Anhui Hanhai New Material Co., Ltd.

Anhui HanHai New Material Co., Ltdis engaged in production of "rareearth permanent magnet material" (NdFeB rare earth permanent magnet) forthe main business; The Company is the first investment of rare earth permanent magnet material production enterprise in Liu'an Economic and Technological Development Zone, it has now been completed and the completion of the pre-approval procedures for the design of the plant to be built, is expected to enter the construction in June phase, completed at the end of plant, equipment installation and commissioning,The company covers an area of 100 acres, the registeredcapital is 50 million yuan. With the recent development of internationallymagnetic industry , the application space of rare earth permanent magnetmaterial continues to expand, currently widely used in wind power generation ,oil and energy, automotive industry, permanent magnet motors, electro-acousticsound, medical equipment, digital electronics, mobile phone industry, ITindustry and other fields. The currently domestic output value of rare earthpermanent magnet material is 50 billion, in order to further expand thecompany's market share and seize the good opportunity of rapid development, andestablish own production base,