Sinomine Resource Group Co.Ltd(002738) announcement: in order to increase the reserves of lithium mineral resources of the company and improve the self-sufficiency rate of raw materials in the lithium salt business of the company, on January 29, 2022, the wholly-owned subsidiary of the company, Hong Kong Zhongkuang rare, signed the share and debt sale agreement with AMMS and Samm, Hong Kong China Mining rare intends to acquire 100% equity of 1 AFMIN and 2 amzim100% equity of the transaction object jointly held by AMMS and Samm at the benchmark consideration of US $180 million. At present, AFMIN and amzim, the subject of the transaction, jointly hold 74% equity of bikita. The main asset of bikita company is the bikita lithium project in Zimbabwe. Bikita is implementing internal restructuring and share repurchase cancellation. If the final internal restructuring of bikita is approved by the government, the company will hold 99.05% equity and corresponding related creditor's rights of bikita; If the final internal restructuring of bikita is approved by the government and the implementation of share repurchase and cancellation is completed, the company will hold 100% equity and corresponding related creditor's rights of bikita. Bikita lithium mine project is in the production stage, and the main products are technical grade lithium permeable feldspar concentrate and cesium garnet concentrate with high grade and low impurities.
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