About REMT Company

Dilute Magnesium Technology Group Holding Co., Ltd. (stock code: 00601) (“Thin Magnesium Technology” or the “Group”) is a subsidiary of Century Sunshine Group Holdings Limited (HKEx stock code: 00509). The Group's main business is to develop, produce and sell magnesium alloy series products made of new materials. Its production base is based in Hami City, Xinjiang and Baishan City, Jilin Province. Our R&D team includes consultants and experts from the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences. With the expertise and technical advantages of the R&D team, the Group has a leading edge in developing high-end rare earth magnesium alloy products. The Group's magnesium production base in Xinjiang originates in Hami City, Dongdaemun, Xinjiang. It is a strategic center along the Belt and Road in China. Moreover, the Hami region is rich in products and has high-quality and inexpensive coal and dolomite mineral resources, which provide good conditions and impetus for the further development of the magnesium industry for the Group. The magnesium metal production line that has been built at the Xinjiang production base has an annual production capacity of 25,000 tons and 900,000 tons of blue carbon production lines, and production facilities with an annual production capacity of 100,000 tons are being built with government approval. The Baishan base is close to the dolomite mine, and the supply of raw materials is stable. After the production line expansion plans for the two production bases are completed and put into operation, the total production capacity of magnesium alloys will exceed 170,000 tons, entering the leading position among global magnesium producers. Currently, the Group has 12 technical patents for production processes and preparation methods for high-performance rare earth magnesium alloys. Among them, rare earth magnesium alloy patented technology products have been successfully applied in aerospace vehicles. The Group will also fully adopt the advanced and mature process technology and equipment of China's magnesium industry, give full play to the advantages of energy saving and consumption reduction, environmental friendliness, high quality and efficiency, continuously accumulate new momentum for high-quality enterprise development through technological innovation and innovation, enhance the core competitiveness of enterprises, modernize production technology, promote the industrialization of scientific and technological achievements, and strive to lead a new era of high-tech development in the magnesium industry. Magnesium alloy materials have many excellent properties such as light weight, high strength, vibration and noise reduction, resistance to electromagnetic radiation, green environmental protection, and rich resources. They are “the green engineering materials with the greatest potential for development and application in the 21st century”, and have become a global application research hotspot and development focus. It has received widespread attention from many fields and related industries, and is mainly used in the fields of automobiles, rail transit, 3C electronic products, and aerospace. In the “13th Five-Year Plan” development plan for the national non-ferrous metals industry, the consumption demand and production of major non-ferrous metals in 2020 is forecast. Magnesium is included in the five major varieties, with an annual growth rate of 7.1%, making it the metal variety with the highest average annual growth rate. Magnesium metal is considered to be the third largest metal structural material after steel and aluminum alloys. In particular, magnesium alloy products have shown excellent performance when applied in the fields of aerospace, defense, transportation, and high precision technology. Today, when the “green economy” continues to deepen, the magnesium alloy industry will usher in a new era where it has received much attention, vigorous development, and widespread application.