Group 1 - The stock price of *ST San Sheng (002742) closed at 4.8 yuan, down 3.03%, with a turnover rate of 4.16% and a trading volume of 179,700 hands, amounting to 87.37 million yuan [1] - The net outflow of main funds today was 15.92 million yuan, accounting for 18.23% of the transaction amount, with large orders seeing a net outflow of 9.31 million yuan (10.66%) and 6.61 million yuan (7.57%) respectively [1] - The latest financial report shows that the total operating revenue for the first quarter of 2025 was 235 million yuan, a year-on-year decrease of 32.52%, and the net profit attributable to shareholders was 82.38 million yuan, down 132.59% [1] Group 2 - Chongqing San Sheng Industrial Co., Ltd. was established in 2002 and is primarily engaged in the non-metallic mineral products industry, with a registered capital of 432 million yuan and paid-in capital of 72.16 million yuan [1] - The company has made investments in 21 enterprises and participated in 69 bidding projects, holding 53 trademark registrations and 70 patents, along with 114 administrative licenses [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） 有關 延遲刊發2024/25年年度業績 及 繼續暫停買賣 之補充公告 本公告由復興亞洲絲路集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.09條以及 香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則） 作出。 茲提述(i)本公司日期為2024年9月3日的公告（「24年9月公告」），內容有關就本集團欠 付蔡先生的逾期貸款而向本公司發出的傳訊令狀；(ii)本公司日期為2025年1月14日 的公告（「25年1月公告」），內容有關（其中包括）湖南西澳的相關股東發出的函件，當 中提述本公司已失去對湖南西澳的控制權；及(iii)本公司日期為2025年7月2日的公告 （「延遲公告」），內容有關（其中包括）延遲刊發2024/25年年度業績。除另有界定外， 本公告所用詞彙 ...

Group 1 - The Hang Seng Index rose by 1.63% to close at 24,181.43 points on June 9 [1] - Fuxing Asia (00274.HK) closed at HKD 0.71 per share, up 43.43%, with a trading volume of 15.06 million shares and a turnover of HKD 9.32 million, showing a volatility of 63.64% [1] - Over the past month, Fuxing Asia has seen a cumulative increase of 59.68%, but a year-to-date decline of 51.11%, underperforming the Hang Seng Index by 18.61% [1] Group 2 - For the fiscal year ending September 30, 2024, Fuxing Asia reported total revenue of HKD 304 million, a year-on-year increase of 309.94%, and a net profit attributable to shareholders of HKD -21.82 million, a year-on-year increase of 1.05% [1] - The gross profit margin stands at 2.79%, with a debt-to-asset ratio of 62.25% [1] - Currently, there are no institutional investment ratings for Fuxing Asia [2] Group 3 - The average price-to-earnings (P/E) ratio for the gold and precious metals industry is 33.2 times, with a median of 29.96 times [2] - Fuxing Asia has a P/E ratio of -1.01 times, ranking 14th in the industry [2] - Other companies in the industry include Zijin Mining (02899.HK) with a P/E of 12.59 times, Long Resources (01712.HK) at 13.19 times, and others with varying P/E ratios [2] Group 4 - Fuxing Asia Silk Road Group Limited primarily engages in mining and cosmetics businesses, operating through two main segments: mining products and cosmetics and skincare products [2]

Core Viewpoint - Three A-shares are set to remove their delisting risk warnings, indicating improvements in their fundamentals through various strategies such as focusing on core businesses and restructuring efforts [1][10][11] Group 1: Company Announcements - *ST Nongshang announced that its stock will remove the delisting risk warning and change its name to "Nongshang Environment," with trading resuming on May 23, 2025 [1][7] - *ST Jinshi will also remove its delisting risk warning and change its name to "Jinshi Technology," with trading resuming on May 23, 2025 [1][10] - ST Shilong will remove other risk warnings and change its name to "Shilong Industry," with trading resuming on May 22, 2025 [1][3] Group 2: Financial Performance and Compliance - ST Shilong faced penalties for false trade activities that inflated revenue and profits in 2019 and 2020, leading to a risk warning in 2024 [3][4] - ST Nongshang reported a 2024 revenue of 218 million yuan and a net asset of 524 million yuan, with a standard unqualified audit report [7][8] - *ST Jinshi reported a 2024 net profit of -1622.48 million yuan and a revenue of 370 million yuan, while also divesting its subsidiary to improve its financial position [11][12] Group 3: Strategic Actions - Companies are adopting various strategies such as asset optimization and business transformation to enhance their operational capabilities and remove risk warnings [1][11][12] - ST Nongshang has focused on developing its computing power service business, which generated 108 million yuan in revenue, accounting for 46.66% of total revenue [8] - *ST Jinshi has implemented a strategic transformation by investing in new production lines for energy storage systems and has reported significant revenue from these new ventures [12]

