On the morning of December 31st, the groundbreaking ceremony of Zhuoer Technology's rare earth permanent magnet samarium cobalt alloy project was held grandly in the Rare Earth Industrial Park of Cewu Town.

County Party Secretary Lai Jinyi attended the event and delivered a speech. County Mayor Lv Li, Deputy Director of the Standing Committee of the Changting County People's Congress Xie Jinsong, Deputy County Mayor of Changting County Government Xiao Yanshan, main responsible officials from county level units such as the County Party Committee Office, County Government Office, Development and Reform Bureau, and Industry and Information Technology Bureau, as well as relevant leaders such as Xu Huoyao, Secretary of the Discipline Inspection Commission of Xiamen Tungsten Industry Co., Ltd., and Zhang Chang, Chairman of Zall Technology, attended the event. Wang Guoxiong, Deputy General Manager of the company, presided over the event.

The groundbreaking ceremony began, and Xu Huoyao, Secretary of the Discipline Inspection Commission of Xiamen Tungsten Industry Co., Ltd., warmly welcomed and sincerely greeted the leaders and guests attending the ceremony. In his speech, he stated: "Changting Zall is rooted in the revolutionary old area of western Fujian, and must carry forward the Xiamen Tungsten spirit of 'hard work, innovation and practical work', quickly promote the project to reach production, standards and effectiveness, actively integrate into the development trend of the revolutionary old area of western Fujian, expand and strengthen the rare earth permanent magnet industry, strive to create a famous brand of rare earth industry in Longyan City nationwide and even globally, and make greater contributions to the economic development of Longyan!

County Party Secretary Lai Jinyi stated in his speech that the groundbreaking ceremony of the project is a major event for deepening cooperation between Changting County and Xiamen Tungsten Group, and also a happy event for Changting's economic and social development. We hope that all levels and departments will actively provide high-quality services for the project construction, ensuring the smooth implementation of the entire project. At the same time, we also hope that investors and contractors of the project will have high standards and strict requirements, and strive to build the project into a model and boutique project for the rare earth park, adding a beautiful scenery to the park.

Finally, Zhang Chang, Chairman of Zall Technology, announced the start of the groundbreaking ceremony. Subsequently, amidst the sound of salutes and the colorful flowers filling the sky, the leaders and guests attending the groundbreaking ceremony jointly laid the foundation for the Zall Technology Rare Earth Permanent Magnet Samarium Cobalt Alloy project.

Changting Zhuoer Technology is a subsidiary of Xiamen Tungsten and the only technology-based enterprise in Fujian Province that focuses on the research, development, production, and sales of rare earth permanent magnet samarium cobalt alloy materials and magnetic components. According to the planning objectives, Changting Zall plans to invest 210 million yuan to build a production line with an annual output of 1000 tons of rare earth permanent magnet samarium cobalt alloy, including the construction of an international advanced manufacturing workshop, research and development testing building, and related supporting facilities.