China Tungsten and Hightech Materials announced that the company plans to purchase 100% equity of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. held by Jinyuan Tungsten Group Co., Ltd. and Hunan Woxie Mining Investment Co., Ltd. through issuance of shares and cash payment, and to issue shares to no more than 35 specific investors to raise matching funds. According to the relevant announcement, the Mergers and Acquisitions and Restructuring Review Committee of Shenzhen Stock Exchange is scheduled to hold the 7th Mergers and Acquisitions and Restructuring Review Committee meeting of 2024 on November 15, 2024, to review the company's current transaction.