On December 5th, the signing ceremony for the cooperation project between Dawn Group and Chengde Tianfu Titanium Industry Co., Ltd was held at the Longkou Industrial and Commercial United Hotel in Shandong. Song Huidong, vice president of Dawn Group, Li Jianli, general manager of Shandong Dawn Titanium Industry Company, and Li Xinyu, chairman of Xinyu Metallurgy of Chengde County, Hebei Province, signed an agreement on the equity transfer of Chengde Tianfu Titanium Industry, which marked the new development of the project opportunity.

Liu Xuesong, County Magistrate of People’s Government of Chengde County in Hebei Province, Zhang Yuanjiu, Deputy County Magistrate, Zhang Liguo, Vice Chairman of the Chinese People’s Political Consultative Conference and Director of the Emergency Management Bureau, Ma Zhijiang, Party Secretary of Gaositai Town, Yu Xiaoning, Chairman and President of Dawn Group, Xiao Hui, executive vice president, Wang Xiaoli, director of the investment and financing management department, and other relevant leaders witnessed the signing ceremony.

Signing Ceremony

Tianfu Titanium Industry, formerly a wholly-owned subsidiary of Dawn Group, introduces excellent partners through this equity transfer cooperation to jointly cope with market competition, and adjusts the company's governance structure and internal management system, which will help to further optimize resource allocation, improve operational efficiency, strengthen risk management and control, and build the core competitiveness of the enterprise.

The titanium resources in the Chengde region of Hebei are extremely rich, making it the second-largest titanium industry base in China. Relying on its resource advantages, Tianfu Titanium is engaged in the acquisition, production and sales of iron concentrate powder, titanium concentrate powder, cobalt sulfur concentrate and other mineral products, as well as the sales of titanium powder, titanium ore, and related by-products (cast iron). Through this collaboration, they will fully leverage their technological, market, and managerial advantages to empower healthy development and transformation and upgrading for the enterprise, achieving greater mutual benefits and win-win outcomes.

Visiting Dawn

Currently, Dawn Group is accelerating its strategy to "focus on one circle and three chains, strengthen three major sectors." The titanium industry chain and titanium industry sector are important components of these "three chains" and "three major sectors." It is understood that according to the agreement, the project will supply titanium fine powder that meets the index requirements to Dawn in the future, which is in line with the chain extension idea of "extending titanium ore resources upstream" to ensure stable supply of raw materials and controllable quality, and provide support and guarantee for Dawn's forging and elongating titanium industry chain