Development course of Xiamen Tungsten Industry Co., Ltd.

On September 5, 2006, the groundbreaking ceremony of Xiamen Tungsten National R&D Center was held in Wuyuan Bay, Huli District, Xiamen. The center will be built into a national first-class and internationally advanced R&D base and a high-tech industrialization demonstration base, which has been listed as a major project in Xiamen, won the government funding of100000 yuan, and passed the feasibility demonstration of the National Engineering Technology Center.

On August 9, 2006, Hongbo Company, Japan United Materials Co., Ltd. and Chengdu Lianhong Molybdenum Industry Co., Ltd., which invested in the construction, held a groundbreaking ceremony to officially launch domestic high-quality molybdenum plates and molybdenum products. On August 28th, the 3,000-ton ammonium molybdate project of Hongmo Molybdenum Company was completed and put into operation, which solved the bottleneck problem that restricted the development of the group company because of the raw materials of molybdenum products, and laid the foundation for Xiamen Tungsten Group to enter the upstream products of molybdenum metal materials.

On August 1 2006, the Microsoft Axapta system introduced by Lu Jin Company was successfully launched after more than half a year's implementation, which improved the company's information management level and competitiveness and provided a model for Xiamen Tungsten Group to implement ERP in the future.

In July, 2006, the transformation of Yulu Company's daily processing capacity of 1 10,000 tons of low-grade scheelite was completed, which increased the daily processing capacity of Yulu's ore to10.5 million tons, and became the largest low-grade scheelite recovery production line in China at present, which provided a guarantee for improving the self-sufficiency rate of scheelite raw materials.

In July 2006, the company made a new five-year (2006-20 10) development plan, established an enterprise development strategy focusing on tungsten products, focused on developing cemented carbide, wire rod, delayed products and energy storage materials, rapidly expanded molybdenum products, and selected low-risk and high-return real estate projects for development.

On March 7, 2006, Xiamen Tungsten Company held a shareholders' meeting related to the share-trading reform. The share-trading reform plan of sending 2.9 shares for every 65,438+00 shares was approved by 99.82% of all shareholders and 99.08% of tradable shareholders. The successful completion of the share-trading reform has made the company's stock price related to the interests of all shareholders, forming an interest-driven mechanism with the same interests of all shareholders. The company is a legal person.

From June 5 to February 2005, Haicang Branch newly requisitioned 200 mu of land for developing new energy materials. Hongbo Company began to install and debug the molybdenum converter imported from Harper Company in the United States, and the "Tungsten and Molybdenum Material for Electric Vacuum Electric Light Source" won the famous brand product in Sichuan Province. The feasibility report of relocation of Hong Guang Company in Qingpu Industrial Zone passed the household audit, and φ 0.5 ╳ 1000 polished tungsten rod was successfully developed. Lu Hong Company's "Study on Large-scale Production of Overweight Thick Tungsten Wire" was included in the National 863 Plan in 2005. In 2005, Lu Jin Company was awarded as "Advanced Enterprise of Science and Technology Progress in Xiamen".

In May of 20 15, the Ministry of Land and Resources issued a notice, and the integration and reorganization plans of six rare earth groups, namely China Minmetals Group, China Aluminum Company, Baotou Iron and Steel (Group) Co., Ltd., Xiamen Tungsten Industry Co., Ltd., Ganzhou Rare Earth Group Co., Ltd. and Guangdong Rare Earth Industry Group Co., Ltd., have been approved by relevant departments for the record.