Western Metal Materials issued an announcement on the evening of November 19, stating that the company's three holding subsidiaries, Xi'an Tianli Clad Metal Materials Co., Ltd., Xi'an Noble Rare Metal Materials Co., Ltd., and Xi'an Filter Metal Materials Co., Ltd. plan to apply for the listing on the National Equities Exchange and Quotations System (NEEQ) under the conditions of compliance with relevant national laws, regulations, policies and conditions.

According to the public information, Xi'an Tianli Clad Metal Materials Co., Ltd. was established in 2003 with a registered capital of RMB85 million (USD12.83 million). It is mainly engaged in the production and sales of clad metal materials.

Founded in 2005 with a registered capital of RMB50 million (USD7.55 million), Xi'an Filter Metal Materials Co., Ltd. is one of the earliest units engaged in the R&D and mass production of metal fiber and its products in China. Its predecessor was the Powder Metallurgy Research Institute of Northwest Nonferrous Metals Research Institute.

Xi'an Noble Rare Metal Materials Co., Ltd. was established in 2010 with a registered capital of RMB76 million (USD11.48 million). It is mainly engaged in the R&D, production and sales of tantalum, niobium, platinum, palladium and other metal materials and their alloy materials.