Tongkun Group: Launching the Shanshan County coal mine project in Xinjiang with an investment of 6.144 billion yuan.

Tongkun Corporation Announcement: The 18th meeting of the 9th Board of Directors approved the proposal to initiate the construction of the Changcaodong open-pit coal mine project in Qiketai mining area of Shanshan County, Xinjiang. The project will be implemented by Xinjiang Zhongcan Comprehensive Energy Co., Ltd., with a total investment of 6.144 billion yuan, including 2.327 billion yuan for construction investment, 203 million yuan for construction period interest, 3.817 billion yuan for exploration right transaction price, and 64.0055 million yuan for initial working capital. The project construction scale is 5 million tons/year. The project is expected to have an average annual output value of about 1.8 billion yuan after reaching production, with an after-tax financial internal rate of return of 9.37% and an after-tax investment payback period of 10.42 years.