Group 1 - ST Shilong announced that it will remove the other risk warning from its stock starting May 22, changing its name from "ST Shilong" to "Shilong Industrial," while the stock code remains "002748" [2] - Following the removal of the risk warning, the daily price fluctuation limit for the stock will increase from 5% to 10% [2] - The stock will be suspended for trading on May 21 and will resume trading on May 22 [2] Group 2 - ST Shilong received an administrative penalty notice from the Jiangxi Regulatory Bureau of the China Securities Regulatory Commission (CSRC) on March 12, 2024, for falsely inflating revenue and profits through non-existent trade activities from 2019 to 2020 [5] - The company has restated its financial reports for the affected years and received an unqualified audit report [5] - As of May 17, 2024, the stock was subjected to "other risk warnings" again, reverting to "ST Shilong" [5] Group 3 - ST Shilong is a comprehensive chemical enterprise primarily engaged in the research, production, and sales of chemical products such as AC foaming agents, thionyl chloride, chlor-alkali, hydrazine hydrate, and hydrogen peroxide [6] - In the first quarter of 2025, the company reported revenue of 507 million yuan, an increase of 8.32% year-on-year, and a net profit attributable to shareholders of 24.17 million yuan, up 342.56% year-on-year [6][7] - As of May 20, the stock price closed at 9.18 yuan per share, with a total market capitalization of 2.2 billion yuan [8]

Financial Position - As of September 30, 2024, the company's cash and bank balances were approximately HKD 6.8 million, down from HKD 10.1 million as of March 31, 2024[3] - The company's borrowings were approximately HKD 106.9 million as of September 30, 2024, a decrease from HKD 186.9 million as of March 31, 2024[3] - The net current liabilities recorded as of September 30, 2024, were approximately HKD 66.8 million, compared to HKD 140.8 million as of March 31, 2024[3] - The net asset value was approximately HKD 114.2 million as of September 30, 2024, an increase from HKD 40.5 million as of March 31, 2024[3] Liquidation and Financial Support - The company believes that the ongoing liquidation petition, involving claims of approximately HKD 3 million, will not have a significant impact on its operations[6] - The main shareholder, holding approximately 10.3% of the issued shares, has committed to providing financial support[6] - The company is in continuous discussions with several creditors regarding debt capitalization to strengthen its financial position[6] - The company plans to apply for a validation order from the Hong Kong High Court by the end of January 2025[6] - The company cannot guarantee that the Hong Kong High Court will issue the validation order or that any application will be successful[10] - The company will issue further announcements if there are any significant developments regarding the liquidation petition[10]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 336,582,000, an increase from HKD 327,202,000 in the same period last year, representing a growth of approximately 0.4%[2] - The gross profit for the same period was HKD 9,380,000, down from HKD 15,665,000, indicating a decline of about 40.5%[2] - Operating loss increased to HKD 23,438,000 compared to HKD 10,830,000 in the previous year, reflecting a deterioration of approximately 116.5%[2] - The company reported a pre-tax loss of HKD 41,737,000, compared to a loss of HKD 36,492,000 in the prior period, marking an increase of about 14.3%[2] - The net loss attributable to the company's owners was HKD 40,872,000, compared to HKD 36,492,000, representing an increase of approximately 12.9%[3] - The total segment loss for the six months ended September 30, 2024, was HKD (28,402,000), an improvement compared to a loss of HKD (37,866,000) in the same period last year[16] - The company incurred a loss from continuing and discontinued operations of approximately HKD 40,900,000, an increase of about 12.1% from HKD 36,500,000 year-on-year[52] Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 336,582,000, a significant increase from HKD 82,106,000 for the same period in 2023, representing a growth of 309%[16] - The mining products segment generated revenue of HKD 56,581,000, while the trading and wholesale segment contributed HKD 280,001,000, indicating a strong performance in trading activities[14] - The mining segment contributed revenue of approximately HKD 56,600,000, a slight increase of about 1.4% from HKD 55,800,000 year-on-year[51] - The coal trading and frozen meat and soybean oil wholesale segments generated revenue of approximately HKD 280,000,000, a significant increase of about 964.6% from HKD 26,300,000 in the previous year[51] Assets and Liabilities - The company’s total assets as of September 30, 2024, were HKD 189,758,000, slightly down from HKD 191,190,000 