Compliant Opera- Intelligent Mines: People-Oriented

tions: Strengthen- Innovating for Mines: Deepening

ing Governance Win-Win Responsibility

Foundations Cooperation Fulfillment

About this Report 01 Deepening of Party Building Leadership 27 Promotion of Smart Operations 71 Promotion of Talent Development 103

Improvement of Corporate Governance 29 Protection of Data Security 79 Co-building of a Harmonious Society 112

Message from the Chairman 03

Protection of Investors’ Rights and Interests 33 Responsible Supply Chain 81

Sustainable Development Highlights in 2025 05 Enhancement of Risk Management 34

Future Prospects 117

About Dazhong Mining 07 Adherence to Business Ethics 37

Sustainability Management 13 Appendix 119

Indexes 119

Green Mines: Safe Mines: Feedback Form 121

Fostering Benchmarking

Ecological for Quality

Integration Improvement

Special Feature: "Lithium" Vision for a New 21 Response to Climate Change 43 Assurance of Product Quality 87

Era — Dazhong Mining’s Path to Break- Enhancement of Environmental Management 49 Solidification of Safety Defense Line 93

through in the Lithium Industry Improvement of Resource Efficiency 58

Practice of Green Operations 66

Construction of Green Mines 672025 Environmental Social and Governance (ESG) Report About this Report

About this Report

Report Overview Appellation Description

This is the third Environmental Social and Governance (ESG) report publicly released by Dazhong Mining In the Report for the sake of clarity and readability Dazhong Mining Co. Ltd. is referred to as "Dazhong

Co. Ltd. In the principles of objectivity standardization transparency and comprehensiveness the Mining" "the Company" or "we" depending on the context. For further details please refer to the 2025

Report details the continuous efforts and achievements of Dazhong Mining Co. Ltd. and its branches and Annual Report of Dazhong Mining Co. Ltd.subsidiaries in 2025 in response to opportunities and challenges related to sustainable development. This

is done to integrate ESG principles into operations and management respond to stakeholders’ concerns

and promote shared development with stakeholders. Confirmation and Approval

Reporting Scope

The Report was approved by the Board of Directors of the Company on April 23 2026 and was released in

This report covers Dazhong Mining Co. Ltd. as the main entity with relevant sections covering its subsid- conjunction with the Annual Report. The Board of Directors has committed to monitoring the contents of

iaries and branches.Unless otherwise stated the scope of this report is consistent with the scope of the the Report to ensure it contains no false records or misleading statements and is accountable for the

Company’s Annual Report. truthfulness accuracy and completeness of the Report.Reporting Period Access to this Report

This report covers the period from January 1 2025 to December 31 2025 (the "Reporting Period"). To

improve the comparability and perspectiveness of this report some statements and data may appropri- This report is released in both Chinese and English electronic versions. For any discrepancy between the

ately refer back to previous years and extend beyond the Reporting Period. Chinese and English versions the Chinese version shall prevail. You may download the electronic version of the Report from the websites of the Shenzhen Stock Exchange (http://www.szse.cn) the Company

(http://www.dzky.cn) and cninfo (http://www.cninfo.com.cn) to obtain more information about the Com-

Preparation Basis pany.Self-Regulatory Guideline N. for Companies Listed on Shenzhen Stock Exchange - Sustainability

Report (Trial) Feedback

Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. - Preparation of Sustain-

ability Report

Corporate Sustainability Disclosure Standards—Basic Standards (for Trial Implementation) released by If you have any questions about the Report or wish to provide valuable suggestions please feel free to

the Ministry of Finance and other authorities contact us through the following channels.China Enterprise Reform and Development Society Guide to Corporate Sustainability Reporting in China Contact Person: Lin Puzheng (Board Secretary)

(CASS ESG 6.0) Address:Dazhong Mining Co. Ltd. No. 55 Huanghe Avenue Baotou City Inner Mongolia Autonomous

Global Reporting Initiative Sustainability Reporting Standards (GRI Standards ) Region China

United Nations Sustainable Development Goals (SDGs) Website:http://www.dzky.cn

Email:info@dzky.cn

Tel: 0472-5216664

Data Source

Data sources used in the Report include public data from government agencies the actual operational

data annual financial data internal statistical reports of the Company third-party questionnaire surveys

third-party evaluations or interviews etc. The financial data in the Report is expressed in RMB. For any

discrepancy between this report and the financial statements the financial statements shall prevail.

01 022025 Environmental Social and Governance (ESG) Report Message from the Chairman

Accelerating construction of lithium mines we are driving the dual-base strategy to successfully tackle produc-

tion challenges.Message from the Chairman In 2025 we transitioned our lithium mine strategy from resource reserve to engineering construction and our two major production bases in Hunan and Sichuan made synergistic efforts to lay a solid development foundation with efficient

execution.Dear shareholders partners employees and friends: As the largest single lithium mica mine with the largest reserves in Chinathe Hunan Jijiaoshan Lithium Mine is advancing

its integrated mining dressing and tailing projects at full speed. "Longyuan" the world’s first lithium mine tunneling

2025 marks a pivotal year for Dazhong Mining to stay anchored shield machine successfully completed a 7.3 km transport tunnel in 10 months pioneering a new "tunnel transport"

to strategic priorities and forge ahead with determination amid model for lithium mining. The main plant of the ore dressing system has quickly taken shape where core equipment such

challenges and also a milestone year in our development histo- as the world’s largest high-pressure roller mill will be gradually installed.ry. Facing a complex and ever-changing macro environment The Sichuan Jiada Lithium Mine has also achieved breakthrough progress. Following the completion of resource reserve

Dazhong Mining has stayed true to the mission of "developing filing the Development and Utilization Plan and the Mining Area Ecological Restoration Plan have successively passed

mining and benefiting society". With the core business of iron expert reviews and the mining and processing project has been included in the list of key projects in Sichuan Province.ore as our "anchor" and lithium resources as our "new engine" Construction activities are advancing in an orderly manner with all mine roads fully opened and excavation of isolated

we deliver substantial and inspiring sustainable development tunnels setting new records for complex geological conditions laying a solid foundation for subsequent mine develop-

performance in the construction of green mines scenic mines ment.intelligent mines safe mines and people-oriented mines. The rapid advancement of the two bases injects strong momentum into our future profit growth and showcases the

Particularly encouraging we have achieved historic break- execution capability and competitiveness of our employees in the new energy sector.throughs in our strategic layout in the lithium resources sector

injecting strong momentum into our high-quality development. Sharing the value of development we ensure the protection of shareholder returns.We always prioritize investor interests and take tangible financial measures to build confidence in growth. During the

Dazhong Mining Co. Ltd.Chairman Reporting Period we completed the 2024 annual equity distribution on schedule implemented the second share repur-

chase and repurchased 20.3244 million shares with an amount of RMB 202 million. Additionally we revised its Sharehold-

Fulfilling governance responsibilities we strengthen the foundation for standardized operations. ers' Dividend Payment and Return Plan for the Next Three Years raising the lower limit of cash dividends for 2025 and

In 2025 we continuously improved the governance structure centered on the General Meeting of Shareholders the 2026 from 20% to 40% and establishing a rigid system to ensure shareholder returns. Looking ahead we will adhere to

Board of Directors and the Management to ensure the steady implementation of our strategy through standardized and the "Industry + Capital" dual-driver strategy. While ensuring that all projects are put into high-quality operation we will

efficient decision-making. We consistently fulfill our governance responsibilities strengthen communications with inves- provide investors with stable dividend policies and sustained profitability allowing every investor to share in the growth

tors enhance the transparency in information disclosure adhere to the bottom line of business ethics and earn market of Dazhong Mining.trust through integrity-based and transparent governance practices thus laying a solid foundation for sustainable devel-

opment. In particular in advancing lithium mining projects we leveraged our professional capabilities and standardized Upholding the safety baseline we fulfill the solemn commitment of putting life first.operations and successfully obtained a lithium mining license on October 28 2025 which was the first lithium mining We have always deeply instilled the philosophy of "cherishing life and prioritizing safety" in our hearts and taken the

license issued by the Ministry of Natural Resources following the implementation of the new Mineral Resources Law of construction of a "safe mine" as one of our core objectives placing work safety as the top priority. In 2025 we continued

the People's Republic of China. This marks a substantive breakthrough in our "iron + lithium" dual-engine strategy and to improve our safety management system integrated safety principles into corporate culture and daily operations

becomes an important turning point for the revaluation of the Company’s value. ensured product quality through professional capabilities safeguarded employee health through proactive prevention and promoted the integration of safety responsibilities into the actions of all employees.Deepening our commitment to green development we build harmonious and eco-friendly mines.In the face of challenges arising from climate change we integrate the fulfillment of our carbon reduction responsibilities Fostering a people-centered culture we write a new chapter of harmonious development.into strategic decision-making and daily operations. Through measures such as adopting advanced energy-saving The value of an enterprise lies not only in its economic benefits but also in its contributions to employees and society.technologies continuously advancing photovoltaic project construction and strengthening resource recycling we Regarding our employees as our most valuable asset we are committed to creating a fair inclusive and caring working

effectively reduce carbon emissions from our own operations. During the Reporting Period our cumulative photovoltaic environment safeguarding employees’ legal rights and interests and supporting their professional development and

power generation reached 31.2534 million kWh leading to a reduction of 20302.32 tCO e in the GHG emission; and both physical and mental well-being. We also integrate our development with local communities. Through various initiatives 2

the wastewater recycling rate and the compliant disposal rate of solid waste and hazardous waste reached 100% such as industrial assistance infrastructure support and charitable donations we invested a total of RMB 6.5689 million

contributing actively to the national "carbon peaking and carbon neutrality" goals. In the construction of green mines in social welfare throughout the year. We actively support rural revitalization give back to society in tangible ways build

the Zhouyoufang Iron Mine maintained its leading position as a green mine the Chongxinji Iron Mine was recognized as harmonious and mutually beneficial community relationships and explore sustainable paths for joint enterprise-com-

a provincial green mine in Anhui and included in the list of recommended national mines and the Pelletizing Branch was munity development and shared success.designated as a Green Factory of the Inner Mongolia Autonomous Region. During the development of lithium mining Advancing to shared progress we embark on a new journey with stakeholders.projects we innovatively adopted the shield tunneling technology to construct the mining beneficiation and transporta- The year 2026 will mark a new starting point for Dazhong Mining to embark on a new round of leapfrog development. We

tion tunnels replacing traditional road transport with fully enclosed underground transport corridors to minimize will continue to deepen our focus on the iron ore business using technological innovation and intelligent upgrades as

surface disturbance and ecological damage and practice the concept of green development through technological engines to drive the industry toward higher efficiency and a greener low-carbon future. We will fully advance the industri-

innovation. In addition the Jinrisheng Iron Mine Cultural Expo Park and the Dazhong Mining Industrial Tourism Scenic alization of strategic iron and lithium resources accelerate project construction at our two major lithium mining bases in

Area both designated as national AAA-level tourist attractions continuously explored a new green development model Hunan and Sichuan and strive to achieve breakthroughs in resource conversion and market share. Furthermore we will

integrating "industry + cultural tourism".Currently the two scenic areas are actively applying for national AAAA-level unwaveringly implement the philosophy of "Safety Green and Harmony" place safety first integrate environmental

scenic area designation to further enhance the integration of industrial culture and tourism. Meanwhile the Hunan protection into our corporate DNA actively fulfill our social responsibilities and pursue shared growth with employees

Jijiaoshan Lithium Mine and the Sichuan Jiada Lithium Mine have since their construction phases set the goal of becom- the environment and all stakeholders.ing AAAA-level industrial tourist attractions integrating green development and eco-tourism concepts into their Standing at a new historical starting point we firmly believe that supported by the stable foundation of the iron ore core

planning and design. They strive to achieve high-standard eco-cultural tourism functions upon completion opening up business the high-growth engine of the lithium resource strategy and the core driving force of technological innovation

new pathways for the sustainable development of the mining industry. Dazhong Mining will move toward a brighter future with steadier steps.

03 042025 Environmental Social and Governance (ESG) Report Sustainable Development Highlights in 2025

Sustainable Development R&D and innovation

Highlights in 2025

Number of R&D Personnel Percentage of R&D Personnel Investment in R&D

Economic Performance 480 Persons 11.36% RMB 152.8648 million

Percentage of R&D Investment Cumulative Number of Year-over-Year Increase in the

In Operating Revenue Authorized Patents Number of Authorized Patents

Operating Revenue Net Profit Attributable to the Parent Company 3.74% 518 Items 143 Items

RMB 4089.7322 million RMB 736.0348 million National High-Tech Enterprises National CNAS-certified Provincial Enterprise Laboratories Technology Centers

Total Assets Total Taxes 4 Mines 2 Mines 2 Mines

RMB 17037.3533 million RMB 579.9004 million

Work safety

Governance

Investment in Total Safety Education Participants in Safety

Work Safety and Training Sessions Education

General Meetings of Share- Meetings of the Board of Public Disclosure Announcements and RMB 199.9540 million 1109Times 33325Person-times

holders Convened Directors Convened Related Documents

4 12 206 Average Safety Training Times Times Copies Rectification Pass Rate Incidence Rate of Occupational DiseasesHours Per Capita of Potential Safety Hazards

0%

Penalties for Violations in Information Disclosure Signing Rate of Integrity Agreement 20.32Hours 100%

0Times 100%

No Litigation Cases Arising from Corruption or Embezzlement Employee Care

No Incidents of Penalties due to Unfair Competition or Monopolistic Conduct have occurred

Total Number of Signing Rate of Coverage Rate of

Employees Employment Contract Social Insurance New employees

Total Number of Employ-

ee Training Sessions

4225Persons 100% 100% 1520Persons 1285Sessions

Environmental Protection Total Duration of Total Number of Persons Average Training Expenditure on Basic Employee Satisfaction

Employee Training Trained (Person-time) Hours per Employee Employee Benefits

Investment in Environmental Protection Environmental Inspection Total Energy Consumption 94167.97Hours 33100 Persontimes 22.29Hours RMB16.9484million 100%

RMB 25.4545 million 66Times 80086.32 tce

Energy Consumption Intensity Photovoltaic Power Generation Contribution to Society

0.1958tce/RMB 10000 31.2534 million kWh

Total Investment Participations in Public Number of Volunteer Total Duration of

Carbon emission reduction from Photo- in Social Welfare Welfare Activities Activities Volunteer Service

voltaic Power Generation National Green Mines Provincial Green Mines RMB 6.5689 million 12Times 609Person-times 1650Hours

20302.32tCO2e 1Mine 1Mine Total Investment in People Benefiting from Social Contribution per

Rural Revitalization Rural Revitalization Share

GHG Emission Greenhouse Gas Emission Intensity

285090.01 RMB 3.4106 million 169Persons 1.38Yuan tCO2e 0.697 tCO2e/RMB 10000

05 062025 Environmental Social and Governance (ESG) Report About Dazhong Mining

About Dazhong Mining Industrial Layout

Main Business: Iron Ore Mining and Processing

Company Profile Iron Ore Business

Dazhong Mining Co. Ltd. ( "Dazhong Mining" or the "Company" under the stock code of 001203) was formerly known

as Inner Mongolia Dazhong Mining Co. Ltd. The Company was established on October 29 1999 reorganized into a Two Iron Ore Production Bases

joint-stock company from a limited liability company on May 29 2009 and officially listed on the Main Board of the

Shenzhen Stock Exchange on May 10 2021. The Company is headquartered at No. 55 Huanghe Avenue Baotou City

Inner Mongolia Autonomous Region China.Dazhong Mining operates in the solid mineral resources mining and dressing industry. Our main businesses include

the mining and dressing of iron ores the production and sales of iron ore concentrates and pellets and the processing InnerMongolia AH

and sales of by-products such as manufactured sand and sulfuric acid. Our principal products are iron ore concen-

trates and pellets. We operate two major iron ore production bases in Inner Mongolia and Anhui. Leveraging abundant

mineral resource advantages and years of accumulated mining and beneficiation technological expertise we are a

large-scale and cost-competitive enterprise specialized in the mining and dressing of iron ores in China. Reserve Advantages

To align with the development trend of the new energy industry Dazhong Mining grounded in the national "carbon

peaking and carbon neutrality" strategic goals has successfully established an "iron ore + lithium ore" dual-engine Iron Ore Reserves Filed by the 690 Available Reserve Million Tons 70.8541 Million Tons

development model through proactive planning and precise strategic positioning while steadfastly advancing core Ministry of Land and Resources: of Iron Pyrite:

businesses of iron ores.We have two major lithium mines in Hunan and Sichuan with the combined lithium carbonate

equivalent (LCE) reserves exceeding 4.72 million tons Among them the Jijiaoshan Lithium Mine in Linwu County of

Hunan Province with an ore reserve of 490 million tons is the largest single lepidolite-type lithium mine registered Layout of New Energy Mineral Resources and Expansion

with the Ministry of Natural Resources in China and also a major achievement of the Ministry of Natural Resources of New Energy Business in Lithium Mining

under the Prospecting Breakthrough Strategic Action for the 14th Five-Year Plan Periodwith a planned raw ore mining

and dressing capacity of 20 million tons/year corresponding to an annual production capacity of 80000 tons of Entry into the Lithium New Energy Business in 2022

lithium carbonate. The first mining area of the Sichuan Jiada Lithium Mine has lithium carbonate equivalent resources

of approximately 1.4842 million tons with a planned annual mining capacity of 2.6 million tons corresponding to

an annual production capacity of approximately 50000 tons of lithium carbonate equivalent.Acquisition of Two Major Lithium Resources in 2023

In the future as iron ore raw ore mining capacity gradually reaches full production and lithium mine projects are

completed and put into operation the industry position of Dazhong Mining will be further enhanced and the momen-

tum for high-quality development will become stronger. Acceleration of Project Construction in 2024

Quality and Efficiency Improvement in 2025

The registered resources in the Hunan Jijiaoshan Lithium Mine and the first mining area of the Sichuan Jiada Lithium

Mine have exceeded 4.72 million tons of lithium carbonate equivalent demonstrating a clear scale advantage

within the industry.Hunan Jijiaoshan Lithium Mine Sichuan Jiada Lithium Mine

The Hunan Jijiaoshan Lithium Mine is designed The Phase I Project of the Sichuan Jiada Lithium

with a mining and dressing capacity of 20 million Mine is designed with a mining and dressing

tons/year corresponding to an annual production capacity of 2.6 million tons/year correspond-

capacity of approximately 80000 tons of lithium ing to an annual production capacity of approxi-

carbonate. mately 50000 tons of lithium carbonate.

07 082025 Environmental Social and Governance (ESG) Report About Dazhong Mining

Enterprise Culture Strategic Positioning

With iron as our foundation and lithium as our lifeline we leverage exist-

Development Vision Enterprise Mission ing iron ore resources to "improve quality increase output reduce costs

To be a mining group recognized by Unswervingly support the leadership of and enhance efficiency". By integrating resources and deepening our

employees well-known in the industry the Communist Party of China and operations we aim to build a high-value hub across the entire iron ore

and respected by the society actively respond to General Secretary Xi’s call for the realization of the great Endogenous Growth lifecycle and achieve stable growth in net operating cash flow and key

rejuvenation of the “Chinese Dream” Strategy financial performance. In addition focusing on our two major lithium and work hard for it.Enterprise Spirit mining bases we strive to promote the implementation and efficiency of core projects increase profit margin and evolve Dazhong Mining into a

Conquer difficulties and operate Nature first environmental benchmark for operational excellence in the private mining sector.protection first

with innovation

Life first safety first

Enterprise Culture We invest in and acquire high-quality domestic and international

Ensure that Common wealth is the resources to expand iron ore reserves and continuously deepen our

Team First Talent Second original aspiration of Dazhong Mining involvement in the lithium mining and new energy industries to unlock a

second growth curve. Through the dual-engine approach we solidifyBuoyed by the rise of the “Belt and our leading position in the private iron ore industry and build a highlyRoad” Initiative to build a century-long

greater China mining company External Expansion competitive new energy lithium mining enterprise.Enterprise Objectives Strategy We strategically position high-value core minerals such as lithium ore

Adhering to process continuously expand our resource footprint achieve a strategic upgrade Persist in industry and Adhering to the innova- from "single-point breakthrough" to "dual-engine drive" and ultimately

stay true to the original tion drive innovating reengineering with an Adhering to asset

aspiration management and internet-driven establish a multidimensional development pattern featuring "multi-pole

mindset to continu- securitization leverag-business models and synergy".ously improve ing capital and feeding leading the digitalization industry

and upgrading of corporate manage-

industries ment models Passed the reserve review and filing procedures for the

Tongtianmiao section of the first mining area at the

Jijiaoshan Lithium Mine in Linwu County

Development History

2024年2025年

Established the Inner Mongolia Dazhong Get reviewed and filed by the Ministry of Natural Resources for the mineral

Mining Joint Stock Co. Ltd. through Conducted the public offering of resource reserves outlined in the Lithium Exploration Report for the Lines 080 of the Jiada Mining Area in Barkam City Sichuan Province submitted by Dazhong

overall restructuring convertible corporate bonds New Energy;

Signed an Investment Agreement with the Linwu High-Tech Industrial Develop-

1999年 2009年 2021年 2022年 2023年 ment Zone Management Committee to invest RMB 1 billion in the construction of a lithium-battery new materials project with an annual output of 3000 tons of

metallic lithium and made a forward-looking layout in the lithium battery industry

Inner Mongolia Dazhong Listed on the main board Acquired a controlling stake in Chenzhou chain;Obtained a Mining License issued by the Anhui Provincial Department of Natural

Mining Co. Ltd. of the Shenzhen Stock Chengtai Mining Co. Ltd. through an auction Resources for the Zhouyoufang Iron Mine of Jinrisheng Mining which authorized

Exchange thereby gaining control over the lithium-bear- an annual production capacity of 6.5 million tons for a term of 30 years;

ing polymetallic mineral resources in the Enabled the Mining Plan for the Mineral Resources in Jiada Lithium Mine submitted

Jijiaoshan mining area of Linwu County and by Dazhong New Energy to pass expert review organized by the Strategic Research

formally entered the lithium mining and new Center for Oil and Gas Resources the Ministry of Natural Resources which autho-rized an annual production capacity of 2.6 million tons;

energy industry Helped Chenzhou Chengtai obtain a Mining License issued by the Ministry of Natu-

Won the exploration rights for the Sichuan ral Resources for the Hunan Jijiaoshan Lithium Mine which authorized an annual

Jiada lithium mine through auction production capacity of 20 million tons for a term of 30 year;

Increased the market value to RMB 50 billion.

09 102025 Environmental Social and Governance (ESG) Report About Dazhong Mining

Honors and Qualifications

ESG Performance and Honors Honors

The Inner Mongolia Dazhong Mining

Industrial Tourism Zone was honored

with the title of "Civilized Tourism

Demonstration Unit of the Inner

Mongolia Autonomous Region"

Dazhong Mining was again

listed on and ranked 15th

among the 2024 Top 50

Metallurgical Mining Enterprises

2025 Best ESG Practice Award Dazhong Mining won the in China;

for Listed Companies "2025 Golden Dawn Growth

Potential Award"

E-Board ESG Rating

Dazhong Mining was again included in

the List of "2025 Top 100 Private

Wind ESG Rating Enterprises in Inner Mongolia"

Sino-Securities Index (SSI) ESG Rating

Dazhong Mining was honored as the

"Advanced Primary Working Commit-

tee on Caring for the Next Generation"

Sichuan Dazhonghe was awarded the

Honors of Individuals title of "Outstanding Private Enterprise"

Dazhong Mining and Hunan Dazhonghewon

the Excellence Award in the Chenzhou

Preliminary Round of the Hunan Division of The Shanpiangou Pyrite Mine of

the 2025 "Data Elements ×" Competition Jinhui Rare Mineral was awarded the

and the Chenzhou Data Technology and title of the "Work Safety Model

Application Vocational Skills Competition Enterprise in the Urad Front Banner"

Association Membership

Lin Puzheng received the "4A Rating in the Member of the Metallurgical Mines’ Association of China Member Unit of China Nonferrous Metals Industry Association

2025 Performance Evaluation by the Board Member of the China Aggregates Association Member of the All-China Federation of Trade Unions

Secretary of the Listed Companies"

Member of the Trade Unions of Urad Front Banner Vice President Unit of the Entrepreneurs Association of Urad Front Banner

Member of the China Mining Association

11 122025 Environmental Social and Governance (ESG) Report Sustainability Management

Sustainability Management

Dazhong Mining deeply integrates the philosophy of sustainable development into corporate governance and strate-

gy priorities. By establishing an ESG governance system to guide business operations and decision-making and

upholding the corporate mission to "follow nature and prioritize environmental protection" the Company actively

explores new pathways for green mining development and strives to build a "Five-Dimensional Mine" development Members of the Board of Directors

model that integrates "green mines scenic mines intelligent mines safe mines and people-oriented mines". This

strategy not only demonstrates the Company’s strong commitment to environmental and social responsibilities but Authorize the Strategy and Sustainability (ESG) Committee to review

also delivers positive impact through sound governance driving the creation of sustainable long-term value. and approve the Company’s ESG strategies objectives and action

Board of plans;

Directors Make decisions on major ESG-related matters such as investment

ESG Governance Mechanism projects and partner selection;Review the Company’s annual ESG report and other ESG-related

disclosure documents;

Dazhong Mining has established an ESG governance structure led by the Board of Directors and set up a Strategy and

Sustainability (ESG) Committee under the Board of Directors. To support the structure the Company has formulated

the Rules of Procedure for the Strategy and Sustainability (ESG) Committee which is responsible for studying the Members of the Board of Directors

Company’s medium- and long-term development strategies major investment decisions and related ESG matters

ensuring that ESG performance targets are deeply integrated into the Company’s strategy and daily operations to Conduct research and provide recommendations on the Company’s

continuously drive comprehensive value enhancement. long-term development strategy major investment decisions and ESG-related matters;

Review and oversee ESG matters including objectives planning

Strategy and policy formulation organizational implementation risk assessment

Decision-making Level Board of Sustainabili- performance and information disclosure and answer to the Board of

Directors ty (ESG) Directors;Committee Urge the Company to strengthen communication with stakeholders

on key ESG matters;

Review the Company’s ESG report and other ESG-related disclosures

to ensure their completeness and accuracy.Strategy and Sustainability Audit Nomination Remuneration and

(ESG) Committee Committee Committee Appraisal Committee Led by the Board Secretary and administered

by the Office of the Board of Directors

Comprehensively coordinate guide and implement the ESG strate-

gies objectives and plans established by the Board of Directors and

Management ESG Working Group ESG Working the Strategy and Sustainability (ESG) Committee;

Group Complete ESG-related tasks assigned by the committees under the

Board of Directors.Execution

Level Functional Departments Subsidiaries

Advance the implementation of ESG initiatives in daily operations to

Heads of Depart- ensure effective execution in alignment with the Company’s ESG

ments and strategy objectives and plans.. . . . . . Subsidiaries

1314

Decision-making Level Management Execution Level

Sichuan Dazhonghe

Hunan Dazhonghe

Jinrisheng Mining

Bidding and Procure-

ment Department

Management Control

Department

Safety and Environmental

Protection Department

Party and Mass

Environmental Protec-

tion Department

Development

Planing Center

Human Resources

Department

Board Office2025 Environmental Social and Governance (ESG) Report Sustainability Management

Strategic Goals and

positioning Directions Our Actions in 2025

UN SDGs

Responded

ESG Strategy and Target Progress

Achieving win-win outcomes Deepen the application of intelligent dispatching

through innovative development: platforms based on the introduction of full-pro-

Dazhong Mining deeply integrates core ESG principles into the strategic blueprint establishes an ESG strategic frame- We closely focus on the develop- cess mechanized equipment to realize automat-

work that is oriented toward sustainable development and centered on the construction of the "Five-Dimensional ment goals of mechanization ed control of key processes such as one-click automation informatization and

