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Hui Rong Mining (equity participation)

Shengtun Lithium, a wholly-owned subsidiary of the company, currently has a total stake in Huitong Mining of 25.19. Hui Rong Mining has the right to prospecting for wood velvet lithium ore in Yajiang County. By the end of December 2020, a total of 39.436 million tons of ore resources have been obtained (proven + controlled + inferred) for the I and II orebodies in the prospecting right, 642,854 tons of Li2O, with an average Li2O grade of 1.63. The scale of Li2O resources is large, with beryllium, tantalum and rubidium deposits associated, niobium deposits associated with small deposits and Cida deposits associated with medium deposits.