Yuntianhua (600096.SH) participating companies obtained phosphate real estate property rights certificates (mining rights) and mining licenses

Zhitong Finance App News, Yuntianhua (600096.SH) announced that the company's participating subsidiary, Yunnan Yuntianhua Polyphosphorous New Material Co., Ltd. (“Polyphosphorous New Material”), recently completed the certification procedure for phosphate mining rights in Wanchang, Zhenxiong County, Yunnan Province, and obtained the “Real Estate Property Certificate (Mining Right)” and “Mining License” issued by the Yunnan Provincial Department of Natural Resources on December 23.

According to the exploration report, the amount of phosphate ore resources in the Polyphosphorous New Material Bowl Plant is 2,438 million tons, with an average grade of 22.54%. The company holds 35% of the shares in polyphosphorous materials. Yuntianhua Group Co., Ltd., the controlling shareholder of the company, is the controlling shareholder of polyphosphorous materials. Yuntianhua Group Co., Ltd. promised to give priority control of polyphosphorous materials to the company within 3 years after Polyphosphorous New Materials obtains a legal and valid mining license for the Wanchang Phosphate Mine in Zhenxiong County, Yunnan Province.

After obtaining a mining license, new polyphosphorous materials will combine rich local resource endowments to build a new phosphorus-based materials industrial park, give full play to the company's competitive advantages in phosphorus chemical resources, technology, industrial chain, etc., achieve high-value and efficient use of phosphorus resources, continue to promote scale improvement and industrial restructuring, enhance the company's core competitiveness, and have a positive impact on the company's long-term sustainable development.