Mine" model actively responds to the United Nations Sustainable Development Goals and implements key actions remote start-stop of ore dressing plants intelligentization and introduce automatic ball addition for ball mills and

and performance indicators in annual business plans to continuously drive long-term value enhancement. new technologies and models automatic chemical dosing for flotation;

through integrated development. Introduce rail-mounted automatic inspection

Intelligent While embedding the concept of robots deploy robot dogs for intelligent

Strategic Goals and UN SDGs “digital-intelligent” mining inspection and apply AI video algorithms for Our Actions in 2025 Mine philosophy throughout the entire positioning Directions Responded intelligent identification and early warning of process of mineral resource unsafe behaviors explore remote operation of

development and utilization we LHDs and promote simultaneous improvement

Deepen the integration of Party building strive to build intelligent mines in safety management and production efficiency

Fulfilling governance responsi- leadership with corporate governance promote with distinctive Dazhong character- through "intelligent" technologies;

bilities: We will continuously the construction of "Top Ten Mines" under the istics that feature mechanization Improve innovation incentive mechanisms suchimprove the corporate gover- strategic guideline of "Party Leadership Green automation informatization and as the “Five Small Innovations and Onenance system uphold the Development"; intelligentization and create a new Method” and encourage frontline employees to

leadership of the Party focus on Continuously optimize the governance structure model of safe efficient green and pursue micro-innovations in safety environmen-

Governance core business development improve risk management and internal control

sustainable mining development to tal protection and efficiency to form endoge-

protect investors’ rights and mechanisms strengthen communication with lead the Company toward nous momentum for innovation-driven develop-

interests strengthen investor investors through diversified channels enhance high-quality development. ment.communication and engage- the quality and transparency of information

ment enhance the transparency disclosure and effectively safeguard investors’ Setting a safety benchmark: we Improve and strictly implement the full-staff work

of information disclosure and legitimate rights and interests; adhere to the safety philosophy of safety accountability system offer safety education

strictly adhere to the bottom line Adhere to the bottom line of business ethics "cherishing life and prioritizing and training and deepen the promotion of the

of business ethics. require all employees to sign integrity agree- safety" uphold work safety as a safety culture among employees through the

ments and offer special training on anti-com- core business principle embed intelligent distribution of safety learning tasks and

mercial bribery and anti-corruption. safety concepts safety aware- active learning by employees;

ness safety mindset safety Strengthen dual prevention of risks and potential

knowledge and safety skills into hazards utilize digital safety management systems

corporate culture and operations; to realize the classification and control of risks the

Respond to the national "carbon peaking and Safe Mine increase safety investment to real-time reporting of potential hazards and

carbon neutrality" goals comprehensively realize mechanization-based closed-loop management as well as potential

advance energy-saving and consumption-reduc- personnel substitution and hazards identification and rectification; identify and

tion technological upgrades and green transforma- informatization-based personnel rectify over 17000 potential hazards throughout the

tion implement energy-saving retrofits (such as reduction and enhance intrinsic year with a 100% rectification rate for major

frequency conversion “oil-to- electricity” safety levels; build a safety potential hazards;

conversion for LHDs and permanent magnet management system and improve Continuously increase safety investments enhance

motor upgrades) and orderly promote photovolta- safety through intelligent tools safety levels in key processes through measures

ic projects in mining areas deploy clean energy and systematic management. such as "replacing manual labor with mechaniza-

and reduce operating costs energy consumption tion and reducing personnel through automation"

and carbon emissions; and safeguard the health and safety of employees.Continuously improve the environmental manage-

ment system reduce pollutant emissions and Becoming a responsible employ-

Striving to be a pioneer in achieve 100% recycling of production wastewater er:we adhere to a people-oriented

environmental protection: We and 100% compliant disposal of solid waste; philosophy develop together with

respect follow and protect Strengthen resource recycling to form an integrat- employees focus on employee Strictly comply with the principles of equal

nature comprehensively ed circular economy pattern of "Pyrite Mining and training and growth stimulate employment achieve a 100% signing rate of

Green Mines implement the green mine Beneficiation → Sulfur Concentrate Acid Produc- employee motivation co-create employment contracts establish diversified development strategy actively tion → Reuse of Roasted Iron Powder → Waste and share value with employees training mechanisms such as the "Mentor-Appren-Scenic Mine build tourism-oriented mines and Heat Power Generation → Environmental Gover- create favorable working condi- tice" program and organize induction training for

integrate ecological responsibility nance"； tions and atmosphere care for new employees to support their career develop-

and environmental protection Through measures such as afforestation and employees’ lives help solve their ment;

awareness into the Company’s backfilling of abandoned mines steadily imple- difficulties and foster the working Continuously carry out activities such as assistance

production structure and ment mine ecological restoration continuously environment of a happy mine. for employees in need and health care initiatives to

methods. promote green mine certification with Zhouyou- People-Ori- Fulfilling social responsibility:we create the working and living atmosphere of a

fang Iron Mine recognized as a national green mine ented Mine adhere to the principle of common "Happy Mine";

and Chongxinji Iron Mine recognized as provincial prosperity continuously explore Actively respond to the national rural revitalization

a green mine and initiate green certification for and innovate development models strategy and empower sustainable development

Shujigou and Dongwufenzi mines. To date for common prosperity promote of rural areas through multiple dimensions such as

Shujigou has passed the expert review for green coordinated development between livelihood infrastructure cultural heritage and

mines in the Inner Mongolia Autonomous Region the Company and communities industrial collaboration;

and is pending public announcement; and shared prosperity with regions Make cumulative charitable donations of RMB

Jinrisheng Iron Mine Cultural Expo Park and the serve national strategies such as 6.5689 million to support education assistance

Dazhong Mining Industrial Tourism Scenic Area as the Belt and Road Initiative ecological governance and emergency disaster

national AAA-level scenic spots continuously actively respond to public welfare relief and convey the Company’s warmth through

explore a new “industry + cultural tourism” responsibilities and fulfill responsible actions.green development model. corporate social responsibility.

15 162025 Environmental Social and Governance (ESG) Report Sustainability Management

ESG Risk Management Stakeholders Demands and Expectations Main Communication Channels

Ore Quality After-sales Service

Dazhong Mining continuously explores the integration of ESG principles into Environmental management

the risk management and decision-making processes of the Company. With system Maintenance of Good Cooperation Company Website and Email

reference to international standards and best practices of the industry the Customers Supply of High-Quality Products Customer Roundtables

Strategy and Sustainability (ESG) Committee leads the implementation of Corporate Safety Governance Management and Services Satisfaction Survey

ESG risk assessments. The Company continuously improves the environ- System System

mental management system the safety management system the talent ESGRisk

management system the supplier management system and the corporate Management Protection of Employees' Rights

governance system to strengthen non-financial risk management capabili- System and Interests

ties. In addition the Company comprehensively identifies evaluates and Employees’ Congress

analyzes internal and external risks related to climate change environmen- Supplier Quality Compensation and BenefitsManagement Management

tal management product quality control and the protection of employ- System System Occupational Health and Safety Symposiums

ees’ rights and interests thereby ensuring that the Company maintains Talent Employees Visits and Outreaches

strategic resolve in a complex internal and external environment and lays a Sound Career Development Management

solid foundation for long-term sustainable development. System Channel Employee Satisfaction Survey

Comprehensive and Complete

ESG Training and Promotion Communication Channels

Dazhong Mining attaches great importance to translating the ESG Legal and Compliant Operations

management system into practical actions. Through ESG-related Promotion of Economic Develop- Information Disclosure Platforms

training the Company deepens employees’ understanding of ment Site Visits and Reporting

sustainable development strategies and related policies enhances Governments Lawful Tax Payment

their professional capabilities and execution effectiveness and and Regulators Government Research

provides a solid talent pool and organizational support for the Fulfillment of Social Responsibility

achievement of ESG targets.During the Reporting Period the Compa-

ny organized and offered ESG-themed training for heads of function-

al departments at headquarters and key management personnel Daily CommunicationBusiness Ethics

from subsidiaries and branches with a total of 65 participants. The Training on ESG Report Preparation Offer Training for Suppliers

training provided solid talent support and organizational backing for Partners Integrity and Mutual Benefit Supplier Conference

achieving our ESG targets and effectively promoted the implemen- Accurate Information Disclosure

tation of our sustainable development strategy. Industry Association Activities

Communications with Stakeholders Public Welfare and Charitable

Support for Community Develop- Activities

Community and ment

Dazhong Mining consistently upholds the concept of establishing long-term mutual trust with stakeholders and Public Wel- Volunteer ServicesRegional Economic Development

attaches great importance to continuously understanding and responding to their expectations and demands. In the fare/Social Cultural Exchange

principles of integrity interaction equality and transparency the Company has established a normalized communi- Focus on Disadvantaged Groups Publicity Visits

cation mechanism covering multiple levels and forms. Through systematic collection in-depth analysis and effective Organizations

response to the opinions and suggestions of key stakeholders such as shareholders customers employees commu-

nities and regulatory authorities the Company ensures that the reasonable demands of stakeholders are effectively Climate Change

incorporated into strategic decision-making and operational improvements. Mining Area ConstructionWater Resource Management Cooperation in Environmental

Natural Environment Biodiversity Protection

Stakeholders Demands and Expectations Main Communication Channels Emission Management Promotion of Environment

Protection of Shareholders’Rights

and Interests Investor Service Hotline & Email ESG Initiatives Public Media Platforms

Healthy and Steady Operation General Meeting of Shareholders Media Brand Reputation Press Conference

Shareholders Accurate Information Disclosure irm.cninfo.com.cn

and Investors Returns to Shareholders Investors’On-site Survey

Risk Resilience Performance Briefings

17 182025 Environmental Social and Governance (ESG) Report Sustainability Management

Management of Material Topics Materiality Issue Evaluation Results

Based on development strategy and expert judgment Dazhong Mining conducted a systematic analysis

from the two dimensions of "impact materiality" and "financial materiality" ultimately forming a materi-

Assessment Process and Methods ality matrix.In strict accordance with domestic and international standards including the Self-Regulatory Guidelines

No. for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (For Trial Implementa-

tion) and GRI : Material Topics the Company adopts the assessment framework based on the double

materiality (namely financial materiality and impact materiality). Based on the characteristics of the

Company’s core business industry trends regulatory requirements and opinions from external experts 10

and after prudent evaluation and reassessment "Social Contribution Rural Revitalization and Communi-

cation with Stakeholders" have been designated as material topics. The specific implementation steps 121

are as follows: 11 12

2

Step 1: Establish a pool of material topics 22 9 6 5

24 13 Topics with both Financial 16

Based on analysis of macro policies and industry trends research on domestic and international 3 Materiality and Impact 15 8 4

ESG rating standards review of the Company’s business model and strategic objectives and com- 1819 7 Materiality

bined with stakeholder identification and assessment of related impacts risks and opportunities a

preliminary topic pool has been established. Topics with Financial 23 14 Materiality rather than

17 Impact Materiality

Topics with Impact Materiali-

ty rather than Financial

Step 2: Review and update the pool of topics 20 Materiality

Review and update the list of topics related to sustainable development by reference to standards Topics without Financial

of authorities such as GRI (Global Reporting Initiative) UN Sustainable Development Goals (SDGs) Materiality or Impact Materi-

SASB and MSCI as well as relevant industry-related topics of domestic and international peers. ality

Financial Materiality Very high

The list of material topics of Dazhong Mining is as follows:

Step 3: Assess the materiality of topics Dimension Topic Statement of Materiality

Impact Materiality Assessment: sort out the potential or actual positive or negative impacts of * Environmental Compliance Management * E n e r g y Utilization

each topic on the external environment society and economy and identify topics with impact * Double Materiality * Double Materiality

materiality based on industry disclosures and expert judgments. * Response to Climate Change * Circular Economy * Double Materiality * Double Materiality

Financial materiality assessment: Identify topics with financial materiality through the assessment * Water Resource Utilization * Pollutant Emissions * Double Materiality * Double Materiality

of impact dependency likelihood and potential financial impacts in combination with depart- * Waste Disposal * Tailings Management

mental research and expert judgment. * Double Materiality * Double Materiality* Protection of Ecosystem and Biodiversity * Impact Materiality

* Protection of Employees’ * Employee Training * Occupational Health

Legal Rights and Interests and Development and Safety * Impact Materiality * Impact Materiality

* Double Materiality Double Materiality

Innovation-driven Safety and Quality of Data Security and

Step 4: Prioritize and confirm material topics Development Products and Services Privacy Protection Financial Materiality Impact Materiality

Prioritize material topics based on the Company’s strategy and assessment results form a list of Supply Chain Safety Equal Treatment of Small and Impact Materiality Relevance Medium-Sized Enterprises

topics with impact materiality and financial materiality and ensure transparent balanced and Impact Materiality Impact Materiality

complete disclosure in the Report. Contribution to Society Rural Revitalization Science and Technology Ethics Relevance

Anti-Commercial Bribery Anti-Unfair Competition Impact Materiality Impact Materiality and Anti-Corruption

Due Diligence Communications with Stakeholders Relevance Impact Materiality

Note: "Double materiality" refers to topics that are both financially material and impact material; and "relevant" refers to topics that

are neither financially material nor impact material.

1920

Very high Materiality of Economic Social

and Environmental Impacts2025 Environmental Social and Governance (ESG) Report Sustainability Management

﹃ 2025 marks a critical year for Dazhong Mining’s lithium mining business to transition from resource reserves to large-scale development. The Company has seized devel- Sichuan Jiada Lithium Mine

opment opportunities arising from the global energy transition and the national ·Key Performance2025·

strategy for independent and controllable supply of strategic mineral resources.Relying on two major lithium mining bases in Sichuan and Hunan driven by techno-

logical innovation underpinned by green development and guided by a full-indus- Within the first mining area of 2.056 square kilometers 43.436 million tons of ore have been iden-

try-chain integration approach the Company is building core competitiveness from tified containing 0.601 million tons of lithium oxide (approximately 1.4842 million tons LCE) with

resource control to value transformation making Dazhong’s contributions to

safeguarding national lithium resource security and supporting the development of an average grade of 1.38%.the new energy industry.﹄ Progress and Recognition

Resource Reserves: Giving Full Play to the Dual-Core Drive Mode The first mining area has completed the resource

Ranking Among the Leading Lithium Resource Holders in China filing the mining plan has successfully passed the

review and the mining scale for Phase I has been

Through strategic planning Dazhong Mining has established two major lithium designed at 2.6 million ton/year with an annual

mining bases in Sichuan and Hunan with a combined reserve exceeding 4.72 lithium carbonate production capacity of approxi-

million LCE tons corresponding to an annual production capacity of 130000 tons mately 50000 tons. The Ecological Restoration Plan

ranking among the leading lithium resource reserves in China. passed expert review by the Ministry of Natural Resources in January 2026 and the mining license is

to be issued. The project has been successfully

Hunan Jijiaoshan Lithium Mine included in the list of key projects of Sichuan Prov-

·Key Performance2025· ince and the provincial priority sequence for high-quality development. Sichuan Jiada Lithium Mine

The mine contains 490 million tons of ore with 1.3135 million tons of

lithium oxide (approximately 3.2443 million tons LCE) at an average

grade of 0.268% and is associated with strategic minerals such as Technological Innovation: Solving Industry Challenges to Build a Cost Moat

potassium rubidium tantalum niobium tin and strontium. Dazhong Mining has innovatively applied the technical expertise accumulated in the iron ore sector to

lithium mining achieving breakthroughs across the entire chain of mining dressing and extraction of

Progress and Recognition lithium.In October 2025 the project obtained a mining license issued by the Ministry of Pioneering Application of Shield Tunneling Machines in Mining to Address High-Altitude Development

Natural Resources authorizing an annual mining scale of 20 million tons which Challenges

is the first lithium mining license issued nationwide following the implementa-

tion of the new Mineral Resources Law of the People's Republic of China. As a Hunan Jijiaoshan Lithium Mine Project:"Longyuan" shield tunneling machine the world’s first

major achievement of the Ministry of Natural Resources under the Prospecting shield tunneling machine used for lithium mining took 10 months to complete the 7.3-kilometer

Breakthrough Strategic Action for the 14th Five-Year Plan Period it is currently miningdressing connection tunnel ahead of schedule after breaking multiple world records filling

the lithium mine with the largest registered resource volume filed with the the gap in the application of shield tunneling machines in China’s lithium mining sector. Currently

Ministry of Natural Resources and has been widely reported by hundreds of the upgraded "Tuozhan" shield tunneling machine has resumed operations continuing to expand the

domestic and international media including Xinhua News Agency and CCTV. underground transportation network while putting into practice the philosophy of high-end equip-ment recycling and green construction.Sichuan Jiada Lithium Mine Project:The Company also introduced a tunnel boring machine (TBM)

shield construction solution and adopted an intelligent mining plan featuring "fully underground

development and fully belt-conveyor transportation" for harsh high-altitude environment. The

"Dazhong" and "Jiada" shield tunneling machines operate collaboratively respectively responsible

for excavation of the miningdressing connection tunnel and adit excavation enabling all-weather

continuous operation. Upon the completion of the tunnel traditional winding mountain roads are

replaced with "straight-line uphills" completely resolving winter transportation challenges in

high-altitude mining areas and increasing the annual effective production time to nearly 330 days. In

2025 the annual completion rate of the exploratory tunneling project of the Jiada Lithium Mine

reached 135.9% with a monthly advance of 132 meters in single-head tunnels setting a new record

for excavation in complex geological conditions. In addition the tunnels excavated by the shield

tunneling machines serve a dual purpose as both "exploration corridors" and "permanent infrastruc-

Hunan Jijiaoshan Lithium Mine ture" providing efficient exploration pathways and immediately usable infrastructure support for

subsequent resource development.

2122

Lithium Vision for a New Era Dazhong Mining’s Path to Break-through in the Lithium Industry

Special Feature2025 Environmental Social and Governance (ESG) Report Sustainability Management

Innovation in Ore Dressing Processes to Improve Efficiency

Hunan Jijiaoshan Lithium Mine:Drawing on mature experience from the iron ore sector the Company innovatively

applied a strong magnetic pre-concentration technology to remove 85% of waste rock through pretreatment with only the

remaining 15% of concentrated materials requiring subsequent flotation thereby significantly reducing the ore dressing

costs. The monomer liberation degree of zinnwaldite reached over 86% the lithium oxide grade increased to 2.3% and the

ore-dressing recovery rate reached an industry-leading level.Sichuan Jiada Lithium Mine:For the objective conditions in western Sichuan where effective operating periods are affect-

ed by the climate the Company has made a breakthrough via technological innovations and proposed an intelligent

"Dazhong" Shield Tunneling Machine Launch Ceremony of the "Tuozhan" Shield mining solution that "all ores are mined underground and transported with belt conveyors". With large-scale application of

at Sichuan Dazhonghe Tunneling Machine of Hunan Dazhonghe TBM technology the annual effective production time is increased to nearly 330 days. In terms of ore dressing process

based on traditional flotation and drawing on mature experience we have determined a high-efficiency process route to

realize the early removal of waste rock and the early output of standard concentrates which effectively reduces the subse-

quent processing capacity and energy consumption.Green Development: Setting a New Ecological Benchmark for the Industry

Dazhong Mining has deeply integrated ESG principles throughout the entire development process of lithium mines using

technological innovation to address development challenges in ecologically sensitive areas. The two major lithium mining

"Jiada" Shield Tunneling Machine at Breakthrough Ceremony of the "Longyuan" Shield projects have established a demonstration effect in green exploration ecological restoration and the circular economy.Sichuan Dazhonghe Tunneling Machine at Hunan Dazhonghe

Breakthrough in the Comprehensive Lithium Extraction Technology for the Safe Treatment of Lithium Slag Item Green Innovation Measures

In June 2025 Hunan Dazhonghe a wholly owned subsidiary of Dazhong Mining released pilot-scale results of its Innovatively adopt a green exploration approach combining drone-assisted hoisting with cableway

comprehensive technology for lithium extraction from lithium slags. This industry-first technology was successfully Hunan transportation reduce vegetation damage by more than 60% and achieve "zero road construction"

developed after hundreds of experimental iterations. Core breakthroughs include: Jijiaoshan explorationAdhere to the model of "mining while restoring and reclaiming" and break down reclamation tasks

Lithium recovery rate: The comprehensive lithium recovery rate increased to over 90%. Compared with traditional Lithium into phased stages

processes approximately 2.5 tons of 2.3% lithium mica concentrate may be saved for producing 1 ton of lithium Mine Systematically establish a full-process compliance system and complete dozens of special reviews related to environmental protection land use forestry and grassland management and safety

carbonate cutting down raw material costs of about RMB 3000 per ton;

Lithium slag reduction:The amount of lithium slag generation decreased from 400000500000 tons per 10000 Conduct fully underground development using TBM shield tunneling machines and minimize

tons of lithium carbonate under traditional processes to 200000 tons representing a reduction of more than 50%; Sichuan surface ecological disturbanceInnovatively establish a green closed-loop process integrating "mining dressing and backfilling" use

Harmless treatment:All toxicity indicators of lithium slag after relevant treatment meet the standards for Class I Jiada solid waste from ore dressing for underground backfilling and establish a wastewater recycling system

industrial solid waste successfully transforming "hazardous waste" into resources; Lithium Formulate an ecological restoration plan for a 25-year service cycle set strict technical indicators for

Co-recovery of multiple metals:The simultaneous recovery of associated valuable elements such as rubidium Mine all stages from geological disaster prevention and control to soil and water conservation and vegeta-

potassium and cesium has been achieved establishing a circular economy model of "multiple outputs from one tion restoration and use native local species to rebuild the ecosystem

mine" and significantly reducing overall production costs.In terms of R&D system development the Company has successfully been approved as the first lithium mica R&D Looking ahead with the full completion of licensing procedures for the two lithium mines in Hunan and Sichuan and

center of Chenzhou City. The major science and technology project applied under the "Open Competition" mecha- the gradual release of production capacity Dazhong Mining’s "iron ore + lithium ore" dual-engine growth model will

nism of Hunan Province has been successfully included in the project pool and signed becoming one of only four become increasingly robust. This not only represents the Company’s ambitious leap toward becoming a core supplier

selected projects in the city with its technological influence receiving authoritative provincial recognition. Backed by of strategic mineral resources but also enables the Company to make "Dazhong’s contributions" to the balanced

achievements including 3 invention patents and 11 utility model patents the Company was successfully designated development of resource security and ecological civilization in China’s new energy industry through vivid practice

as a National High-Tech Enterprise amidst fierce competition where the 2025 Hunan Provincial High-Tech Enterprise based on "resource acquisition as the foundation technological innovation as the soul and green development as

certification pass rate stood at a mere 51%. the cornerstone".Commencement Ceremony of the Lithium Carbonate Release of Technological Achievements in

Project with New Processes at Hunan Dazhonghe Harmless Lithium Extraction from Lithium Slags

23 24Compliant Op-

I. erations: Strengthening

Governance

Foundations

Dazhong Mining has deeply integrated the philosophy of

compliant operations into daily management and deci-

sion-making processes continuously optimized gover-

nance structure and improved risk control and internal

control mechanisms with a focus on enhancing operation-

al efficiency and management transparency. The Company

adheres to the bottom line of business ethics actively

safeguards the legitimate rights and interests of investors

and is committed to creating sustainable long-term value

for shareholders and society.Our Actions

Deepening Party-Building Leadership

Improving Corporate Governance

Protecting Investors’ Rights and Interests

Strengthening Risk Management

Upholding Business Ethics

SDGs Responded in this Chapter合规经营 笃行

Deepening of Party Building

Leadership

Party Building System

Consistently adhering to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era

Dazhong Mining thoroughly studies and implements the guiding principles of the 20th National Congress

of the Communist Party of China and the Second and Third Plenary Sessions of the 20th Central Commit-

tee and effectively practices the Party’s requirements for political development. The deep integration of

Party building and corporate development leads the Company toward high-quality development.During the Reporting Period the Company had 2 primary Party

committees 8 General Party Branches and 30 Party branches

with a total of 254 Party members and held 7 general meeting

of Party members. Themed Party Day Activities

Honors in Party Building

Party Building Work On July 10 2025 the Party Working Committee of the Huoqiu Economic Development Zone in Lu’an City of Anhui Province organized a commendation conference on Party-building work in non-public enterpris-

es within the park. The CPC Committee of Jinrisheng Mining was awarded the honorary title of "Outstand-

In active response to the Party’s call and as guided by the firm strategic guideline of "Party Leadership ing Party Organization for Excellent Party-Building in Non-Public Enterprise". In addition two Party mem-

Green Development" the CPC Committee of Dazhong Mining strengthens ideological leadership and bers were awarded the honorary title of "Outstanding Party Member" and one Party member was award-

organizational development through various forms of Party-building activities including regular theoreti- ed the honorary title of "Outstanding Party Affairs Worker".cal study sessions Party Day events and visits to revolutionary education bases. It is committed to build-

ing a new landscape of "Top Ten Mines" integrating party leadership safety technology intelligence

green development scenic attractions talent culture well-being and health. Harnessing the robust

power of Party building the Company promotes comprehensive transformation and upgrading and

explores a distinctive path of deep integration between Party building and corporate development with

Dazhong’s characteristics.Jinrisheng Mining Awarded "Outstanding Party Organization Non-public Party Construction Work

for Excellent Party-Building in Non-Public Enterprises" Recognition Conference

General Meeting of Party Members Visit to a Base of Education on Joint Symposium of Party

the History of Revolution Building Alliance

27 282025 Environmental Social and Governance (ESG) Report Compliant Operations: Strengthening Governance Foundations

Improvement of Corporate Gover-

nance General Meeting of Shareholders

Governance Framework The General Meeting of Shareholders the authority body of the Company serves as the primary channel through which shareholders exercise their rights. In strict compliance with applicable laws and regulations such as the

Company Law of the People's Republic of China the Securities Law of the People’s Republic of China the Rules for

In accordance with the Company Law of the People’s Republic of China the Securities Law of the People’s Republic of General Meetings of Shareholders of Listed Companies and the Articles of Association the Company formulates and

China (the "Company Law" and the "Securities Law") the Code of Corporate Governance for Listed Companies and implements the Rules of Procedure for General Meeting of Shareholders to standardize the convention and voting

other applicable laws and regulations Dazhong Mining has formulated internal management systems such as the procedures of the General Meeting of Shareholders. To ensure that all shareholders including minority shareholders

Articles of Association of Dazhong Mining Co. Ltd. (the "Articles of Association"). The Company continuously improves can exercise their voting rights equally and conveniently the Company adopts a combination of on-site voting and

operational decision-making and management structure centered on the General Meeting of Shareholders the Board online voting， and engages lawyers to witness the entire process of the General Meeting of Shareholders to ensureof Directors and the Management clarifies the powers obligations and responsibilities of each governance body the compliance of the meeting and the validity of its resolutions.strengthens the internal control system standardizes operating mechanisms and ensures clear division of authority ·Key Performance2025·

effective checks and balances and coordinated operation among the authority decision-making supervision and

execution levels.During the Reporting Period the Company held a total of 4 General Meetings of Shareholders

General Meeting of Shareholders including 1 Annual General Meetings of Shareholders and 3 Extraordinary General Meetings of

Strategy and Sustainability (ESG) Committee Shareholders at which 22 proposals were reviewed.Nomination Committee

Board Secretary Board of Directors Board of Directors

Audit Committee

The Board of Directors is the decision-making body of the Company and answers to the General Meeting of Sharehold-

