Hunan Baiyin: Subsidiary Hunan Baoshan Nonferrous Metals Mining Co., Ltd. will begin a 20-day shutdown for maintenance on November 11, 2025.

Hunan Baiyin Announcement: Hunan Baoshan Nonferrous Metal Mining Co., Ltd., a wholly-owned subsidiary, will start shutdown maintenance on November 11, 2025, and is expected to be completed by November 30, 2025. This shutdown maintenance is to prepare for the end-of-year equipment and facility maintenance in 2025 to ensure smooth production in 2026. The annual budget and production plan of Baoshan Mining have taken this shutdown maintenance into consideration, and it will not affect the annual production plan of Baoshan Mining.