CSC Holdings: Intends to continue to opportunistically sell all its shares in Shengda Resources.

China Color Corporation Announcement: In order to better focus on the main business development, optimize the company's asset structure, and improve capital allocation efficiency, the company plans to continue to sell all the shares of Shengda Resources it holds at the right time. The company held the 7th meeting of the 10th Board of Directors on May 16, 2025, and approved the "Proposal on the Company's Intention to Sell Stock Assets". The Board of Directors agreed to authorize management and authorized personnel to sell all the shares of Shengda Resources held by the company according to the securities market conditions, including but not limited to the timing of the sale, trading methods, trading quantity, trading price, and signing relevant agreements. The authorization period is within 24 months from the date of the Board of Directors' approval. During this period, if Shengda Resources undergo stock dividends, capital surplus increases capital stock, etc., the sales quantity will be adjusted accordingly. As of March 31, 2025, China Color Corporation held 15.9261 million shares of Shengda Resources, accounting for 2.31% of the total share capital of Shengda Resources.