Manager Level Remuneration and Appraisal Committee ers. In accordance with applicable laws regulations and normative documents such as the Company Law the Securi-

ties Law the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange the Articles of Association and

normative documents the Company has formulated the Rules of Procedure for the Board of Directors to standardize

the meeting procedures and decision-making processes of the Board of Directors and improve the standardized

operation and scientific decision-making level of the Board of Directors. All directors strictly fulfill their obligations of

honesty integrity diligence and due care make scientific and reasonable decisions on major matters of the Compa-

ny and continuously enhance their performance capabilities.Chairman ·Key Performance2025·

General Manager

During the Reporting Period 12 meetings of the Board of Directors were held at which 100%

Deputy General

Manager of Board members were present and 73 proposals were reviewed.CFO

Specialized Committees under the Board of Directors

The Board of Directors has established four special committees: the Strategy and Sustainability (ESG) Committee the

Nomination Committee the Audit Committee and the Remuneration and Appraisal Committee. In accordance with

the Articles of Association and its own authorization the Board of Directors has formulated the Rules of Procedure for

the Strategy and Sustainability (ESG) Committee the Rules of Procedure for the Nomination Committee the Rules of

Procedure for the Audit Committee and the Rules of Procedure for the Remuneration and Appraisal Committee to

clarify the scope of responsibilities and performance procedures for each specialized committee. Each specialized

committee strictly performs its duties in accordance with its respective rules of procedure assisting the Board of

Directors in executing its decision-making and supervisory functions. The convener of the Audit Committee is an

independent director with accounting expertise and all members are directors who do not hold senior management

positions in the Company.Independent Non-Independent Whether the independent Specialized Committees Directors (Persons) Directors (Persons) director(s) serves as chairman of the committee

Strategy and Sustainability

(ESG) Committee 1 2 No

Nomination Committee 2 1 Yes

Audit Committee 2 1 Yes

Remuneration and Apprais- 2 1 Yes

al Committee

Organizational Structure of Dazhong Mining

2930

Dazhong Trading Co. Ltd.Highway Branch of Dazhong Mining Co. Ltd.Guyang Branch of Dazhong Mining Co. Ltd.Sales

Department

Pelleting Branch of Dazhong Mining Co. Ltd.Bidding and Procurement

Department

Qingdao Kunlun Hongyi New Materials Technology

Party and Mass Administra- Co. Ltd.tion Department

Audit and Legal

Department Inner Mongolia Baogang Reduced Iron Co. Ltd.Safety and Environmental

Protection Department Wuhu Glory Phase I Venture Capital Fund Partnership

AI-Chief Engineer’s

Office

Dazhong Beijing Management Consulting Co. Ltd.Human Resources

Department

Hunan Dazhonghe Lithium Mining Co. Ltd.Development Planning

Development Planning Department

Center Engineering Management Anhui Jinrisheng Mining Co. Ltd.Department

R&D Center Ore Dressing Mongolia Dazhong Ecological Environment Laboratory Management Co. Ltd.System Standardization Inner Mongolia Dazhong Mining Co. Ltd.Department

Automation Management

Intelligent Management and Control Department Sichuan Dazhonghe Lithium Industry Co. Ltd.and Control Center Management Control

Department

Information Automation Anhui Dazhong New Energy Investment Co. Ltd.Department

Financing Credit

Department Inner Mongolia Daqianbo Mining Co. Ltd.Financial Business and Finance

Management Center Sharing Department Inner Mongolia Dazhong Geological Exploration

Financial Management Co. Ltd.Department

Inner Mongolia Jinhui Rare Minerals Co. Ltd.Central Laboratory

Operations License Management Tianjin Yuantong Tuoji International Trading Co.Management Center Department Ltd.Operation Dispatch

Department Singapore Dazhong Mining International Trading

PTE. LTD.Capital

Operations Center Board Office

Hong Kong Dazhong Mining International Trading

Co. Ltd.2025 Environmental Social and Governance (ESG) Report Compliant Operations: Strengthening Governance Foundations

Independence of Board of Directors

·Key Performance2025·

In accordance with the Company Law the Securities Law the Measures for the Administration of Indepen-

4 1 dent Directors of Listed Companies and other applicable laws and regulations as well as the Articles of Meetings of the Audit Committee： Times Meetings of the Nomination Committee： Time Association Dazhong Mining has formulated the Detailed Rules for the Work of Independent Directors

Meetings of the Remuneration and Appraisal Committee：1 Time which clarifies the qualifications election procedures and terms of office and removal of independent

Meetings of the Strategy and Sustainability Committee：3 Times directors defines their duties authorities special powers and methods of performing their duties; and standardizes requirements for special meetings work records and performance reports. This ensures

that independent directors perform their duties independently and impartially thereby safeguarding the

standardized operations and healthy development of the Company. The Board of Directors consists of 3

Board Diversity independent directors accounting for 42.86% of total directors.Dazhong Mining actively advocates for and promotes the diversification of the Board of Directors. In the

selection and composition of directors the Company comprehensively considers and balances multiple Assessment of Board Effectiveness

factors including gender professional fields educational background knowledge structure and practi-

cal skills. Through the complementary integration of diverse backgrounds the Board of Directors is able Dazhong Mining places great importance on the effectiveness and continuous improvement of the opera-

to examine the opportunities and challenges facing the Company in a more comprehensive and tions of the Board of Directors. Through regular reviews of documents such as the Annual Work Report of

forward-looking manner thereby enhancing the scientific nature of strategic decision-making and the the Board of Directors and the Annual Work Report of Independent Director the Company systematically

effectiveness of the Company’s long-term governance. reviews and evaluates the overall operations and performance of the Board of Directors each year. Addi-tionally the Company holds regular General Meetings of Shareholders and the meetings of the Board of

Directors to dynamically assess the decision-making process and the professional judgement quality of

·Key Performance2025· the Board of Directors and its committees as well as their synergy efficiency with the Management. This

effort help to continuously improve corporate governance and effectively safeguard the interests of the

During the Reporting Period the Board of Directors consists of 7 directors including 1 female Company and all its shareholders.director accounting for 14.29% of the total directors.Remuneration of Senior Management

Name Type Gender Age(Years) EducationBackground Title Professional Fields In accordance with systems such as the Detailed Rules for the Work of the Remuneration and Appraisal

Non-Indepen- Master’s Finance economics manage- Committee under the Board of Directors the Measures for Remuneration Management and the Measures Niu Guofeng dent Director Male 49 Degree - ment capital operations for the Management of KPI Performance Appraisal and Incremental Work Quantitative Assessment

Secondary Dazhong Mining has established a performance-linked incentive and accountability mechanism for direc-

Lin Lairong Non-Indepen-dent Director Male 57 Vocational

Senior Economics mining tors and senior management. Based on industry benchmarks the Company’s operating conditions and

Degree economist management investment third-party professional opinions the Remuneration and Appraisal Committee formulates compensation

Worker Bachelor’s plans according to performance evaluation standards and procedures. Compensation distribution is Wang Ximing Director Male 44 Degree - Surveying and mapping determined after the careful consideration of duty performance annual performance and the achieve-

ment of ESG indicators such as safety and environmental protection thereby incentivizing management

Lin Pusheng Non-Indepen- Male 35 Bachelor’s Degree - Mining safety management to actively promote the Company’s sustainable development practices.dent Director

Wei Yuan Independent Male 70 Master’s Electric power In the Announcement on the Compensation Plan for Directors Supervisors and Senior Manage-Director Degree - ment Dazhong Mining specifies that: independent directors adopt an allowance-based compensation

system; non-independent directors receive remuneration in accordance with their labor contracts with

Certified public

accountant the Company and relevant compensation and performance management systems; and senior manage-

Wang Lixiang Independent Female 43 Bachelor’s Director Degree senior accoun- Accounting taxation ment receive compensation based on their specific positions within the Company and in accordance with

tant certified tax the Company’s relevant compensation and performance evaluation management systems.agent

Independent ·Key Performance2025·

Chen Xiu Male 53 Bachelor's Director Degree - Finance investment

During the Reporting Period Total Remuneration Paid to Directors Supervisors and Senior

Management: RMB 20.0518 million.

31 322025 Environmental Social and Governance (ESG) Report Compliant Operations: Strengthening Governance Foundations

Furthermore to effectively address the potential impact of public opinions on the Company’s stock price

Protection of Investors’Rights and derivatives trading commercial reputation and normal operations Dazhong Mining has formulated the Public Opinion Management System and established a Leading Group for Public Opinion Management

Interests and Crisis Response with the Chairman serving as the Group Leader and the Board Secretary as the Deputy Group Leader. In the principles of unified leadership unified organization rapid response and

coordinated action the group is responsible for implementing rapid response and emergency handling

Returns to Shareholders mechanisms to ensure timely and effective management and guidance of internal and external public

opinion safeguarding stable operations and market reputation.Dazhong Mining consistently attaches importance to the protection of shareholders’ rights and interests ·Key Performance2025·

and strictly complies with the No. Guideline for the Supervision of Listed Companies - Cash Dividend

Distribution of Listed Companies and the Articles of Association. Based on the Company’s profit condi- During the Reporting Period the Company released 206 disclosures announcements and relevant

tions and operational development needs and taking into account reasonable shareholder returns

shareholder intentions social capital costs and the external financing environment the Company has documents and did not face any penalties due to violations of information disclosure regulations.formulated the Profit Distribution Management System and the Shareholder Dividend Return Plan for the

Next Three Years (). By establishing scientific continuous and stable dividend decision-making

and supervision mechanisms the Company continuously improves the transparency and operability of Investor Relations Management

the profit distribution policy and actively returns value to investors. We are committed to building a

sustainable stable and scientific shareholder return planning mechanism to effectively ensure the conti- In accordance with the Guidelines for Investor Relations Management of Listed Companies and the

nuity and stability of profit distribution policies. Articles of Association Dazhong Mining has formulated the Investor Relations Management System and

established an investor relations management structure with the Chairman as the primary responsible

Cash Dividends in the Past 3 Years person the Board Secretary as the coordinator and the Board Office as the designated department

Key Performance Unit 2025 2024 2023 thereby ensuring that information disclosure remains true accurate complete timely and fair. The Com-pany conducts routine communication through designated media and online platforms telephone

Cash Dividend per Share Yuan/Share 0.20 0.30 0 email performance briefings and roadshows responds promptly to investor inquiries safeguards share-

Total Cash Dividend(Including holders’ rights to know and participate builds a close and efficient communication bridge with investors

Tax) RMB 10000 30417.32 44605.54 0 and enhances investor trust and recognition.Net Profit Attributable to Share- Communication with Investors in 2025

holders of Listed Company RMB 10000 73603.48 75126.20 114126.48 ·Key Performance2025·

Protection of Creditors’ Rights and Interests During the Reporting Period Number of Investor Receptions： 6 Times; Number of On-Site Investor

Surveys Received ：2 Times; Number of Received Investors Attending On-Site Surveys ：230

Dazhong Mining has always attached great importance to and earnestly safeguarded the legitimate rights Persons;Investor Open Forums ：2 Times; Number of Investor Calls Answered ：330 Times;

and interests of creditors. The Company strictly implements the Detailed Rules for Credit Rating Manage- Number of Investor Questions Answered on the Cninfo Platform ：259 Times; Reply Rate to

ment (Trial) and the Measures for Debt Repayment Management (Trial) adheres to all contractual agree- Investors’ Questions ：98.48 %

ments reached with creditors and actively fulfills all obligations regarding debt repayment and interest

payments. By ensuring that all debts are settled in a timely and proper manner the Company has consoli-

dated the foundation of trust and cooperation with creditors. During the Reporting Period the Company

obtained an AA credit rating and had no incidents of debt default.Information Disclosure Enhancement of Risk Management

Risk Management

In strict accordance with the Information Disclosure Management System the Regulations on the

Suspension and Exemption of Information Disclosure and the Internal Reporting System for Material

Information Dazhong Mining clearly defines the principles content procedures and primary responsi- In accordance with national laws regulations and relevant policies Dazhong Mining has formulated the

bilities regarding information disclosure and publicly discloses matters such as performance profits Measures for Comprehensive Risk Management established a comprehensive risk management frame-

mergers and acquisitions asset restructuring and related-party transactions through periodic and inter- work and specified corresponding risk control standards under different applicable scopes providing

im reports. The Company fulfills all obligations on information disclosure and ensures the authenticity guidance for the Company’s risk management efforts. Risk management follows the principle of compre-

accuracy completeness timeliness and fairness of disclosed information thereby effectively safeguard- hensiveness covering all businesses departments and personnel of the Company and penetrating all

ing investors’ right to know. Additionally the Company has established sound internal review and stages of decision-making execution supervision and feedback. The Company regularly assesses chang-

accountability mechanisms to ensure effective management timely transmission and fair disclosure of es in the internal and external environment and dynamically adjusts risk management policies and

all material information that may affect investors’ decisions. systems to ensure the integration of pre-event during-event and post-event controls effectively mitigat-

ing operational risks and safeguarding the achievement of the Company’s strategic objectives and its

sustained steady development.

33 342025 Environmental Social and Governance (ESG) Report Compliant Operations: Strengthening Governance Foundations

Internal Audit

Risk Management Framework In strict accordance with the Audit Law of the People’s Republic of China the Provisions of the National Audit

Board of Serve as the highest leadership and accountability body for comprehensive risk Office on Internal Audit Work the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange and

Directors management. other applicable laws and regulations Dazhong Mining continuously improves audit systems and processes such as the Internal Audit Management System. Under the guidance of the Audit Committee of the Board of

Directors the Audit and Legal Department independently exercises internal audit supervision authority. The

Manager Level Serve as the execution body for comprehensive risk management. Company strengthens the audit function’s full-process coverage of key aspects of operations and internal

controls—including pre-event during-event and post-event stages—to broaden and deepen the scope and

Audit and Legal Serve as the department responsible for the specific organization and coordina- depth of audits ensuring the professionalism and comprehensiveness of oversight and effectively preventing

Department tion of comprehensive risk management. and controlling operational risks.In 2025 to ensure operational compliance and financial transparency Dazhong Mining engaged third-party

Centers and Undertake the day-to-day operations of comprehensive risk management within institutions to conduct internal audits and issue reports on key areas such as the use of raised funds relat-

Departments their respective functional scope identify risks within their scope and conduct ed-party transactions and securities and derivatives trading thereby providing strong support for the Compa-risk assessment planning and control. ny’s standardized operations and risk management.Execute the day-to-day work of comprehensive risk management within their Tax Management

Subsidiaries respective companies identify risks within their respective scopes and carry out

evaluation planning and control. In strict accordance with the Law of the People’s Republic of China on the Administration of Tax Collection the

Value-Added Tax Law of the People’s Republic of China the Individual Income Tax Law of the People’s Republic

of China and other applicable laws and regulations Dazhong Mining has formulated and implemented the

Risk Management Process Measures for Tax Administration to standardize full-process management of all tax-related business activities

including tax registration accounting declaration planning and risk response. The Company adheres to the

principles of lawful tax payment full payment of all due taxes and full enjoyment of all tax benefits. We imple-

Initial Risk Risk Risk Management ment a centralized management and consolidated tax filing mechanism with the corporate legal entity as the

Information Identifica- Risk Risk Response Risk Supervision and primary entity and require subsidiaries to report major tax-related matters and tax planning on a tiered basis to

Collection tion Analysis Evaluation Strategies Handling Improvement ensure that all tax activities fully comply with national laws and regulations.·Key Performance2025·

During the Reporting Period the total taxes paid by the Company was RMB 579.9004 million

·Key Performance2025·

During the Reporting Period Number of Internal Risk Training Sessions ：1 Time Tax Risk Prevention and Control System

Total Attendances of Training on Internal Risk Control ：155 Person-times Establishment of Sound Tax Management Systems and Processes

Total Hours of Employee Training on Internal Risk Control： 310 Hours Establish internal tax control mechanisms covering the entire process clarify responsibilities and

authorities at all levels and regularly conduct tax risk assessments and self-inspections to promptly

identify and correct potential issues.Dynamic Control

Internal Control Rely on information systems to monitor tax data in operational and investment/financing activities in

real time identify risk points in accordance with laws and regulations such as the Enterprise Income

Tax Law of the People’s Republic of China compare industry and historical data and continuously

In strict accordance with the Guidelines for Internal Control of Listed Companies of the Shenzhen Stock optimize process deficiencies.Exchange the Basic Norms for Enterprise Internal Control and the Guidelines for the Evaluation of Enterprise

Internal Control Dazhong Mining continuously optimizes and improves internal management systems around Enhanced Compliance

key elements such as the internal environment risk assessment control activities information and communi- With respect to related-party transactions and tax information disclosure introduce professional

cation and internal supervision. The Company has established comprehensive business processes and systems institutions to conduct audit evaluations and improve transparency through investor communication;

in key areas such as procurement sales engineering asset management capital management and investment maintain sound communication with tax authorities promptly track policy changes actively cooperate

management and strictly defines approval authorities to effectively mitigate operational risks thereby ensur- with tax inspections and avoid tax risks caused by non-compliant operations.ing lawful and compliant business management asset security and the accuracy and completeness of financial

information. In addition the Company regularly conducts evaluations of the effectiveness of internal controls Precise Response

comprehensively reviews the design and operation of these controls and promotes the dynamic improvement Formulate graded response plans for policy changes or tax-related dispute matters with a focus on the

of the internal control system thereby providing a solid foundation for sustained and stable operations. control of high-risk areas such as fund transactions to ensure compliance with bottom lines. Incorpo-rate tax risk control measures into the performance evaluation system to promote the long-term

effectiveness of tax management and the front-end prevention of risks.

35 362025 Environmental Social and Governance (ESG) Report Compliant Operations: Strengthening Governance Foundations

Related Transactions Case Anti-corruption Training and Communication

In strict accordance with the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange and the Self-Reg-

ulatory Guidelines No. for Listed Companies of the Shenzhen Stock Exchange — Transactions and Related-Party During the Reporting Period Dazhong Mining organized a special

Transactions Dazhong Mining has formulated the Related-Party Transaction Management System to regulate legal communication session on the Measures for the Management of

acts involving the transfer of resources or obligations between the Company and related parties. The system clearly Employee Integrity and Compliance. The session explained the

requires all related-party transactions to follow the principles of fairness impartiality and openness. Through strict legal basis of the Measures defined key illegal acts and outlined

implementation of decision-making procedures recusal mechanisms and information disclosure measures the case filing standards for employees. It also used real-life cases for

Company ensures reasonable pricing and compliant procedures prevents improper benefit transfer and safeguards educational warnings further fortifying employees’ ideological

the legitimate rights and interests of the Company and all shareholders. defenses against corruption and strengthening their compliance

awareness.Adherence to Business Ethics

Training on Anti-Commercial Bribery and Anti-Corruption

Anti-Commercial Bribery and Anti-Corruption Number of Directors Participating in the Training on

Anti-commercial Bribery and Anti-Corruption 7 Persons

In strict accordance with the Amendment (XII) to the Criminal Law of the People’s Republic of China and other laws Percentage of Directors Participating in Training on Anti-commercial Bribery and Anti-Corruption 100%

and regulations as well as policy documents such as the Opinions of the CPC Central Committee and the State Coun-

cil on Promoting the Development and Growth of the Private Economy Dazhong Mining has formulated the Measures Total Duration of Training on Anti-commercial Bribery

for the Management of Employee Integrity and Compliance and established an anti-corruption management system and Anti-Corruption for Directors 14Hours

covering the Audit and Legal Department the Intelligent Control Center and all business units. Among them the Average Duration of Training on Anti-commercial Bribery

Audit and Legal Department as the primary responsible department is responsible for system updates integrity and Anti-Corruption for Directors 2Hours/Person

education and the investigation and transfer of illegal cases and resolutely cracks down on fraudulent behaviors

such as embezzlement occupational appropriation and bribery of non-state personnel. Number of the Management Participating in Training on Anti-commercial Bribery and Anti-Corruption 191Persons

Dazhong Mining upholds a firm "zero tolerance" stance toward internal fraud and corruption. Through measures such Percentage of the Management Participating in Training

as improving internal control systems strengthening audit supervision and conducting integrity education for all on Anti-commercial Bribery and Anti-Corruption 100%

employees the Company actively builds a long-term mechanism in which employees "dare not be corrupt cannot be

corrupt and do not want to be corrupt" and extends anti-corruption management requirements to suppliers to Total Duration of Training on Anti-commercial Bribery and Anti-Corruption for the Management 382Hours

promote the joint construction of an integrity-based compliance ecosystem. In the principle of "prevention first

punishment second" the Company focuses on investigating and addressing behaviors that harm the Company’s Average Duration of Training on Anti-commercial Bribery

interests such as accepting kickbacks false reimbursement through invoice substitution misappropriation of bene- and Anti-Corruption for Management 2Hour/Person

fits and fund misappropriation. We resolutely combat all forms of commercial bribery and corruption to maintain a Number of Frontline Employees Participating in Training

clean and upright corporate environment. During the reporting period the signing rate of the Employee Integrity on Anti-commercial Bribery and Anti-Corruption 4034Persons

Agreement was 100%.Percentage of Frontline Employees Participating in

Training on Anti-commercial Bribery and Anti-Corruption 100%

Anti-Commercial Bribery and Anti-Corruption Control Measures Total Duration of Training on Anti-commercial Bribery and Anti-Corruption for Frontline Employees 8068Hours

Average Duration of Frontline Employee Training on

By requiring employees to sign the commitment to integrity upon onboarding and cases of illegal corruption through Anti-Commercial Bribery and Anti-Corruption 2Hour/Person

corporate information platforms the Company clearly requires employees to commit to integrity and self-discipline

thereby fostering an internal anti-corruption culture.Upon receiving leads regarding illegal or corrupt activities the Audit and Legal Department ensures timely investiga-

tions decisive handling and transparent resolution and refers cases to judicial authorities for processing in Unobstructed Whistleblowing Channels

accordance with the law. Dazhong Mining attaches great importance to the development of a culture of integrity and compliance and has

The Company has established a reward-based whistleblowing mechanism and an external supervision mechanism established convenient multi-channel reporting platforms including WeChat telephone email and letters encour-

ensuring smooth internal and external reporting channels. Verified reports are rewarded and a results feedback aging employees and external stakeholders to report suspected illegal or non-compliant behaviors under real names.system for investigation and handling has been implemented to encourage all employees and partners to jointly For whistleblowing that is verified as true and meets the criteria for case filing the Company will provide correspond-

participate in anti-corruption supervision. ing rewards to whistleblowers in accordance with applicable regulations thereby mobilizing all employees to partici-

pate in oversight and maintain a clean and healthy business environment.The Company implements the "Three Principles of Anti-Corruption": adhere equally to "referring illegal cases to

authorities" and "strengthening internal oversight"; advance "criminal prosecution" and "civil compensation" in While encouraging whistleblowing Dazhong Mining places a high priority on protecting the rights of whistleblowers.tandem; and organically integrate "punishing crimes" with "internal standardization. " We pledge to strictly keep whistleblower information confidential strictly prohibit any disclosure of a whistleblower’s identity and resolutely prevent any form of retaliation discrimination or unfair treatment against whistleblowers or

their close relatives due to their reporting. This ensures the credibility and effectiveness of the whistleblowing system.

37 382025 Environmental Social and Governance (ESG) Report Compliant Operations: Strengthening Governance Foundations

Anti-Monopoly and Fair Competition Control Measures

◎Whistleblowing Email: 493233450@qq.com

◎Whistleblowing Hotline: 0472-5216686 Business Compliance Review

◎Address: Audit and Legal Department Dazhong Mining Co. Ltd. Market conduct boundaries:all pricing agreements and regional sales policies must be

No. 55 Huanghe Avenue Baotou City Inner Mongolia Autonomous reviewed by the Legal Department; the signing of exclusive clauses or the establishment of Whistleblowing

Region China geographic restrictions is strictly prohibited;Channels

Pre-Merger assessment: a Report on the Risks Related to the Concentration of Business Opera-

tors must be submitted for investment and merger projects which is jointly evaluated by the

Anti-Unfair Competition Legal Department and external law firms to determine whether filing thresholds are triggered (e.g. market share exceeding 15%);

Industrial chain coordination control:the exchange of sensitive information (such as produc-

Dazhong Mining strictly adheres to applicable laws and regulations including the Anti-Unfair Competition tion volumes and prices) with upstream and downstream enterprises is prohibited; and "com-

Law of the People’s Republic of China and the Anti-Monopoly Law of the People’s Republic of China. We mitment clauses on anti-monopoly compliance" must be embedded in business contracts.uphold the fundamental principles of business ethics resolutely eliminate unfair competition and Dynamic Risk Monitoring

monopolistic practices and maintain a fair and orderly market competition environment.Data monitoring: the Sales Department collects monthly industry market share and regional

Dazhong Mining has established a comprehensive risk prevention and compliance management system price fluctuation data and identifies potential monopoly behaviors through comparative anal-

for anti-monopoly and fair competition. The Board of Directors is responsible for approving anti-monopo- ysis;

ly compliance systems and authorizing major dispute resolution plans; the Audit and Legal Department

as the lead department is responsible for risk identification compliance training daily monitoring and Whistleblowing mechanism:an antitrust reporting channel has been established and the

suspension of high-risk business activities as well as agreement review merger filing legal response and Audit and Legal Department verifies reported leads on a quarterly basis.issuance of compliance opinions; and all business departments are responsible for implementing compli- Training and Assessment

ance requirements providing supporting data and carrying out rectification. Through a clearly defined

hierarchical management mechanism with well-defined responsibilities and authorities the Company All personnel in the Sales and Procurement Departments are required to complete 8 hours of

continuously strengthens its compliance operation capabilities. During the reporting period no cases of anti-monopoly training annually focusing on policies such as the Provisions on Prohibiting

penalties for unfair competition or monopolistic conduct occurred in the Company. Monopoly Agreements; and anti-monopoly compliance is incorporated into departmental KPI

assessments with violations directly linked to performance deductions.Controls of Compliant Sales

Through the strict implementation of the Measures for Product Sales Management and the

Detailed Rules for Quality Dispute Management the Company embeds anti-unfair competition

requirements into key business processes such as sales pricing customer management and

quality dispute resolution establishing an internal control mechanism centered on procedural

fairness data authenticity and contractual performance.

