CGN MINING(01164): In the first half of the year, CGN International Sales Company's natural uranium sales business adopted the two-end lock-in trade method to stabilize business end profits.

CGN MINING (01164) Announcement: Regarding the international trade business, from January to June 2026, the Group's subsidiary, China General Nuclear International Uranium Products Sales Co., Ltd. (CGN International Sales Company), adopted a two-end locked trade method for natural uranium sales, stabilizing business end profits. Due to the impact of the weighted average cost accounting method, the weighted average cost of inventory on the books for this period is higher than the sales contract price executed for the period, and the Group expects that CGN International Sales Company's gross profit for the period will be negatively affected. Regarding the self-produced and sold business, in order to coordinate overall business resources and meet customer delivery needs, the Group will postpone the fulfillment and delivery of some annual uranium sales contracts to the second half of the year. It is expected that this adjustment will not have a significant negative impact on the Group's annual business plan, and the overall operation of the Group's various business sectors will remain stable. The above information is only a preliminary assessment made by the Board of Directors based on currently available information. The currently available information has not been reviewed by the company's auditors and may be subject to further changes. The Board of Directors emphasizes that there is no substantial change in the long-term development trend of the natural uranium industry, and short-term performance fluctuations will not affect the Group's long-term strategic development layout. The Group will seize industry development opportunities, focus on its core business, coordinate internal operations to improve quality and efficiency, and promote the investment and development of high-quality natural uranium projects to strengthen the company's long-term growth foundation and enhance its sustainable development potential and long-term value.