Hainan Mining(SH:601969) Zheng Quan Ri Bao·2026-02-09 22:56Overview - The company is planning a transaction involving the acquisition of 69.90% equity in Fengrui Fluorine Industry through the issuance of shares and cash payment, which will make Fengrui a subsidiary of the company [43][9]. Transaction Details - The transaction will involve raising supporting funds not exceeding 100% of the transaction price through the issuance of shares to no more than 35 specific investors [51]. - The share issuance price is set at 8.60 yuan per share, which is not less than 80% of the average trading price over the previous 120 trading days [46][42]. Business Impact - The transaction aims to expand the company's business into the fluorite mining sector, enhancing its resource control capabilities and aligning with its strategic focus on strategic resources [38][9]. - The fluorite industry is expected to maintain a high level of prosperity due to increasing demand from various sectors, including new energy and semiconductor industries [40][41]. Industry Context - The fluorite industry is experiencing growth driven by diverse applications in the fluorochemical sector, with production expected to rise from approximately 402.8 million tons in 2023 to nearly 507 million tons by 2027 [35]. - Fluorite has been classified as a strategic mineral in China, with significant implications for national security and economic development [36][37]. Regulatory Compliance - The transaction is subject to approval from the company's board of directors, shareholders, and regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [12][3]. - The company has committed to strict information disclosure and compliance with relevant laws and regulations to protect investor rights [15][16].