Citic Metal: There have been no major adjustments in the market environment or industry policies.

China Metal Stock Trading Abnormal Fluctuation Announcement After a self-examination by the company, it is confirmed that the company's current production and business activities are normal, and there have been no major adjustments in the market environment or industry policies that would affect the abnormal stock price fluctuations. The company has conducted a self-examination and written inquiries to the controlling shareholder, China Metal Group Co., Ltd., and the actual controller, China CITIC Group Co., Ltd., to verify that as of the date of this announcement, there are no major undisclosed information related to the company, the controlling shareholder, or the actual controller, including but not limited to major asset restructurings, share issuances, major transactions, business restructurings, share buybacks, equity incentives, bankruptcies, major business cooperations, and introduction of strategic investors.