Guocheng Mining: Subsidiary signs lithium concentrate purchase and sales contract, with total estimated goods value of 900 million yuan.

Guocheng Mining announced that its controlling subsidiary Guocheng Lithium and its associate company Jinxin Mining signed a "Lithium Concentrate Purchase and Sales Contract" on September 15, 2026, implementing the previously established long-term supply and sales framework agreement for spodumene concentrate. From September to December 2026, planned deliveries are 60,000 dry metric tons 20%, with an estimated total value of approximately RMB 900 million, based on a reference lithium concentrate unit price of RMB 15,000 per ton. Pricing references the monthly average prices of SMM and GFEX and includes a discount. This transaction constitutes a related-party transaction and is conducive to stabilizing the company's raw material supply for its lithium salt project. From the beginning of 2026 to the date of this announcement, the company has cumulatively provided guarantees of RMB 275 million for Jinxin Mining. Apart from this transaction and the guarantee, the total amount of other related-party transactions between the two parties is RMB 374 million.