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China Daye Non-Ferrous Metals Mining Limited ("China Daye" or "The Group"; stock code: 661.HK) is the first state-owned enterprise in Hubei Province listed in Hong Kong. It serves as a platform for Daye Non-Ferrous Metals Company ("Daye Non-Ferrous") to tap the international capital market. The Group specializes in the exploration and development of non-ferrous mines.

At present, Daye Non-Ferrous holds 20.8% stake in China Daye. Daye Non-Ferrous has more than 50 years of experience in the non-ferrous metal industry. It is one of the five biggest raw copper producers in mainland China and the fourth biggest company of its kind in terms of cathode copper production capacity and sales revenue. It has operations in southeast Hubei, the Yangtze River Delta, the Pearl River Delta, Hunan, Xinjiang, Hong Kong, Kyrgyzstan and the Republic of Mongolia. As a large-scale, state-owned enterprise in Hubei, Daye Non-Ferrous can help improve the mine exploration, exploration and selection technology of China Daye and refine the Group’s mine management skills.

The Group currently owns eight copper, molybdenum and wolfram mines, which are respectively located in Republic of Mongolia and the Xinjiang Uyghur Autonomous Region. The Group has singed a strategic cooperation framework agreement with the large-scale, state-owned enterprise Xinjiang Non-Ferrous Industrial (Group) Limited and the People’s Government of the Kazakhstan Autonomous Prefecture in Yili, Xinjiang. Under the agreement, the Group will focus on integrating and developing the five ore-forming districts of Yili. The cooperation suggests the Group has secured backing from the local government and state-owned enterprises and that the industry has a great development prospectesent, Daye Non-Ferrous holds 20.8% stake in China Daye. Daye Non-Ferrous has more than 50 years of experience in the non-ferrous metal industry. It is one of the five biggest raw copper producers in mainland China and the fourth biggest company of its kind in terms of cathode copper production capacity and sales revenue. It has operations in southeast Hubei, the Yangtze River Delta, the Pearl River Delta, Hunan, Xinjiang, Hong Kong, Kyrgyzstan and the Republic of Mongolia. As a large-scale, state-owned enterprise in Hubei, Daye Non-Ferrous can help improve the mine exploration, exploration and selection technology of China Daye and refine the Group’s mine management skills.

Demand for non-ferrous metals is huge in China and their prices are rising continuously. With the government’s support for the industry and the backing from Daye Non-Ferrous for China Daye, the Group is in a good position to capture growth opportunities, enhance its position in the non-ferrous metal industry and boost its technological strength at a time of industry consolidation. With the growth of its mine resources segments, the Group should be able to achieve economies of scale and reinforce its own value.