Luoyang Molybdenum Co., Ltd. Board of Directors approved multiple proposals including the restricted stock plan for H shares.

On September 23, 2025, the 4th extraordinary meeting of the 7th Board of Directors of Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. was held by way of circulation, with all 8 directors in attendance. The meeting deliberated and approved multiple proposals: first, the proposal related to the "Restricted Shares Plan for H Shares," including the plan itself, authorized quota, sub-quota for service providers, with a total maximum issuance of H shares not exceeding 393,345,000 shares, accounting for approximately 10.0% of the total issued H shares, and a sub-quota for service providers not exceeding 39,333,000 shares, accounting for approximately 1.0%. This proposal needs to be submitted for approval at the shareholders' meeting; second, the proposal to authorize the board of directors and/or authorized individuals to handle related matters; third, the proposal to convene the first extraordinary shareholders' meeting of 2025 to deliberate on the aforementioned matters.