China Baoli Technologies Holdings Limited announced that it has entered into a strategic cooperation agreement with Top Skill Global Limited for mining production at an iron mine in Mongolia. Under the agreement, Top Skill Global Limited will pay China Baoli Technologies an upfront fixed fee of HK$10,000,000 upon delivery and approval of certain technical deliverables, ongoing fees for the leasing of proprietary DGDB equipment, and will be entitled to purchase products at a discount of up to five percent off the prevailing market price. This agreement marks the first major commercial deployment of the Group's dry grinding and dry beneficiation (DGDB) technology.

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