Rare Resources, China's largest tantalum and niobium metallurgical producer, has been successfully listed on the main board of the Hong Kong Stock Exchange.

SMM3, March 12: on the morning of March 12, 2020, rare Resources Holdings Limited (hereinafter referred to as rare Resources, stock code 09936.HK) solemnly held a bell ringing ceremony for the listing of the main board on the Hong Kong Stock Exchange.

Mr. Wu Ligue, founder, Chairman and Chief Executive Officer of rare Resources, attended the bell ringing ceremony.

Rare Resources its domestic operator is Guangdong Zhiyuan New Materials Co., Ltd. (Guangdong Zhiyuan), established in 2006, located in Qingyuan Yingde, Guangdong Province, is the largest manufacturer of tantalum and niobium hydrometallurgical products in China, and the only local enterprise listed on the main board in Hong Kong.

Guangdong Zhiyuan in tantalum and niobium front-end wet process products intensive cultivation, with excellent product quality, leading extraction technology and forward-looking business decisions, step by step to become a leader in the industry, established its leading position in the production and manufacture of tantalum and niobium hydrometallurgical products, its products occupy more than 30% of the domestic market share.

It is reported that Xianmei Resources issued 75 million shares, at the issue price of 2.32 Hong Kong dollars, the total amount raised 174 million Hong Kong dollars. The main purpose of this listing is to achieve sustained business growth and consolidate the company's leading position in the industry.

Mr. Wu Ligue said that the listing of rare resources on the Hong Kong motherboard is not only an important milestone in the history of the company, but also a new starting point for leading the world from the mainland leader. In the future, it will shoulder the responsibility and bear in mind the mission, not only leading the scientific and technological innovation of the tantalum and niobium industry, but also promoting the standardization and sustainable development of the industry. In the future, we will rely on the capital platform to speed up industrial development, and plan the future and refine management according to the six core principles of "resource is king, technology is driven, operation is leading, talent is strong, management is the key, mechanism innovation". The company plans to expand resources upward, extend the technology and industrial chain downward, improve the overseas purchase and sale network, enhance the international competitiveness of rare resources, and create a world-class tantalum and niobium industry benchmark enterprise.