Huaxi Nonferrous Metals: cancellation of the mining exploration and prospecting rights auction in Zaiping Lead-Zinc Mine, Jinchengjiang District, Hechi City, Guangxi.

Hua Xiyou Se announcement, on July 8, 2025, the official website of the Department of Natural Resources of the Guangxi Zhuang Autonomous Region published the "Announcement of the Department of Natural Resources of the Guangxi Zhuang Autonomous Region on Cancelling the Qualification of the Bidder of the Zhaiping Lead-Zinc Mine Exploration and Prospecting Rights in Jinchengjiang District, Hechi City, Guangxi and Cancelling the Confirmation of the Sale of Prospecting Rights." Due to significant changes in the objective circumstances on which the mining rights auction was based, it was decided through negotiations to cancel the "Confirmation of the Sale of Prospecting Rights" signed with the 215 Geological Team and cancel its bidder qualification, canceling the sale of the exploration and mining rights of the Zhaiping Lead-Zinc Mine in Jinchengjiang District, Hechi City, Guangxi. The 215 Geological Team will follow the relevant regulations to handle the refund procedure of the bid security deposit of 1 million RMB. The cancellation of this exploration rights auction has not had a detrimental impact on the company's development strategy or financial situation.