Minmetals Development: The implementation of this transaction is still uncertain.

Wu Jin Development issues an abnormal trading announcement. The closing prices of the company's stock on January 15 and January 16, 2026, have shown a cumulative deviation of 20%, which constitutes abnormal volatility in stock trading according to the relevant rules of the Shanghai Stock Exchange. On January 14, 2026, the company held the twelfth meeting of the tenth board of directors, and approved proposals related to the major asset swap, issuance of shares, cash payment for asset acquisition, and fundraising through related party transactions. The audit, evaluation, and other work related to this transaction have not been completed yet, and it still requires further approval from the board of directors, shareholders' meeting, regulatory authorities, and registration before the transaction can be implemented. The implementation of the transaction is still uncertain.