39 40Green Mines:

II. Fostering Eco-logical Inte-

gration

Adhering to the philosophy of "prioritizing environmental protec-

tion and green development" Dazhong Mining integrates green

and sustainable development throughout the entire lifecycle of

mine exploration construction production and closure. We

actively respond to the national "carbon peaking and carbon

neutrality" goals and vigorously promote green mine construc-

tion. Through the adoption of advanced energy-saving technolo-

gies strengthening resource recycling carrying out ecological

restoration and environmental monitoring in mining areas the

Company continuously reduces energy and water consumption

reduces pollutant emissions protects regional biodiversi-

ty and strives to build a modern mining development

model featuring resource conservation environmental

friendliness and ecological harmony achieving coordi-

nated development of economic social and ecological

benefits.Our Actions

Addressing Climate Change Strengthening

Environmental Management Improving

Resource Efficiency Practicing Green Operations

and Building Green Mines

SDGs Responded in this Chapter2025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Scenario Category Low-Emissions Scenario High-Emissions Scenario

Response to Climate Change Temperature Rise Global temperature rise is controlled Magnitude within 1.5°C Global temperature rise exceeds 2°C

Against the backdrop of intensifying global climate change and the deepening advancement of the Assuming global net-zero emissions Assumes that greenhouse gas emissions

national "carbon peaking and carbon neutrality" goals Dazhong Mining strictly adheres to relevant Scenario are achieved by 2050 with the average continue to increase throughout the 21st

policies regulations and regulatory requirements. We integrate climate change compliance into every Description temperature stabilized within 1.5°C century resulting in a global average

stage of our operations. Through diverse initiatives such as improving governance structures and optimiz- above pre-industrial levels temperature increase of 3.24.5°C by 2100

ing energy structures we actively implement greenhouse gas emission reduction requirements continu- Under this scenario the probability of

ously enhance our capacity to address climate change and promote the harmonious coexistence of Physical RiskScenarios Used acute physical risks such as extreme mining development and the ecological environment. for the Assess- / weather increases and the impact severity

ment of physical risks such as rising global Governance temperatures and sea levels are significant

Transition Risks Under this scenario policy and regula-

Addressing climate change is a core issue for enterprises seeking green and sustainable development and Scenarios Used for tory requirements become stricter and /

it serves as a vital strategic pillar for practicing green mining and acting as a responsible mining enter- the Assessment the impact severity of transition risks

prise. Dazhong Mining fully integrates climate change governance into management systems formulates are significant

the Climate Change Response Management System and establishes a top-down governance structure

with clear responsibilities and closed-loop processes to ensure systematic identification assessment and Likeli-

management of climate-related risks and opportunities providing strong institutional support for achiev- Description hood of Extent Dura- Value Chain Priority Potential

ing low-carbon transformation goals. Risk Type of Risk Occur- of tion of Links Ranking Financial Countermeasures

rence Impact Impact Impacted Impact

Governance System to Address Climate Change Establish a meteorological

Board of Directors The Company’s monitoring and early warning

Strategy and Sustainability production bases are mechanism and formulate

(ESG) Committee ESG Working Group primarily located in production suspension

Inner Mongolia Anhui Decline in risk-avoidance plans;

Hunan and Sichuan. operating Strengthen routine environ-

Review and supervise Coordinate the implementation of Extreme weather revenue;

Short impair- mental weather and matters related to climate climate change response plans Acute events such as heavy term Operations engineering inspections; in change such as targets advance key projects regularly Risk rainfall droughts and High High Medium ment of Medium Downstream fixed the event of extreme weather

plans policy formulation risk assess risks and opportunities and landslides may cause term assets; conditions promptly report

assessment to ensure that ESG report progress to the Strategy and damage to the increase in and activate emergency topics related to climate Sustainability (ESG) Committee Company’s facilities operating response plans rapidly take

change are deeply integrated under the Board of Directors. employee safety costs effective measures organize

with the Company's overall operations and rescue efforts prevent production leading to

development strategy. escalation of incidents and

Physi- business interruptions conduct comprehensive

cal or increased costs. inspections and cleanup

Risk afterward.Execution Departments of Each Group All operating locations

Integrate climate change response into daily management work promote emission reduction and carbon are experiencing a

reduction actions prevent climate-related risks and strengthen data monitoring and performance long-term trend of

improvement. Coordinate with all business departments to form an execution closed loop to ensure rising temperatures

efficient implementation of climate change response objectives plans and policies. with extended periods

of high summer heat

Chro increased water

Medium Optimize long-term

term Increase in

Strategy nic evaporation and Operations production plans and Medium Medium Long Medium operating

Risks increased risk of soil

Downstream

term costs establish water-saving

erosion due to policies and measures.As a mineral resource development enterprise the Company’s strategic core closely aligns with industry vegetation degrada-tion in mining areas;

characteristics. Based on ensuring the supply of key minerals for the energy transition it fully integrates underground

climate factors into business layout and financial planning balancing emission reduction targets with operations face

sustainable development resilience. persistent cooling

challenges.

43 442025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Likeli- Oppor- Likeli-

Description hood of Extent Dura- Value Chain Potential Description of hood of Extent Dura- Value Chain Potential Risk Type

of Risk Occur- of tion of Links

Priority

Ranking Financial Countermeasures

tunities

Opportunity Occur- of tion of

Priority

Links Financial Countermeasures

rence Impact Impact Impacted Impact Type rence Impact Impact

Ranking

Impacted Impact

Closely monitor policy

As the carbon trading developments of govern- Climate change brings Increase

market gradually ments and relevant regulato- both demand and Short in

Policy matures carbon costs Increase in ry authorities; promptly opportunities for

Increase R&D invest-

term operating

and are highly likely to Medium High Operations High operating understand the impact of Technolo- technological innova-

ment strengthen R&D

Medium

Medium revenue; team capabilities and

Legal rise significantly due term costs policy changes on Company gy

tion promoting the

High High term Operations High reduction enhance technological

Risks to policy influences. Long operations; accelerate clean

continuous emergence Long in innovation and R&D

term energy substitution and

of low-carbon and term operating capacity.reduce carbon dependence. energy-saving technol- costsogies.The green transforma- Increase R&D investment intion of the industry low-carbon and energy-sav- The “carbon peaking andplaces higher require-Tech- Medium Increase in ing technologies; optimize carbon neutrality” goals ments on the Compa-

nology ny’s innovation and High Medium term Operations High

operating low-carbon technology are accelerating energy Accelerate the

Risks Long costs pathways based on R&D transition. The rapid development of the R&D capabilities and outcomes; and enhance the growth of low-carbon two major lithium

Transi- may increase technolo-

term

application of new energy industries such as new Short mining bases in

tion gy investment. technologies. energy vehicles and energy term Operations Sichuan and Hunan Risks Increase in Downstream custom- Market storage has significantly High High Medium High continuously promote

ers’demand for increased demand for term

Downstream operating the application of

low-carbon products Adjust product portfolios lithium resources. Woth Long

income low-carbon smelting

may increase require- Short Reduction and service models in high-quality lithium ore term technologies and

Market ments for the term accordance with market resources the Company deepen strategic

Risk Medium High Medium Downstream Medium

in

Company’s products operating demand and policy can meet downstream cooperation with

and services thereby term revenues orientation and actively customers’ demand for high-quality down-

causing fluctuations in Long expand the Company’s low-carbon lithium stream customers.operating revenue. term lithium mining business. products and expand

market share.Climate change may Strengthen internal

increase public attention As environmental Reduction environmental management

to the Company’s protection and carbon in through strict environmental Establish an ESG

environmental aware- reduction policies Repu- Short operating protection systems regulat-

management frame-

tation ness and responsibility.continue to tighten

revenues ing production and opera- work implement a

Risks Failure to take effective

term

Low Medium Operations Low establishing a comprehen-and tions; strengthen communi- system for tracking

measures to address Medium sive ESG management deprecia- cation with external Short policy dynamics and

climate change may lead term system and a compliance term Reduction tion of stakeholders and demon- Operations monitoring compli-

to reputational damage Resilience monitoring and early in goodwill strate the Company’s High High Medium High ance conduct regular

thereby affecting brand warning mechanism will

Downstream operating

environmental actions. term compliance self-inspec-

value and customer trust. enable the Company to Long costs tions and corrective

proactively respond to term actions and strengthen

policy changes avoid information disclosure

Oppor- Likeli- compliance risks and and communication

tunities Description of hood of

Extent Dura- Value Chain Priority Potential enhance its long-term tion of Countermeasures with stakeholders.Opportunity Occur- of Links Ranking Financial Type sustainable operational rence Impact Impact Impacted Impact capabilities.The Company can replace Notes:

traditional thermal power

generation by building its 1. Likelihood of occurrence refers to the frequency or probability of a risk/opportunity occurring primarily based on historical occur-

own distributed Reduction Select idle land and rence probability external scenarios progress in policy implementation and expert predictions. The likelihood of occurrence

Energy photovoltaic power

in subsidence areas in mining

Short ranges from "low" to "high".stations and purchasing operating sites to build distributed Substitu- term 2. Extent of impact: refers to the extent of impact determined based on impact level and the occurrence likelihood of risk/opportuni-

green electricity thereby High High Operations High costs; photovoltaic power stations tion Medium optimize energy structure ty comprehensively considering factors such as business model value chain and financial impact. The extent of impact ranges from reducing energy costs and increase term in revenue and increase the proportion "low" to "high".carbon emission intensity

in line with the national sources of clean energy use.

3. Affected Value Chain Segments: refer to the parts of the value chain that may be impacted including upstream (such as suppliers

procurement and logistics) operations (such as production manufacturing and internal processes) and downstream (such as“carbon peaking and distribution sales and customer service).carbon neutrality” 4. Priority: comprehensively considering factors such as likelihood of occurrence extent of impact and duration of impact and in

policy. combination with the Company’s actual conditions priorities are ranked as "Low" "Medium" or "High".(Note: The definitions of likelihood of occurrence extent of impact duration of impact value chain links impacted and priority in

other sections of the Report are consistent with those above and will not be repeated.)

45 462025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Measures for Reduction of GHG Emissions

Impact Risk and Opportunity Management

Dazhong Mining strictly monitors GHG emission management in its production and operations. The main

types of GHG emissions include carbon dioxide (CO2) methane (CH4) nitrous oxide (N2O) and small

Based on the Measures for Comprehensive Risk Management Dazhong Mining conducts the identifica- amounts of fluorinated gases (e.g. PFCs). Among these CO2 mainly originates from fossil fuel combustion

tion assessment response monitoring and improvement of climate change-related impacts risks and (mining equipment boilers) production processes (ore sintering and smelting) and consumption of

opportunities to drive the Company’s low-carbon transition and achieve the synergistic enhancement of purchased electricity and heat; CH4 arises from mine gas emissions and anaerobic decomposition in

economic environmental and social benefits. tailings storage facilities; N2O originates from fuel combustion and ecological restoration planting activi-

Risk and Opportu- Risk and Opportu- Response to Risk Risk and Opportunity ties; and small amounts of PFCs are generated from specific auxiliary smelting processes. For the above

nity Identification nity Assessment and Opportunity Monitoring and emission sources the Company has systematically advanced measures such as clean energy substitution Improvement energy-saving facility upgrades and green mine construction to continuously reduce carbon emission

Focusing on the Risks and opportu- Based on the Targeted monitor- intensity and total emissions ensuring compliant operations while enhancing green competitiveness.climatic characteris- nities are catego- assessment results ing indicators are

tics of operational rized based on three differentiated established with Key measures taken by the Company to address climate change:

regions such as dimensions (likeli- response plans are data and progress

Inner Mongolia and hood of occurrence formulated. All regularly collected Technological and Ore is transported underground via belt conveyors enabling unpowered ore unloading.Anhui as well as the extent of impact response plans to enable timely Process Innovation PLC control is implemented in hoisting drainage ventilation and compressed air "carbon peaking and duration of clearly define responses to systems to reduce electricity consumption.and carbon neutrali- impact) and priori- responsible depart- abnormalities. Production water supply pumps are equipped with variable-frequency speed control

ty" policies and tized according to ments timelines Management devices to achieve effective energy savings.industry trends the their financial and and core objectives effectiveness and Fans adopt variable-frequency speed control to adjust power output according to under-

Company covers the operational implica- to ensure imple- deficiencies are ground working conditions and improve energy efficiency utilization.entire value chain— tions with a focus mentation is trace- regularly reviewed Tower mill technical upgrades have been implemented replacing traditional ball mills

including mineral on advancing able. to optimize with a single tower mill to simplify processes while reducing energy consumption.extraction process- high-priority response strategies. The concentrator conveying system has been optimized by replacing bucket elevators

ing and logistics— matters. with belt conveyors and plough unloaders for coordinated ore feeding reducing total

to accurately power consumption.identify key risks

and opportunities.Priority is given to adopting new energy-efficient equipment during equipment

selection or replacement; both main ventilation fans and auxiliary fans adopt Energy-saving

energy-saving models. Equipment Application

Metrics and Targets Surface air compressors have been upgraded to dual-stage permanent magnet variable-frequency screw compressors to replace outdated power-frequency

equipment and reduce operating energy consumption.Transformer capacity reduction adjustments have been implemented to reduce

Dazhong Mining adheres to the philosophy of "green low-carbon and sustainable development". reactive power consumption and basic electricity charges.Anchored in compliance requirements and sustainable development objectives the Company responds Solar lamps are used to replace traditional lighting equipment optimizing the

to the national "carbon peaking and carbon neutrality" goals and regulatory guidelines and drives the energy consumption structure of mine-area lighting.orderly implementation of key initiatives such as green mine construction and clean energy substitution In daily operations the use of new energy vehicles is promoted actively to reduce

thereby supporting the enterprise’s long-term high-quality development. GHG emissions.Indicator Unit 2025

Photovoltaic Power Generation

GHG Emissions Intensity tCO2e /RMB 10000 0.697

Distributed photovoltaic power generation projects have been deployed to

Total GHG Emissions(Scope 1 and Scope 2) tCO2e 285090.01 build photovoltaic application bases in mining areas and continuously

Direct GHG Emissions (Scope 1) tCO e 26732.07 increase the proportion of clean energy supply in production and opera-2

tions.Indirect GHG Emissions (Scope 2) tCO2e 258357.94

Note: Greenhouse gas (GHG) emissions are calculated in accordance with Appendix II of the Guidelines for Accounting and Reporting

of Greenhouse Gas Emissions of Mining Enterprises (Trial) the Power Grid Carbon Dioxide Emission Factors and the General

Rules for Calculation of the Comprehensive Energy Consumption (GB/T -).

47 482025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

During the Reporting Period environmental protection equipment and facilities operated normally

Case Photovoltaic Power Generation Empowering Low-Carbon Transformation environmental protection work progressed in an orderly manner and no environmental protection issues

with a significant impact on production and operations occurred in the Company.Dazhong Mining’s photovoltaic projects in the Inner Mongolia region (covering key mining areas

such as Shujigou and Dongwufenzi) have cumulatively generated 22.3309 million kWh of electricity System Certifications

reducing carbon dioxide emissions by approximately 14468.19 tCO2e. Meanwhile Jinrisheng Dazhong Mining attaches great importance to reducing the direct environmental impacts of its opera-

Mining has simultaneously advanced photovoltaic deployment cumulatively generating 8.8752 tions. The Company has completed a third-party evaluation for green factory certification. The Zhouyou-

million kWh of electricity corresponding to a reduction of approximately 5815.92 tCO2e; Sichuan fang Iron Mine of Jinrisheng Mining was rated as a national green mine and the Chongxinji Iron Mine was

Dazhonghe has cumulatively generated 15600 kWh of photovoltaic electricity reducing carbon honored as the Green Mine of Anhui Province. During the Reporting Period the Company Jinrisheng

dioxide emissions by approximately 2.44 tCO2e. Hunan Dazhonghe has cumulatively generated 31.7 Mining and Jinhui Rare Mineral passed the certification of the ISO 14001 Environmental Management

thousand kWh of photovoltaic electricity reducing carbon dioxide emissions by approximately System.

15.77 tCO2e.

Enhancement of Environmental

Management

For many years Dazhong Mining has upheld a corporate culture of "prioritizing environmental protection

and green development" integrating ecological responsibility and environmental protection awareness

into the Company’s production structure and methods. The Company continuously improves its environ-

mental management system focuses on enhancing its comprehensive management capabilities for

pollutants and waste strictly enforces various emission standards and through environmental protec- ISO 14001 Environmental Manage- ISO 14001 Environmental Manage- ISO 14001 Environmental

tion practices earnestly fulfills its corporate responsibility for green development making a solid contri- ment System Certification ment System Certification Management System Certification

bution to achieving sustainable development. Certificate of Dazhong Mining Certificate of Jinrisheng Mining Certificate of Jinhui Rare Mineral

Governance Training on Environmental Protection

During the Reporting Period Dazhong Mining offered multi-level special training on environmental

In strict accordance with the Environmental Protection Law of the People’s Republic of China the Envi- protection. The training comprehensively covered laws and regulations concerning environmental

ronmental Management Systems - Requirements with Guidance for Use and other laws and regulations protection mine environmental governance waste management and other fields effectively

Dazhong Mining has formulated internal systems such as the Measures for the Management of Environ- enhancing employees’ environmental awareness and professional skills.mental Protection Supervision and Inspection and the Measures for Management of Environmental

Protection Accountability System. The Company has established an environmental management frame-

work with clearly defined responsibilities and authorities delineating the duties of each department to

prevent environmental pollution and ecological damage. Each subsidiary conducts environmental

protection inspections and supervision in accordance with the Environmental Protection Supervision and

Inspection System and evaluates environmental protection performance in the production and opera-

tion processes of each unit through quantitative assessment forms.Safety and Envi-

ronmental Protec- Centers and Departments Subsidiariestion Departmen Training on Standardized Management of Solid Waste Participation in the Solid Waste Management System Training Organized by the Municipal Ecology and Environment Bureau

Formulate and implement Participate in the Organize or participate in environ-

annual environmental Company’s environ- mental protection inspections as

protection supervision and mental protection required; implement rectification ·Key Performance2025·

inspection plans; organize inspections and super- and feedback on identified

comprehensive inspections; vise and urge rectifica- hazards; formulate environmental

supervise rectification and protection plans and budgets; During the Reporting Period the Company offered 31 training sessions on environmental tion and feedback on

follow-up reviews of identi- environmental protec- clarify environmental protection

fied hazards; form tion hazards within their objectives tasks and measures;

protection for 1509(person-times) participants with a total training duration of 2088

closed-loop management; respective business and organize environmental hours.and establish relevant scopes. protection publicity education

archives. and training activities.

49 502025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Likeli-

Strategy Risk Type Description hood of

Extent Dura- Value Chain Potential

of Risk Occur- of tion of Links

Priority Financial Countermeasures

rence Impact Impact Impacted

Ranking Impact

Dazhong Mining places great importance on environmental protection and the control of pollutant emissions. 1. Failure to ensure

The Company conducts in-depth analyses to identify and address potential risks and opportunities in environ- that environmental

mental protection efforts thereby continuously improving management standards. The Company strives to factor identification 1. Organize periodic (e.g. comprehensively annual) environmental factor

achieve efficient resource utilization while minimizing adverse environmental impacts to the greatest extent covers all operational identification and assess-

possible. activities products ment covering the entire

Likeli- and services may lead

process and all areas inviting

Extent Dura- Value Chain Potential to omission of cross-departmental person-

Risk Type Description hood of

of Risk Occur- of tion of Links

Priority

Ranking Financial Countermeasures

significant environ- nel to participate to ensure

rence Impact Impact Impacted Impact mental risks and a lack

the comprehensiveness of

Opera- of effective control. Short Increase in the scope.tional

1. Failure to compre- 2. Improper mainte-

Medium High term Operations Medium operating 2. Develop and implement Risk costs

hensively and prompt- nance equipment preventive maintenance

ly identify and update aging or operational plans for environmental

environmental errors in environmen- protection facilities conduct

protection laws 1. Establish and dynamically tal protection facilities regular patrols and spot

regulations and other update the List of Applicable such as dust removal inspections and maintain a

applicable require- Laws Regulations and Other and wastewater stock of critical spare parts;

ments related to the Requirements; incorporate treatment may reduce provide specialized training

Company’s operations regulatory training into treatment efficiency or for operators and ensure they

may lead to manage- annual training plans; even lead to failure are certified before taking up

ment blind spots and regularly organize publicity posing risks of their posts.result in compliance and assessment activities to excessive pollutant

risks. enhance compliance emissions.

2. Improper treatment awareness among all

of exhaust gas employees.Com- wastewater or noise

2. Strictly enforce operating

generated during Potential procedures for environmen-pliance Likeli-

and production processes fines and

tal protection facilities; Oppor-

Short Description of hood of Extent Dura- Value Chain Potential

that lead to emissions High reputa- strengthen maintenance of

tunity Priority

Super- Medium High term Operations online monitoring equipment Type Opportunity Occur-

of tion of Links Ranking Financial Countermeasures

vision exceeding standards Medium tional rence Impact Impact Impacted Impact

Risk may trigger complaints

and data monitoring to

term impair-

from surrounding ment ensure stable compliance The stable regional

communities or with pollutant emission economic environment

regulatory intervention standards; develop commu- and well-developed Communicate regularly with

by environmental nity communication and Opera- supporting environ- stakeholders to fully utilize

protection authorities emergency response plans to tional

Reduction

mental infrastructure Short external supporting facilities

proactively address public Opportu- Operations Medium in operat-affecting the Compa- provide favorable

Medium High term and services ensuring that ing costs

ny’s social image and concerns. nities external conditions for the external resources

normal production 3. Establish standardized the effective operation required by the environmen-

order. temporary storage facilities of the Company’s tal management system are

3. Failure to strictly for hazardous waste; store environmental met in a timely manner.

comply with national waste by category and zone management system.hazardous waste with clear labeling; strictly

management regula- select and entrust qualified

tions during the entities for compliant transfer

storage labeling and disposal; and improve

transfer or disposal of ledger records and manage- Impact Risk and Opportunity Management

hazardous waste (such ment processes.as waste lubricating oil

and oil-contaminated Management Mechanism

rags) will expose the

Company to serious Dazhong Mining and its subsidiaries have formulated and implemented the Management Measures for Identi-

legal and financial fication and Evaluation of Environmental Factors establishing a comprehensive mechanism for identifying

risks. evaluating updating and managing environmental risks throughout the lifecycle of the Company’s product

production activities and services.

51 522025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Metrics and Targets

Identification of Environmental Factors

Each year the Safety and Environmental Protection Department organizes departments to identify Dazhong Mining strictly manages environmental protection-related work. We formulate environmental

summarize and update environmental factors which are classified into four major categories: pollut- protection metrics and targets based on actual production and operational conditions to ensure that the Com-

ant and waste emissions or generation energy and raw material consumption environmental issues pany’s environmental infrastructure and emission control standards reach a leading domestic level. Through

and requirements from stakeholders and other environmental factors. technological innovation and the improvement of environmental protection facilities the Company has achieved zero discharge or resource utilization of wastewater exhaust gases and solid waste.Indicator Targets 2025

Assessment of Environmental Factors

Investment in Environ- Increasing investment in environmental Total Investment in Environ-

A qualitative and quantitative scoring method (covering six aspects: scope and extent of impact mental Protection protection mental Protection:

likelihood of occurrence level of community concern consumption per unit of output and potential RMB 25.4545 million

for reduction) is used to evaluate each environmental factor and compile the List of Significant Envi- 100% compliance rate for the disposal of

ronmental Factors. Solid Waste Recycling garbage manure sludge from fertilizer

Rate 100％ponds waste oil and other solid waste

Management and Control of Environmental Factors Wastewater Discharge Zero emissions Emission: 0

The Safety and Environmental Protection Department formulates specific Implementation Plans for

Control Measures for significant environmental factors. After review and approval by the responsible Pollutant Emissions

leaders and the General Manager these plans are incorporated into the Company’s business plans.Dazhong Mining and its subsidiaries conduct quarterly environmental monitoring. By entrusting qualified

Emergency Management System professional monitoring institutions the Company regularly tests environmental indicators such as exhaust gas wastewater noise groundwater and surface water. All monitoring results are documented in formal

In accordance with national laws and regulations such as reports to fully ensure compliance in environmental management.the Measures for Information Report of Environmental Management of Waste Gases

Emergencies and the Measures for the Investigation and

Handling of Sudden Environmental Emergencies Dazhong The Safety and Environmental Protection Department of Dazhong Mining is responsible for formulating air

Mining has established an environmental emergency pollution prevention and control plans and assisting relevant units in completing feasibility studies plan

response system and formulated the Emergency Response demonstrations and implementation of major treatment projects. The Company’s primary sources of air

Plan for Environmental Emergencies and the Administra- emissions are underground drilling and blasting operations; ore stockpiles waste rock dumps and tailings

tive Measures for Reporting Investigation Handling and ponds may generate a certain amount of airborne dust; ore crushing and screening processes produce dust;

Accountability for Safety and Environmental Protection and heating boilers emit sulfur dioxide-containing fumes.Accidents to prevent and reduce environmental emergen-

cies and clarify internal reporting and accountability proce- Waste Gas Control at the Source

dures. The Company and its subsidiaries conduct emergen- Prohibit secondary shallow-hole blasting and adopt medium- and deep-hole blasting and millisecond

cy drills annually. The process includes training tabletop Emergency Drill for Radioactive Source Leakage at Charging Stations of Dazhong Mining micro-delay detonation technology

exercises and on-site practical drills. Replace fuel-powered vehicles (such as commuting vehicles and loaders) with new energy electric vehicles.Complete "fuel-to-electric" conversion for outsourced fleet loaders

Environmental Impact Assessment Dust Control

During the Reporting Period subsidiaries Jinrisheng Mining Jinhui Rare Earth Mining the Pelletizing Branch Modify the layout of dust collection ducts in the crushing workshop and enclose material discharge points

and Hunan Dazhonghe strictly complied with applicable laws and regulations to fulfill the environmental Replace cartridge-type dust collectors in the screening workshop

impact assessment procedures for construction projects. They have completed environmental impact reports Install new dust collectors in the high-pressure roller mill workshop

for certain renovation and expansion projects and obtained environmental impact assessment approvals in Conduct regular water sprinkling on plant premises to suppress dust

accordance with the law. Exhaust Gas Treatment

Environmental Inspection Adopt electrostatic precipitators + alkaline desulfurization (Jinhui Rare Minerals).Adopt electrostatic precipitators + limestone-gypsum desulfurization (Dazhong Mining Pelletizing Branch)

During the Reporting Period Dazhong Mining continuously strengthened environmental management and

carried out comprehensive environmental inspections and corrective actions. Among them Sichuan Dust Suppression at Tailings Storage Facilities

Dazhonghe responded to the requirements of the local Bureau of Ecology and Environment by conducting Realize dust suppression through multi-point ore discharge

environmental self-inspection and formulating rectification plans for the Jiada Lithium Mine; and Jinhui Rare Cover slope with fiber mats and vegetation planting

Minerals established a Special Environmental Protection Hazard Investigation Ledger to promote closed-loop Greening of Mining Areas

management of hazards. During the Reporting Period the Company conducted 66 environmental inspections. Plant saplings sand juniper privet hedges Japanese stonecrop/daylily

saplings and grass seeding

53 542025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Waste Gas Pollutant Emission

Noise Management

Indicator Name Unit 2023 2024 2025

Nitrogen Oxide (NOx) Ton 106.10 284 222.52 Noise Pollution Prevention and Control Measures

Sulfur Oxides (SOx) Ton 136.80 289.20 414.92 When purchasing production and auxiliary equipment that generates environmental noise

design requirements must be considered and equipment and machinery equipped with

Particulate Matter (PM) Ton 19.70 12.10 12.74 noise-canceling sound-insulating and vibration-damping measures must be adopted to

ensure that environmental noise complies with standards.Note: Jinhui Rare Minerals suspended Phase I sulfuric acid production for seven months in 2024; therefore sulfur oxide emissions in

2024 were lower than those in 2025. Where economic and technical conditions permit noise reduction measures are implement-

ed new technologies are promoted and process equipment causing severe environmental

noise pollution is phased out to ensure environmental noise emissions meet standards.Wastewater Management

The Management and Control Department shall comprehensively manage traffic vehicle

During daily production and operations Dazhong Mining mainly generates three types of wastewater: mining noise within the plant premises install warning signs to restrict vehicle noise inform vehicles

wastewater dressing wastewater and domestic sewage including underground inflow water equipment entering the premises of relevant noise control regulations and penalize vehicles in viola-

cooling water overflow water from concentrator thickeners backfill station wastewater dust removal waste- tion.water floor washing water boiler blowdown water and overflow water from tailings storage facilities. The

Company has established a strict wastewater treatment mechanism to ensure proper treatment of all types of Each production unit and department is responsible for the normal operation of its equip-

wastewater. ment and the daily maintenance and management of environmental noise pollution preven-tion facilities ensuring equipment remains in good working order and reducing noise pollu-

