Luoyang molybdenum: 25%equity of the subsidiary KFM Holdings has been transferred to the new energy of the times

On July 21, 2022, the A -share company Luoyang Molybdenum (603993.SH) announced that the 25%equity of the subsidiary KFM Holdings Co., Ltd. was transferred to the new energy of the times on July 21, Beijing time.

After the equity transfer was completed, the company and Bangpu era indirectly held 71.25%and 23.75%of the Kisanfu copper cobalt mines in the Congo (Gold).

Luoyang's molybdenum said that the completion of the KFM control equity transfer is an important start to implement the company and partners in comprehensive strategic partnerships in the field of new energy and metal resources. It is also an important step in promoting the implementation and construction of KFM project development and subsequent all -round cooperation.The two parties will continue to pay attention to the development trend of the industry and contribute to all stakeholders and the development of the new energy industry.

Note: The wholly -owned subsidiary of the Ningde Times indirect holding company Bangpu Times was Hong Kong Bangpu Times New Energy Co., Ltd. (referred to as "Times New Energy").

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