Jinzhou Jixiang Molybdenum Co., Ltd. (SHSE:603399) agreed to acquire Hunan Yongshan Lithium Industry Co., Ltd. from Ningbo Yongshan Lithium Co., Ltd. for CNY 480 million on January 6, 2022. The deal is subject to approval from Jinzhou Jixiang Molybdenum Co., Ltd. (SHSE:603399) board. As of January 6, 2022 Jinzhou Jixiang Molybdenum Co., Ltd. (SHSE:603399) board approved the deal.

As of January 24, 2022, shareholders of Jinzhou Jixiang approved the deal. The deal is expected to close on September 30, 2022.