Zijin Mining Group (02899) and some affiliated enterprises in Xinjiang have been listed on the UFLPA entity list.

Zijin Mining Group (02899) announced that the company has noted that on January 14, the U.S. Department of Homeland Security added 37 Chinese companies to the so-called "Uyghur Forced Labor Prevention Act (UFLPA)" entity list, including the company and its subsidiaries Xinjiang Zijin Nonferrous Metal Co., Ltd., Xinjiang Habahe Asheli Copper Co., Ltd., Xinjiang Jinbao Mining Co., Ltd., and Xinjiang Zijin Zinc Co., Ltd. due to their involvement in purchasing materials from Xinjiang or employing minority workers. In a responsible manner towards investors, society, and other stakeholders, the company solemnly declares the following: the company's enterprises in Xinjiang strictly follow Chinese laws and regulations, as well as international labor rights principles such as the UN Guiding Principles on Business and Human Rights and the International Labour Organization's Declaration on Fundamental Principles and Rights at Work, to eliminate all forms of forced labor and other violations of workers' rights. All recruitment and dismissal activities are based on voluntary principles, respecting employees' personal freedom, implementing market-oriented and competitive salary policies exceeding the local average wage by 34%, and establishing effective communication and complaint mechanisms to fully respect employees' and union rights to negotiation. Additionally, the company has established a responsible supply chain management system in line with the OECD Due Diligence Guidance for Responsible Supply Chains in the Mineral Sector to ensure that suppliers and contractors adhere to the company's code of conduct, without finding any credible evidence of forced labor in the supply chain. The company deeply regrets and is shocked by the rushed accusations made by the U.S. Department of Homeland Security without factual basis. The announcement states that the UFLPA entity list only applies to the entities themselves and not their holdings or affiliates, restricting the export of products produced by the listed companies to the U.S. It will not impact the company and its subsidiaries' other business activities and does not prohibit any transactions involving the company's stocks. The company does not have assets in the U.S. nor does it generate sales revenue from the U.S.; the assets, income, profits, etc. from the entities in Xinjiang do not account for more than 5% of the company's relevant indicators. It is expected that the inclusion of the company and some of its Xinjiang subsidiaries in the UFLPA entity list will not have a significant impact on the company. The company will collaborate with a team of U.S. legal experts to study relevant remedial procedures and actively communicate with relevant U.S. government departments to address misunderstandings in order to have the company and some of its Xinjiang subsidiaries removed from the UFLPA entity list.