Brief introduction of CNNC Baoti Zirconium Industry Co., Ltd.

Company Profile CNNC Baoti Zirconium Industry Co., Ltd. (hereinafter referred to as "CNNC Zirconium Industry") is jointly funded and established by National Nuclear Power Technology Corporation and Baoti Group Co., Ltd., and is under the centralized management of National Nuclear Power Technology Corporation with a registered capital of 300 million yuan. National Nuclear Power Technology Corporation is an important state-owned backbone enterprise managed by the central government, shouldering the historical mission of introducing, digesting and absorbing the third generation of advanced nuclear power technology and promoting the innovation of nuclear power system. Baoti Group Co., Ltd. is the largest specialized production and research base of rare metal materials, mainly titanium, zirconium and their alloys in China, and a leading enterprise in titanium and zirconium industry in China. The strong cooperation between the two parties aims to integrate the existing domestic zirconium production resources, accept Westinghouse's complete set of nuclear-grade zirconium production and processing technology, realize the localization and autonomy of nuclear-grade zirconium materials, and finally realize the complete independent supply of nuclear-grade zirconium materials in China. With the further expansion of the international nuclear power market, China National Nuclear Zirconium Industry will become an important producer and supplier of zirconium materials in the international market. Nuclear grade zirconium material is mainly used as nuclear fuel cladding tube, which is an indispensable and important metal material for nuclear power plants and an important strategic material for the country. The national nuclear zirconium industry now has the production capacity of nuclear grade zirconium tubes 100 tons/year. It is planned to form a production and construction scale with an annual output of nuclear grade sponge zirconium 1000 tons, 500 tons of nuclear grade finished zirconium materials and 500 tons of industrial zirconium materials within three years, and finally build a complete industrial chain with nuclear grade sponge zirconium, zirconium alloy smelting, zirconium processed materials, zirconium technology, product research and development and other scientific research institutions as the main body.