According to Chinatungsten Hi-Tech's announcement, the company previously considered and approved the acquisition of 99.9733% of Yuanjing Tungsten Industry's shares held by Minmetals Tungsten Industry with 821 million yuan in cash. On December 11, 2025, Yuanjing Tungsten Industry transferred 99.9733% of its shares until the registration procedure for the change under the company name was completed. The transaction completed asset delivery and transfer. Envision Tungsten became its controlling subsidiary and included in the scope of the consolidated statement. The company is required to pay cash consideration within 30 working days after the delivery procedure, and all parties involved in the transaction must continue to fulfill the relevant agreements and commitments.

According to Chinatungsten Hi-Tech's announcement, the company previously considered and approved the acquisition of 99.9733% of Yuanjing Tungsten Industry's shares held by Minmetals Tungsten Industry with 821 million yuan in cash. On December 11, 2025, Yuanjing Tungsten Industry transferred 99.9733% of its shares until the registration procedure for the change under the company name was completed. The transaction completed asset delivery and transfer. Envision Tungsten became its controlling subsidiary and included in the scope of the consolidated statement. The company is required to pay cash consideration within 30 working days after the delivery procedure, and all parties involved in the transaction must continue to fulfill the relevant agreements and commitments.