[ferro-alloys.com] On March 11^th night, Hengshunzhongsheng announced that the company had stored plenty of Nickle ore resource in Indonesia. In order to speed up the ferronickle exploitation and establish the integrated stainless steel industry chain, the company signed the memorandum with Henan Ocean Central Plain Logistics Industry Development Fund and Shanghai COSCO Marine Logistics Supply Chain. The company will joint with them to establish establish 2 billion RMB stainless steel industry supply chain fund.The first project scale is 10 billion RMB, and the duration lasts 5 years.Heshunzhongsheng will invest 0.15 billion RMB. The stock trading will be resumed on March 12^th.

• [Editor:王可]