Entering the industry integrated industry layout industry - Long wei Group has become the largest shareholder of the Oriental industry.

On November 8, 2019, Long YuliLian Group and China Nuclear Industry Group signed the Agreement on the Transfer of Shares of Guangdong Oriental Yanye Technology Co., Ltd., and the Company intends to acquire 9721.0818 million rmb common shares held by China National Nuclear Group by way of the agreement transfer, accounting for 15.66 percent of the total share capital of Oriental Yiye, with a transfer price of RMB873 million.
Commissioned by Group Chairman Xu Gang, Group Finance Director Shen Qingfei, Secretary of the Board of Directors Zhang Haitao to participate in the signing ceremony of the agreement transfer
On the acquisition of shares of Oriental Yiye, on the morning of November 9, LongYi Group held a senior management meeting, the main venue is located in the headquarters multimedia conference room, Deyang Company, Puyang Company, Panzhihua Company, Yunnan Xinli Titanium Industry and other branch venues. Attending the meeting were group directors, supervisors, company executives and six production base management team, the head of the branch of the base, Weiner ceramics and other participating subsidiary management team

. The meeting was chaired by Assistant To the President of the Group, Mr. Yu Ming.
, the finance director of the Shanghai Group, briefed the meeting on the acquisition of Oriental Yanye. He gave a brief introduction to the production and operation of the Oriental Industry. On September 13, 2007, Oriental Ziye was successfully listed on the Shenzhen Stock Exchange, and is a key high-tech enterprise specializing in the research and development, production and operation of tantacer and tantae products. At the same time, Shen also described the Group's efficient share acquisition process. On September 28, 2019, Oriental Yanye issued the Announcement on the First Major Shareholder's Proposed Agreement to Transfer shares of the Company and the Public Acquisition of Transfered Parties, and in early October, it was informed of the transfer announcement, and after the National Day holiday, under the leadership of Xu Dong, various consultations were carried out, and the acquisition was one of the few cases in the history of the development of China's securities market.
, party secretary and chairman of the Group, made detailed statements and important instructions on the merger and acquisition matters and the next work arrangements. He said there were four reasons for choosing to acquire Oriental. First, in the long-term development process, the company has always been the main industry, it has a profound emotional support. To this day, the production process for zirconium oxide and other related tantalum products is still preserved. Second, Oriental Industry is a company specializing in product development and sales, related products, complete business, its nuclear industry is among the best in the country, the company has core competitiveness in the field of Zirconium industry. Third, as the second largest industry of Longyu Lilian, its importance is significant, in the realization of acquisition and holding, and strive to develop the titanium tantail industrial park is being developed to become an integrated industrial chain based on coke, the national layout. Fourth, the production, technology and market complementarities of the dragon's coil and the Oriental industry have been very complementary, paving the way for the next step in the production of metal palpitum, sponge tantail and the development of new projects. On the overall planning after the merger, Xu Dong put forward: First, give full play to the synergy and complementary effects. After the merger and acquisition, first of all, in the production, technology, market and management to give full play to the synergy and complementary effects, requiring the management team of Oriental Industry to acquire Sichuan Longyu titanium industry model as a template, attach great importance to, combined with the actual, perfect details, strict implementation. The second is to clarify the "titanium niobium symbly, the development of the two wings" of the new direction of industrial development, the formation of a new pattern of titanium niobium industry nationwide. At the same time, the two development directions of titanium and tantaium industry should be consistent. Third, it is necessary to set up a professional inspection team to integrate resources. Fourth, the industry gathered a large number of outstanding talents, the industry competition is fierce, to make full use of the platform advantages of the two listed companies, the use of capital markets, the integration of domestic industry.
" enterprise development is the true meaning of the ancient times, is the only way we must unswervingly go on. "For the company's future development ideas, Xu Dong is an analysis. At the same time, he requested that we must always adhere to the "investment in good projects" and "mergers and acquisitions to expand the scale" two-legged walk, in order to achieve long-term and rapid development of the company; Dry, acquisition, mergers and acquisitions as the core of the capital operation team, for the effective development of mergers and acquisitions work to lay the foundation, in order to promote the rapid development and transformation of enterprises, the company's core leaders should take the initiative to learn acquisitions, mergers and acquisitions related knowledge, at the same time, but also to fully emancipate the mind, will land work, complete the task in the first place, the courage to explore, seize the opportunity, steady, in the prevention of risks at the same time, promote the rapid development of the Longyu Lilian Group.
with only two months left in 2019, Xu Dong made a request for specific work years ago. First, we should grasp the first two months of time, from the production, quality, sales, revenue and other dimensions, a comprehensive comparison of the beginning of the year plan and the actual completion of the situation, for the weak points to focus on complementing. The second is to continue to work the sale of titanium dioxide, to stabilize the foundation, at the same time to continue to improve production. Third, to ensure that the technical reform project as soon as possible put into production, the new titanium company as soon as possible to fully resume production. Fourth, for the projects to be acquired, mergers and acquisitions, we should unswervingly continue to follow up, to use new thinking, new vision of the development of enterprises.
This acquisition started the Longyi Group's entry into the tantacing industry, integration of the tantae industry, layout of the general order gun, to achieve Xu Dong put forward the "titanium symbigence, two-wing development" of the overall idea, the implementation of the two-legged walking policy is of great significance. I believe that the vast number of cadres and staff in the next work can keep in mind Xu Dong's clear request, based on the present, focus on implementation, the courage to explore, step by step footprint, to promote the long-term group comprehensive rapid and high-quality development.
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