Guangdong Mingzhu Group (600382.SH) subsidiary Mingzhu Mining resumes production and receives administrative penalty decision

Guangdong Mingzhu Group (600382.SH) has issued an announcement that its wholly-owned subsidiary Guangdong Mingzhu Group Mining Co., Ltd. (referred to as "Mingzhu Mining") received an "Administrative Penalty Decision" from the Heyuan Municipal Emergency Management Bureau due to the total dam height of the Jiaoyuan Nangou tailings pond exceeding the designed height by 1m. Mingzhu Mining was given a warning and fined a total of 94,000 yuan; Zhu Haitao, the principal person in charge of Mingzhu Mining, and Xiao Yuquan, the deputy general manager of Mingzhu Mining, were given warnings and fined 62,000 yuan and 15,000 yuan respectively. Mingzhu Mining and the relevant responsible persons have strictly complied with the requirements of the penalty decision and paid the fines in full. As of the disclosure date of the announcement, the Jiaoyuan Nangou tailings pond of Mingzhu Mining has resumed tailings discharge and iron concentrate powder production, and the production and operation activities of the company's main business have returned to normal. During the period when the Jiaoyuan Nangou tailings pond of Mingzhu Mining suspended tailings discharge, the company's iron concentrate powder production and sales volume in the third quarter of 2026 decreased to some extent, and it is expected to have a relatively significant adverse impact on the company's overall cash flow and operating profit in the third quarter of 2026.