as of March 31, 2024[5] - Current liabilities decreased to HKD 179,429,000 from HKD 351,491,000, indicating a reduction of approximately 49.1%[5] - The net asset value of the company was HKD 114,158,000, up from HKD 40,519,000, showing an increase of approximately 181.5%[5] - Trade receivables (net of provisions) decreased from HKD 186,484,000 as of March 31, 2024, to HKD 102,736,000 as of September 30, 2024, representing a decline of approximately 45%[27] - Trade payables decreased significantly from HKD 94,065,000 as of March 31, 2024, to HKD 57,973,000 as of September 30, 2024, a reduction of about 38%[32] - Short-term borrowings totaled HKD 106,911,000 as of September 30, 2024, down from HKD 186,889,000 as of March 31, 2024, indicating a decrease of approximately 43%[34] - The company’s total liabilities decreased from HKD 94,065,000 as of March 31, 2024, to HKD 57,973,000 as of September 30, 2024, reflecting a strategic reduction in debt[32] Future Prospects - The company is expected to contribute future cash flows from its newly acquired subsidiary, which holds mining rights in Jilin, projected to commence production in April 2025[8] - The company expects to significantly improve operational results after the gold mine project acquired on July 1, 2023, begins production in April 2025[53] Corporate Governance and Compliance - The company has not adopted new accounting standards that may impact its financial reporting, indicating a cautious approach to regulatory changes[11] - The board has reviewed corporate governance practices and confirmed compliance with the corporate governance code, except for minor delays in monthly updates to the board[60] - The company is committed to improving corporate governance as a key factor in enhancing shareholder value[60] Legal Matters - The company has a pending lawsuit regarding a secured loan, with claims for unpaid principal and interest included in the financial statements for the period ending September 30, 2024[42] - The company is actively defending against a lawsuit involving a claim for unpaid principal and interest, which has been accounted for in the financial statements[67] - The company has engaged legal advisors to seek legal opinions and take appropriate actions regarding the ongoing litigation[67] Employee and Operational Matters - As of September 30, 2024, the company employed 522 staff members, maintaining the same number as in 2023[58] - The company plans to invest resources in training, talent retention, and recruitment initiatives to enhance employee skills[58] Shareholder Information - The company did not declare an interim dividend for the reporting period ending September 30, 2024[59] - The interim report for the six months ending September 30, 2024, will be distributed to shareholders and made available on the stock exchange and the company's website[68] Financial Instruments and Risk Management - The company has not adopted any financial instruments for hedging purposes due to minimal foreign exchange risk exposure[58]

Business Operations and Performance - The Group's main business production, particularly at Hunan Gold Mine, continued to operate normally with improved production and storage conditions, while effectively controlling operating and administrative costs[12]. - The acquisition of Jilin Xinya Mining was actively promoted to strengthen the main business and enhance operational efficiency[17]. - The Group's overall stability was maintained despite facing multiple unexpected economic pressures, demonstrating resilience in operations[11]. - The production scale increased without a significant rise in costs, indicating effective cost management strategies[14]. - The Group's initiatives included stabilizing the main business, promoting growth, and expanding trade volume, contributing to a robust operational momentum[12]. - The concerted efforts of the entire Group led to effective expansion in production and operations at the Gold Mine[12]. - The Group's focus on high-quality development has resulted in a positive performance in development outcomes[11]. - The Group's agricultural products trading amounted to nearly RMB 20 million, with two newly registered subsidiaries participating in forestry deep processing and agricultural product trade[19]. - The Group recorded a revenue of approximately HK$374.1 million, representing an increase of approximately 80.4% compared to HK$207.4 million for the Corresponding Period[34]. - Revenue from the mining products business segment was approximately HK$142.5 million, an increase of approximately 19.3% from HK$119.5 million for the Corresponding Period[35]. - Revenue from trading of non-ferrous metal and wholesale and trading of frozen meat and agriculture products was approximately HK$231.6 million, reflecting an increase of