On the morning of May 16th, 2020, thesigning ceremony of Jingmen Medley high-performance tungsten carbide CNC materialproject was held in the International Conference Hall of GEM Jingmen IndustrialPark. Ding Dai, Vice Mayor of Jingmen City Government, Wu Yingbiao, Secretaryof Jingmen High-tech Zone • Duodao District Committee, Wang Luan, DeputySecretary-General of Jingmen City Government, relevant department leads ofJingmen City and High-tech Zone • Duodao District, bank representatives andabout 40 people attended the signing ceremony. Professor Xu Kaihua, chairman of GEM, Chen Xingti, Board director ofGEM, Zhao Lifu, general manager of Jingmen Medley CNC Material Co., Ltd. ZhouBo, chairman of GEM supervisory board, and Tang Dan, group supervisor alsoattended the signing ceremony. The ceremony was presided by Zou Runian, deputyhead of the Daodao District of Jingmen City.

Tungsten, one of strategic resources that can makeChina outstanding in the world. As a world leading enterprise in wasterecycling, GEM has formed a core industry chain for the full life-cyclerecycling of tungsten resources. In order to achieve the transformation andupgrading of tungsten resource recovery to advanced tungsten carbide numericalcontrol materials, GEM and tungsten resource expert Professor Zhao Lifuinitiated the establishment of Jingmen Medley CNC Materials Co., Ltd.

Professor Zhao Lifu said that high-performancetungsten carbide CNC materials are typical high-tech products in the field oftungsten resources and they are the key materials for the manufacture ofindustrial 4.0 CNC tools in the future and have broad market prospects. Theentrepreneurship of Chairman Xu Kaihua and the good investment environment ofJingmen City attracted him. Construction of a high-performance tungsten carbidepowder project of 10,000 tons of CNC tool core materials in Jingmen, committedto creating the world\'s leading manufacturing base for high-performancetungsten carbide powder materials for CNC tools.

Rejuvenate the business and set multi targets atonce. Chairman Xu Kaihua delivered a speech. In the face of the global epidemicchallenge, GEM received strong support from the government, related departmentsand banks at all levels to comprehensively win the epidemic prevention andcontrol battle and the global market defense war, and accelerate therealization of resumption of work and production. Strengthen the world-class"friend circle" and consolidate the status of the industrial chain.GEM launched the Medley tungsten resource project, which was the first"target" issued by the revitalization of operations and reconstructionafter the epidemic. With the joint efforts of GEM and Professor Zhao Lifu, andthe strong support from all levels of government departments and all sectors ofsociety in Jingmen City, GEM\'s recycling industry and Medley projects will beprosperous and glorious.

At the signing ceremony, Secretary Wu Yingbiaodelivered a speech. He said that the signing of the Medley project is not onlya major achievement of all member attract investment of Jingmen High-tech Zoneand Dadao District, but also an important sign of the revival after theepidemic and the resumption of production. The district committee, districtgovernment and district departments will make every effort to promote theproject to start as soon as possible, complete as soon as possible, and putinto operation as soon as possible.

Vice Mayor Ding Dai, on behalf of the JingmenMunicipal Government, congratulated the successful signing of the Medleyproject. He believes that the project is of great significance to the economicand social development of Jingmen City. It is a successful example of JingmenCity\'s vigorous promotion of "use business to attract businessinvestment”, which fully boosts the confidence of investment in Jingmen City.The implementation of the project will further promote the development of Jingmen\'scircular economy industry.

At the ceremony, GEM and Professor Zhao Lifu signeda joint venture agreement on Medley project. The Jingmen High-tech ZoneManagement Committee and Jingmen Medley CNC Material Co., Ltd. signed a projectcontract to jointly promote the project to land as soon as possible.

After the signing ceremony, the leaders and guestsvisited and on-site observed the long queue of convoys waiting to be unloadedat the electronic waste dismantling park of GEM Jingmen Industrial Park.

GEM Deputy Manager Wu Guangyuan、Wan Guobiao、GEM Chief Accountant Chen Binzhang attended signingceremony.

Pic 1Medley Porject signing ceremony

Pic 2 the Jingmen High-tech ZoneManagement Committee and Jingmen Medley CNC Material Co., Ltd. signed a projectcontract

Pic 3General Manager of Medley prof. Zhao Lifu deliver a speech

Pic 4GEM Chairman Prof. Xu Kaihua deliver a speeach

Pic 5Wu Yingbiao, Secretary ofJingmen High-tech Zone • Duodao District Committee deliver a speech

Pic 6Vice Mayor Ding Dai,Jingmen Municipal Government deliver a speech