It was not mined by Guangdong-Hong Kong Holding Group Co., Ltd. As of March 24, 2023, there is no evidence that Guangdong-Hong Kong Holding Group Co., Ltd. mined vanadium-titanium magnetite in Yongxing Township, Yongren County, Yunnan Province. Vanadium-titanium magnetite is an important industrial mineral resource, which is widely distributed in China. The output and exploitation of vanadium-titanium magnetite resources in different regions are different. The characteristics of vanadium-titanium magnetite industry require superb mining technology and a large amount of capital investment.