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Jin'ang Overseas Investment Visits Yiyang for Inspection and Exchange, Meeting Jiangfeng Electronics to Discuss 'Hunan Enterprises Going Global'

· Source: Communications Dept., JIN'ANG HOLDING · More languages
1 Our Company Holds Talks with the Yiyang Bureau of Commerce

1 Our Company Holds Talks with the Yiyang Bureau of Commerce

On December 13, at the invitation of the Yiyang Municipal Bureau of Commerce, the founding team of Hunan Jin'ang Overseas Investment Co., Ltd. went to Yiyang for a study visit. At the Yiyang Municipal Bureau of Commerce, our chairman focused on introducing our business layout in Africa — the full industrial-chain closed loop from 'exploration — extraction — operations — trading — warehousing — international logistics — supply-chain finance' — and noted that we currently carry out in-depth cooperation with strategic partners such as PowerChina, the Hunan Provincial Institute of Geological Survey, Wanwei International and Hunan Mineral Resources Group.

Yin Yingjie, Deputy Director of the Yiyang Municipal Bureau of Commerce, learned in detail about our business layout in Africa, the distribution of mineral resources and related business development, and warmly invited our company to invest and establish operations in Yiyang.

2 Visiting Jiangfeng Electronics

Led by relevant leaders of the Yiyang Municipal Bureau of Commerce, our founding team went to Hunan Jiangfeng Electronic Materials Co., Ltd. for inspection and exchange, and was warmly received by General Manager Mao Jian of Jiangfeng Electronics.

Jin'ang Overseas Investment Visits Yiyang for Inspection and Exchange, Meeting Jiangfeng Electronics to Discuss 'Hunan Enterprises Going Global' — on-site photo

Jiangfeng Electronics is an enterprise focusing on the R&D, production and sales of high-purity sputtering targets, and is also involved in the semiconductor precision components market. Its main products include aluminum targets, titanium targets and tantalum targets, which are widely used in semiconductor manufacturing, flat panel display and solar cells. Jiangfeng Electronics holds a leading position in the global semiconductor sputtering target market and is a leader in the industry.

The main raw material for tantalum targets is tantalum-niobium ore, a general term for tantalum (Ta) and niobium (Nb). These are rare metals with high melting and boiling points, steel-like in appearance with a grayish-white luster and dark gray powder, featuring gas absorption, corrosion resistance, superconductivity, unipolar conductivity and high strength at high temperatures.

Jiangfeng Electronics has huge market demand for tantalum-niobium ore raw materials, while our company holds non-ferrous metals in Africa including tantalum-niobium, nickel, copper, lithium, zinc, gold and antimony, with a total value exceeding RMB 20 billion. The two sides have huge cooperation potential and will actively pursue cooperation based on each other's business development needs in the future, joining hands to help Hunan enterprises go global.

3 Latest Progress of Jin'ang Overseas Investment's Layout in Africa

Our company is racing against time and steadily advancing its overseas business layout, and has now achieved major progress at the current stage. We have reached cooperation intentions with a number of large state-owned and central enterprises, including China Construction Fifth Engineering Bureau Hunan Company and CR7G Tanzania Company. The site for our overseas warehouse has now been selected and construction will begin soon, and the China-Mozambique Mining Cooperation Demonstration Zone will also start phase one construction in 2025. Locally, we have already obtained mining rights, land use right certificates, environmental impact assessment certificates and import and export certificates, with complete procedures; farmer relocation and crop compensation have been completed, and the conditions for infrastructure construction and mining are in place.

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