Liu He

Hunan Nonferrous Metals Co. Ltd. is an investment holding company, which engages in the mining, processing and sale of nonferrous metals. The company operates through three segments: Nonferrous Metal Mine Site, Nonferrous Metal Smelting, and Cemented Carbides, Tungsen, Molybdenum, Tantalum, Niobium and their Compounds. The Nonferrous Metal Mine Site segment involves mining and trading of nonferrous metals. The Nonferrous Metal Smelting segment includes smelting and trading of nonferrous metals. The Cemented Carbides, Tungsten, Molybdenum, Tantalum, Niobium and their Compounds segment encompasses the manufacture and trading of hard alloys and refractory metal compounds. The company was founded on September 1, 2005 and is headquartered in Changsha, China.

Hunan Xingxiang Asset Management Co., Ltd. engages in the operation of state-owned assets and equity as well as investment and consultation related to the above businesses. The company was founded on August 29, 2019 and is headquartered in Changsha, China.

Hunan Xing Xiang Investment Holding Group Co., Ltd. provides capital operation platform services. It operates through the following business segments: Equity operation, Fund investment, Asset management, Financial services, and Strategic emerging industry cultivation. The Equity operation segment performs daily management and professional operation of the equity of provincial-controlled enterprises and listed companies. The Fund investment segment undertakes policy funds and absorbs capital to invest in industries with innovation capabilities. The Asset management segment manages the land, real estate, equity, and claims within the group system. The Financial services segment uses financing tools such as equity financing and debt financing to raise funds for the development of state-owned enterprises. The Strategic emerging industry cultivation segment engages in the incubation of emerging industries such as the new material, military-civilian integration, and modern Chinese medicine industries. The company was founded in September 2006 and is headquartered in Changsha, Hunan.

Central South University Power Metallurgy Research Co. Ltd. was founded in 2001 and engages in the research of power metallurgy. The company is based in Changsha, China and ultimately controlled by the Province of Hunan.