LFX(SH:600612) Ge Long Hui A P P·2025-09-15 08:33Group 1 - The company, Lao Feng Xiang, announced the establishment of Lao Feng Xiang Precision Materials Company with a registered capital of 50 million RMB, where its subsidiary, Shanghai Lao Feng Xiang Jewelry Research Institute, will contribute 35 million RMB, accounting for 70% [1] - The total investment for the project is expected to be no more than 215 million RMB, with 50 million RMB contributed by shareholders and the remaining amount to be financed through debt [1] - Lao Feng Xiang Precision Materials Company will primarily produce gold bars that meet the certification standards of the Shanghai Gold Exchange and will gradually expand into refining other precious metals such as platinum, palladium, rhodium, silver, and titanium [1] Group 2 - The project aims to establish a precious metal research and production base within Shanghai, promoting breakthroughs in new materials and processes, thereby filling the current gap in the precious metal industry in Shanghai [2] - The expansion of the company's gold business will provide essential material support for jewelry manufacturing, enhancing supply chain control and product added value [2] - The initiative is designed to lay the foundation for providing high-end metal materials to multiple industries, achieving mutual benefits and sustainable development for the three cooperating parties [2]