GEM Co., Ltd. (002340.SZ) signed a memorandum of understanding with UNU Yogyakarta in Indonesia to promote higher education.

GEM Co., Ltd. (002340.SZ) issued an announcement, actively responding to the national call for promoting the high-quality development of the "Belt and Road Initiative", and promoting the spirit of unity and cooperation of the Bandung Conference. The company aims to promote technology and cultural exchanges between China and Indonesia locally, promote education development and prosperity in Indonesia, create a highlight model of China-Indonesia cooperation and exchange in technology and culture. The company, based on the mutual benefit principle of technology and cultural cooperation between the two sides, signed a "Memorandum of Understanding on Cooperation to Promote Higher Education" with Indonesia's Universitas Nahdlatul Ulama Yogyakarta (referred to as "UNU Yogyakarta" hereinafter) on January 22, 2025 at the GEM Co., Ltd. (Jingmen) City Mineral Resources Recycling Industrial Park in Hubei Province, China. According to the memorandum, GEM Co., Ltd. will cooperate with Indonesia's UNU Yogyakarta University in the fields of education, talent cultivation, scientific research and innovation, industrial application, ESG value, etc., allowing China's science and education services to benefit Indonesia, further promoting the deepening and broadening of China-Indonesia technological and cultural exchanges and cooperation. This signing of the memorandum will further practice GEM Co., Ltd.'s "technology + culture" flexible going global model, expanding the investment concept of "integrating industry, technology, and culture, growing together with Indonesia" to Indonesia, embodying the common pursuit of advanced technology and industrial upgrading under different cultural backgrounds. It will help further enhance mutual understanding and deep mutual trust between the peoples of China and Indonesia, promote the harmonious coexistence of Indonesia's mainstream culture and China's advanced technology, and contribute to building a community with a shared future for humanity. At the same time, it will provide strong talent support for the sustainable development of the company's nickel resource projects in Indonesia, promote cultural integration, align with the company's long-term development strategy, and the interests of the wider investors.