Norinco International: There is business synergy with Norinco Mining, but no horizontal competition relationship.
On September 27, Norinco International stated on the interactive platform that Norin Mining is mainly engaged in the exploration, extraction, and sale of mineral resources, which falls under the mineral resource development business; Norinco International's oilfield and mine engineering service projects fall under the international engineering contracting business. The company has business synergy with Norin Mining, but there is no horizontal competition relationship. The company currently has no major undisclosed matters that should be disclosed. If major asset restructuring matters are involved in the future, the company will strictly comply with relevant regulations and timely fulfill its information disclosure obligations.
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