Baowu Magnesium: Plans to publicly list and transfer Xuyi assets with a listing base price of 117 million yuan

Baowu Magnesium announced that the company plans to sell industrial real estate and machinery located in Xuyi County, Huai'an City through a public listing, with a starting price of 117 million yuan. This transaction will be conducted through a public listing, and the final trading counterpart and trading price are uncertain, making it currently impossible to determine whether it constitutes a related party transaction. The transaction does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." The proceeds from the transaction will be used to supplement working capital, aiming to optimize resource allocation, revitalize existing assets, and promote the company's continuous, stable, and healthy development