Yunnan Tin Co., Ltd. (000960.SZ) plans to participate in the auction of 100% equity of Chifeng Dajingzi Tin Industry Co., Ltd.

Yunnan Tin Co., Ltd. (000960.SZ) announced that Chifeng Dajingzi Mining Co., Ltd. (hereinafter referred to as "Dajingzi Mining") is transferring 100% equity of Chifeng Dajingzi Tin Co., Ltd. (hereinafter referred to as "target company") through public listing on the Beijing Property Rights Exchange (referred to as "North Exchange"). The board of directors has agreed for the company to participate in the auction of 100% equity of the target company with its own funds. The purpose of participating in the auction is to further integrate domestic tin smelting capacity, promote efficient allocation and coordinated development of industrial resources in the region, and fully guarantee the industrial chain and supply chain security of national tin. At the same time, the company will fully leverage its accumulated technical and market advantages in the entire industry chain, promote the construction of tin smelting platform in Inner Mongolia, achieve interaction between north and south smelting units, further consolidate the company's leading position in the global tin industry, enhance the company's market competitiveness, and effectively promote local economic development.