On January 20, 2024 local time, the first batch of more than 2,000 tons of nickel matte products from CNGR Indonesia's Morowali Industrial Base was loaded at the dock of the park and sailed to Qinzhou Port in China. After 10 days of sea voyage, the cargo ship arrived in Qinzhou, Guangxi Province on January 30, which is another raw material base that has successfully docked with CNGR Qinzhou Industrial Base and realized interconnection after CNGR Indonesia Weidabei Industrial Base, which further connects the company's domestic and international dual-cycle industrial layout and helps CNGR's global supply chain and market competitiveness to steadily increase. The shipment of the first batch of glacial nickel from the Morowali Industrial Base to China fully demonstrates that CNGR's OESBF project in Indonesia is gradually realizing project benefits and becoming another guarantee channel for CNGR's nickel, cobalt and other core metal raw materials. Since CNGR Indonesia's Morowali Industrial Base, the world's first OESBF production line for the preparation of low-ice nickel from laterite nickel ore has been put into operation, after continuous debugging and optimization, the production line has entered the stage of "mass production and stable production", marking that CNGR has become the first enterprise in the world to master this process for smelting laterite nickel ore.

As one of the three major processes for smelting laterite nickel ore in the world, the OESBF process has considerable advantages in terms of energy consumption, carbon emissions, production capacity, and raw material adaptability compared with other processes. In terms of energy consumption, the OESBF process does not have a "heat-electricity-heat" conversion process, and the energy utilization efficiency is higher. In terms of production capacity and raw material adaptability, the process has low requirements for the grade, moisture and particle size of laterite nickel ore, rapid response, high unit productivity, nickel recovery rate of more than 93%, and can recover associated cobalt to maximize the value of mineral resources. In terms of emissions, the process smelting slag can be used for building materials, without the risk of environmental pollution, to achieve reuse, the total dust collection rate of the process is 99.94%, and the desulfurization rate can reach more than 99%. According to the plan, a total of 6 OESBF production lines will be built in the Morowali Industrial Base, of which two production lines in the first phase of the project have been completed and put into operation, each production line can achieve an annual output of 10,000 metal tons of nickel. In 2024, with the goal of "achieving production and efficiency", Morowali Industrial Base will further mobilize the enthusiasm of Chinese and Indonesian employees, give full play to the core values of "truth-seeking, innovation, enterprising and win-win" of Zhongwei people, comprehensively promote the improvement of the comprehensive benefits of the project, and give full play to the maximum potential of the process. With the commissioning of the three major industrial bases of CNGR Indonesia, Morowali, Weidabei and North Morowali, the core nickel metal raw materials of CNGR's new energy materials will also be continuously transported back to China, forming a cross-regional integrated industrial complex with CNGR's major domestic industrial bases to achieve international production. In the future, the raw materials produced by CNGR Indonesia will also be supplied to CNGR South Korea, Morocco and other international industrial bases, and serve the global market with global production and global organization, which will become the norm of the new energy material industry chain in the future, and CNGR will also unswervingly promote the strategy of "developing globalization" to meet the needs of global customers with a more stable and safer supply chain, better products and better services.

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