Tile Shaped Magnetic Steel

Founded in 2006, Zhonghang Company is a national high-tech enterprise
integrating production.R&D and sales specializing in the production of
sintered NdFeB. The company has four production basesin Cixi City, Yuyao City,
Baotou City and Shandong, with an annua production capacity of about 20.000
tons.

In 2010, Zhejiang Zhonghang New Material Technology Co, Ltd. was established,
and ZhejiangZhonghang passed the certification of IATF16949 quality management
system, intellectual propertymanagement system,ISO14001 environmental management
system and lSO45001 occupational healthand safety management system.

The company can mass-produce N55,N54H,N52SH,N50UH,N45EH and other brands.

In order to make full use of the industrial advantages of rare earth
resources, Group Head OfficeHuahong Technology (stock code 002645) Grasp the
extension of the industrial chain, EstablishedNingbo Zhonghang Times New
Materials Co., Ltd. in 2021, Focus on the machining and automaticelectroplating
production of Nd-Fe-B magnetsAiming for the mid-to-high-end market， Committed
toproviding end customers with a variety of NdFeB magnets, lt lays the
foundation for opening up theupstream and downstream of the rare earth industry
chain.

In 2023,Ningbo Zhonghang Times New Materials Co., Ltd. have established a
Thailand office.

In 2024,Ningbo Zhonghang Times New Materials Co., Ltd. have established an Indian office.