Huahong Science and Technology: the company and Southern rare Earth jointly build a comprehensive utilization project for the treatment of 60,000 tons of magnetic waste per year, which is still in the construction stage.

Some investors asked Huahong Technology on the investor interactive platform: after reading the reply of convertible bonds, I would like to ask Mr. Zhu, 1, since the recovery capacity of rare earths in Xintai Technology is limited, will the production capacity index increase every year in the future? 2. More than 70% of the annual target has been sold in the first half of the year. Even if the price of rare earths rises again in the second half of the year, the quantity of rare earths that can be sold is still limited. 3. After Ganzhou Huazhuo was put into production, the supply of waste was sufficient, but under the general control of the index, how to expand production? Is there any target control for Huazhuo to recover the rare earths produced from the waste of old rare earths?

Huahong Technology (002645.SZ) said on the investor interactive platform on October 14 that the company will strive to increase its rare earth oxide production capacity to meet the needs of production and operation through mergers and restructuring of spare capacity, technological upgrading and other means, on the premise of being in line with industrial policy. At present, the production and operation of the company is stable, and the utilization rate of production capacity is good. In the future, combined with the changes in the market, the company will carry out production and operation activities in accordance with The company, together with southern rare earths, to build an annual comprehensive utilization project for the treatment of 60,000 tons of magnetic waste is still in the construction stage, and the company is stepping up the construction of the project, which is progressing smoothly. The operation of the company shall be subject to the disclosure of information to the public.