Beijet announced that its wholly-owned subsidiary Beijet New Material Technology Co., Ltd. signed an “Equity Acquisition Framework Agreement” with Liang Dakun, Liang Dajuan and Liang Dafang to obtain a controlling interest in Yunnan Wenye Nonferrous Metals Co., Ltd. through an equity acquisition. Based on the accumulation of technology and projects in the field of heavy metal wastewater resource utilization, the company completed process verification for efficient recycling of antimony metal in antimony-containing wastewater. Through the wet process, the company effectively increased the recovery rate of antimony metal and reduced energy consumption, and achieved a strategic layout to lock in the supply of key raw materials upstream through the acquisition of a controlling interest in Wenshan Dahao Mining Development Co., Ltd. The planned equity acquisition is an upstream and downstream industrial chain merger and acquisition. The core purpose is to achieve a strategic extension of the industrial application of the entire chain, continue to increase the amount of “raw materials” locked at the front end and lay out the mid-end “smelting” link, improve the entire industry chain of antimony mining, antimony smelting, antimony product production, antimony recycling and antimony resource guarantee, achieve greater comprehensive utilization of antimony resources and achieve higher profit margins, improving the efficiency and risk resistance of the entire industry chain, enhancing the core competitiveness and upgrading of listed companies, in line with the new sustainable trend of transformation and upgrading of the industrial chain. This planned acquisition includes antimony production resources, and will also help the company to industrialize its antimony recycling technology as soon as possible.

Beijet announced that its wholly-owned subsidiary Beijet New Material Technology Co., Ltd. signed an “Equity Acquisition Framework Agreement” with Liang Dakun, Liang Dajuan and Liang Dafang to obtain a controlling interest in Yunnan Wenye Nonferrous Metals Co., Ltd. through an equity acquisition. Based on the accumulation of technology and projects in the field of heavy metal wastewater resource utilization, the company completed process verification for efficient recycling of antimony metal in antimony-containing wastewater. Through the wet process, the company effectively increased the recovery rate of antimony metal and reduced energy consumption, and achieved a strategic layout to lock in the supply of key raw materials upstream through the acquisition of a controlling interest in Wenshan Dahao Mining Development Co., Ltd. The planned equity acquisition is an upstream and downstream industrial chain merger and acquisition. The core purpose is to achieve a strategic extension of the industrial application of the entire chain, continue to increase the amount of “raw materials” locked at the front end and lay out the mid-end “smelting” link, improve the entire industry chain of antimony mining, antimony smelting, antimony product production, antimony recycling and antimony resource guarantee, achieve greater comprehensive utilization of antimony resources and achieve higher profit margins, improving the efficiency and risk resistance of the entire industry chain, enhancing the core competitiveness and upgrading of listed companies, in line with the new sustainable trend of transformation and upgrading of the industrial chain. This planned acquisition includes antimony production resources, and will also help the company to industrialize its antimony recycling technology as soon as possible.