Recently, Western Mining (601168. SH) announced that its wholly-owned subsidiary, xikuang vanadium Technology Co., Ltd., plans to absorb and merge its joint-stock subsidiary, Subei Huatai Bolun Energy Co., Ltd. In order to give full play to the characteristics and advantages of vanadium products, integrate the company’s existing stone coal power generation and vanadium smelting product resources, build a complete vanadium development technology industry chain, and build a domestic advanced vanadium industry base.

According to the appraisal value of net assets of 183787800 yuan and the appraisal value of all equity of 7018000 yuan, xikuang vanadium technology absorbed and merged Huatai Bolun. It is determined that the total equity evaluation value of xikuang vanadium Technology Co., Ltd. after the merger is absorbed is RMB 254 million, and Beijing Huatai Runda Energy Saving Technology Co., Ltd. holds the equity proportion of xikuang vanadium Technology Co., Ltd. The appraisal value of equity held by the company after the merger is 215 million yuan, corresponding to 84.83%; the appraisal value of equity held by Beijing Huatai after the merger is 38.510 million yuan, corresponding to 15.17%.

After the merger, the registered capital of xikuang vanadium Technology Co., Ltd. is 208.5 million yuan. It consists of the registered capital of RMB 170 million of xikuang vanadium technology before the merger and the registered capital of RMB 70 million of Huatai Bolun less the registered capital of RMB 31.5 million corresponding to 45% of Huatai Bolun held by xikuang vanadium technology.

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