On February 21, Galunhui announced that China Env Res (01130.HK) has signed a memorandum of understanding with Goldwin Century Limited regarding potential cooperation on the business development of rare earth projects located in China and other related business opportunities, which will be subject to terms and conditions to be set forth in a separate formal and legally binding agreement.
Goldwin Century is a limited company registered in the British Virgin Islands and is an investment holding company. Through a series of structured contracts, Goldwin Century controls SiChuan Yuanlaishun and benefits economically through its wholly-owned subsidiaries. SiChuan Yuanlaishun is a limited company registered in China, specializing in the research and application of high-performance rare earth magnetic materials and is a national high-tech enterprise that produces and sells rare earth automotive magnetic steel for use in New energy Fund vehicles.
The Director believes that partnering with SiChuan Yuanlaishun can expand the group's product range and enable it to offer a broader array of products, thereby enhancing its trade portfolio and attracting more clients seeking high-performance solutions. Furthermore, acquiring high-quality rare earth magnetic materials can help the group stand out from its competitors, particularly in industries such as electric vehicles and green Technology. By marketing unique products that integrate these advanced materials, the group can effectively meet the growing demand for innovative solutions across its diversified business segments (including Metal recycling and green market applications).
