On July 19, 2004, in order to be stronger and bigger, according to the requirements of the provincial government's tin industry integration, the capital structure was adjusted and optimized again, and 20% of the shares were transferred to Yunnan Tin Industry Group Company for restructuring. Yunnan Hualian Zinc and Indium Co., Ltd. was established by Kunming Integrated Real Estate Co., Ltd. (37% equity), Yunnan Maguan Lianxing Industrial Co., Ltd. (32% equity), Yunnan Tin Industry Group Co., Ltd. (20% equity), Yunnan Hualian Investment and Development Co., Ltd. (7% equity) and Wenshan Tengqiang Industrial Co., Ltd. (4% equity).