Minmetals Development announced that the company is planning major asset restructuring matters. It plans to purchase shares of Minmetals Mining Holdings Co., Ltd. and shares of Luzhong Mining Co., Ltd. held by the controlling shareholder China Minmetals Co., Ltd. through asset replacement, issuance of shares, and cash payment, and raise supporting capital. The assets the company plans to place out are the main assets and liabilities related to the original business. This transaction is expected to constitute a major asset restructuring and related transaction. It does not constitute a change in actual controller, and does not constitute a restructuring and listing. Due to the uncertainty of this transaction, trading of the company's shares will be suspended from the opening of the market on December 30, 2025. The suspension period is expected to be no more than 10 trading days. As of the disclosure date of this announcement, work related to this transaction is being actively promoted, and all parties concerned are negotiating and verifying the transaction plan.

Minmetals Development announced that the company is planning major asset restructuring matters. It plans to purchase shares of Minmetals Mining Holdings Co., Ltd. and shares of Luzhong Mining Co., Ltd. held by the controlling shareholder China Minmetals Co., Ltd. through asset replacement, issuance of shares, and cash payment, and raise supporting capital. The assets the company plans to place out are the main assets and liabilities related to the original business. This transaction is expected to constitute a major asset restructuring and related transaction. It does not constitute a change in actual controller, and does not constitute a restructuring and listing. Due to the uncertainty of this transaction, trading of the company's shares will be suspended from the opening of the market on December 30, 2025. The suspension period is expected to be no more than 10 trading days. As of the disclosure date of this announcement, work related to this transaction is being actively promoted, and all parties concerned are negotiating and verifying the transaction plan.