Zangge Holdings: at present, the company has completed the pilot production of magnesium-based functional materials.

Some investors asked on the investor interactive platform: Hello, Mr. Cao, the era of lightweight cars is coming, and the price of magnesium has skyrocketed recently. how many magnesium reserves do you control? Is there any follow-up plan for the development and extraction of magnesium salts or magnesium ingots?

000408.SZ said on the investor interactive platform on October 23rd that the company has now completed the pilot production of mg-based functional materials, and the technical department has submitted a feasibility study report to the company, conducted a full analysis of investment costs and benefits, and decided when to invest in construction and investment output after consideration by the company.