On the morning of December 3, the ceremony of the completion and production of Ouye Chain Gold Maanshan Zhengpugang Center Base was held in Zhengpugang New District. Connie Cheng, Vice Mayor of Maanshan, Chen Zhaoqi, Party Secretary and Chairman of Ouye Chain Gold, Huahong Technology General Manager Hu Pinlong, Vice President of Sales Chen Fangming, and Li Jie, Vice General Manager of IOTC Group attended the ceremony. The relevant persons in charge and staff representatives of Zhengpugang New Area Management Committee, Materialistic CU, Ouye Chain Gold departments and centers, East China Branch, Magang Chengxing, Magang Lihua and Materialistic Bao attended the ceremony.

Ouye Chain Gold Maanshan Zhengpugang Center Base is newly invested by Material Power, which is a joint venture between Ouye Chain Gold and Material Logistics and was officially registered in February 2019. The company is mainly engaged in scrap metal recycling, processing, warehousing, sales; pig iron, steel warehousing, sales; logistics; domestic trade agency services, etc. The construction of Zhengbugang central base is an important part of the strategic layout of Ouye Chain Gold's "one headquarters and multiple bases". The project covers an area of about 68.4 mu and is divided into two phases. The first phase of the project is based on industrial heavy scrap, medium scrap and light scrap processing, with an annual output of 300,000 tons of qualified scrap and 300,000 tons of storage and distribution; the second phase of the project has an annual processing scale of 500,000 tons and 500,000 tons of storage and distribution. After the project is reached, the annual output value is expected to exceed 2 billion yuan.

Hua Hong Technology provides 2000 tons of baler products and professional and efficient technical services for Ouye Chain Gold, helping Ouye Chain Gold to upgrade its industrial technology and jointly promote the high-quality development of the industry.