Jinchengxin: Subsidiary signs approximately $115 million mining contract

Jinchengxin announced that its subsidiary, Jinchengxin Mining Construction Zambia Co., Ltd., has obtained the mining contract for the Xianbishit Copper Mine from China Nonferrous Africa Mining Co., Ltd. for the 2026-2027 fiscal year, with a preliminary estimated amount of approximately USD 115 million, subject to actual acceptance of the work completed and settlement amounts. The performance of the contract will have a certain impact on the company's performance, adhering to the principle of fair pricing and will not affect business independence. However, due to the long duration of the contract, there are risks related to performance, force majeure, and high-risk operations, which investors are reminded to take note of.