On October 4, SDIC Mining signed a share subscription agreement and shareholder agreement with Thailand's Ittai Public Development Co., Ltd.(ITD) on the equity acquisition project of Asia Pacific Potash Holdings Co., Ltd.(APPC Holding). After the acquisition is completed, SDIC Mining will hold 49.9% of APPC Holding, and ITD will hold 50.1% of APPC Holding. Through the corporate governance structure design of the agreement, SDIC Mining will dominate the operation and management of APPC Holding and its subsidiaries.

    The Asia Pacific Potash Company (APPC) controlled by APPC Holding owns the concession rights of two high-grade potassium stone salt Kuangqu mining areas in Ullong South and Ullong North, Ullong Province, Thailand, with potassium chloride resources exceeding 250 million tons. The Wulong South Kuangqu mining area has been awarded a mining right certificate in October 2022 and plans to build a potassium chloride project with an annual output of 2.1 million tons. In the future, the products will mainly meet local potash demand in Thailand and be shipped back to China, effectively improve the ability to guarantee China's potash supply, build an overseas potash production base for central enterprises, and implement the national food security strategy.

    Zhou Weiliang, Chairman of SDIC Mining, Du Lilong, General Manager, Shen Yi, Deputy General Manager, Pathai Chakornbundit, Chairman of ITD Board of Directors, Thoranis Karnasuta, Executive President, and relevant personnel from SDIC Mining, ITD, and APPC attended the signing ceremony. Zhou Weiliang signed the agreement on behalf of SDIC Mining. Source: SDIC Mining