China Color will join hands with Xinwei Group to develop rare earth

According to the Shanghai Securities News reported on July 7th, China National Color Co., Ltd. disclosed today that the company plans to sign an agreement with the Yixing Xinwei Group on the "China-Rare Earth Group (Guangdong) Co., Ltd. Investor Agreement." The company's shares will be suspended from July 7th. After the relevant announcement was disclosed on July 8, trading resumed.

On March 29th this year, Zhongxue Co., Ltd. and Yixing Xinwei Group signed the "Myanmar Mineral Resources Exploration and Development Cooperation Agreement." Both sides jointly invested in the establishment of companies in Myanmar and China, respectively, to carry out metal activities in northern areas and other areas in Myanmar. Industrial raw materials Minerals, ores and other resources for exploration and exploitation projects. In addition, the two parties also agreed to jointly establish Tengchong Materials and Trade Co., Ltd. in Tengchong, Yunnan.