Treasure mining: the controlling shareholder intends to merge with Xinjiang Nonferrous Group as a whole.

Bao Di Mining announced that on July 10th, it received a notification from its controlling shareholder, Xinjiang Geological and Mining Group, that they plan to merge with Xinjiang Nonferrous Metal Industry Co., Ltd. This matter will not have a significant impact on the company's production and operation, nor will it result in a change in the actual controller of the company. The overall merger still requires approval from the relevant authorities, and its implementation has uncertainties. The company will disclose any progress in a timely manner.