Inner Mongolia Xingye Silver&Tin Mining announced that the company intends to use its own funds and self-raised funds of 2.388 billion yuan to acquire 85% equity of Yubang Mining held by Guocheng Mining, Li Zhenshui, and Li Ruinyang. Yubang Mining's core asset is the mining rights of the Silver-Lead Mine in the Shuangjianzi Mountain Mining Area located in Balin Zuoqi, Inner Mongolia Autonomous Region. After the completion of this Trade, the company will become the controlling Shareholder of Yubang Mining.