CHINA BAOLI TEC (00164) signed a cooperation agreement with ZHUOYING GLOBAL.

CHINA BAOLI TEC (00164) announced that on February 11, 2026, the company entered into a cooperation agreement with Globe Mining Limited (Globe Mining) on the long-term strategic cooperation of the mining and production of an iron mine in Mongolia. This cooperation marks the first step in the application of the group's dry grinding and dry selection technology, an important milestone, and will serve as a demonstration case for cooperation with other mining projects. The Board believes that the signing of this cooperation agreement is a strategic and transformative move in the company's development process, marking the first large-scale commercial application and key demonstration of the group's proprietary dry grinding and dry selection technology. This milestone is of great significance, as this technology can conduct ore selection without the use of water, making it uniquely applicable to arid mining areas like Mongolia and providing a key advantage in addressing the challenging issue of mining in areas with severe water shortages. Furthermore, as the global steel industry's demand for high-grade iron concentrates continues to grow to achieve production efficiency improvements and emission reduction goals, the group's dry grinding and dry selection technology can precisely produce high-quality products using mineral resources. This collaboration is expected to contribute positively to the group's future profitability and drive its technology roadmap to expand to other mining projects, particularly in areas with water scarcity. Therefore, this cooperation agreement is not only a revenue-generating business, but also a fundamental step in the global commercialization process of the group's core technology.