approximately 163.4% compared to HK$88.0 million for the Corresponding Period[36]. Financial Position and Strategy - The Group plans to enhance its financial foundation by reducing the gearing ratio and improving asset quality, leading to a significant enhancement of financing capacity[19]. - The Group incurred a loss attributable to the owners of the Company of approximately HK$53.0 million for the fifteen months ended March 31, 2024, with net current liabilities of approximately HK$140.8 million[53]. - The Group's borrowings amounted to approximately HK$186.9 million and convertible bonds were approximately HK$2.4 million as of March 31, 2024, compared to HK$315.8 million and HK$Nil respectively as of December 31, 2022[79]. - The Group reported net current liabilities of approximately HK$140.8 million as of March 31, 2024, a decrease from approximately HK$323.5 million as of December 31, 2022[79]. - The Group aims to improve resilience through strategic management and expansion of its two core businesses to address supply chain shortages and rising costs[71]. - The Group plans to raise funds through various means, including the issuance of convertible bonds and new shares, subject to market conditions[76]. Governance and Management - The corporate governance mechanism has been effectively strengthened, with adjustments made to the Board and its committees to clarify responsibilities and optimize management processes[17]. - The Group emphasized careful construction and lean management to enhance corporate governance and operational efficiency[17]. - The Group's management emphasizes the importance of responding effectively to internal constraints and enhancing corporate vitality[21]. - The Management is committed to continuous growth and enhancing future financial performance by identifying investment opportunities and expanding mineral resources[75]. - The Group's management is actively seeking investment opportunities and potential partnerships to enhance revenue sources and shareholder value[81]. Environmental, Social, and Governance (ESG) Initiatives - The Group conducted a materiality assessment identifying 24 ESG-related topics, engaging both internal and external stakeholders for prioritization[123]. - The materiality assessment results will guide the Group in formulating future ESG work plans and goals to create sustainable value for stakeholders[124]. - The Board is responsible for evaluating the Group's ESG risks and ensuring effective implementation of risk management and internal control systems[114]. - The Group emphasizes corporate transparency and sound risk control, aiming to optimize risk management and internal controls[117]. - The Group aims to enhance environmental protection and community support while delivering quality products and services through prudent business management[113]. - The Group's ESG materiality matrix indicates high priority topics that are crucial for both stakeholders and business development[127]. Environmental Impact and Sustainability - For the fifteen months ended March 31, 2024, total greenhouse gas emissions amounted to 6,790,435 kg of carbon dioxide equivalent, an increase from 5,144,608 kg in 2022[133]. - Greenhouse gas emissions intensity per employee rose to 14,117 kg of carbon dioxide equivalent, compared to 10,696 kg in 2022, indicating a 31.5% increase[133]. - The Group aims to reduce exhaust gas and greenhouse gas emission intensity by 3% by 2026 based on the 2021 baseline[139]. - Hunan Westralian has established an "Environmental Protection Management System" to mitigate pollution risks in its production processes[136]. - The company has implemented green office measures to minimize energy consumption and paper waste[135]. - Hunan Westralian has set a five-year target to maintain no hazardous waste and only a very small amount of non-hazardous waste[142]. Employee Management and Safety - The Group employed 522 staff members as of March 31, 2024, an increase from 486 employees as of December 31, 2022[88]. - Hunan Westralian adheres to a non-discriminatory employment policy, providing equal opportunities across various demographics[167]. - The company has established a promotion mechanism based on job performance, allowing department managers to adjust salaries and promotions accordingly[180]. - Hunan Westralian has implemented a "Safety Management System for Dumping Operation" to regulate safety in waste material storage[191]. - The company provides specialized safety training tailored to working conditions to enhance safety awareness among employees[186]. - Hunan Westralian has developed multiple safety management systems to mitigate fire and explosion hazards, including the "Use of Fire Product Management System" and "Explosives Storage Safety System" to ensure safe handling of explosives[198].

