In order to enhance the superior quality of high-strength and high-performance 'Dual High' cement at Ningxia Golden Cement, in May 2023, the company made a significant investment to acquire Baixiang Mineral Development Co., Ltd. in Luanjingtan, Inner Mongolia. Established in 2008 and located in Alxa League, Inner Mongolia Autonomous Region, Baixiang Mineral Development is primarily engaged in non-metallic mineral mining. The company has a registered capital of 22 million RMB. The limestone deposits at the mine site have excellent quality, making it a premium raw material for cement production.

      Limestone is the main raw material for cement production, and with the acquisition of this mine, Ningxia Golden Cement now owns two high-quality limestone mines. This acquisition has laid a solid foundation for the future development of Ningxia Golden Cement and ensures the production of high-strength and high-performance 'Dual High' cement in the future.