Tianqi Shares, Changan Automobile and others established Chenzhi Anqi Recycling Technology Co., Ltd.

Tianqi Shares, Changan Automobile and other companies jointly established Chenzhi Anqi Recycling Technology Co., Ltd. with a registered capital of RMB 180 million. The company's shareholders include Tianqi Shares, China Changan Automobile Group Co., Ltd. and Changan Automobile. Its business scope covers the sales of new metal functional materials, the smelting of rare rare earth metals and the smelting of commonly used non-ferrous metals.