China Baoan 20 million Participation Graphite Company

China Baoan agreed to wholly-owned subsidiary China Baoan Group Holdings Co., Ltd. and natural persons Hou Yuqi and Hou Xuyi jointly established Heilongjiang Baoan New Energy Investment Co., Ltd. with a registered capital of RMB 30 million, of which Baoan Holding invested RMB 20 million, accounting for 66.67%.
The business scope of Heilongjiang Baoan New Energy Investment Co., Ltd. is: development, production and sales of graphite mining and graphite products and related industries; investment in new energy industry. It is reported that Shenzhen Baite Rui New Energy Materials Co., Ltd., a holding subsidiary of China Baoan, is a high-tech enterprise specializing in processing anode materials for lithium ion batteries from graphite ore. China Baoan believes that the establishment of Heilongjiang Baoan New Energy Investment Co., Ltd. aims to build a complete graphite product industry chain with Beitray as the industry leader and improve graphite products through investment cooperation with resources such as Heilongjiang, which is rich in graphite resources. The overall value of the company creates good economic benefits for the company.

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