On November 27, the company held a signing ceremony with the Donghe District People's Government of Baotou City for a lightweight auto parts and new materials project with a total investment of 540 million yuan. Wang Xiulian, Vice Mayor of Baotou City, Zang Liguo, Chairman of the Company, Liu Qingyi, Deputy Secretary General of the Municipal Government, Li Shiming, Secretary of the District Committee, Jia Baoliang, Deputy Secretary of the District Committee and Head of the District Government, Xu Gang, Member of the Standing Committee of the District Committee and Executive Deputy Head of the District, and Wang Linfu, Member of the Standing Committee of the District Committee and Director of the Office of the District Committee attended the signing ceremony.

       This time, the company will invest 540 million yuan in Donghe District to build the Stone New Material Lightweight Auto Parts and New Materials Industrial Park. Including the construction of 600000 rare earth aluminum alloy Kaba wheel project, 600000 new passenger wheels technical renovation and expansion project, 50000 tons of rare earth intermediate alloy project and a high standard rare earth aluminum alloy development and application comprehensive research and development center, which will eventually be built into one of the largest comprehensive industrial bases in western China based on lightweight automobile parts, with new material research and development as the forefront.