Investment Overview - The company, Baotou Tianhe Magnetic Material Technology Co., Ltd., is responding to national policies aimed at building "two rare earth bases" by planning to invest in a high-performance rare earth permanent magnet and component manufacturing and R&D project through its wholly-owned subsidiary, Baotou Tianhe New Materials Technology Co., Ltd. The total investment for the project is estimated at 850 million RMB [1] - The project will be completed in two phases, with the first phase requiring an investment of 210 million RMB. The second phase will commence based on market conditions after the first phase reaches production capacity [1] Investment Agreement - Tianhe New Materials has signed an investment agreement with the Baotou Rare Earth High-tech Industrial Development Zone Management Committee for the first phase of the high-performance rare earth permanent magnet and component manufacturing and R&D project [2] Progress of Investment - Recently, Tianhe New Materials obtained the "Real Estate Property Certificate" from the People's Republic of China. The certificate details include: - Certificate Number: NO 15000333305 - Property Rights Holder: Baotou Tianhe New Materials Technology Co., Ltd. - Land Use: Industrial land - Area: 44,712.65 square meters - Usage Period: From October 10, 2025, to October 9, 2075 [3]
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