Wastewater Treatment Mechanism tion. In the event of a malfunction in noise reduction equipment the Mechanical and Power Department must be notified immediately and repairs must be organized without delay.Underground inflow is used as a source of water for production and is not discharged. Engineering management departments are responsible for imposing requirements on

Production wastewater is collected in the recirculating water reservoir of the ore dressing relevant parties during construction to ensure that construction noise levels and emission

plant and reused in mineral processing operations without external discharge. times comply with boundary noise standards for construction sites.Overflow water from the tailings pond is clarified and returned to the return water tank via a For high-noise workstations personal protection must be strengthened and noise protec-

return water chute then pumped back to the ore dressing plant for reuse by the return water tion equipment must be provided.pump station without external discharge.Domestic sewage after preliminary treatment through grease traps and septic tanks togeth- Waste Disposal

er with boiler drainage is sent to domestic sewage treatment equipment and discharged to

the 10000-ton water tank for reuse in mineral processing without external discharge. Dazhong Mining strictly complies with the Law of the People’s Republic of China on the Prevention and Control

Desalinated water from Jinhui Rare Minerals after mixing with recirculated cooling water is of Environmental Pollution by Solid Waste and other regulatory standards. The Safety and Environmental

discharged to the park’s sewage pipeline where it is treated by the park’s specialized waste- Protection Department coordinates classification collection and centralized disposal of solid waste. The

water treatment facility. After purification the water is reused in the production process of Company and its subsidiaries have designated responsible personnel for waste management and incorporat-

the Company as needed. This forms a closed-loop water recycling system at the industrial ed classification collection and disposal of general industrial solid waste and hazardous waste into produc-

park level. tion processes while establishing standardized ledgers to ensure consistency between records and actual

Cooling water at the Dazhong Pelletizing Branch is recycled and not discharged externally. conditions. Concurrently in accordance with regulations such as the National Catalogue of Hazardous Wastes the Company has formulated and implemented the Hazardous Waste Management System to standardize

full-process management of hazardous waste collection storage transfer and disposal.Solid waste generated by Dazhong Mining mainly includes waste rock from mining and beneficiation tailings

·Key Performance2025· sand dust collected by dust removal systems and boiler ash. Hazardous waste includes waste mineral oil and

Wastewater generated during the Company’s production processes is treated by an external its packaging barrels tar residue acid sludge spent catalysts and waste acid solutions. Each production unit maintains a dedicated hazardous waste management ledger to ensure daily oversight and regularly conducts

specialized contractor for reclaimed water reuse ensuring that all production wastewater is fully emergency drills for hazardous waste incidents to enhance risk response capabilities.recycled and not discharged thereby achieving "zero wastewater discharge". During the Report-

ing Period the wastewater recycling rate reached 100%

55 562025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Tailings Management

Management of General Solid Wastes

Actively implement national technical policies for preventing and controlling environmental Dazhong Mining attaches great importance to tailings management. In accordance with applicable laws

pollution caused by industrial solid waste adopt advanced production processes and equip- and regulations such as the Environmental Protection Law of the People’s Republic of China the Guide-

ment to prevent and control such pollution and implement measures to prevent and control lines for Investigation and Management of Pollution Hazards in Tailings Ponds (Trial) and the Regulations

environmental pollution caused by industrial solid waste. on the Safety Management of Tailings Ponds the Company has formulated the Environmental Risk Man-agement System for Tailings Ponds and the Management System for Investigation and Rectification of

Select and utilize raw materials energy and other resources rationally and adopt advanced Environmental Risk Hazards in Tailings Ponds conducted risk impact assessments throughout the entire

production processes and equipment to reduce the generation of industrial solid waste. operation of the tailings pond and implemented appropriate management measures.Urge construction and contracting units to promptly remove and dispose of solid waste To effectively prevent work safety accidents at tailings ponds the Company requires all relevant subsid-

generated during construction to prevent environmental pollution. iaries to designate the primary responsible department and personnel for the safety management of

tailing ponds.Urge equipment maintenance units to sort collect and centrally dispose of solid waste

generated during maintenance processes. ·Key Performance2025·

Waste Recycling Measures During the Reporting Period the Company operated a total of 8 tailings ponds，of which 5 werein operation and 3 were suspended or closed.Collection and Sorting

Install recycling facilities for metal plastic paper hazardous waste and general waste in

plant areas and office areas. Tailings Risk and Emergency Management

Enter into contracts with qualified recyclers/specialized treatment agencies to standardize Dazhong Mining conducted a comprehensive environ-

the collection and transportation of sorted waste. mental and safety risk assessment of the tailings ponds

Internal Recycling and Reuse at two major iron ore production bases in Inner Mongo-

lia and Anhui. In response to the identified issues the

Process scrap materials such as metal shavings plastic scraps and fabric scraps and reuse Safety and Environmental Protection Department

them in production lines. issued rectification notices in strict accordance with the

Use production waste such as aggregate as raw materials for the production of cement and "three determinations" principle to eliminate risks in a

building materials. timely manner. For major potential safety hazards the

Clean and disinfect pallets returnable containers and liquid containers for reuse. Company has formulated special preventive measures rectification plans and emergency response plans set

Sell desulfurization gypsum to Dazhong (Bentonite) as a raw material for cementing agents. up warning signs established records and organized Emergency Drill for Environmental Incidents at the Tailings Pond of Jinrisheng Mining

Roasted iron powder is sold to Dazhong Pelletizing Branch as a raw material for production. regular drills to ensure that risks remain under control.External Resource Utilization Channels

Convert combustible waste (such as waste plastics and waste oil) into energy.Remanufacture and upgrade scrap electromechanical products (e.g. components and printer Improvement of Resource Efficiency

cartridges)

Sell used batteries to external buyers. Dazhong Mining attaches great importance to the value of the circular economy in its business model. By

replacing traditional linear models with circular development approaches the Company strives to reduce

natural resource extraction and consumption and lower the intensity of energy and water resource use

·Key Performance2025· thereby supporting the achievement of sustainable development goals.In 2025 the total generation of general solid waste was 561092.32 tons with a compliant Governance

disposal rate of 100% and a general solid waste emission intensity of 1.37ton/RMB 10000. In strict accordance with the Energy Conservation Law of the People’s Republic of China Dazhong Mining

has formulated energy management systems such as the Measures for Energy Management (Trial) and the

In 2025 the total generation of hazardous waste was 117.303 tons with a compliant disposal Measures for Energy Conservation Management. The Company has established a supervision assess-

100 0.00029 ment reward and penalty mechanism covering all employees from senior management and formulated rate of % and a hazardous waste emission intensity of ton/RMB 10000. the Energy Consumption Quota Standards per Unit of Product to institutionalize target-oriented energy

management.

57 582025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Department/ Strategy

Organization Responsibility

Company Deci- A management team primarily composed of the company’s executive man-

sion-making In actively promoting efficient resource utilization Dazhong Mining has conducted in-depth identification agement is responsible for reviewing the annual energy conservation plan

Committee and analysis of potential risks and opportunities that the Company may face. The Company not only focuses on current business but also proactively adapts to the trend of the circular economy and explores

Development Make medium- and long-term energy conservation planning for the Company new pathways for sustainable development.Planning Depart- Organize experts to conduct energy conservation reviews and feasibility

ment Development studies for investment projects

Planning Center Conduct project initiation budget review and post-completion evaluation of Likeli-

new energy management projects and energy-saving retrofit projects

Risk Type Description hood of

Extent Dura- Value Chain Potential

Occur- of tion of Links

Priority Financial Countermeasures

Business Dispatch of Risk Ranking

Department under Formulate the Group’s annual energy conservation plan and energy consump-

rence Impact Impact Impacted Impact

Operations Manage- tion targets and diagnose supervise and evaluate the energy utilization of subsidiaries If prolonged drought ment Center occurs and causes a Medium

drop in the groundwa- Increase in Maximize internal term

Physical ter level the Compa- Low High Long Operations Low operating

wastewater recycling and

Risk ny’s production and costs reuse to reduce wastewa-term

operations may be ter discharge.affected.·Key Performance2025·

New policies may

increase energy usage

During the Reporting Period the Adjust energy strategies costs (such as carbon Short

Company and Jinhui Rare Mineral optimize energy Policy taxes) or energy term Increase in consumption structures

passed the certification of the ISO Risk compliance costs Medium High Medium Operations High operating term and increase the

50001 Energy Management System. thereby affecting the costsLong proportion of clean Company’s cost term energy usage.structure and energy

budget.ISO 50001 Energy Management ISO 50001 Energy Management

System Certification Certifi- System Certification Certificate Increase in Establish tailings manage-Improperly managed Medium

cate of Dazhong Mining of Jinhui Rare Mineral ment systems develop Opera- abandoned mining areas

operating

term

Low Medium Downstream Low costs and contingency plans and tional may cause long-term Long deprecia- regularly assess the

Risk damage to surrounding term environmental conditions

Training on Energy Management lands and ecosystems.tion of

goodwill of tailings.During the Reporting Period Dazhong Mining organized energy conservation training to enhance employ-

ees’ awareness of energy conservation and improve relevant management systems and operational skills.Oppor- Likeli- Extent Dura- Value Chain

tunities Description of hood of of tion of Priority

Potential

Opportunity Occur- Links Ranking Financial CountermeasuresType rence Impact Impact Impacted Impact

Techno- Investment in emerging Increase

logical energy technologies can

bring innovative High High Long Downstream

in Enhance technological

Opportu- term Operations High operating innovation capabilities and

nities competitive advantages income expand the R&D team.to the Company.Strengthen the effectiveness

Operation- Promote cost reduction Short Decrease of energy-saving measures

al and efficiency improve- High High term in develop new process flows

Training on Energy Conservation and Consumption Reductio Training on the Measures for the Management of Energy Opportu- ment through resource OperationsMedium High operating for resource recycling and

Operation and Control nities recycling and utilization. term costs utilization and continuously

reduce energy consumption

cost.

59 602025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Impact Risk and Opportunity Management

Type Targets Achievements in 2025

To ensure effective implementation of resource recycling processes and control potential risks Dazhong To improve the comprehensive

Mining has established a series of safeguard mechanisms to enhance the Company’s ability to respond to Circular recovery rates of iron concen- Production Bases in Inner Mongolia and Anhui:

risks and continuously improve resource utilization efficiency. Economy trates pellets and other prod- iron concentrates 3599078.15 tons and pellets

ucts 937436.27 tons.Risk Identification To optimize the energy struc- The Company has optimized its energy management

Energy ture increase the use of clean and built distributed photovoltaic power stations

Utilization energy and improve energy generating 31253400 kWh of solar power a

The Company identifies and summarizes resource utilization risks throughout the efficiency year-on-year increase of 17.20% with clean energy

entire process of resource acquisition utilization and disposal. accounting for 19.16% of its total energy consumption.Water To improve water resource

The Company has improved its comprehensive water

utilization efficiency and save resource utilization efficiency through technological Resource water resource costs upgrades and wastewater recycling achieving a

Risk Assessment water recycling and reuse rate of 95.20%.Based on the likelihood of occurrence and the extent of potential impact the Total Recycled/Reused Waste

risks that may be faced at each stage are carefully assessed and categorized.Dazhong Mining has formulated the Detailed Rules for the Management of Returning Old Materials and

Receiving New Materials (Trial) and the Measures for the Management of Scrap Materials (Trial). These

regulations standardize the processes for the collection management and disposal of scrap materials.Risk Response The Management and Control Department is responsible for coordinating the appraisal transfer classi-

fied storage and sale or disposal of scrap materials and for supervising and evaluating the implementa-

tion by all units. Additionally the Company has established a mechanism for exchanging old materials for

Each department systematically reviews the identified risks and formulates new ones to improve material utilization efficiency and provide incentives for the proactive recycling of

and implements corresponding risk response strategies for key risk points. scrap materials to promote resource circulation reduce production costs and promptly recover funds.Green Product level: procure products that are more durable repairable and upgrade-

Design and able to reduce scrapping rates.Ecological Packaging level: promote simplified and reduced packaging use degradable or In accordance with the Measures for Production Emergency Management Dazhong Mining has established

Design easily recyclable materials and reduce excessive packaging.an emergency response plan system covering key areas such as energy and material supply interruptions

and organized employees to participate in specialized emergency training to ensure rapid and effective

initiation of response and handling procedures in emergency situations.Clean Impro ve production processes to enhance raw material utilization rate and

Production energy efficiency and reduce waste at the source.and Process Adopt non-toxic harmless or low-toxicity and low-hazard raw materials to

Indicators and Goals Optimiza- replace hazardous substances and reduce difficulties and risks associated with tion subsequent treatment.Implement precise material feeding and process control to minimize spills

Dazhong Mining has set quantitative metrics and targets for various resources ensuring that the Compa- leaks drips and defective product generation during production processes.ny’s resource utilization efficiency reaches a leading domestic level through technological innovation and

energy efficiency improvements. The Company and Jinrisheng Mining have formulated the Energy Internal

Manage- Estab lish environmental management systems such as ISO 14001 to system-Conservation and Consumption Reduction Plan outlining energy conservation and consumption reduc- ment and atically identify and control waste.tion targets and implementation pathways for the next three years to drive continuous improvements in Employee Condu ct employee education and implement incentive programs to cultivate

energy and resource utilization efficiency and achieve green low-carbon and sustainable development. Education habits of conserving raw materials reducing waste and properly sorting waste

for disposal.Promote paperless office operations and minimize the use of disposable prod-

ucts.

61 622025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

As for the solid waste generated by the Company mining and ore-dressing waste rock is used for environ- Energy-saving

mental remediation of surface subsidence areas. Approximately 98% of ore-dressing tailings are back- Projects Project Introduction

Estimated Annual

Electricity Savings (2025)

filled into underground goafs while the remaining small portion is stored on a standardized anti-seepage

lining. Replaced a 14+ year-old power frequency air com-

Retrofitting of pressor with a Level 1 energy-efficient two-stage

Company Waste Recycling Mode Air Compressor permanent magnet variable frequency screw air com- 131000 kWh

Waste rock and tailings Classified by particle size into different types of building materials

pressor as the main unit.and sold externally to generate economic benefits. Replacement Replaced 38 outdated Y-series motors (≥30 kW) in the

Jinrisheng of Permanent ore-dressing plant with high-efficiency permanent 966800 kWh

Mining Dust from ore dressing Fully recycled back into the ore-dressing system. Magnet Motors magnet synchronous motors.Solar Lamp Replaced part of the mining area lighting with solar Boiler ash and slag Used for paving factory roads or backfilling subsidence areas.Installation lamps to reduce grid dependence and maintenance 9900 kWh

All waste rock is sent to the stone production workshop where it is costs.processed into finished stone of various particle sizes for external Retrofitted raw material dust removal fans with idle

Dazhong Waste rock and tailings sales. Stone powder that is not commercially saleable is utilized for

Frequency

Mining the backfilling of mine collapse areas. Most tailings are used for Converter

frequency converters and old cables. By using variable

Installation for frequency speed regulation the fan operating frequen- Approximately backfilling underground mine goafs while a small portion is stored Dust Removal cy was reduced from 50 Hz (power frequency) to about 48% power savingin tailings ponds. Fans 40 Hz achieving on-demand air volume adjustment

Pelletizing and eliminating power waste.Branch / Dust and waste

Zhongsheng materials Reused as raw materials. Energy Usage

Pelletizing

Indicator Unit 2023 2024 2025

Improvement of Resource Efficiency Consumption of Renewable Energy

(Photovoltaic Power Biomass Fuel) tce 1054.45 3277.37 6478.83

To promote green manufacturing and optimize the energy structure Dazhong Mining has identified key Photovoltaic Power Generation kWh 8579700 26667000 31253400

energy-consuming links including production workshops offices warehouses and public auxiliary facili-

ties. These links primarily rely on purchased electricity and diesel. In recent years the Company has Proportion of Renewable Energy Usage % 1.61 5.14 8.09

actively promoted clean energy by installing distributed photovoltaic power stations with a total capacity

of 8.13 MW on the roofs of the main factory areas and workshops. Additionally part of the electricity for Total Direct Energy Consumption tce 9212.08 9478.00 16190.19

the administrative building and the Party-Mass building is supplied by the photovoltaic system further

increasing the proportion of clean energy usage. Diesel Ton 6322.20 6504.70 8467.52

Liquefied Petroleum Gas m 3 / / 301440

·Key Performance2025· Biomass fuel Ton / / 4831.70

Total Indirect Energy Consumption tce 55048.94 50945.28 60055.09

In 2025 the Company purchased green power certif-

9021 Purchased Electricity kWh 447916553 414526269 481805630icates for MWh of renewable electricity

4786.54 Total Purchased Heat GJ / / 24653.38resulting in a total reduction of

Total Energy Consumption tce 65315.47 63700.65 80086.32

tCO2e.Energy Consumption Intensity tce/RMB 10000 0.1631 0.1658 0.1958

Waste Heat and Pressure Power Generation kWh / / 72146400

Total Consumption of Clean Energy

(Waste Heat and Pressure Power Genera-

During the Reporting Period the Company and its subsidiaries implemented over 50 energy-saving and tce 1054.45 3277.37 15345.62tion Photovoltaic Power Generation and

consumption-reduction projects. A selection of these cases is introduced below. Biomass Fuel)

Note: In 2025 the Hunan Jijiaoshan Lithium Mine and the Sichuan Jiada Lithium Mine in Sichuan successively entered the tunneling

phase. The number of operating entities included in the Company’s energy consumption statistics increased compared to previous

years leading to a year-over-year increase in relevant energy consumption data of the reporting year.

63 642025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Reduction in Water Resource Utilization ·Key Performance2025·

Dazhong Mining fully recognizes the urgency and critical importance of

water resource management and has established and strictly imple- During the Reporting Period the Company's total intake of fresh water

mented a water-saving management mechanism. The Company has was 4802623 tons and the total volume of recycled water

formulated the Measures for the Management of Water Usage to regu-

late water licensing planning approval and usage. To enhance the reached95201543tons.management of mine water hazards the Company and its subsidiaries

have developed the Measures for the Management of Water Drainage

Prevention and Control in Mines. These measures standardize work

procedures effectively prevent and mitigate water hazard incidents

and ensure personnel safety as well as stable production. Practice of Green Operations

Water Source Protection

The Company's water consumption covers production domestic and auxiliary uses which are mainly Clean Production

supplied by reservoirs and municipal water sources. All water withdrawals from surface and underground

sources are conducted in accordance with the law with the necessary water intake licenses obtained. Dazhong Mining actively advances technological transformation in cleaner production to conserve

Rainwater is collected and utilized to enhance the efficiency of overall water resource use. resources reduce material and energy consumption and minimize the use and discharge of toxic and

Production water in the mining areas primarily depends on surface water sources. To effectively hazardous substances gradually establishing an efficient promotion model for cleaner production driven

safeguard the ecological environment of water sources we require that water sources are located in areas by technological progress. Meanwhile the Company engages a third party to audit its cleaner production

with reliable water quantity and quality and where environmental protection measures can be readily practices including those of its subsidiaries and to issue audit reports. These reports provide a scientific

implemented. Water intakes are established in river sections with relatively low turbidity or in areas basis for the ongoing improvement of cleaner production processes.suitable for flood peak regulation and storage facilities in compliance with the national standard Code for

Design of Water Supply from High-Turbidity Water Sources. There are no environmentally sensitive ·Key Performance2025·

targets such as nature reserves scenic spots or designated water source protection areas within 5 km of

the Company and no perennial flowing surface water systems exist in the vicinity. As of the end of the Reporting Period Shujigou Iron Mine and Jinhui Rare Minerals have success-fully passed cleaner production audits achieving the advanced domestic level in cleaner produc-

Measures for Water Conservation tion. The relevant reports for Jinrisheng Mining have been completed and are currently awaiting

Dazhong Mining has submitted a Water-Saving Enterprise Report along with relevant documents to the review by government authorities.local government formulated a comprehensive water-saving action plan and initiated the internal appli-

cation process for water-saving projects. Through technological upgrades and the adoption of new equip- Dazhong Mining operates in the iron ore mining and dressing industry positioned at the forefront of the

ment we are committed to reducing water consumption. industrial chain. Our main products include iron concentrate and pellets with by-products such as man-

ufactured sands which generally do not require outer packaging materials. In our production and opera-

Wastewater Recycling tions we adopt environmentally friendly processes to minimize the use of toxic and hazardous substanc-

Dazhong Mining implements targeted treatment measures for different types of wastewater to achieve es. Our subsidiary Jinrisheng Mining extends the service life of oil products and recycles gear oil thereby

recycling and zero discharge. reducing the generation of hazardous materials such as waste mineral oil.Green Office

Type Source Treatment Method

Mining Undergroand water that Pumped to a high-level storage tank outside the tunnel Dazhong Mining regards green office practices as an essential part of daily operations to uphold low-car-

wastewater emerges from fractured rock aquifers during mining and utilized in ore-dressing production.bon principles and promote company-wide emission reduction. The Company integrates energy-saving

and low-carbon measures across all office activities transforming environmental awareness into routine

A circulating water supply system is in place for practices and effectively contributing to the achievement of overall emission reduction targets.Ora-dress- Industrial water used during ore-dressing production; all concentrate wastewater is

ing waste- ore grinding and processing reused while tailings water is discharged into a pond

water through chutes. After clarification the tailings water is Low-Carbon Commuting

piped back to the ore-dressing plant for recycling. Electric shuttles and official electric vehicles replace fuel-powered vehicles for daily commuting. For

Treated through septic tanks sewage treatment stations long-distance official travel high-speed rail and other low-carbon transportation options are priori-Domestic Generated from employees' and other facilities before being repurposed for factory tized to reduce traffic-related carbon emissions.sewage daily activities greening or production use.

65 662025 Environmental Social and Governance (ESG) Report Green Mines: Fostering Ecological Integration

Construction Project Environmental Management

Energy Conservation of Office Equipment

Office computers are set to automatically power off after working hours. All office lighting has been Dazhong Mining and its subsidiaries strictly adhere to the Regulations on the Geological Environment

upgraded to energy-efficient LED lamps and air conditioning temperatures are appropriately regu- Protection in Mines the Measures for the Management of the Registration of Mineral Resources Exploita-

lated to optimize energy consumption. tion the Measures for the Implementation of Land Reclamation Plans and other relevant laws and regula-

tions and have jointly developed the Measures for the Administration of the "Three Simultaneities" of

Resource Recycling and Paperless Office Environmental Protection in Construction Projects. These measures aim to standardize the management

of environmental protection facilities throughout the design construction and commissioning stages of

We promote a fully electronic office environment. Internal documents and notices are circulated via new reconstructed and expanded projects effectively controlling environmental pollution and ecologi-

the OA system with paper versions used only for external materials. Conference rooms are equipped cal damage while preserving environmental resources.with paperless systems that support electronic document displays and online annotations minimiz-

ing the need for printed conference materials. Double-sided printing and waste paper reuse are

implemented to reduce paper consumption.Waste sorting is enforced and a unified recycling mechanism for used batteries is in place. Land Resources and Ecological Protection

Energy Consumption Optimization Dazhong Mining has consistently integrated the green mine concept into every stage of mineral resource

development. The Company follows the mining principle of resource conservation and recycling commit-

Smart sensor faucets have been installed in the canteen and energy- and water-saving reminders ted to minimizing the negative impact of mining activities on the geological environment and protecting

are posted in office and factory lighting and water areas reinforcing daily energy-saving practices. biodiversity. Each year the Company carries out ecological restoration and environmental governance as

per the Geological Environment Protection and Land Reclamation Plan which is prepared by a third party.This approach ensures steady progress in green mine construction. During the Reporting Period the Mine

Green Awareness Cultivation Environmental Protection and Land Reclamation Plan for the Company's Hunan Jijiaoshan Lithium Mine

Green office tips are actively promoted to employees through internal communications and daily successfully passed expert review. This achievement marks a significant milestone in fulfilling the our

reminders encouraging their participation in energy-saving and resource-recycling practices. This ecological responsibilities.initiative helps embed green office practices into everyday work habits. Dazhong Mining actively explores innovative practices in ecological protection and value co-creation. In

2025 the Company invested in the construction of high-standard farmland projects in Linwu County

Construction of Green Mines Hunan Province. By converting mining waste rock into construction resources we reduced the ecological footprint of solid waste at its source while restoring and enhancing the ecological functions and agricul-

Dazhong Mining upholds the development philosophy that "lucid waters and lush mountains are invalu- tural productivity of 96 mu (approximately 6.4 hectares) of land.able assets" and is committed to fully advancing the green mine construction strategy. At Dazhong In parallel with ongoing green mine initiatives Dazhong Mining emphasizes scenic mines as one of our

Mining we prioritize ecological protection and green development as our core mission following a unique development characteristics and strive to promote the deep integration of green mines and

sustainable development path. By incorporating the unique scenic features of our mines into our green industrial tourism. At present the Jinrisheng Iron Mine Cultural Expo Park and the Dazhong Mining Indus-

mine construction efforts we create industrial ecological scenic areas that are not only environmentally trial Tourism Scenic Area which have been designated as national AAA-level tourist attractions and

friendly but also accessible and visually appealing meeting the highest standards. Furthermore the Com- formed a replicable and scalable development model integrating “green mining + industrial tourism”

pany is committed to exploring a new development model that fosters a symbiotic and prosperous are actively applying for designations as national AAAA-level tourist attractions with the goal to compre-

relationship between resource development and ecological cultural tourism. hensively build garden-style mines. In addition the Hunan Jijiaoshan Lithium Mine and the Sichuan Jiada

Lithium Mine in Sichuan have both set the objective of developing into AAAA-level industrial tourist attrac-

Green Mine Construction Goal Achievement in 2025 tions even during their construction phases. By integrating the philosophies of green development and ecological tourism into their planning and design they aim to possess the high-standard ecological and

By 2030 all mines comply with Zhouyoufang Iron Mine: Certified as a National Green Mine. cultural tourism functions upon completion thereby continuously exploring new pathways for the green

green mine construction stan- Chongxinji Iron Mine: Certified as a Provincial Green Mine of Anhui transformation of the mining industry.dards and all smelting and Province and shortlisted in Anhui Province's recommendation list

processing enterprises meet for national green mine certification.green factory construction Shujigou Iron Mine: pending public announcement after passing

standards the review by the expert group from the Department of Natural

Resources of the Inner Mongolia Autonomous Region;

100 Dongwufenzi Iron Mine: to be subject to the certification process.% implementation rate

100 Zhouyoufang Iron Mine Chongxinji Iron Mineof the "Three Simultaneities" % National Green Mines Anhui Provincial Green Mine

Note: The "Three Simultaneities" refer to Article 15 of Chapter III of the Regulations on the Administration of Environmental Protec-

tion in Construction Projects which states that environmental protection facilities must be designed constructed and put into

operation simultaneously with the main construction project.

