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I. The Industrial Prospects>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

1. In the much- anticipated "14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Outline of Long- term Goals for 2035", Kuandian is a key border area supported by the state, with favorable policies and huge development potential.

2. In the Master Plan of Mineral Resources of Liaoning Province (2021-2025) issued by the Department of Natural Resources of Liaoning Province, boron is included in the key mining list as a strategic mineral. With the increasing market demand and the decreasing of domestic resource reserves, raw material supply will be a major challenge for boron iron enterprises in the future. The proven boron ore reserves in the company's area account for 90% of the national total.

3. The global consumption of boron iron is 70,000 - 80,000 tons, mainly produced in China. Lifeng’s production is about one-third of the total market. At present, the boron iron market is expected to grow by 10-15% annually in the future, and the total market will reach 100,000 tons by 2025.

II. The Whole Industrial Chain>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

The company has built a boron industry chain integrating the upstream boron ore mining, midstream boric acid and boric anhydride processing, and downstream boron-ferroalloy smelting, so that the company's raw material supply is fully independent. The proved reserves of boron ore in the enterprise are two million tons, accounting for about 40% of the proved reserves in the region. The annual production scale of boric acid and boric anhydride manufacturers exceeds 10,000 tons, and the product quality and production capacity are at the leading level in the same industry in China.

III. The Technological Upgrade>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

1. The boron iron production line is at the world's advanced level. The company now runs the largest domestic equipment in this industry, including 7000KVA furnace and two 6300KVA furnaces. Both the capacity and quality of production have reached the world's leading level, with the annual design capacity of about 26,000 tons.

2. On the basis of the two existing BDC (bag dust-cleaning) facilities, a new most advanced flue gas dust collector in China was established in this company, and the online monitoring system was built in 2021. The company applied to join the environmental management system in 2022, and obtained the ISO 14001 system certification qualification and passed the examination.

IV. The Professional Team>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Adhering to the concept of innovation, green and open development, the company has built a green enterprise guided by scientific and technological innovation and two-way of international and domestic development. It is equipped with the most advanced product testing centerand flue gas dust collector in China, and has built a perfect product testing system and energy saving as well as the environmental protection system. The product qualified rate is among the best in the industry, and the dust emission is less than 5mg/㎡, reaching the national emission standard. The company has a professional team of boron-ferroalloy smelting, research and development, with production technical strength and excellent product quality.

V. The Power Suppl>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Kuandian Manchu Autonomous County is located beside the Yalu River, with rich hydropower resources. The enterprise has built two special power transmission lines and two substations to ensure that the production will not be stopped because of electricity in the production process, and fully ensure the energy supply needed by the enterprise for production.

VI. The Marketing Channels >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Based on the international and domestic markets, the company has established a broad and firm cooperation group. At present, it has developed collaborative relations with more than 20 domestic enterprises and over 10 foreign enterprises. With the favour of many international well-known companies such as the Metglass Corporation of the United States, the Hitachi Metal Company of Japan, the export channels are quite smooth.