Vanadium Titanium Company: Intends to sign a 2025-2027 procurement and sales framework protocol with Ansteel Group

Jinshi Data News on December 2nd, Vanadium Titanium announced that, in view of the upcoming expiration of the 2022-2024 procurement and sales framework protocol signed with related parties, the company intends to sign a 2025-2027 procurement and sales framework protocol with the actual controller, Ansteel Group, to regulate transactions with related parties. This constitutes a related party transaction, which requires approval at the shareholders' meeting. According to the announcement, in 2025-2027, the company is expected to sell a total of RMB 6.85 billion, RMB 7 billion, and RMB 7.15 billion worth of goods to Ansteel Group, and purchase a total of RMB 11.88 billion, RMB 12.12 billion, and RMB 12.87 billion worth of goods. The sales of goods mainly include vanadium and titanium products, electricity, and other products and services, while the purchase of goods mainly includes raw and auxiliary materials, electricity, and other products and services.