67 68Intelligent

III.Mines: Innovat-ing for Win-Win

Cooperation

Dazhong Mining is committed to innovation-driven develop-

ment and aims to build smart mines that embody four key

modernizations facilitating the transformation of the mining

industry towards a safe efficient green and sustainable devel-

opment model. The Company places significant emphasis on

independent R&D and technology integration. We have estab-

lished a comprehensive data security protection network that

covers all stages of production and operation ensuring the

security and controllability of key information data assets

throughout the process. Additionally Dazhong Mining collabo-

rates with partners to create a transparent and trustworthy

supply chain ecosystem driving the entire industry towards

high-quality and sustainable development.Our Actions

Driving Smart Operations

Safeguarding Data Security

Creating a Responsible Supply Chain

SDGs Responded in this Chapter2025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

R&D Team Building

Promotion of Smart Operations Dazhong Mining has established a dedicated R&D team focused on technological innovation in mining mineral processing and environmental protection. Leveraging an advanced R&D system the team

continuously strengthens our technological advantages reinforcing our leading position in the industry.Guided by mechanization automation informatization and intelligentization Dazhong Mining harnesses

Internet-driven thinking to propel industrial transformation. The Company deeply integrates advanced

technologies—such as sensing and control industrial Internet big data artificial intelligence and robot-

ics—to develop a smart system capable of comprehensive perception real-time monitoring intelligent By Educational Background

decision-making and collaborative control. By combining technology integration with innovative opera-

tional models Dazhong Mining embeds digital and intelligent approaches throughout the entire mineral

resource lifecycle including exploration mining transportation processing and management. We are As of the end of the

committed to building a four-modernization smart mine with distinct Dazhong characteristics emphasiz- Reporting Period

ing safety efficiency environmental friendliness and sustainability setting a new benchmark for mining 40.63%

development and leading high-quality industry growth. the Company has

Bachelor's Degree

Governance Master’s Degree 480

58.75% 0.63% Associate Degree R&D personnel

Organizational System and Below

Dazhong Mining has long regarded scientific and techno-

logical innovation as the core driving force behind corpo- R&D Center representing

rate development. The Company has established a series

of policies including the Measures for the Management of By Age 11.36%

Technology Research and Development and the Measures Technical Committee of the total workforce.for the Management of Scientific and Technological Work.Through a standardized governance system we have clari- 14.38% 29.58%

fied the management of scientific and technological Technical Committee Office

projects the transformation of technological achieve- Under 30 Years Old

ments intellectual property management and the organi- 30-40 Years Old

zation of scientific and technological activities. These R&D Project R&D Expense R&D Person-

measures have improved the quality of R&D and innova- Management Management nel Manage- 40-50 Years OldGroup Group ment Group

tion projects strengthened innovation capabilities and 22.08% Above 50 Years Old

promoted the development and application of innovative 33.96%

outcomes. By developing technologies and products with R&D Project Group

independent intellectual property rights the Company

has effectively enhanced the core competitiveness. Organizational Structure for R&D

and Innovation Note: Due to rounding the sum may not equal 100%.Formulate the medium- and long-term R&D and innovation plans ensuring

alignment with the Company's overall corporate strategy; Oversee project

initiation and application progress tracking resource allocation cost man-

R&D Center agement and project acceptance for R&D projects; Maintain the Company’s

high-tech enterprise qualifications and manage patents.As the supreme decision-making body for the Company’s scientific and tech-

nological management the Technical Committee provides unified leader-

ship making decisions on strategies plans funding institutional setup

Technology incentive schemes performance assessments conference plans and key

Committee issues related to the implementation of major scientific and technological

matters.As the competent department for scientific and technological management

the Technical Committee Office handles the organization management and

Office of Technol- service functions for the Company's scientific and technological work imple-

ogy Committee menting and coordinating various tasks related to scientific and technologi-

cal management.

71 722025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

R&D Strength Strategy

Adhering to the technological innovation philosophy of "Intelligent Manufacturing for Win-Win Dazhong Mining actively implements an innovation-driven development strategy identifying potential risks

Results" Dazhong Mining embraces the R&D approach focused on mechanization and automation to and opportunities in the fields of R&D and innovation by closely aligning with our actual circumstances. The

optimize operations and workforce efficiency. The Company along with subsidiaries Jinrisheng 51.15% Company takes proactive measures thoroughly analyzing cutting-edge technologies and market dynamics

Mining Jinhui Rare Minerals and Hunan Dazhong He Lithium Mine has been recognized as a National and strives to achieve breakthroughs for sustainable rapid and healthy development in key areas such as

High-Tech Enterprise. Our R&D Center is accredited as the Taconite R&D Center of Dazhong Mining intelligent systems and environmental sustainability.located in the Inner Mongolia Autonomous Region. The Company and its subsidiaries currently oper-

ate two provincial-level enterprise technology centers. Additionally Dazhong Mining has attained Likeli- Extent Duration Value Chain

recognition as both an autonomous-region-level Enterprise R&D Center and an Enterprise Technolo- Risk Type Description hood of of of Links Priority

Potential

Occur- Financial Countermeasures

gy Center. During the Reporting Period the Company's Central Laboratory and the R&D Center of its of Risk rence Impact Impact Impacted

Ranking Impact

subsidiary Jinhui Rare Minerals were awarded CNAS accreditation certificates.Insufficient technical Implement a

pre-research or path "technology +

demonstration potentially market" driven

leading to misguided project initiation

project direction midway. and review

Project stagnation caused mechanism to

by insurmountable enhance feasibility

bottlenecks in foundational analysis.theories or key processes. Conduct rigorous Increase

Technology Immature engineering Medium stage-gate reviews Medium High

Risks termapplications of new Operations

High in R&D

Long term Expendi-

and define quantifi-

technologies or materials tures able milestones.Develop an open

High-Tech Enterprise High-Tech Enterprise which could lead to

Certificate of Dazhong Certificate of Jinrisheng reliability issues and project innovation ecosys-

Mining Mining delays. tem by establishing

Misalignment between R&D strategic partner-

achievements and market ships with universi-

demand which may result ties and research

in failed commercialization. institutions.Major adjustments or

rollbacks of core fiscal and

tax incentives such as

high-tech enterprise Establish a regular

qualifications or R&D policy monitoring

"Enterprise Technology Anhui Provincial Enterprise "Technology R&D Center of expense super deductions. and assessment

Center" Recognition of Technology Center Certificate of Coarse-Grain Strong Magnetic Upgrades to environmental

Dazhong Mining Jirisheng Mining mechanism and Pre-dressed Lithium Mica in protection energy

Chenzhou" Recognition of Hunan maintain targeted efficiency and industry

Dazhonghe Policy and technical standards which Medium Increase

liaison with relevant

Legal Risks may create compliance Medium High term Operations High

in R&D authorities.Long term Expendi- Integrate compli-challenges for existing R&D tures ance review as a

directions or achieve- mandatory step in

ments. R&D project

Changes in intellectual initiation and review

property laws and processes.regulations potentially

affecting patent applica-

tion strategies protection

strength or the definition

of infringement.

73 742025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

Oppor- Likeli-

Description of hood of Extent Duration Value Chain Priority Potential tunity

Opportunity Occur- of of Links Ranking Financial CountermeasuresType rence Impact Impact Impacted Impact Indicators and Goals

Partner with universities

Track policy releases

and research institutes to 51.15%

in real time to ensure

transform new technologi- Indicator Unit Targets 2025

timely awareness of

cal achievements into

changes; Maintain sustained R&D investment amounted to RMB

Techno- practical applications.Medium Reduction Proactively connect Number of R&D investment in R&D 152.8648 million accounting for 3.74% of logical Conduct collaborative R&D in R&D

Opportuni- Medium High term Operations High with government and strengthen the operating revenue. The Company had 480 with peers to overcome Long term Expendi- Personnel

Person

ties technical bottlenecks. tures

departments to development of the R&D personnel representing 11.36% of the

understand applica- R&D team total workforce.Engage in joint R&D with

tion requirements

upstream and downstream Increase the The total number of patents reached

and prepare the

partners to broaden Number of Patents Case number of patents 518 an increase of 143 year on year.necessary materials.application scenarios.Establish an

industry-universi-

ty-research

cooperation Smart Mines and OperationsLeverage national and

local R&D subsidies and platform to create a

special support funds; comprehensive

Participate in the formula- cooperative Intelligent Mine Construction

Policy tion of industry standards; Medium

Reduction resource database;

in R&D In response to the national strategy for intelligent mine construction Dazhong Mining applies advanced

Opportuni- Benefit from applying for Medium High term Operations High Identify and address Expendi- technologies—such as sensing the Internet of Things and automatic control—to achieve fully automated

ties key qualifications such as Long term tures technical bottle- mining and mineral processing. The Company promotes the development of unattended mines and drives

high-tech enterprises and necks selecting high-quality growth through digital intelligence. At the same time Dazhong Mining upholds scientific and

specialized sophisticated potential partners technological ethics throughout the innovation process preventing technology misuse and ethical risks and

unique and new enterpris- for collaboration; ensuring the compliance and sustainability of technology applications.es. Conduct rigorous

evaluations of In building smart mines the Company has significantly improved mining efficiency by introducing fully mecha-

partners' qualifica- nized equipment including Epiroc LHDs and Simba medium-hole drill jumbos. We have implemented full-pro-

tions and technical cess automated control from mining to tailings treatment and developed the "Six Major Safety Systems"

capabilities. including underground personnel positioning monitoring and early warning and emergency refuge systems

to ensure the safe operation of mines. Key systems such as the main and auxiliary shaft hoisting ventilation

Impact Risk and Opportunity Management fans and drainage pumps are now under remote centralized automatic control further improving safety

management and control.In line with the Measures for Comprehensive Risk Management Dazhong Mining identifies potential risks across Dazhong Mining incorporates the "digital intelligence" concept throughout mining operations establishing an

technology market talent and other aspects of R&D and innovation. Simultaneously the Company actively intelligent dispatching platform that enables efficient production management through intuitive interfaces.captures innovation opportunities formulating and implementing strategies to harness these opportunities The Company has also introduced intelligent inspection robots for automated checks of critical equipment

and drive sustainable development through innovation. and employs video surveillance big data and AI algorithms for comprehensive safety monitoring of both

personnel behavior and equipment performance. These efforts collectively strengthen mine safety production

and intelligent management.Risk Identification Risk Assessment Risk Response Monitoring and

Improvement

Identify and summarize Assess and classify Relevant departments Evaluate the effective-

risks throughout the potential risks in review the assessed ness of risk response

entire innovation and each link based on risks and develop strategies and improve

R&D process from project the impact and appropriate response emergency plans to

initiation and R&D to likelihood of the measures for major ensure the smooth

achievement transforma- identified risks. risks. progress of R&D and

tion and acceptance. innovation activities.

75 Intelligent Dispatching and Control Platform Robot Dog for Intelligent Inspection 762025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

Protection of Intellectual Property Rights

51.15% Dazhong Mining places great emphasis on intellectual property rights (IPR) protection and fully complies with

the Trademark Law of the People's Republic of China the Patent Law of the People's Republic of China and

other relevant laws and regulations. The Company has developed the Measures for Management of Scientific

and Technological Work with the Technical Committee Office serving as the IPR management department.This department is responsible for overseeing patents trademarks copyrights trade secrets technical

standards and other forms of intellectual property. By strengthening the IPR protection system the Company

Smart Mine System Remote Control of Perforation and Remote One-Button Start/Stop in the continually improves the patent application process and subsequent maintenance efforts. This ensures the

Blasting by Drones Mineral Processing Plant Control Room independent control of core technologies in key fields safeguarding against any form of IPR infringement.Inventory Review of Authorized Patents

Through continuous R&D efforts and patent filings we have built a substantial portfolio of intellectual property

rights. By the end of the Reporting Period the Company and its subsidiaries held numerous invention patents

spanning mining mineral processing environmental protection and related fields.Indicator Unit 2024 2025

Number of Authorized Patents Case 375 518

Number of Authorized Invention Patents Case 24 43

Automatic Ball Feeding System for Automated Reagent Dosing System Remote Operation and

Ball Mills for Flotation Dispatching of LHDs Number of Authorized Utility Model Patents Case 351 475

Cumulative Number of Software Copyrights Case 5 31

Case Intelligent Inspection System of Rail-Mounted Robots at the Shujigou Mine

A closed-loop rail-mounted intelligent inspection system with a total length of 6097 meters has ·Key Performance2025·

been established at the Shujigou Mine and equipped with eight inspection robots. Using a dual

power supply mode the system can complete full-area patrols every 45 minutes fully replacing During the Reporting Period no lawsuits or legal disputes concerning IPR infringement occurred

traditional manual inspections. The robots equipped with visible light and infrared thermal imaging in the Company.devices and combined with deep learning algorithms can automatically detect anomalies such as

belt damage smoke or fire and personnel violations and issue real-time alerts. This system has

been integrated with the AR-based real-time command and dispatch platform of the mine enabling Industry-University-Research Cooperation

alarm linkage and incident verification.Technical Cooperation and Exchange

Case Automatic Acid Loading System Dazhong Mining is committed to advancing industry-university-research collaboration. The Company main-

tains strong partnerships with both domestic and international manufacturers universities and research

institutions. By actively integrating cutting-edge technologies and innovative management models we foster

The automatic acid loading system utilizes visual recognition and AI algorithms to achieve the coordinated development of mine mechanization automation informatization and intelligentization.“zero-contact” operations throughout the entire process including vehicle scheduling queuing

and automatic acid loading. Additionally the system is equipped with 3 sets of T-type intelligent

slewing arms and fume recovery units which eliminates the need for elevated tanks optimizes

pipelines and valves shortens acid flow paths and reduces acid losses. Furthermore the system

seamlessly integrates with an unmanned weighing system sharing license plate and material data to

significantly enhance operational safety and efficiency.

77 782025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

Support for R&D and Innovation Information Security Management Measures

To stimulate employees' enthusiasm for scientific and technological innovation and promote the practical

application of research achievements the Company has established a comprehensive set of systems includ-

ing the Measures for Management of Scientific and Technological Work the Organization Implementation and 51.15% Dazhong Mining has implemented a series of robust measures for information security management to

Incentive System for the Transformation of Scientific and Technological Achievements and the Measures for safeguard the stable operation of its information systems.Rewarding Scientific and Technological Progress. A multi-dimensional incentive mechanism has been imple-

mented covering scientific and technological excellence evaluation award review commendations and

rewards external achievement incentives and IPR-related rewards. This mechanism fully recognizes and Standardize the entire lifecycle of information projects including planning

rewards collectives and individuals with outstanding contributions to scientific and technological innovation annual scheduling project initiation bidding contract signing implementation

driving the Company's scientific and technological progress and innovative development. and monitoring as well as acceptance and post-evaluation.Informati-

zation Clarify the responsibilities of relevant departments including the Information

Case "Five Small Innovations and One Method" Incentive Mechanism to Inspire Project Automation Department Audit and Legal Department and Finance Manage-Frontline Employee Innovation Manage-ment ment Department in information project management.Ensure legality compliance and effectiveness of information projects while

To foster innovation among frontline employees our subsidiary Jinrisheng Mining introduced the mitigating risks such as information silos and uncontrolled project manage-

Management Measures for "Five Small Innovations and One Method". This system creates a struc- ment.tured process for submitting reviewing and rewarding small know-hows designs innovations

inventions suggestions and advanced operating methods. It encourages micro-innovation within

employees' roles driving cost reduction efficiency improvements and technical progress. During Regulate daily O&M activities including management of key positions system

the Reporting Period Jinrisheng Mining regularly recognized and rewarded employees for their access control and routine inspections and maintenance.contributions to the "Five Small Innovations and One Method" system maintaining enthusiasm and Information System

Operation Establish fault handling procedures covering fault reporting resolution valida-motivation for innovation.and Mainte- tion and verification.nance Strengthen system application monitoring evaluation and assessment as well

Protection of Data Security as the approval and implementation of system changes or optimizations.Establish principles for office computer use including exclusive use of compa-

Information Security Management System ny-issued computers and banning computers without the desktop cloud system

in office areas.Office

Dazhong Mining adheres strictly to the Data Security Law of the People's Republic of China the Network Secu- Computer Define computer management procedures for employee onboarding job trans-

rity Law of the People's Republic of China the Personal Information Protection Law of the People's Republic of Management fers and resignations.China and other relevant laws and regulations. To ensure compliance the Company has developed a compre- Emphasize the confidentiality of company data prohibiting unauthorized copy-

hensive set of policies and procedures including the Measures for the Management of Information Security ing and distribution and disabling USB copying functions.(Trial) the Management Measures for the Operation and Maintenance of Information Systems the Measures Ensure regular backups and archiving of data on confidential computers to

for the Management of Informatization Projects and the Detailed Rules for the Management of Employees’ maintain data security.Office Computers. These measures aim to standardize information security management safeguard the Com-

pany's information assets and foster the sustainable development of our information infrastructure.We have established a well-defined information security responsibility system. At the top decision-making During the Reporting Period the Company organized specialized cybersecurity awareness training

level the leader in charge of information automation holds overall responsibility for security management for all first-tier subsidiaries centers and departments. The training addressed the current cyber-

approves major plans and responds to incidents. The Information Automation Department serves as the security landscape common methods and risks of social engineering attacks and corresponding

central management and technical hub responsible for formulating security policies ensuring the security of preventive measures improving employees' basic cybersecurity awareness and enhancing their

group-level systems and networks designing the overall information architecture and providing guidance ability to respond to risks.and training to subsidiaries. The information management departments of subsidiaries and branches act as

the executing bodies ensuring the secure and smooth operation of information systems networks and data

centers within their respective organizations while also organizing employee training. Indicator Unit 2025

Number of Information Security-Related Training Sessions Offered Session 12

·Key Performance2025·

Number of Training Participants Person 45

During the Reporting Period no incidents of privacy breaches or other information security leakage

occurred in the Company. Total Training Duration Hour 18

79 802025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

Responsible Supply Chain During the Reporting Period the Company launched a comprehensive training program for both

internal employees and external suppliers. The program aimed to achieve two-way empower-

Dazhong Mining actively practices responsible supply chain management continuously strengthening 51.15% ment by enhancing internal professional capabilities while strengthening collaboration across the

ESG requirements for suppliers and collaborating with them to build a transparent fair and sustainable supply chain.supply chain ecosystem.Supply Chain Management System

To standardize supplier management for the Company and its subsidiaries we have developed a series of

management systems including the Measures for Management of Equipment and Materials Suppliers the

Measures for Bidding Management and the Measures for Management of Bulk Raw Material Procurement.These systems tighten supplier entry performance evaluation and exit management establish a dynam-

ic optimization mechanism and ensure a stable and reliable supplier base. During the Reporting Period

no major risks or impacts were reported in the Company’s supply chain.Supplier Lifecycle Management

Supplier Full-Process Operation Training on Measures for Bidding Management Qualifica-

Admission of Suppliers Training tions and Other Relevant Topics Conducted by the

Purchasing Departmentt

New suppliers must complete and upload the relevant materials for due diligence.The Company conducts due diligence on the supplier's legal status business Supplier Digital Management

permits performance capabilities business scale product quality and litigation

history as well as certifications such as quality environmental and occupational To continuously enhance supply chain efficiency and transparency the Company is promoting the digital and

health and safety management systems. intelligent transformation of supplier management. To date we have fully implemented electronic contract signing. Moreover by establishing an integrated supplier collaboration platform we have enabled efficient

online collaboration across key business processes including order creation invoicing and reconciliation

Supplier Evaluation quality issue resolution and payment confirmation. This has substantially improved both collaboration

efficiency and data consistency between the Company and its suppliers.We have established relevant evaluation mechanisms and detailed guidelines such

as the Detailed Rules for the Evaluation of Equipment and Materials Suppliers Equal Treatment of Small and Medium-Sized Enterprises

(Trial). The Supplier Review Team conducts multi-dimensional performance evalu- At the contractual level the Company has clearly defined settlement terms with suppliers specifying "pay-

ations on qualified suppliers that have delivered goods or services during the year ment in the following month upon receipt of goods and corresponding invoices". The payment process has

covering aspects such as performance quality and delivery. Based on the evalua- remained generally stable and no significant litigation or disputes have arisen due to overdue payments.tion results suppliers are classified into four tiers: peripheral suppliers alternative

suppliers qualified suppliers and blacklisted suppliers. ·Key Performance2025·

Continuous Improvement of Suppliers Total Number of Suppliers：571 Number of Local Suppliers：558

The Company promotes continuous improvement of suppliers in quality control Number of Overseas Suppliers：13

technical capability integrity safety and environmental protection through on-site Number of Suppliers with Quality Management System Certification：198

audits technical collaboration electronic connection green system construction

and professional training to build a "clean open and win-win" supply chain system. Number of Suppliers with the Environmental Management System Certification：159

Number of Suppliers with Occupational Health and Safety Management System Certification：153

Supplier Withdrawal

Suppliers may be removed in a fair manner if they fail to meet entry requirements During the Reporting Period 14 suppliers were suspended from cooperation due to non-com-

violate the Supplier Cooperation Commitment fail to meet quality and service

standards are forced to exit following an evaluation withdraw voluntarily or have pliance while no potential suppliers were rejected.no business activity for three consecutive years. This process ensures the continu-

ous optimization of the supplier pool.

81 822025 Environmental Social and Governance (ESG) Report Intelligent Mines: Innovating for Win-Win Cooperation

Suppliar ESG management Case Dazhong Mining Reaches Strategic Cooperation with Epiroc

Dazhong Mining conducts dynamic evaluation and management of suppliers across multiple dimensions 51.15% During the Reporting Period Dazhong Mining conducted a high-level strategic meeting with the

including corporate qualifications product quality environmental responsibility and business ethics. President and CEO of Epiroc Group and his delegation. The two parties formally signed the 2026

The Company mandates that all suppliers sign a Supplier Cooperation Commitment which includes equipment procurement agreement at the meeting and reached a significant consensus on com-

provisions on integrity and ethical conduct. Environmental protection safety and human resources com- prehensive and in-depth future cooperation in various fields. This marks the beginning of a new

pliance are also integral to the supplier access and management standards. Suppliers are required to chapter for high-quality development in the mining industry.commit to strictly adhering to national laws regulations and industry norms. Suppliers that violate busi-

ness ethics laws and regulations or the Company's internal rules will be blacklisted and no purchasing

unit is permitted to conduct business with them. We continuously enhance the social responsibility

performance of our supply chain ensure supply stability and collaborate with partners to build a sustain-

able mutually beneficial industrial ecosystem.Implement responsible procurement

Dazhong Mining has established an open bidding system and developed regulations including the

Measures for Bidding Management to standardize procurement processes reduce costs and mitigate

risks. We adhere to the principles of fairness justice and transparency in procurement employing various

procurement methods such as competitive bidding price inquiry and comparison and strategic coopera-

tion while strictly implementing procurement plans. The Bidding and Procurement Department conducts

standardized training sessions at production units on a quarterly basis to promote adherence to procure-

ment norms.·Key Performance2025·

During the Reporting Period the signing rate of the Supplier Cooperation Commitment by suppliers

reached 100%.Industry Cooperation and Exchange

Dazhong Mining actively engages with partners through supplier conferences and regular technical

exchanges. These initiatives strengthen interaction with supply chain partners enhance consensus on

responsibility and compliance awareness and foster a more resilient competitive and sustainable

win-win supply chain ecosystem.Case Dazhong Mining Holds the 3rd Supply and Marketing Conference

In March 2025 Dazhong Mining hosted the 3rd

Supply and Marketing Conference in Xiamen

centered around the theme "Striving Forward

Together to Overcome Challenges". The confer-

ence brought together representatives from

106 enterprises. During the event 42 outstand-

ing suppliers and 20 strategic customers were

recognized for their contributions. Additionally

strategic cooperation agreements were signed

with 33 suppliers further strengthening and

expanding the Company's long-term stable

supply chain cooperation system.

83 84Safe Mines:

IV. Benchmarking for Quality Im-

provement

Dazhong Mining adheres to the development philosophy of

"Cherish Life Safety First" with the goal of creating a "safe

mine" as the core focus. We prioritize safe production above

all else in our operations. The Company has systematically

established a safety management system to ensure opera-

tional and product quality through professional expertise

strengthen safety foundations with solid investments and

safeguard employee health with proactive measures. We

continuously integrate safety responsibilities into the actions

of all staff to achieve steady sustainable development.Our Actions

Ensuring Product Quality

Strengthening Safety Defense

SDGs Responded in this Chapter2025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Assurance of Product Quality Strategy

51.15%

Dazhong Mining strictly complies with laws and regulations continuously enhances its quality manage- Dazhong Mining conducts in-depth identification of potential risks and opportunities in product quality

ment system and develops and implements a range of management protocols to ensure that raw materi- management and develops corresponding mitigation and enhancement strategies. Through continuous

als entering the factory and finished products leaving the factory meet quality standards. The Company optimization of its industrial structure and strengthening of core competitiveness the Company strives to

applies quality control throughout the entire product life cycle and business chain and adopts the lean achieve long-term sustainable development.TnPM management system to improve equipment efficiency and reinforce the foundation of product

quality. Additionally we strengthen our after-sales service capabilities to provide customers with Likeli-

high-quality consistently reliable service. Extent Duration Value Chain Potential Risk Type Description hood of Priority Occur- of of Links Ranking Financial Countermeasuresof Risk

Governance rence Impact Impact Impacted Impact

Enhance the accuracy

of geological explora-

Dazhong Mining strictly complies with the Law of the People's Republic of China on Product Quality the tion through the

Mineral Resources Law of the People's Republic of China and other relevant laws and regulations. In line Production adoption of advanced

with the GB/T 19001-2016 quality management system standard the Company has established internal disruption and Increase in technologies.protocols including the Measures for Management of Product Quality Standards and the Measures for quality issues due to non-oper- Regularly upgrade and

Management of Quality Control of Raw and Auxiliary Materials and Finished Products. These protocols inaccurate geologi- Short term ating costs maintain production equipment incorporat-

govern full-process quality inspections of incoming raw materials and outgoing finished products effec- Technolo- cal exploration Medium Operations and gy Risks Low High term Downstream Medium decrease ing automated and

tively mitigating quality risks. Moreover the Company has implemented a comprehensive full-chain qual- outdated mining and processing Long term in intelligent technologies

ity control system spanning geological exploration surveying mining and other stages ensuring that technologies and operating to boost efficiency and

production is scientific institutionalized and standardized. equipment failures. revenue product quality.Establish technical

We have established a Central Laboratory under the Control Center governed by the Measures for the failure emergency plans

Management of the Central Laboratory. The laboratory is responsible for developing product quality stan- to ensure rapid

dards and operating procedures conducting sampling inspection and quality monitoring of raw materi- recovery in case of production disruptions.als and finished products handling quality disputes and ensuring safe and orderly laboratory operations.Organizational Responsibilities for Quality Management Closely monitor market trends and

adjust product and

Central Laboratory under the Control Center Sales Department sales strategies

accordingly.Formulate and update the Management Measures for Apply deductions or require the Conduct thorough

the Quality Control of Raw and Auxiliary Materials and return of non-conforming mate- Increase in market research to Market demand non-oper- understand customer

Finished Products. rials based on contract quality shifts intensified ating costs needs and competitor

Inspect and test the quality of incoming and outgoing and measurement terms as well Market competition price and movements and

raw materials and finished products in accordance as the laboratory's testing data. Risk

volatility and Low Medium Short term Operations Medium decrease develop targeted

stringent customer competitive strategies.with established measures. in quality require- operating Improve product

Investigate and resolve quality disputes concerning ments. revenue quality and service

raw materials and finished products. standards to meet stringent customer

demands fostering

greater customer

satisfaction and

loyalty.System Certifications

As of the end of the Reporting

Period Dazhong Mining and its

subsidiaries Jinrisheng Mining

and Jinhui Rare Minerals have

obtained the ISO 9001 Quality

Management System Certifica-

tion certificates.ISO 9001 Quality Management ISO 9001 Quality Management ISO 9001 Quality Management

System Certification Certificate System Certification Certificate System Certification

87 of Dazhong Mining of Jinrisheng Mining Certificate of Jinhui Rare Mineral 882025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Likeli-

Oppor- Description of hood of Extent Duration Value Chain

tunity Opportunity Priority

Potential

Occur- of of Links Ranking Financial Countermeasures Impact Risk and Opportunity Management Type rence Impact Impact Impacted Impact

Closely monitor national 51.15% Dazhong Mining has established the Management Measures for the Quality Control of Raw and Auxiliary

policy developments to Materials and Finished Products to define risk identification processes evaluate potential risks imple-

understand preferential ment appropriate countermeasures and maintain an effective risk monitoring system. These measures

Government policies and support Opportuni- Reduced orientations. ensure consistent product quality protect the Company's reputation and support sustainable growth in

ties in support and

Compli- preferential

operating Actively apply for policy economic performance.policies for the costs and ance with Low Medium Short term Operations High

incentives to reduce

mining industry lower production costs and Policies

and Laws including tax

income tax improve profitability.incentives loan expenses Seize policy opportunities to

support etc. strengthen technological Risk Identification Risk Assessment Risk Mitigation Risk Monitoring innovation and industrial Measures and Control

upgrading enhancing

competitiveness.Comprehensively Investigate and Ensure that the quality Implement sample

Strengthen R&D and

innovation introducing identify risks includ- resolve quality of raw and auxiliary retention management

Emergence of new technologies and ing but not limited to disputes related to materials as well as for tested samples to

new technolo- Lower processes to improve potential quality raw and auxiliary finished products meets ensure traceability

Techno- gies processes production production efficiency and issues in purchased materials finished standards through throughout the retention

logical and equipment costs product quality. raw and auxiliary products and other sampling sample period. Upon completion

Opportuni- bringing Medium High Long term Operations High Increase in Invest in advanced innovation and equipment to enhance materials operational quality issues while preparation testing and of sample testing labora-ties operating

transformation revenue production automation and errors or equipment assessing the severity analysis. In case of tory technicians shall

to the mining intelligence. failures during and scope of their disagreement between complete the original

industry. Strengthen cooperation production and impact. the sales department testing records and

with universities and human or equipment and the inspection general analysis ledgers

research institutions for

joint technological mistakes in quality results a quality objec- which will be reviewed by

innovation and R&D. inspections. tion may be raised team leaders and super-

which will be resolved visors to ensure data

through arbitration by a accuracy.third-party testing

Expand domestic and

international markets institution.Growing demand understand demand and

in domestic and preferences in different Metrics and Targets

Market international Increase in markets and formulate

Opportuni- markets especially High High Medium Operations High operating targeted marketing

tiest rapid development term revenue strategies.in new energy new Strengthen product R&D Indicator Unit Targets Achievements in 2025

materials etc. and innovation to develop

new products and technol- First Pass Yield % 100 100

ogies meeting market

demand. Product Recall Rate % 0 0

Customer Satisfaction % 100 100

Strengthen product quality

High-quality management to ensure

products and Increased compliance with national

services can operating standards and customer

Reputation enhance the revenue requirements.Opportuni- Company's High High Medium Operations High and Provide high-quality

ties reputation and term reduced after-sales service and

attract more selling technical support to

customers and expenses resolve customer issues

partners. and improve customer

satisfaction.

