BRETON (01333) and Jinchengjian intend to establish a long-term cooperative relationship in the field of green energy and intelligent mining industry synergy in the Democratic Republic of the Congo.

BRETON (01333) announced that on October 28, 2026, the Company entered into a strategic cooperation letter of intent (the "Strategic Cooperation LOI") with Jinchengjian Co., Ltd. ("Jinchengjian"). The Company and Jinchengjian intend to establish a long-term cooperative relationship in the field of green energy and intelligent mining industry synergy in the Democratic Republic of the Congo (the "DRC"). The principal terms of the Strategic Cooperation LOI are summarized as follows: 1. Energy Projects Within the next three years, the contracting parties intend to advance the implementation of energy supporting projects for smelters in phases as circumstances require, with an intended total construction scale target of 275MW of photovoltaic and 400MWh of energy storage. The specific construction scale, investment arrangements, delivery milestones and commercial terms shall be subject to separate dedicated contracts to be entered into by the contracting parties. 2. Mining Equipment In respect of Jinchengjian's subsequent mining development business, the contracting parties intend to cooperate as opportunities arise to advance the deployment or procurement of a certain number of electric mining trucks, so as to promote the electrification of heavy-load mining transportation and reduce the overall operating costs of mines. The specific quantity, price, delivery cycle and commercial terms shall be subject to separate individual execution contracts to be entered into by the contracting parties. 3. Autonomous Driving Demonstration Project The contracting parties intend to jointly build a benchmark intelligent zero-carbon mining project in the DRC as opportunities arise, deploying a demonstration fleet of a certain number of unmanned electric mining trucks, and leveraging the core locational advantages of the African Copperbelt to build an integrated demonstration model of "green power + electrification + autonomous driving." 4. Term and Confidentiality Provisions The Strategic Cooperation LOI is valid for 5 years, from the date of its formation to October 28, 2031. Upon expiry of the term, the contracting parties, under equivalent cooperation conditions, may give priority to cooperating with each other in respect of the cooperation intentions under the Strategic Cooperation LOI and enter into formal agreements. The contracting parties are obliged to keep confidential the trade secrets learned during the negotiation process, and such confidentiality obligation shall not lapse upon the expiry, rescission or termination of the Strategic Cooperation LOI. The Board believes that entering into the Strategic Cooperation LOI is in line with the Company's strategic development direction. If the relevant cooperation is implemented, it is expected to help the Company expand its businesses relating to energy supporting facilities, hydro-photovoltaic complementarity, mining equipment electrification and intelligent zero-carbon mines in the DRC and the African region, and to further promote the Company's technologies and products in the field of pure electric engineering equipment.