The Shanghai Stock Exchange issues regulatory warnings to Pengxin Resources and relevant responsible individuals.

Shanghai Stock Exchange issues a regulatory warning to Pengxin Global Resources Co., Ltd. and related responsible persons. It was found that the position of the secretary of the board of directors of Pengxin Global Resources Co., Ltd. has been vacant for a long time, and the duties of the board secretary have been performed by the acting chairman since January 21, 2022. Previously, the department issued a letter of recommendation for standard operation to the company, urging the company to promptly appoint a board secretary in accordance with regulations. However, as of now, the company has not yet completed the appointment of a board secretary. As for the responsible persons, Wang Jian and Wang Jinding, the former chairman of the company, as the main responsible persons of the company, did not fulfill their duties diligently and promptly advance the selection and appointment of a board secretary for the company, and are responsible for the aforementioned violations. The Shanghai Stock Exchange has decided to issue a regulatory warning to Pengxin Global Resources Co., Ltd. and the former chairman, Wang Jian and Wang Jinding.