On June 24th, 2018, at the invitation of the HBT, Sparky Group chairman Peter, director of international cooperation projects and technical team to a line of five people came to Baotou city for a four_day visited to discuss cooperation.

The Sparky delegation's visit was highly valued by the municipal party committee and the municipal government.

On June 25th, deputy secretary of municipal party committee, Mr. Zhao Jiangtao, secretary general of the municipal government Mr. Zhaohui and other leading officials personally invited the delegation. During the dinner, Sparky company delegation was invited to visit Baotou and permanent magnet motor enterprises.

On June 27th, 2018, Ms.Wang Xiulian, deputy mayor of Baotou city, and Sparky company delegation had a conversation. At the meeting, the representative of Sparky company introduced the advanced motor technology and future development plan of Sparky company in detail to the city leaders, and invited the municipal party committee and municipal government leaders to visit Sparky company. Vice mayor Ms.Wang, on behalf of the municipal government, welcomed the invitation and will arrange a group visit as soon as possible. At the same time, vice mayor Ms.Wang said she would strongly support the introduction of Sparky's electric motor project and hoped that the project would be put into production in baotou as soon as possible. Subsequently, the two sides established the preliminary cooperation framework arrangement on the implementation construction and planning of the motor industry chain.

On June 26th and 27th in the afternoon, the municipal government arrangement Sparky delegation visited the Baotou Rare Earth Institute and steel magnetic material in rare earth high_tech zone, Jiuyuan logistics park and shenhua coal _ chemical plant in jiuyuan district and other enterprises. The German delegation was well informed of baotou's rich resource advantages and policy advantages. HBT chairman Mr.liu jiangang, marketing director Mr.yan junxi and other executives accompanied throughout.

On June 28th, 2018, HBT and Sparky Group has all kinds of rare earth permanent magnet motor and electric tools products project reached a preliminary cooperation framework agreement, and on the night of 18 points to finish the cooperation agreement signing ceremony.

In the 13th Five_Year Plan, the rare earth permanent magnet motor project is placed at the top of the key development projects of rare earth transformation and upgrading. Governments attach great importance to the development of rare earths and issue some relevant regulations. This cooperation agreement is in line with HBT's strategic development plan for building the industrial chain of rare earth primary processing products and the deep processing industry of rare earth, and to promote the city of Baotou rare earth industry function transformation has economic significance and social significance.