China Nerin Engineering (603257.SH) plans to invest 30 million yuan to participate in the establishment of the Jiangxi Tungsten Mining Fund.

China Nerin Engineering (603257.SH) announced that on October 15, 2025, it signed a "Letter of Intent" with Jiangxi State-Owned Capital Operation and Holding Group Co., Ltd., Jiangxi Jiangwu Private Equity Fund Management Co., Ltd., Agricultural Bank Financial Asset Investment Co., Ltd., Bank of Communications Financial Asset Investment Co., Ltd., and Jiangxi Tungsten Industry Holding Group Co., Ltd. in Nanchang, Jiangxi. The company intends to participate as a limited partner in the establishment of the Jiangwu Mining Fund (the specific name is subject to agreement by the partners and registration by the industry and commerce administrative department). The total scale of the Jiangwu Mining Fund is tentatively set at 2 billion yuan, and the company plans to invest 30 million yuan with its own funds. The intention of this participation in the establishment of the Jiangwu Mining Fund is to strengthen the layout of high-quality mineral resources at home and abroad around the main business, while ensuring the development of the main business. The investment with its own funds will not affect the company's normal production and operation activities and cash flow. It will not have a significant impact on the company's ability to continue operations, financial condition, and operating results, and there is no situation that would harm the interests of the company, shareholders, especially small and medium-sized shareholders.