Shengtun lithium, a wholly-owned subsidiary of the company, currently holds 25.19% of the equity of Huirong mining. Huirong mining owns the exploration right of Murong lithium mine in Yajiang County. By the end of December, 2020, the total ore resources (proved + controlled + inferred) of ore bodies I and II in the exploration right are 39.436 million tons, Li2O is 642854 tons, and the average grade of Li2O is 1.63%. The scale of Li2O resources is large, with beryllium, tantalum and rubidium as large deposits, niobium as small deposits, and Sida as medium deposits.