Premium Rate Exceeds 102%, Transaction Price Is Nearly 140 Million, a Sandstone Mine in Liangshan, Sichuan Is Successfully Sold

On February 20, Yanjiawan Sandstone and Limestone Mine in Wenshui Town, Leibo County, Liangshan Prefecture, Sichuan Province was successfully sold for 20 years, with an initial listing price of 67 million yuan. Tenghong Mining Co., Ltd. of Leibo County won the bid with 136 million yuan, with a premium rate of 102.99%. The estimated resource area of the

project is 0.1574 square kilometers, and a total of 21.647 million cubic meters of sandstone and limestone resources have been identified within the scope of the mining right to be transferred.

According to the Digital Building Materials DataBM. Com, Tenghong Mining Co., Ltd. of Leibo County was established in February 2022 with a registered capital of 50 million yuan, which was co-funded by Yang Yinglian and Arnmuwu, accounting for 70% and 30% of the shares respectively.