89 902025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Quality Training

Product Control Measures Indicator Unit 2025

Number of Participants in Quality Training Person-times 810

Product Lifecycle Management 51.15%

Total Hours of Quality Training Hour 830

Dazhong Mining enforces strict full-lifecycle quality management to ensure that every step from raw mate-

rials to finished products meets high standards. Sessions of Quality Training Session 41

Lifecycle Quality Control Lean TnPM Management

Incoming Material Inspection Process Control Finished Product Inspection To enhance product quality management our subsidiary Jinrisheng Mining introduced the lean TnPM

(Total Productive Maintenance) management system and developed the Measures for the Management of

Standardize sampling sample Conduct fixed-point and TnPM Promotion and Implementation. Through full participation and continuous improvement the

preparation and testing of raw Release products for sales timed sampling and testing subsidiary optimizes equipment management processes reduces equipment failure rates and improves

materials ensuring results are such as iron concentrate at key production stages to equipment efficiency thereby indirectly ensuring and enhancing product quality.accurately and systematically only after passing inspec-monitor process quality in

recorded. tion. Responsible Marketingreal time.Dazhong Mining values customer experience and rights strictly adhering to the Advertising Law of the

People's Republic of China the Regulations on the Management of Advertising and other laws governing

Sample Storage Management of Non-Conforming marketing and promotion. The Company actively conducts responsible marketing eliminates false

marketing protects customer rights and provides customers with comprehensive high-quality services

Implement a comprehensive sampling Identify review and dispose of non-con- to high standards. During the Reporting Period no incidents of violations occurred within the Company

inspection system including internal forming products (e.g. return or isolation) concerning laws and regulations governing product and service information labeling or marketing com-

inspection mutual inspection and munications.and adjust processes based on feedback to

third-party external inspection retain- achieve closed-loop quality management. After-sales Service

ing samples for the specified period. Dazhong Mining has formulated and implemented the Measures for the Management of Non-Conforming

Products and the Measures for the Management of Sales Quality Objections. These policies standardize all

Full-Chain Business Quality Control aspects of customer service clarify responsibilities across all levels and units of the Company and define

in detail objection acceptance product re-inspection accountability objection handling analysis and

Our full-chain business quality control system spans across geology surveying mining mineral process- improvement and assessment requirements. This framework enables the Company to respond promptly

ing and product quality standards management forming a comprehensive quality control network. to customer feedback enhance customer satisfaction and maintain corporate reputation.Through detailed management measures we ensure standardized and scientifically sound operations

throughout mine infrastructure and production. Additionally we prioritize technological innovation and After-sales Service Process

quality management strengthen the management and risk prevention of outsourcing units and work to

improve construction quality while eliminating potential safety hazards. Objection Objection Account-ability Handling Analysis Assess-Acceptance Product Improve- Product ment and

Training on Product Quality Protocol and Commu- Re-Inspec- Definition ment and Recall Supervi-

nication tion and

and

During the Reporting Period Dazhong Mining and its subsidiaries organized a series of specialized training Resolution Settlement

Verification sion

sessions on laboratory management systems and standardized experimental operations. The training

effectively combined theory and practice strengthening laboratory management standards enhancing To further standardize customer satisfaction management fully understand customers' satisfaction with

professional skills of personnel and further improving the Company's laboratory quality control system. the Company's products and services reduce customer churn rate and improve customer satisfaction

the Company introduced the Measures for the Management of Investigation and Analysis of Customer

Satisfaction (Trial). This establishes a full-process management mechanism covering investigation statis-

tics analysis and improvement clarifies assessment requirements for responsible departments and

standardizes customer satisfaction survey practices.·Key Performance2025·

During the Reporting Period the Company issued 64 customer satisfaction questionnaires

achieving a 100% satisfaction rate with no customer complaints.Additionally we provided specialized training for the sales department focusing on enhancing complaint

response skills and service awareness thereby strengthening customer relationship management capa-

Boiler Water Testing Operation Training Water Quality Analysis Operation Training bilities and further enhancing customer satisfaction.

91 922025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Solidification of Safety Defense Line Strategy

Dazhong Mining upholds the safety philosophy of "Cherish Life Safety First" and adheres to the principle 51.15% Dazhong Mining systematically identifies potential risks and opportunities associated with underground

of safe production and operation. Safety concepts thinking knowledge skills and mindset are deeply operations and fundamental safety management. The Company has developed scientific and structured

integrated into our corporate culture and daily operations. With a strong sense of mission the Company response strategies to ensure the comprehensive protection of employees’safety and health.safeguards employees' occupational health and safety supports development through safety and estab- Likeli-

lishes a solid foundation for the high-quality and sustainable growth of the enterprise. Extent Duration Value Chain Potential Risk Type Description hood of Occur- of of Links

Priority Financial Countermeasures

of Risk

Governance rence Impact Impact Impacted

Ranking Impact

Inadequate identifi-

cation of hazard

Dazhong Mining strictly complies with the Law of the People's Republic of China on Work Safety the Law sources may result in

of the People's Republic of China on Prevention and Control of Occupational Diseases and other relevant workplace accidents Strengthen the

laws and regulations. The Company consistently implements the safety policy of "Safety First Prevention Technology including falls from management of the six Short term major mine hazard

Primarily Comprehensive Management" and has established a comprehensive set of safety management R i s k s M a r - height mechanical Low Medium Medium Operations Increase in High avoidance systems.systems including the Measures for the Management of the Full-Staff Work Safety Accountability System ket Risk injuries fires electric term operating shocks and slips or costs Enhance safety

the Measures for the Management of Occupational Health and the Measures for the Management of trips potentially education and training

Performance Appraisal for Work Safety Supervision and Inspection. We have formed a Work Safety Com- leading to the for operators and

mittee with the Chairman/General Manager serving as Director. The Chairman is the primary person shutdown of major relevant personnel.responsible for work safety and fully oversees production safety. A full-staff work safety responsibility facilities or critical

system is in place covering all aspects and levels with layer-by-layer accountability. The HSE Department equipment.is responsible for overseeing the implementation of the full-staff work safety responsibility system After the exposure of

conducting monthly and annual performance evaluations and administering rewards and penalties major accidents that Strengthen risk prevention and control

based on assessment outcomes. Our core management team possesses extensive experience across mine could result in in mining operations

exploration mining and processing smelting as well as construction and operational management. With significant casual-ties during opera- Short term Reduction establish and improve

a deep understanding of industry technologies and development trends the team demonstrates strong Reputa- tions stakeholders Low Medium Medium Operations Low in operat-tion Risks the safety responsibili-

strategic planning capabilities and efficient execution. may express term ing revenue ty system for each

negative evalua- position and actively

tions impacting the respond to stakehold-Our production bases in Inner Mongolia Anhui HSE Department Company's market ers' concerns.Hunan and Sichuan provinces have each estab- reputation.lished comprehensive work safety responsibility

systems and safety management frameworks. A

clearly defined safety management structure is in Likeli-

place with the General Manager serving as the Centers and Subsidiaries

Oppor- hood of Extent Duration Value Chain tunity Opportunity of of Links Priority

Potential

Financial Countermeasures

primary person responsible the leader in charge Departments and Branches 机T遇yp类e 型 机遇Ty描pe述 Occur- 应对措施rence Impact Impact Impacted

Ranking Impact

of work safety assuming overall accountability

and designated personnel and functional depart- Organizational Structure for Work Safety Management Adopting new

ments executing responsibilities at every level. The informatization and intelligent technologies to

upgrading of enhance the efficiency

occupational health of occupational health

and safety manage-

During the Reporting Period the Opera- and safety manage- Reduction ment strengthening

Company Jinrisheng Mining and tional ment processes will Opportu- enhance the Compa- High Medium Long term Operations Medium in operat- the intelligent

Jinhui Rare Mineral passed the nities ny’s overall manage- ing costs infrastructure of

certification of the ISO 45001 Occu- ment efficiency mines and leveraging

pational Health and Safety Man- reduce the occur- information technolo-

agement System. rence of health and

gy for real-time

safety incidents and monitoring and data

prevent large-scale analysis can ensure

financial expendi- safe production in

tures. mines and mitigate

IS0 45001 Occupational IS0 45001 Occupational ISO 45001 Occupational accident risks.Health and Safety Manage- Health and Safety Manage- Health and Safety Manage-

ment System Certification ment System Certification ment System Certification

Certificate of Dazhong Mining Certificate of Jinrisheng Certificate of Jinhui Rare

Mining Mineral

93 942025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Impact Risk and Opportunity Management ·Key Performance2025·

In terms of risk identification and assessment Dazhong Mining has established a major hazard source 51.15%

management system conducts regular safety risk identification and employs methods such as the Likeli- Incidence Rate of Occupational Diseases：0 %

hood Exposure Consequence (LEC) method for risk evaluation and classification. A Risk Classification Total Number of Work-related Injuries：4 Persons Work-related Injury Rate ：0.10 %

and Control List is formed based on which a "Risk Color Map" is created and on-site risk notice boards are

set up to achieve risk visualization. For identified risks the Company develops specific control measures Working Day Lost due to Work-related Injury：510 Days

and utilizes information tools such as the Dazhong Mining Safety Management System for tracking and

management. Injury Rate per Million Working Hours：0.48 %

Measures for Work Safety Management

Risk Identification Risk Assessment Risk Response Risk Monitoring

Safety Supervision and Inspection

Dazhong Mining and its subsidiaries have developed the Measures for the Management of Work Safety

Identify risk points Based on the identi- Develop appropriate risk Risk classification and Inspection. In alignment with the annual plan regular safety inspections are conducted which include

and hazard sources fied risk points and response measures control should follow the leadership-led inspections and seasonal special inspections. These inspections cover high-risk opera-for each operation hazard sources including engineering principle of “higher risk tions equipment safety and on-site contractor management.step or task across all calculate risk values technical measures requires higher levels ofwork activities using a combination management measures control”. Operational For hazard investigation and treatment the Company has formulated the Measures for the Management

establish work hazard of quantitative and training and education activities that are com- of Performance Appraisal for Work Safety Supervision and Inspection and the Management Measures for

analysis and assess- qualitative methods programs personal plex technically the Investigation and Treatment of Potential Accident Hazards. Routine hazard investigation is carried out

ment records and and assess risk levels protective equipment demanding high-risk or through various forms such as quarterly comprehensive inspections special inspections and daily inspec-

complete the Check- using the LEC method and emergency potentially have serious tions. Identified hazards are promptly addressed and managed through a closed-loop system. Additional-

list for Hazard Identifi- to determine major response procedures. consequences should be ly a safety management system is in place to enable full-process online tracking of hazards from registra-

cation Risk Assess- hazard sources and closely monitored. tion and issuance to rectification and verification.ment and Control. critical risks. By implementing a digital safety management system the Company enables online reporting and

closed-loop tracking of safety risks and hazards. The safety digital management platform facilitates

real-time monitoring and multi-level early warning of risk points major hazards and real-time data. The

Metrics and Targets design of synchronized large-screen (desktop) and mobile functions has been completed ensuring com-

prehensive intelligent data management with features of "rapid detection real-time monitoring

All mines under Dazhong Mining have established comprehensive targets for safety accident prevention advanced early warnings emergency response and system evaluation". This integrated system provides

occupational disease prevention safety education and work safety standardization. These targets are smart operation safety supervision effectively reducing the risk of safety accidents.incorporated into the annual assessment and reward system. Although we did not fully meet the expect-

ed work safety standards in 2025 we remain fully committed to improving our safety performance. We

will continue to enhance the safety system strengthen accountability and focus on ongoing improve-

ments.Indicator Targets Achievements in 2025

Eliminate fatal accidents explosions poisoning

Work Safety Accidents major fires major equipment accidents major Not achieved

environmental pollution accidents

Number of New Occupa- 0 0

tional Diseases

Rectification Pass Rate of

Potential Safety Hazards 100% 100%

Full-staff safety education

and training rate and

certification rate for special 100% 100%

operation personnel

Dazhong Mining Safety Management System

95 962025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Mine areas and production units regularly organize safety managers engineers and relevant personnel to Risk Prevention for Occupational Diseases

investigate potential hazards with comprehensive work safety inspections conducted monthly. General To address the potential occupational disease risks in mining such as those caused by exposure to

hazards are immediately rectified by the head of the mining area workshop or relevant personnel. Major dust radioactive substances and other toxic factors Dazhong Mining has developed comprehensive

hazards require the evacuation of personnel from the affected area and production or use must be management measures. Employees are provided with occupational disease protection products that

suspended. The principal person in charge formulates and implements a treatment plan and operations meet national occupational health standards with guidance on proper use and wearing in accor-

may only resume after passing acceptance. dance with established protocols. The Company has implemented robust protection facilities and

·Key Performance2025· systems standardized protective processes and installed equipment such as dust collectors and

noise detectors. Regular employee health check-ups are also organized to monitor overall well-being.During the Reporting Period the Company identified 54 major safety hazards and17066 In addition the Company maintains detailed occupational health monitoring files for each employee

100 documenting their work history exposure to occupational hazards health check-up results diagnoses general safety hazards achieving a safety hazard rectification compliance rate of %. and treatments. Employees who are at risk of or have experienced acute occupational disease hazards are

promptly provided with medical treatment or observation with all such cases recorded in the monitoring

files. Trade unions in all production units also play an active role in supervising employee health offering

recommendations on disease prevention and treatment addressing employee concerns and ensuring

the protection of their health and rights.Case Advancing Safety Standardization to Enhance Standardized Safety Management

To strengthen standardized safety management Dazhong Indicator Unit 2025

Mining organized special safety standardization inspections

across its factories and mines in Inner Mongolia. The Company Number of Employees Holding Special Operation Certificate Person 546

established a dedicated inspection team to carry out compre- Total Number of Special Operation Personnel Required to Hold

hensive assessments in strict accordance with relevant Permits for Special Operation Person 546

standards. The inspections covered safety management

systems on-site facilities and equipment personnel operational Permit Holding Rate for Personnel Engaged in Special Operations % 100%practices as well as risk identification and hazard investigation

and control. A detailed ledger was compiled clearly defining Investment in Work-Related Injury Insurance RMB 10000 882.47

rectification measures responsible personnel and completion

deadlines. Total Number of Personnel Required to be Covered by Work-Relat-

ed Injury Insurance Person 4225

The Chongxinji Mine in Anhui has concurrently advanced underground safety standardization

with a focus on four key elements: personnel environment quality and equipment. A visual Coverage Rate of Work-Related Injury Insurance % 100

management system for safety standards was established implementing visual kanban and

grid management. Normalized inspections and closed-loop control were achieved through the Investment in Production Safety Liability Insurance RMB 10000 122.92

integration of an information platform. As a result of ongoing efforts the operating environ-

ment of all factories and mines has become organized and orderly. Safety signage is clear pipe- Number of Employees Covered by Work Safety Liability Insurance Person 2650

lines are properly hung in accordance with standardized practices and equipment responsibil-

ity plates and operational procedures are consistently posted. Employees' safety awareness Number of Employees Participating in Medical Checkup Person 4225

and operational skills have significantly improved with safety concepts becoming deeply

ingrained in their daily work practices. Coverage Rate of Health Checkups among Employees % 100

Contractor Safety Management

To standardize and enhance the safety management and supervision of outsourcing projects as well

as to improve risk prevention eliminate potential hazards and prevent accidents Dazhong Mining

and its subsidiaries have established regulations such as the Measures for Safety Management in

Outsourced Mining Projects and the Measures for the Management of Production Outsourcing. The

HSE Department supervises the safety practices of contractors and their personnel ensuring compli-

ance with relevant safety standards. Contractors are required to provide three levels of safety educa-

tion for their employees: at the factory/mine level workshop level and team level. Through strength-

ened safety supervision and management the Company promotes the development of a self-regu-

lating mechanism for production safety among contractors.

97 982025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Management Measures for Occupational Health Safety Education and Training

Dazhong Mining regularly conducts both internal and external training on occupational health education.Safety Emergency Management The Company organizes multiple training sessions covering work safety regulations safe operating proce-dures emergency escape knowledge and more ensuring that employees are equipped with the neces-

Dazhong Mining strictly implements the Emergency Response Law of the People's Republic of China and sary knowledge for safe operations and certification for their respective roles. This approach continues to

the Measures for the Administration of Emergency Response Plans for Production Safety Accidents of the foster a deep-rooted safety culture within the mines. During the Reporting Period the Company hosted six

People's Republic of China. The Company has established relevant systems including the Measures for training sessions led by external experts and employees were sent to attend two external training

Emergency Management and the Emergency Response Plan for Production Safety Accidents and has sessions.developed emergency response plans and disposal schemes for various mine safety incidents such as

roof falls side wall collapses and blasting accidents. Each subsidiary has set up an emergency rescue Case Special Training on Work Injury Prevention to Strengthen the Safety Defense Line

organization tailored to its organizational structure clearly defining the responsibilities of each depart-

ment in project operation safety and emergency management. The Company and its production bases To align with the Company's goal of shifting from post-incident handling to proactive pre-incident

conduct regular annual emergency drills preparing detailed drill plans in advance and providing relevant prevention the Shujigou Mining Area of Dazhong Mining organized a specialized training session

training for participants. on work injury prevention which was delivered by external experts. The training focused on the

All mines under Dazhong Mining have implemented the Regulations on Leaders Accompanying Shifts development of a dual prevention mechanism emphasizing the interconnected nature of risk

Underground. Leaders from subsidiaries and mine areas take the lead in monthly underground inspec- identification and control as well as hazard investigation and management. Through the analysis

tions reinforcing on-site management promptly identifying and eliminating potential safety hazards of real accident cases participants were provided with valuable insights on improving their risk

and emphasizing the primary responsibility of mine safety management through practical action. prevention capabilities.·Key Performance2025·

D u r ing the Reporting Period the Company organized a total of 122emergency drills with

4963 participants.

Case “Safety Month” Event in 2025

During the 2025 Work Safety Month event Dazhong Mining launched a series of extensive safety activ-

ities centered around the theme "Everyone Pays Attention to Safety Everyone Can Respond to Emer-

gencies Identify Hidden Dangers Around You". All subsidiaries actively participated in this initiative

fostering a strong safety culture through various activities including launch ceremonies safety oaths

and banner signings. They also organized specialized safety knowledge training safety knowledge

competitions educational sessions on accident case warnings "hazard snapshot" activities and

emergency drills. These efforts were aimed at raising employees' safety awareness and fortifying the

safety production defense line.Training on Hazardous Chemicals Management Methods Special Training on Winter Health and First-Aid Skills

Safety Education and Training

Indicator Unit 2025

Total Investment in Safety Training RMB 10000 47.57

Total Safety Education and Training Sessions Session 1109

Participants in Safety Education Person-times 33325

Total Training Duration Hour 85860

"Safety Month" Event

Average Duration of Safety Training Hour/Person 20.32

99 100People-Oriented

V. Mines: Deepening Responsibility Ful-fillment

Dazhong Mining considers its employees the most valuable

asset and actively follows a people-oriented development

philosophy. We not only focus on employees' career growth

and long-term development but also strive to create a safe

healthy and inclusive workplace where everyone can

realize their personal potential. Moreover the Company

integrates mining operations with community develop-

ment. By supporting rural revitalization providing educa-

tional assistance alleviating poverty and fostering a

harmonious mining area we earnestly fulfill our social

responsibilities promoting the coordinated and sustain-

able development of employees the enterprise and

society.Our Actions

Promoting Talent Development

Fulfilling Social Responsibilities

SDGs Responded in this Chapter2025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Promotion of Talent Development Equal Employmentt

Dazhong Mining consistently strives to build a mining group that is recognized and valued by its employ- Dazhong Mining firmly upholds the principles of equal and ·Key Performance2025·

ees considering this as a core development vision. We uphold people-oriented principles and grow lawful employment. Discrimination based on gender age

together with our employees. We strive to attract outstanding and like-minded talent enhance our career race ethnicity religious belief or nationality is strictly During the Reporting Period the labor

development systems and create and share value with our employees. In addition to providing a support- prohibited in recruitment. Child labor illegal employment

and forced labor are completely forbidden. During recruit- contract signing rate reached 100% ive working environment the Company cares about employees' daily lives addresses their challenges

and fosters a happy and harmonious mining community. ment and employment processes applicants' identities and no incidents of child labor or forced

are verified through multiple channels to prevent the labor were reported in the Company or

Human Resources Management System employment of minors. its subsidiaries.Dazhong Mining strictly complies with the Labor Law of the People's Republic of China the Labor By Gender By Age The composition of employee

Contract Law of the People's Republic of China and applicable labor and employment regulations in the diversity is as follows

regions where our mines and factories operate. We have also developed an Employee Handbook outlin- 3777 796 1067 Key Performance：

ing basic management principles codes of conduct career development paths compensation and bene- As of the end of the Reporting Period

fits performance appraisal procedures and other key policies.Protection of Employees’ Legitimate Rights and Interests Dazhong Mining employed 1068

448 1294 full-time staff

Recruitment Male Female Under 30 (exclusive) Years Old 4225Persons

Guided by the principle of "appointing people on merit and matching talent to the right positions" the 30 (inclusive) to 40 (exclusive) Years Old

Company has implemented the Recruitment Management Measures (Trial) and actively recruits talent 40 (inclusive) to 50 (exclusive) Years Old ethnic minority employees

through various channels. Beyond standard campus and social recruitment we have established a robust 50 years old or above

internal referral system to encourage employees to recommend qualified candidates. To support this the 190Persons

Company has launched the "Talent Scout Award" rewarding employees who successfully refer outstand- By Employee Type By Specialty

ing talent to the Group with rewards scaled according to position level. The Company also provides 774 the proportion of total

employment support for veterans and people with disabilities. 136 55 employees43

3504.50%

By Gender By Recruitment Channel 19

New employees veteran employees

3039

1427 61 Key Performance： 4034 78Persons

93.88% 40.59% During the Reporting Period Production Personnel Sales PersonnelSenior Management

Technical Personnel the proportion of total Middle Management employees

93 233 New employees

Administration Personnel

670 Frontline Employees

6.12% 15.33% Financial Personnel 44.08% 1520 1.85%Persons By Educational Background By Region

Male Female On-campus recruitment Social recruitment 2266 employees with disabilities

Other Recruitment Channels active employees 38

resigned after one 11Persons

By Age year of service 858

the proportion of total

440 755Persons employees

28.95% Under 30 (exclusive) Years Old 1063 4225 0.26%

30 (inclusive) to 40 (exclusive) Years Old resulting in an attrition Employees with Master's Degree Chinese Mainland277 and Above

18.22% rate of 40 (inclusive) to 50 (exclusive) Years Old Employees with High School Diploma

labor dispatch employees

752 and Below

49.47% 51 50 years old or above 18.86% Bachelor's Degree College Degree 37Persons

3.36% Note: Senior management refers to employees at the level of Deputy Director and above.

Due to rounding the sum may not equal 100%.

