Hualian Holdings: Progress disclosure of cash acquisition of 100% stake in Argentum Lithium S.A.

Huallian Holdings announced that on December 22, 2025, the company plans to acquire 100% of the shares of Argentum Lithium S.A. for approximately $175 million in cash, gaining an 80% stake in the Arizaro project. This transaction does not constitute a related party transaction or a major asset restructuring and still requires approval from the shareholders' meeting. As of the disclosure date of the announcement, the company has set up a performance bond escrow account and paid the bond, submitted overseas investment approval or filing materials to the Ministry of Commerce, and the related audit and evaluation work is ongoing. There are uncertainties in the implementation of the transaction.