Western Gold: Huafang Iron Alloy production equipment shut down for maintenance.

Western Golden Announcement: The wholly-owned subsidiary Hongfa Ferroalloy currently has 4 units of 12500KVA semi-closed ore hot furnaces, with an annual production of 80,000 tons of ferromanganese alloy. Due to the low operating efficiency of the aging equipment, it is agreed to shut down for maintenance after consuming the existing inventory of raw materials, with the maintenance period expected to last until the end of the year. Hongfa Ferroalloy's audited operating income in the past year was 546 million yuan, with a net loss of 31.4617 million yuan; the unaudited operating income in the most recent period was 127 million yuan, with a net loss of 38.2091 million yuan. The resumption of production for Hongfa Ferroalloy is still uncertain, and the impact on the company cannot be accurately estimated at this time.