Recently, Shandong Hengbang Smelting Co., Ltd. announced that the company plans to use its own funds to increase the capital of its wholly-owned Hong Kong subsidiary, Hong Kong Hengbang7,000Ten thousand dollars(Or an equivalent amount of RMB). After the completion of the capital increase, Hong Kong Hengbang's registered capital, will be645Increase to ten thousand dollars7,645Ten thousand dollars. Hengbang is a professional gold copper, gold lead and rare metal, semi-metal mixed smelting, refining and processing enterprise with relatively complete supporting facilities in China. At the same time, it also involves non-ferrous metal mining, chemical industry, research and development and production of high purity metal materials, international trade of mineral resources and other fields30Over the years, the overall leading level in China.

Huanze's point of view: This capital increase is based on the needs of the company's development planning, in line with the company's overall development strategy, conducive to meeting the financial needs of the business development of Hong Kong Hengbang, help the company to further expand overseas markets, in line with the company's strategic planning and long-term development goals, and effectively enhance the company's overall competitiveness.

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