According to Northern China Mining, Northern Mining stated that it has entered into a framework agreement with Shougang Holding and Zhongju International Holdings to acquire the operating company of the fluorite mine owned by the two companies. The company is principally engaged in the mining and processing of fluorspar mines, as well as technologies such as lithium hexafluorophosphate, lithium iron batteries and fluorinated industrial products; it also obtained mining warrants and exploration rights certificates for fluorite mines in Qinghai.

With regard to the purchase price still to be confirmed, Northern Mining will pay for the issuance of consideration shares or convertible bonds in cash and at an issue price of 0.25 yuan; the issue price is lower than the closing price of 0.29 yuan on Friday (3rd). Let about 13.8%.