KINGLAND TECHNOLOGY(SZ:000711) Jin Rong Jie·2025-12-23 12:12Group 1 - The company plans to acquire a 51% stake in NORTH WEST VANADIUM PROPRIETARY LIMITED (NWV) for a price of 1 million USD, which will make NWV a subsidiary of the company after the transaction is completed [1] - NWV's main asset is an exclusive exploration right for a vanadium-titanium magnetite mine, with a total ore volume of approximately 101.6 million tons and an average vanadium pentoxide content ranging from 1.80% to 1.86% [1] - The transaction has been approved by the company's 11th Board of Directors' 21st temporary meeting and does not require submission to a shareholders' meeting, nor does it constitute a related party transaction or a major asset restructuring [1] Group 2 - The company acknowledges potential risks associated with overseas business operations, the uncertainty of obtaining mining rights, and the time required to achieve economic returns from commercial mining [1]