ST Zhengping: Wholly-owned subsidiary obtains mining license.

*ST Zhengping announcement: The company's wholly-owned subsidiary Ge'ermu Shengguang Mining Development Co., Ltd. has obtained the "Mining License" issued by the Department of Natural Resources of Qinghai Province. The mining license is valid from September 11, 2025 to September 11, 2041, and the name of the mine is Ge'ermu Shengguang Mining Development Co., Ltd. Naling Guole River West Iron Polymetallic Mine M1 section, with mining types including iron ore, copper ore, zinc ore, and silver ore, covering an area of 0.8184 square kilometers. Shengguang Mining will carry out related work on the conversion of exploration rights to mining rights in the M1 magnetic anomaly area of the Naling Guole River West Iron Polymetallic Mine, which is a polymetallic mine containing copper, iron, and zinc, with associated silver and sulfur ores.