About REMT Company

Magnesium Technology Group Holdings Co., Ltd. (stock code: 00601) (“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, manufacture and sell a series of new magnesium alloy products. Its production base is based in Hami, Xinjiang and Baishan City, Jilin Province. Our R&D team includes consulting experts from the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences. With the professional 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 metal production base in Xinjiang is based in Hami City, Dongdaemun, Xinjiang, and is a strategic center along the Belt and Road Initiative in China. Furthermore, the Hami region is rich in products, and high-quality and inexpensive coal and dolomite mineral resources provide good conditions and impetus for the Group to further develop the magnesium industry. The magnesium metal production line currently built at the Xinjiang production base has an annual production capacity of 0.025 million tons and 0.9 million tons of blue carbon production lines, and a production facility with an annual production capacity of 0.1 million tons has been approved by the government. The Baishan base is close to the dolomite mine, and the supply of raw materials is stable. After the two production line expansion plans are completed and put into operation, the total production capacity of magnesium alloy will exceed 0.17 million tons, entering the leading global magnesium metal producer. Currently, the Group has 12 technical patents for high performance rare earth magnesium alloy production processes and preparation methods, of which 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, continue to accumulate new momentum for high-quality enterprise development through technological innovation and innovation drive, enhance the core competitiveness of enterprises, modernize production technology, promote the industrialization of scientific and technological achievements, and commit to leading 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, electromagnetic radiation resistance, environmental protection, and rich resources. They are “the green engineering material 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. According to the “13th Five-Year Plan” development plan for the national nonferrous metals industry, magnesium is included in the five major non-ferrous metal consumption demand and production forecasts for 2020, 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 alloy. In particular, magnesium alloy products have shown excellent performance 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 of great attention, vigorous development, and widespread application.