Zijin Mining Group (601899.SH) statement: We regret and are shocked to be included on the US entity list. It will not have a significant impact as we have no assets or revenue in the US.

Zijin Mining Group (601899.SH) issued a statement that on January 14, the United States Department of Homeland Security added 37 Chinese companies to the so-called "Uyghur Forced Labor Prevention Act (UFLPA)" entity list. Among them, the company and its subsidiaries in Xinjiang, such as Xinjiang Zijin Nonferrous Metal Co., Ltd., Xinjiang Habahar Ashele Copper Co., Ltd., Xinjiang Jinbao Mining Co., Ltd., Xinjiang Zijin Zinc Co., Ltd., were included because of their involvement in purchasing materials from Xinjiang or employing ethnic minority workers. The company solemnly declares the following: the company's subsidiaries in Xinjiang strictly adhere to Chinese laws and regulations, as well as international labor rights principles such as the United Nations "Guiding Principles on Business and Human Rights" and the International Labour Organization's "Declaration on Fundamental Principles and Rights at Work," avoiding all forms of forced labor and other violations of employees' rights. All recruitment and termination activities are based on voluntary principles, respecting employees' personal freedom. The company implements market-oriented and competitive compensation policies, with wages exceeding 34% above the local average wage. It has also established smooth communication and complaint mechanisms, fully respecting employees' and union's negotiation rights. In addition, the company has established a responsible supply chain management system in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains in the Mineral Supply Chain, ensuring that suppliers and contractors concurrently adhere to the company's code of conduct. No credible evidence of forced labor in the supply chain has been found or received. The company deeply regrets and is shocked by the rash accusations made by the U.S. Department of Homeland Security without factual basis. The UFLPA entity list only involves the entities listed and does not include their controlling or affiliated companies. It only restricts the export of products produced by companies on the list to the United States, without affecting the company's other business activities or prohibiting any transactions involving the company's stock. The company has no assets in the United States, nor does it receive sales revenue from the U.S.; the assets, revenue, profits, etc., of the subsidiaries in Xinjiang account for less than 5% of the company's relevant indicators. It is expected that the inclusion of the company and its Xinjiang subsidiaries on the UFLPA entity list will not have a significant impact on the company. The company will work with a team of U.S. legal experts to study relevant relief programs and actively communicate with relevant U.S. government departments to address misunderstandings and seek removal of the company and its Xinjiang subsidiaries from the UFLPA entity list.