Yuexiang shares: Subsidiary Jingyuan Mining won the mining rights.

Guangxi shares announcement, the company's wholly-owned subsidiary Jingyuan Mining participated in the open bidding activity for the mining rights of the Lianzhou anti-overturning quartzite mine in Liangzhou City through the natural resources trading system of Qingyuan City Public Resource Trading Platform on September 24, 2025, with a bid of 2.22 billion yuan, and obtained the "Bidding Result Notification". The reserves of the mining area in this bidding are 18.163 million cubic meters, mainly quartz for glass, mining method is open-pit mining, production scale is 2.6 million tons/year, and the transfer period is 20 years. The source of funds is Jingyuan Mining's own funds and bank loans. This bidding is in line with the company's overall strategic development plan, conducive to achieving sustainable development, and will not have a negative impact on the company's financial and operational conditions.