Zangge Mining Company Limited (000408.SZ) Subsidiary Plans to Invest Up to 659 Million Yuan in Jiangsu Cangqing Fund Expansion

Stock News10-16

Zangge Mining Company Limited (000408.SZ) announced that its wholly-owned subsidiary, Zangge Mining Investment (Chengdu) Co., Ltd. (referred to as "Zangge Mining Investment"), intends to participate in the subscription of the expanded shares of the Jiangsu Cangqing Fund, with an investment amount not exceeding 659 million yuan. The funding for this subscription will come from its own resources. The announcement stated that this additional subscription to the Jiangsu Cangqing Fund will help secure the realization of the company's previous investments, enhance overall investment returns, and jointly support the cultivation and development of operational projects by introducing multiple funding sources, thereby further strengthening the company's sustainable development capabilities and comprehensive competitiveness in the lithium extraction field from salty lakes.

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