[China Union Holdings: Canada’s FIRES to Further Review Lithium Brine Investment]

On September 29, Sichuan Development Lomon announced that Jinchuan Guotuo Mining Co., Ltd., a subsidiary of its controlled subsidiary, recently completed the renewal of the detailed exploration right for the Simancuogou spodumene mine (Preferred Project) in Jinchuan County, Sichuan Province, and received a Mineral Resources Exploration License issued by the Ministry of Natural Resources. The license is valid from August 18, 2026 to March 29, 2031.

On September 28, Sanxia New Material announced that it plans to acquire no less than 53.14% of Zhuhai Saiwei Electronic Materials Co., Ltd. by issuing shares and paying cash, a deal expected to constitute a major asset restructuring. The company’s shares will be suspended from September 29, 2026, with the suspension expected to last no more than 10 trading days. The target company is mainly engaged in the R&D and production of electronic specialty materials such as lithium-ion battery electrolytes and new membrane materials, and holds a hazardous chemicals production license.

On September 29, the China Association of Automobile Manufacturers (CAAM) published an article titled “FAW and GAC’s Strategic Cooperation Provides a New Model for High-Quality Industrial Development.” It said that, objectively speaking, corporate equity cooperation and strategic restructuring involve assets, personnel, debt, and local interests. Cross-regional integration still faces practical problems such as the transfer of production capacity quotas, tax revenue sharing, and long approval chains, which to some extent constrain industrial consolidation and high-end development. CAAM will continue to serve as a bridge between the government and enterprises, promptly collect and report the difficulties and demands encountered by enterprises during integration, and call on relevant parties to improve supporting policies in areas such as capacity replacement, tax revenue sharing, asset disposal, and personnel resettlement, so as to clear obstacles for market-based integration. At the same time, CAAM will strengthen operations monitoring and industry self-discipline, promote typical experience in resource integration, guide enterprises toward rational development, orderly competition, and collaborative innovation, and foster an industrial ecosystem featuring survival of the fittest and collaborative progress. This will inject stronger momentum into the high-quality development of China’s intelligent connected new energy vehicle industry and accelerate the building of a world automotive power.