On the morning of October 31st, 2023, Panzhihua City Government of Sichuan Province held a Sichuan Panzhihua City characteristic industry investment promotion meeting at Sheraton Shenzhen Futian Hotel. Deng Jun, Executive Vice President of the Group, represented the Group as a special guest to participate in the promotion meeting, and signed a strategic cooperation agreement with the Panzhihua City government at the meeting.

At the meeting, Fan Jiyue, deputy secretary of Panzhihua Municipal Party Committee and mayor, made a speech and investment promotion. He said that Panzhihua has entered the construction period of industrial base marked by health industry and vanadium and titanium industry;As a national strategic resources innovation and development pilot area. Panzhihua vanadium resources reserves third in the world, titanium resources reserves first in the world, is the world's first vanadium products production base and the most complete process titanium industry base in China. At the same time, Panzhihua city is a pilot city in Sichuan Province's water rights and water price reform and a city covered by China-Myanmar oil and gas pipelines, with significant advantages in production factors, and is the first choice for advanced materials and advanced manufacturing of vanadium, titanium and steel.

Nabis Chemistry Group plans to use exclusive acid leaching technology, a total investment of about 12 billion yuan, a total of three phases in Panzhihua City to build an annual comprehensive processing of 4.3 million tons of titanium slag smelting base.That is, a demonstration production line for the annual processing of 300,000 tons of titanium-containing blast furnace slag in the first phase, a standard production line for the annual processing of 1 million tons of titanium-containing blast furnace slag in the second phase and three standard production lines for the annual processing of 1 million tons of titanium-containing blast furnace slag in the third phase, promoting the construction of a national demonstration base for the comprehensive processing and recycling of bulk solid waste such as vanadium and titanium in Panzhihua City.