Ann: Sale of 90% Interest in OM Materials (Qinzhou) Co Ltd, page-5

I cannot easily determine the $ investment in Quinzhou or its impact on the financial results - though i am sure they are minimal given the lethagy in the metals market and China's Covid restrictions. I do recollect that Quinzhou was closed in 2022 because of the high costs of energy and I htink that still exists, so maybe the $25m USD is a blessing in disguise. The company seemed to regard Quinzhou as a souce of information rather than a serious smelting operation & their trading operations still operate there. Better they focus on Sarawak and getting those two FeSi smelters working.