Huirong mining (equity participation)
Chengtun Lithium, a wholly-owned subsidiary of the company, currently has 41.20% of the shares of Huirong Mining. Huirong Mining has Yajiang Murong Lithium exploration rights. By the end of December 2020, the total (measured + indicated + inferred) ore resources of no. I and II ore bodies in the exploration right area are 39.436 million tons and 642,854 tons of Li2O, with an average grade of Li2O of 1.63%. The scale of Li2O resources is large, with beryllium, tantalum and rubidium as major minerals. Associated niobium is with small deposit size, and associated cedar is with medium deposit size.