According to the Hainan Mining Industry announcement, it plans to sign the “Beiyi Mining Overall Trusteeship Contract” and related agreements with Lianshao, Hunan to manage the overall safety production of the Shilu Iron Mine for the period from January 1, 2026 to December 31, 2028, at a cost of about 818 million yuan. The scope of hosting includes modules such as mining approval engineering and ore recovery. The matter has been reviewed by the board of directors and does not constitute a related transaction or major asset restructuring. This hosting is beneficial to business development, cost reduction and insurance, but it may affect production in 2026, and the company will take measures to reduce the impact.

According to the Hainan Mining Industry announcement, it plans to sign the “Beiyi Mining Overall Trusteeship Contract” and related agreements with Lianshao, Hunan to manage the overall safety production of the Shilu Iron Mine for the period from January 1, 2026 to December 31, 2028, at a cost of about 818 million yuan. The scope of hosting includes modules such as mining approval engineering and ore recovery. The matter has been reviewed by the board of directors and does not constitute a related transaction or major asset restructuring. This hosting is beneficial to business development, cost reduction and insurance, but it may affect production in 2026, and the company will take measures to reduce the impact.