Financial Performance - The company reported a total revenue of HKD 374,146,000 for the fifteen months ending March 31, 2024, compared to HKD 207,435,000 for the previous year, representing an increase of 80.4%[2] - The gross profit for the same period was HKD 30,896,000, down from HKD 70,092,000, indicating a decline of 56.0%[2] - The operating loss increased to HKD 51,824,000 from HKD 9,321,000, reflecting a significant deterioration in operational performance[2] - The company recorded a pre-tax loss of HKD 93,059,000, compared to a loss of HKD 60,542,000 in the previous year, marking a 53.8% increase in losses[3] - The net loss attributable to owners of the company was HKD 53,018,000, compared to HKD 38,831,000, representing a 36.5% increase in losses[4] - The total loss for the reportable segments was HKD (68,667,000), compared to a loss of HKD (49,812,000) in the previous year, representing an increase in losses of about 37.8%[20] - The company reported a loss of approximately HKD 91,400,000, an increase of about 47.7% from a loss of HKD 61,900,000 in the same period last year[67] Revenue Segmentation - The mining products segment generated revenue of HKD 142,499,000, up from HKD 119,474,000, reflecting an increase of about 19.2%[21] - The trading and wholesale segment reported revenue of HKD 231,647,000, compared to HKD 87,961,000, indicating a substantial growth of approximately 163.5%[21] - The mining segment reported revenue of approximately HKD 142,500,000 and a loss of about HKD 61,400,000 for the fifteen months ending March 31, 2024, due to high mining costs and limited mineral reserves[61] - The revenue from the non-ferrous metal trading and frozen meat and agricultural products wholesale and trading segments was approximately HKD 231,600,000, a significant increase of about 163.4% from HKD 88,000,000 in the previous year[66] Assets and Liabilities - The total assets less current liabilities amounted to HKD 50,382,000, a recovery from a negative position of HKD 101,781,000 in the previous year[6] - The current net current liabilities stand at HKD 140,808,000, indicating a significant liquidity challenge[8] - Reportable segment assets totaled HKD 351,332,000 as of March 31, 2024, compared to HKD 240,381,000 as of December 31, 2022, marking an increase of approximately 46.2%[20] - Total liabilities for reportable segments decreased to HKD 262,374,000 from HKD 342,983,000, a reduction of about 23.5%[20] - Trade receivables increased to HKD 17,760,000 as of March 31, 2024, from HKD 14,578,000 as of December 31, 2022[40] - Total trade and other payables amounted to HKD 105,591,000 as of March 31, 2024, compared to HKD 94,065,000 as of December 31, 2022[43] - The total borrowings as of March 31, 2024, were HKD 186,889,000, a decrease from HKD 315,763,000 as of December 31, 2022[44] Financial Strategies and Support - The company raised approximately HKD 22,200,000 by issuing 800,000,000 shares at a subscription price of HKD 0.028 per share on April 19, 2024[9] - The company is actively seeking additional financial support, including the issuance of convertible bonds or loans, to improve its financial situation[9] - The company plans to raise funds through various means, including issuing convertible bonds and new shares, depending on market conditions[82] - The company is actively seeking investment opportunities and potential partnerships to improve and expand its revenue sources[82] Operational Challenges and Future Outlook - The company anticipates challenges in future performance due to high mining costs and limited exploration investment, impacting profitability[61] - The company aims to enhance its risk resilience amid uncertain economic conditions, focusing on strategic management and business expansion[81] - The company has taken measures to improve its operating capital and cash flow situation to alleviate liquidity pressure during the fifteen months ending March 31, 2024[98] - The company remains cautiously optimistic about its mining and trading business outlook for the coming years[81] Compliance and Governance - The company emphasizes compliance with the Hong Kong Listing Rules and relevant financial reporting standards[112] - The board and audit committee confirmed their responsibility for monitoring the group's risk management and internal control systems, which are reviewed at least annually[100] - An independent review of the internal control system was conducted, and the board believes that the risk management and internal control systems were effective during the reporting period[103] Employee and Management Acknowledgment - The company expresses gratitude to employees for their unwavering efforts and to shareholders and business partners for their continued support[113] - The company acknowledges the contributions of its management team in the report[113] - The company employed 522 staff as of March 31, 2024, an increase from 486 employees on December 31, 2022[88]

