Industrial Bank: received 1.2 billion yuan for the first installment of the sale of 60% equity of its subsidiary Shuangyuan Resources.

Industrial Bank announced that on March 2, 2026, the company decided to sell 60% equity of its wholly-owned subsidiary Shuangyuan Nonferrous, with 30% transferred to Xiangxiang Logistics and 30% to Hainan Zhuyuan. According to the agreement, the two parties are required to pay 51% of the first installment of 106 million yuan within 7 working days after the signing of the agreement. On March 4, the company received the first installment of 60 million yuan from Xiangxiang Logistics and Hainan Zhuyuan, totaling 120 million yuan, accounting for 57.79% of the total equity payment. The company will disclose information in a timely manner according to the progress of the transaction.