Great Wall Securities recently released an announcement that its wholly-owned subsidiary Guiyang Great Wall Mining Co., Ltd. won the exploration rights of kaolin mine in Dachongli Mine Area, Guiyang County, Hunan Province, with a bid of 37.6 million yuan. The mine area mainly contains two types of minerals, namely, kaolin (associated with lithium) and vein-type tin-lithium ore.

Previously, in June this year, Guiyang Great Wall New Materials Co., Ltd., a wholly-owned subsidiary of the company, signed the "Contract for Entry into the Park for the Annual Production of 40,000 Tons of Lithium Carbonate Smelting and Processing Project" and the "Supplementary Contract for Entry into the Park for the Annual Production of 40,000 Tons of Lithium Carbonate Smelting and Processing Project" with the Guiyang High-tech Zone Management Committee and Guiyang County Industrial Park Construction and Development Co., Ltd. Guiyang Great Wall New Materials Co., Ltd. plans to settle the annual production of 40,000 tons of lithium carbonate smelting and processing project in Guiyang County Non-ferrous Technology Industrial Park.