Treasure Mining: Intends to bid 1.25 billion yuan to acquire 66% equity of Xinjiang Kaihong Investment.

Treasure Mining announced that the company plans to participate in the public bidding for the 66% equity of Xinjiang Kaihong Investment held by Shougang Yili Steel through the Beijing Property Exchange, with a transaction price of 1.25 billion yuan. Kaihong Investment's subsidiary Bashi Kaihong owns mining rights to Nu'erhu Iron Mine in Hejing County, among others. After the acquisition is completed, the company's controlled iron ore resources will reach 740 million tons. This transaction does not involve related transactions or major asset restructuring, and still needs to be reviewed by the first extraordinary shareholders' meeting in 2026. If the transaction is not completed, the company will disclose progress promptly.