Transaction Price Exceeds 80 Million yuan, Mining Right of a Construction Diabase Mine in Suizhou, Hubei Province Successfully Transferred

On February 18, the mining right of diabase mine for construction in Caojiawan, Zengdu District, Suizhou City, Hubei Province was successfully sold for 12.9 years, with an initial listing price of 83.3073 million yuan. Hubei Trading Handu Mining Development Co., Ltd. won it with 83.5 million yuan, with a premium of 192.7 million yuan. The mining area of the

project is 0.3846 square kilometers, and the amount of diabase ore for construction within the mining area is 16.267 million cubic meters.

According to the Digital Building Materials DataBM. Com, Hubei Trading Handu Mining Development Co., Ltd. was established in December 2022 with a registered capital of 20 million yuan, which was co-funded by Hubei Trading Suizhou Investment and Development Co., Ltd. and Suizhou Zengdu District Rural Revitali zation and Development Investment Co., Ltd., accounting for 51% and 49% of the shares respectively.