other investors.

The total contracted amount of Yunnan Guoti equity cooperation is 2.272 billion yuan, including 900 million yuan from Shenzhen Innovation Investment Group and 400 million yuan from China Building Materials New Materials Fund. At present, all the funds have been in place.

At the ceremony, Chen Jianli, chairman of Yunnan Guoti, introduced the basic situation and listing plan of Yunnan Guoti. He said that Yunnan National titanium has initially established a whole process industrial chain of "titanium ore → titanium concentrate → high titanium slag → titanium tetrachloride → electrolyzing magnesium → titanium sponge", and the existing production capacity of titanium sponge is 50,000 tons/year, and the production capacity of titanium sponge ranks among the top in the world. At the same time, it has the international advanced "magnesium reduction distillation" process and "inverted U" joint production process. The signing of this equity cooperation agreement is an important milestone in the high-quality development of Yunnan Guotian, and it is also a new starting point for promoting all-round cooperation between the two sides. It will work together to embark on a new journey!

At the ceremony, the chairman of Longbai Group and Benliu expressed their gratitude to the leaders of Party committees and governments at all levels in Yunnan Province and Chuxiong Prefecture for their concern for the company and the friends in the investment community for their support. He said that Longbai Group has been adhering to the mission of "creating leading titanium beauty life and being a respected enterprise" and developing steadily. At present, the group's main product titanium dioxide production capacity of over 1.5 million tons/year, sponge titanium production capacity of 50,000 tons/year, double ranking in the world. Yunnan Guotian, as a holding subsidiary of Longbai Group, inherits the group's excellent R & D and management capabilities, and has excellent performance in technological innovation, cost control, quality management and operation management. In particular, it has formed a good model of production-university-research coupling green development in technological innovation, and has introduced, absorbed, promoted and transformed foreign advanced technologies. The formation of unique professional technology and intellectual property rights, the production of rotor-grade sponge titanium and military small particle size, quality continues to improve, the cost continues to reduce, marking Yunnan titanium has entered the international first echelon, the market prospects are broad. In the future, Yunnan National Titanium will continue to develop steadily, form a complete titanium metal industry chain, and go all out to promote the implementation and implementation of projects with strategic investors, and jointly create a better future.

Liu Yong, Party secretary of Chuxiong, He Benliu, chairman of Longbai Group and Ni Zewang, chairman of Shenzhen Innovation Investment Group delivered a speech. Zhang Wenwang, Deputy Party secretary and governor of Chuxiong State, presided over the ceremony. Chen Zhonggeng, Deputy Director of Industry and Information Technology Department of Yunnan Province, Jiang Houxian, Deputy director of Yunnan Securities Supervision Bureau, Yang Bin, Vice President of Kunming University of Science and Technology, Zhou Zhiyuan, Member of the Standing Committee of Chuxiong State Committee and Secretary General of Chuxiong State Committee, Wang Jianxiong, Deputy governor of Chuxiong State People's Government, Luo Fusheng, Secretary General of Chuxiong State People's Government, responsible comrades of relevant departments at the state level, Lufeng City and Wading County, And leaders of equity cooperation units such as China Construction Materials New Material Fund, Yunan Cloud Investment Capital, Yunnan Industrial Investment Fund, Chuxiong State Investment Company, Henan Investment Group, Zhongyuan Yuzi Group, SAIC Shangqi Capital, Jiaozuo Investment Group, Boshi Innovation, Chongxin Capital, etc. Shen Qingfei, Director and chief Financial Officer of Longbai Group, Chen Jiancheng, Vice President of Research and Development, Chairman of Yunnan Guoti, Wang Xudong, secretary and Vice president of the board of Directors, Liu Hongxing, executive director and general manager of Longbai Lufeng Titanium Industry Co., LTD., and other leaders attended the signing ceremony.