103 1042025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Democratic Governance Compensation and Benefit

Dazhong Mining fully respects and safeguards employees' democratic rights in compliance with the law

including the right to information participation expression and supervision. The Company has estab- Remuneration Management

lished a Trade Union Committee in accordance with legal requirements and developed systems such as

the Charter of the Trade Union Committee and the Collective Bargaining Agreement. Under the leadership Dazhong Mining has established several systems including the Measures for Remuneration Management

of the Group Trade Union the Committee represents and protects employees' interests and operates the Measures for the Management of Remuneration Confidentiality and the Measures for the Manage-

independently within the bounds of the law. Employees are free to join the union on a voluntary basis. The ment of KPI Performance Appraisal and Incremental Work Quantitative Assessment. These systems are

Human Resources Department and the Trade Union Committee serve as the primary bodies responsible supervised and guided by the Human Resources Department and implemented by the human resources

for employee relations and communication. They provide support to employees in areas such as improv- teams across all subsidiaries.ing job satisfaction labor protection professional psychological counseling and handling complaints. In line with the principle of "salary based on position with salary adjustments corresponding to changes

Each year the Trade Union organizes democratic elections consultations decision-making processes in position grade and level" the Company has created a fair transparent and reasonable salary and

management oversight and supervisory activities involving employees in these key areas. The union also benefits system. To attract key senior technical and management talents crucial to the Company's

provides multiple channels for feedback such as employee groups and suggestion boxes to actively growth a special salary zone has been established for employees who exceed the standard salary for their

gather and respond to employee opinions and needs. This system ensures that the Trade Union is com- position. This initiative motivates employees to take greater initiative enhances their skills and perfor-

prehensive and dedicated to serving employees. To promote mutual understanding the Company regu- mance and ensures the continuous strengthening of the Company's core capabilities ultimately support-

larly updates employees on operational and management information through emails bulletin boards ing the achievement of long-term goals.meetings and other communication channels. ·Key Performance2025·

·Key Performance2025·

During the Reporting Period the average remuneration per employee was RMB 0.197 million

During the Reporting Period the Employee Congress reviewed and approved 4 proposals and with the total employee remuneration accounting for 19.28% of the operating revenue.Revenue

the Trade Union coverage rate reached 100%. per employee reached RMB 1.0218 million.Employee Satisfaction Survey Dazhong Mining strictly adheres to national laws and regulations regarding working hours and has imple-

·Key Performance2025· mented internal systems such as the Measures for Attendance Management and the Employee Hand-

During the Reporting Period the Company conducted regular book to safeguard employees' rights to rest and leave. The Company follows the standard 8-hour work-

satisfaction surveys for all employees to gather feedback on During the Reporting Period day and offers employees paid annual leave statutory holidays marriage leave maternity leave and

management corporate culture welfare development and employee satisfaction reached other types of leave. For certain positions in line with the nature of the work and production require-

other aspects. The survey data were then analyzed to optimize 100 ments the Company applies the comprehensive working hour system or unfixed working hour system as relevant systems and the working environment in a targeted %. per legal provisions. Any working hours beyond the statutory standard are considered extended working

manner with the aim of continuously improving organizational hours and overtime pay is provided in accordance with the relevant provisions of the Labor Law of the

efficiency and the overall employee experience. People's Republic of China.Protection of Rights and Interests Benefit System

Dazhong Mining fully protects employees' rights and interests. Employees are notified at least one month Dazhong Mining is dedicated to establishing a welfare system that meets the diverse needs of employees

in advance of labor contract terminations position adjustments or renewals and their opinions are enhancing their sense of happiness belonging and fulfillment. The Company provides social insurance

sought before any implementation. Discrimination based on ethnicity social class language religion for employees in compliance with relevant national laws and regulations.gender or age is strictly prohibited in employment salary training opportunities promotion dismissal Benefit System

or retirement. Human rights protection is a mandatory part of pre-job training for employees and security

personnel and is also included in supplier due diligence. Employees who believe their rights have been Five Social Insurance and One Housing Fund

infringed disagree with the Company's management measures or observe violations of company rules Basic Endowment Insurance Basic Medical Insurance Unemployment Insurance Work-Related Injury

may submit complaints through the appropriate channels in accordance with the complaint procedures. Insurance Maternity Insurance and Housing Provident Fund.The Company ensures the confidentiality of all complaints and strictly prohibits retaliation. In cases of

retaliation employees may contact the Trade Union Committee. Labor dispute complaints are handled

by the Labor Dispute Mediation Committee composed of representatives from the Trade Union and the Holidays Special Allowances

Human Resources Department. National statutory holidays marriage Academic and professional title allowances seniority

leave bereavement leave maternity subsidies wedding congratulations and condolence

For any labor disputes arising during the performance of labor ·Key Performance2025· leave and work injury leave. money.contracts employees may also appeal to their supervisors or the

responsible bodies (Trade Union Committee or Human Resources During the Reporting Period ·Key Performance2025·Daily Welfare

Department). The Company will arrange face-to-face consultations the social insurance cover-

with the Human Resources Department or department heads to 100 Commuting and transportation subsidies meal subsi- During the Reporting Period the expen-resolve issues through negotiation whenever requested by employ- age rate was % dies birthday benefits holiday and summer benefits diture on basic employee benefits was

ees. employee physical check-up plateau subsidies and RMB 16.9484million

underground dining services for employees working in

105 underground operations. 1062025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Performance Management

Dazhong Mining has implemented the Measures for the Management of KPI Performance Appraisal Care for Employee ·Key Performance2025·

and Incremental Work Quantitative Assessment (Trial). Employees' monthly salaries are based on the Assistance for Employees in Difficulty

results of the KPI performance appraisal and incremental work quantitative assessment. Those who During the Reporting Period the Company

complete tasks beyond their normal duties are eligible for additional incremental wages outside the Dazhong Mining maintains continuous attention

standard salary. The Company conducts fair and objective departmental and individual performance to disadvantaged employees and has developed a provided assistance to a total of 120 disad-

appraisals for all employees on an annual basis. Promotions to higher salary grades are directly linked series of support measures tailored to the Compa- vantaged employees with the total amount

to annual performance appraisal results. For senior executives salaries are tied to key performance ny's characteristics and employees' needs steadi-

indicators such as net profit production output safety and environmental protection. The salaries of ly advancing employee relief work and effectively reaching RMB 0.2159 million.directors supervisors and senior executives are publicly disclosed annually. resolving employees' difficulties.Employees who have questions or disputes regarding the appraisal results or process are encouraged

to communicate with their appraisers promptly. If disagreements persist after such communication Support Measures for Disadvantaged Employees at Dazhong Mining

employees may appeal to the Company's Operations Management Center or the human resources

and enterprise management departments of each business unit. Employees who have concerns Establish files for disadvantaged employees

about salary payments must submit their appeal to the Human Resources Department within one

month after payment. The department will provide a clear response within one week. The Trade Union maintains files for disadvantaged employees to track their family financial and health conditions providing a foundation for targeted assistance.Employee Activity and Employee Care Conduct regular home visits and offer support

The Trade Union regularly visits disadvantaged employees to understand their difficulties and needs

Dazhong Mining is committed to employee care. While maintaining a sound working environment the providing appropriate help and support.Company also pays close attention to employees' daily lives. Through continuous employee care and

support for disadvantaged employees the Company continuously improves employee satisfaction and

happiness building a mining community truly recognized by our employees. Assiaat with applying for social support

Employee Activities The Trade Union helps disadvantaged employees apply for social assistance offering allowances and relief to alleviate hardships. This includes unemployment insurance financial aid disaster

To ensure employees can relax and recharge after intensive work the Company and its subsidiaries relief and other forms of support.actively organize a variety of cultural and sports activities to enrich spare time enhance team cohesion

and promote integration. In 2025 the Company and its subsidiaries organized employee sports games

square dance competitions youth fellowships and other engaging activities. Additionally the Company Build an employee assistance and mutual support platform

provides a variety of recreational and sports facilities for employees to stay active and relax including The Trade Union organizes internal and external resources through an assistance platform provid-

basketball and badminton courts billiard rooms running tracks and so on. ing support in employment consultation entrepreneurship guidance skills training and other

areas.Establish an employee care fund

The Company has created anaemployee care fund to support disadvantaged employees and their

families enhancing corporate cohesion and solidarity. Activities include hardship relief compas-

sionate donations charitable contributions and consolation visits.Staff Activity Room Double Festival Fun Sports Games

The Family of an Employee Presented a Silk Banner to the Company

Cultural Performances Double Festival Fun Sports Meeting

107 1082025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Protection of Female Employees' Rights and Interests Employee Training and Development

Dazhong Mining places great importance on protecting the rights and interests of female employees. The

Collective Bargaining Agreement and Employee Handbook clearly stipulate that female employees are

entitled to 158 days of maternity leave for normal childbirth (including 15 days of prenatal leave); no over- Dazhong Mining follows a talent-centered development strategy and is gradually building a comprehen-

time or night shifts are assigned to employees who are more than seven months pregnant; and breast- sive standardized and efficient talent training system. The Company aims to enhance employees' knowl-

feeding employees are provided with 1 hour per day for nursing (with an additional 30 minutes for each edge professional skills overall competencies and career development to ensure steady healthy and

extra child). It is prohibited to arrange for female employees to engage in work down the pit of mines or sustainable growth laying a strong talent foundation for long-term success.work with Grade IV physical labor intensity as prescribed by the State or other work forbidden to women. Employee Training

In areas such as training selection professional and technical evaluation and promotion the Company

adheres to the principle of gender equality and enforces equal pay for equal work for both men and Committed to talent development the Company has established systems such as the Measures for the

women. Dazhong Mining is committed to building a fair and inclusive workplace ensuring equal career Management of Employee Training and the Measures for the Management of Part-time Internal Trainers

development opportunities and equitable salary treatment for all employees regardless of gender. alongside a multi-dimensional training framework covering pre-job on-the-job promotion and special-

ized skill enhancement programs. The Human Resources Department oversees top-level system design

Case International Women's Day Multi-Faceted Care for Female Employees implementation annual planning and budgeting digital platform management organization of major and specialized training and guidance and inspection of training activities in subsidiaries.During International Women's Day 2025 Dazhong Mining and its subsidiaries implemented a The Company has built a professional internal trainer team and conducts training through the Dazhong

series of care activities for female employees. The Company distributed holiday gift boxes and Mining Online Learning Platform offering high-quality courses. Training resources are continuously

arranged special rest breaks while affiliated units organized distinctive activities such as fun expanded and optimized and the curriculum is carefully designed to meet the specific needs of employ-

sports events legal and health lectures themed flower arrangements and customized care ees at different levels and roles. In addition to various training programs employees are encouraged to

packages. Furthermore the Company's Women's Federation organized free "two-cancer" pursue further studies at colleges or professional institutions. Graduation or completion certificates can

screenings for female employees over 35 years old promoting women's health through practical be submitted to the Human Resources Department for record-keeping serving as a reference for internal

actions and demonstrating respect and care for female employees. job transfer and talent selection.Based on the development of university-educated talent within the Company Dazhong Mining has estab-

lished a well-developed "mentor-mentee" system pairing experienced senior miners and technical

experts with younger employees. To support this an incentive and accountability structure has been put

in place including monthly mentoring allowances for mentors and recognition for "Star Mentors". Clear

assessment criteria are applied to employees who fail to meet training standards and mentors are jointly

responsible for their mentees' safety and adherence to company policies. This system fosters the growth

of new employees and establishes a solid foundation for building a talent pipeline.Dazhong Mining Employee Training System

Training for New Employees On-the-job Training

Care for Employees’ Mental Health On-the-job Training Promotion Training

Dazhong Mining and its subsidiaries are equipped with psychological counseling rooms to provide a dedi- Orientation Induction

cated channel for employees' mental health guidance. The Company regularly conducts mental health Training Training Special short-term Training Specialized Lectures

education activities. The Trade Union also offers supportive psychological counseling and care to help Personal Further Studya External Training

enhance employees' mental resilience and foster a positive mindset.·Key Performance2025·

Investment in Training : RMB 0.1375 million

Training Sessions : 1285 Sessions

Total Number of Employees Trained : 33100 Person-times

Total Duration of Employee Training : 94167.97 Hours

Average Training Duration Per Employee : 22.29 Hours

Free Medical Consultation Services Sichuan Dazhonghe's Visit to Drilling Camps to

109 Offer Special Double Festival Greetings 1102025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Case 2025 University Graduate Induction Training Strengthening the Talent Echelon Co-building of a Harmonious Society

In 2025 Dazhong Mining conducted a systematic induction

training program for university graduates. The Human Dazhong Mining actively fulfills its social responsibilities. ·Key Performance2025·

Resources Department in collaboration with subsidiaries While pursuing growth and expansion the Company is

carefully designed a comprehensive curriculum. By combin- committed to giving back to society supporting public During the Reporting Period social contri-

ing internal leadership guidance with external expert welfare and promoting charitable causes—putting into

lectures and integrating theoretical teaching with practical practice the profound meaning of "striving for progress bution per share was 1.38 Yuan.exercises new employees were able to quickly clarify their when prosperous". Furthermore we actively support the

career paths and integrate into the corporate culture. The national rural revitalization strategy seize new opportuni- Note: Social contribution per share = (Net profit + taxes

training spanned two months across five sessions covering ties under the high-quality development stage of the "Belt paid to the government + wages paid to employees +

a total of 451 participants. This initiative effectively injected and Road Initiative" and continuously create value for the loan interest paid to creditors + donations and other

high-quality new talent into the Company supporting the nation society and the public. value created for stakeholders social costs caused by

development of a robust talent echelon and contributing to environmental pollution) ÷ Total share capital.sustainable growth.Promotion and Development Community Relations Management

Dazhong Mining has established a series of systems including the Measures for the Management of Posi-

tion Rank and Career Development and the Management Measures for the Grade Evaluation of Profession- Dazhong Mining actively fosters harmonious and stable community relations guided by the principle of

al Technical Titles. These systems offer employees a clear development path combining both vertical "developing together with local areas and sharing a common destiny with the people". Through a

promotion and horizontal career transition opportunities. long-term communication mechanism and an established coordination system community needs are incorporated into corporate decision-making ensuring that project development and community growth

proceed in parallel. We are committed to leveraging our resources to drive community development

Management and Professional Sequences continuously promoting local economic prosperity improving infrastructure and increasing employment and income opportunities. We diligently fulfill our corporate citizenship responsibilities and collaborate

Vertical Employee → Supervisor → Department Head → Executive with communities to create a sustainable long-term win-win model of harmony.Development

Technical Positions Practicing Charity and Public Welfare

Horizontal Development Path through Technical Title Evaluation:

Development Technician → Assistant Engineer (Level II I) → Engineer Since its establishment Dazhong Mining has consistently focused on charity and public welfare demon-

(Level III II I) → Senior Engineer (Level III II I) → Chief strating corporate social responsibility through tangible actions. The Company supports public welfare

Senior Engineer initiatives and instills the traditional Chinese virtue of "striving upward and doing good deeds" into its

operations.Operation and Maintenance Sequences ·Key Performance2025·

Horizontal

Development Development through Skill Evaluation: Junior Worker → Intermediate Worker→ Senior Worker Total Investment in Social Welfare ：RMB 6.5689 million

→ Technician (Level III II I) → Senior Technician

(Level III II I) Participations in Public Welfare Activities： 12 Times

Career Development System of Dazhong Mining Number of People Assisted ：143 Persons

Indicator 2025 Number of Participations in Volunteer Service： 609 Person-times

Number of Employees Undergoing Internal Transfers or

1198 Total Duration of Volunteer Service ：1650 HoursApplying for Internal Positions

Percentage of Employees Undergoing Internal Transfers or Average Duration of Volunteer Service ：0.39 Hours

Applying for Internal Positions 29.93%

Number of Female Senior Executives 5

Proportion of Female Senior Executives 9.09%

111 1122025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Case Support for Education and Charity Initiatives in Linwu County Hunan Province

We donated RMB 0.5 million to the Hunan Char-

ity Federation and Education Foundation to

support education development charity assis-

tance and grassroots governance improve-

ments in Chujiang Town and surrounding areas

of Linwu County Hunan Province. This contri- Blood Donation for Public Welfare

bution provides crucial educational support for

sustainable rural development.Case Support for Desertification Control and Ecological Restoration in Mining

Areas in Inner Mongolia

Dazhong Mining also donated RMB 2 million to the Inner Mongolia Desertification Prevention

and Control Foundation for comprehensive sandy land treatment carbon-neutral forest

construction and related scientific research. In addition the Company continues its annual tree

planting and greening efforts in its mining areas supporting regional ecological restoration and

green development.Warming Huoqiu by Spreading Love to Every Family Jinrisheng Mining Launches "Charity One-Day Donation" Activity

Support Rural Revitalization

Land Reclamation Initiative Tree Planting Activities in the Shujigou Mining Area Over the years Dazhong Mining has actively aligned with the national rural revitalization strategy and

fulfill corporate social responsibilities. We have integrated our development with the improvement of

local livelihoods and the promotion of regional coordinated development. In particular we have continu-

ously strengthened our efforts in key strategic regions such as Hunan and Sichuan actively recruited local

Case Support for Post-Flood Reconstruction in Urat Front Banner employees and engaged deeply in local community development. Through these initiatives we have

effectively improved the living standards of local residents and contributed in practical ways to advancing

In response to the severe flood disaster in rural revitalization and coordinated regional development.Wulate Qianqi Dazhong Mining quickly

acted by donating RMB 1 million in special Dazhong Mining continues to strengthen our efforts in areas such as industrial support infrastructure

disaster relief funds to the Red Cross and development and talent cultivation and systematically implement multi-dimensional livelihood projects

organizing employee donations. This aimed at addressing urgent needs in rural areas such as dilapidated house renovation road construction

swift action demonstrated our commit- water conservancy facility maintenance and emergency disaster relief. These initiatives aim to enhance

ment to post-disaster reconstruction and rural infrastructure and ensure the well-being of local communities. In addition the Company supports

our strong sense of corporate social the integrated development of local culture sports and industries contributing to the cultural prosperity

responsibility. and economic vitality of rural areas. We actively explore a sustainable path of enterprise-local co-con-struction resource-sharing and win-win development playing a key role in rural revitalization and the

promotion of high-quality regional economic development.

113 1142025 Environmental Social and Governance (ESG) Report Safe Mines: Benchmarking for Quality Improvement

Supporting Cultural Inheritance and Regional Development Strengthening Livelihood Foundations and Building Harmonious Communities

Donated RMB 0.9824 million for the installation of outdoor publicity screens at Barkam Jiarong Organized professional technicians to provide free power line installation and safety inspection

Pedestrian Street providing a platform for Barkam City to showcase its regional characteristics services for Xiaojinggou Village ensuring electricity safety and improving living convenience.and promote cultural tourism. Built enterprise-public shared roads and donated 0.075 tons of sand and gravel to local govern-

Sponsored RMB 0.19 million for the traditional Guozhuang Festival folk activities in Baiwan ments for the construction of surrounding rural roads.Township Barkam City supporting the protection and inheritance of ethnic cultural heritage. Implemented the drinking water safety improvement project in Seli Village ensuring safe drink-

ing water through pool purification and long-term management.Invested RMB 0.8 million in new rural construction in Yafutang Village including RMB 0.5 million

for house renovation and RMB 0.3 million for rural public welfare development.Barkam Guozhuang Festival Sponsored Outdoor Public Information Display Screen Donated and Installed

by Sichuan Dazhonghe by Sichuan Dazhonghe on Jiarong Pedestrian Street in Barkam

Linking Industrial Resources to Boost Local Economy

Road Rescue Operations in Sichuan Dazhonghe:

Invested over RMB 0.6 million to sponsor large-scale events such as the "Hunan Rural Dragon Shujigou Power Support: Ensuring a Stable Safeguarding Safe Travel for Villagers

and Lion Championship" "Linwu County Beautiful Rural Basketball Tournament" and "Inter- Power Supply for Local Residents

national Mineral and Gem Expo" indirectly boosting local consumption and industrial growth.Utilized our Anhui Jinrisheng Iron Mine Cultural Expo Park to host research and study events

promoting the integration of industry cultural tourism and education for local industrial

development.Support for Road Construction at Shanpiangou Pyrite Mine

Water Supply Pipelines at Sichuan Dazhonghe Jiada Lithium Mine:

Addressing Water Shortages for Local Communities

·Key Performance2025·

Rural Dragon and Lion Dance Championship in Hunan Harmonious Rural Basketball Tournament in Linwu County Total Investment in Rural Revitalization ：RMB 3.4106 million

People Benefiting from Rural Revitalization ：169 Persons Rural cadres ：6 Persons

Rural returnees： 20 Persons Rural children ：48 Persons Rural elderly ：52 Persons

Others ：43 Persons

115 1162025 Environmental Social and Governance (ESG) Report Future Prospects

Forging Ahead in Business Building a Diversified Pattern. We will fully promote the industrial develop-

Future Prospects ment of strategic resources led by iron and lithium and concentrate superior resources to accelerate the construction and production of key projects. We strive to achieve major breakthroughs in resource

conversion efficiency the application of key technologies and market expansion. With a more open mind-

set we will deepen strategic cooperation with scientific research institutions industry leaders and chain

partners build a symbiotic and win-win industrial ecosystem and translate resource advantages into

tangible competitiveness and economic benefits.Standing at a new starting point in 2026 Dazhong Mining will continue to uphold its development

vision of "a mining group recognized by its employees renowned in the industry and respected by Life First Safety Paramount. We will continue to build "safe mines" adhere to the philosophy of "Cherish

society" and deeply integrate the concept of sustainable development into the Company's strategy Life Safety First" and establish a robust production safety system through intelligent and systematic

and entire operation. With clearer strategic goals and a grand blueprint we will steadfastly advance measures to safeguard employees' occupational health and safety.toward a new journey of high-quality development fostering a multi-wheel-driven growth pattern

built on the solid foundation of iron ore. Caring for People Sharing Development. We adhere to a people-oriented approach improve the

employee training and development system and foster an inclusive diverse and positive workplace. We

Strengthening the Foundation Improving Quality and Efficiency. We will continue to refine our modern will also integrate more deeply into community development support rural revitalization and community

corporate governance structure further enhance the ESG governance system strengthen risk control prosperity through industrial assistance joint infrastructure development charitable initiatives and other

uphold business ethics and continuously improve corporate governance transparency and investor means fulfilling the corporate aspiration of "common prosperity".confidence.With the blueprint laid out the time has come to set sail; with heavy responsibilities upon us we must

Striving for Green Sustainable Development. We will firmly practice the philosophy of safe green and press forward with greater resolve. Supported by our profound experience clear strategy and united

harmonious development embedding environmental protection into the very fabric of corporate growth. teams we will surely compose a magnificent chapter of green transformation amid the roar of machinery

By continuously advancing the construction of green mines and the application of low-carbon technolo- and illuminate the bright future of sustainable mining development with the light of responsibility!

gies we will protect lucid waters and lush mountains to higher standards achieve the harmonious coexis-

tence of resource development and ecological conservation and make green a defining feature of

high-quality development.

117 1182025 Environmental Social and Governance (ESG) Report Appendix

Appendix Self-Regulatory Sustainability Reporting Standards Guide to Corporate Guidelines No. for

Chapters and Sections of the Global Report- Sustainability

Companies Listed on Stock Exchange-Relat-

Reporting in China Shenzhen Stock ed Topics

Indexes ing Initiative (CASS-ESG .) Exchange—Sustain-(GRI Standards) ability Report (For Trial

Implementation)

E1.1.1/E1.1.2/E1.1.3/E

Self-Regulatory Response to Articles 21 22 201-2/305-1/305-2 1.1.4/E1.1.5/E1.1.6/E1

Sustainability Guidelines No. for Climate Change .1.7/E1.1.8/E1.1.13/E1 23 24 25 26 27

Response to Climate

Reporting Standards Guide to Corporate

/305-4/305-5 Change

Sustainability Companies Listed on.1.14/E1.1.15/E1.1.16/ and 28

Chapters and Sections of the Global Report- Stock Exchange-Relat-

ing Initiative Reporting in China

Shenzhen Stock E1.1.19

Exchange—Sustain- ed Topics

(GRI Standards) (CASS-ESG .) ability Report (For Trial

Implementation) E2.1.1/E2.1.2/E2.1.3/E2.Enhancement of 305-6/305-7/306-1 1.5/E2.1.6/E2.1.7/E2.1.8 Environmental Compliance Articles 29

Environmental /306-2/306-3/306- /E2.1.9/E2.2.1/E2.2.2/E2 Management

About this Report 2-1/2-2/2-3 P1.1/P1.2 Articles 4 and 6 / 30 31 and Management 4/306-5 .2.3/E2.2.4/E2.2.5/E2.2. Pollutant EmissionsGreen 33

6/E2.4.1/E2.4.2/E2.4.3/E Waste DisposalMines:

Message from the Fostering 2.4.4

Chairman / P2.1 / / Ecological

Integration

Sustainable Develop- Improvement of 302-1/302-2/302-3

E3.1.1/E3.1.2/E3.1.3/E3.

1.4/E3.1.5/E3.2.1/E3.2.2 Energy Utilization

ment Highlights in 2025 / / / / Resource /302-4/302-5/303- Articles 35 36 and Water Resource Utilization

Efficiency 1/303-2/303-3/303

/E3.2.3/E3.2.4/E3.3.1/E3.3.2/E3.3.3/E3.3.4/E3.3. 37 Circular Economy-4/303-5

About Dazhong Mining 52-1/2-6/2-8 P3.1/P3.2/P3.3 / /

Practice of Green Energy UtilizationArticles 35 36 and

ESG Governance 2-14 G1.1.1/G1.1.2/G1.1.4/ Articles 11 and 12 / Operations

306-2 E3.1.5/E3.2.3/E3.3.4 Water Resource Utilization

37

Mechanism G1.1.5/G1.1.6 Circular Economy

Construction of 304-1/304-2/30

ESG Strategy and Articles 11 and 13 Green Mines 4-3 E2.3.1/E2.3.2/E2.3.3 Article 32

Protection of Ecosystem and

Target Progress 2-24/3-3 G1.1.7/G1.1.11 /

Biodiversity

Promotion of S2.1.1/S2.2.2/S2.1.3/S2.1.4/S2.1.5/S2.1.6/S2.1.7/ Article 42 Innovation-driven DevelopmentESG Risk 203-1

Sustain- / G1.1.8 Articles 11 and 18Management / Intelligent

Smart Operations S2.1.10/S2.1.12/S2.1.13 Science and Technology Ethics

ability Mines:

Manage- Empower- Protection of Data 417-2/417-3/41 S3.4.1/S3.4.2/S3.4.3/S3. Data Security and Customer

ment ESG Training and Article 48

Promotion 2-17 G1.1.3 Article 12

ing with Security 8-1 4.4 Privacy Protection

/ Digital

Intelligence Responsible 414-1/414-2 Supply Chain Safety

Communications Communications with Supply Chain /308-1/308-2 S3.1.2/S3.1.3/S3.1.4 Article 45 Equal Treatment of Small and

with Stakeholders 2-16/2-29 G1.3.1/G1.3.2 Aaticles 9 and 53 Stakeholders Medium-Sized Enterprises

Management of

Article 5 Safe Mines:

Assurance of

416-1 S3.3.1/S3.3.2/S3.3.4/ Article 47

Safety and Quality of

Material Tops 3-1/3-2/3-3 G1.1.9 Due Diligence Bench- Product Quality S3.3.5 Products and Services

marking for

Special Feature: "Lithium"

Vision for a New Era — Innovation-driven Develop-

Quality

Solidification of 403-1/403-2/403-3

ment Improve- /403-4/403-5/403- S4.2.1/S4.2.2/S4.2.3/S4. EmployeesDazhong Mining’s Path to Article 50413-1/413-2 E3.3.2/S2.1.13 Articles 37 and 42 ment Safety Defense Energy Utilization 6/403-7/403-9/403 2.4/S4.2.5/S4.2.6Breakthrough in the Line -10

Lithium Industry Circular Economy

Deepening of S4.1.1/S4.1.3/S4.1.4/S4.Party Building / / / / People-Ori- Promotion of 401-1/401-2/404-1 1.5/S4.1.6/S4.1.7/S4.1.8

Leadership ented Talent Develop- /404-2/405-1/405- /S4.1.9/S4.1.11/S4.1.12/ Article 49/50 Employees

Mines:

Improvement of ment 2 S4.3.1/S4.3.2/S4.3.3/S4.Compli- 2-9/2-11/2-12/2-1 Deepening

ant Corporate Gover- 3/2-18/2-19/2-20/ / / /

3.4/S4.3.5/S4.3.6

Responsi-

Opera- nance 2-27/405-1 bility

tions: Protection of Fulfillment Co-building of a S1.1.2/S1.1.3/S1.2.1/S1.Strength- Investors’ Rights Harmonious Article 39/40

Rural Revitalization

2-16/2-27/201-1///

413-1 2.2/S1.2.3/S1.2.4/S1.2.6

Society Social Contributionening and Interests

Gover-

nance Enhancement of 2-22 A1 / /

Risk Managemen 207-1/207-2 / / /

Future Prospects

Founda-

tions Anti-Commercial Bribery Indexes / A3 Article 57 /

Adherence to 2-23/2-27/205- G2.1.1/G2.1.2/G2.1.3/G2.1.5G2.1.6/G2.1.7/ Articles 55 and 56 and Anti-Corruption and AppendixBusiness Ethics 2/206-1 FeedbackG2.2.2 Anti-Unfair Competition Form 2-26 A6 Article 9 /

119 1202025 Environmental Social and Governance (ESG) Report Appendix

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