Financial Performance - For the fifteen months ending March 31, 2024, the company reported a loss from continuing operations of approximately HKD 91,436,000, compared to a loss of HKD 62,151,000 for the previous period [3]. - Revenue from continuing operations was HKD 374,146,000, a significant increase from HKD 207,435,000 in the previous year, representing an increase of approximately 80.4% [13]. - The gross profit for the period was HKD 30,896,000, down from HKD 70,092,000, indicating a decline of approximately 56% [13]. - The company recorded a total comprehensive expense of HKD 93,939,000 for the year, compared to HKD 85,296,000 in the previous year, reflecting an increase of approximately 10.3% [18]. - The basic loss per share from continuing and discontinued operations was HKD 14.29, compared to HKD 12.75 in the previous year, indicating a deterioration in performance [27]. - The group reported a loss for the year after deducting approximately HKD 57,231,000 in prepaid expenses related to the purchase of non-ferrous metals and HKD 54,073,000 for agricultural products, which were confirmed as cost of sales [38]. - The group reported a loss of approximately HKD 91,400,000, an increase of about 47.7% compared to a loss of approximately HKD 61,900,000 in the same period last year [116]. Assets and Liabilities - The net current liabilities as of March 31, 2024, were approximately HKD 140,808,000, showing an improvement from HKD 323,519,000 in the previous year [30]. - The group's total liabilities decreased from HKD 315,763,000 as of December 31, 2022, to HKD 186,889,000 as of March 31, 2024 [52]. - As of March 31, 2024, the company's mining revenue was approximately HKD 142,500,000, with a loss of about HKD 61,400,000 due to high mining costs and limited mineral reserves [87]. - Trade receivables as of March 31, 2024, amounted to HKD 17,760,000, with a provision for losses of HKD 4,537,000, compared to HKD 14,578,000 and HKD 6,113,000 respectively as of December 31, 2022 [70]. - The group’s borrowings and convertible bonds amounted to approximately HKD 186,900,000 and HKD 2,400,000, respectively, compared to HKD 315,800,000 and zero as of December 31, 2022 [152]. - The net current liabilities recorded as of March 31, 2024, were approximately HKD 140,800,000, a decrease from HKD 323,500,000 as of December 31, 2022 [152]. Share Issuance and Capital Structure - The company completed a share issuance of 800,000,000 shares at a subscription price of HKD 0.028 per share, raising approximately HKD 22,200,000 in net proceeds [33]. - The group issued 236,716,397 new shares at a net issue price of approximately HKD 0.105 per share, completed on July 6, 2023 [54]. - The company plans to issue 294,318,174 shares at a subscription price of HKD 0.109 per share, completed on August 31, 2023 [78]. - The company’s non-controlling interest in a subsidiary was diluted from 51.0% to approximately 41.0% due to a capital increase from USD 29,700,000 to about USD 36,900,000 [79]. Operational Developments - The company completed the acquisition of a target company on July 1, 2023, which primarily engages in the exploration, mining, and sale of gold, silver, aluminum, and zinc [58]. - The acquisition was aimed at leveraging the group's past mining experience in China to achieve synergies [59]. - The group has suspended its coal trading business and has commenced agricultural product trading in China since Q1 2023, anticipating continuous revenue growth from this segment [90][91]. - The acquisition of a 51% stake in Huafeng Mining Co., Ltd. is expected to enhance the group's mineral portfolio and is projected to start production in 2025 [113]. - The company is currently focusing on integrating its gold mining operations to enhance production and sales, while implementing cost-saving measures to improve cash flow and financial condition [195]. Employee and Operational Costs - Employee costs increased to HKD 19,950,000 from HKD 14,575,000, with retirement benefit contributions rising to HKD 2,223,000 from HKD 1,470,000 [40]. - The group employed 522 employees as of March 31, 2024, an increase from 486 employees as of December 31, 2022 [135]. Future Outlook and Strategic Initiatives - The group is optimistic about the future prospects of its mining and trading business, expecting stable growth in the coming years [104]. - The company anticipates poor future performance if high mining costs persist, impacting overall profitability [87]. - The group is actively seeking new business investment opportunities to expand revenue sources and create greater value for shareholders [122]. - The economic outlook for 2024 remains uncertain, with multiple macroeconomic pressures including geopolitical uncertainty and inflation expected to persist [127]. - The group aims to enhance its operational efficiency and expand mineral resources to broaden its revenue base and improve future financial performance [150]. Risk Management and Compliance - The board and audit committee confirmed their responsibility for monitoring the group's risk management and internal control systems, conducting annual reviews of their effectiveness [176]. - The group adopted a three lines of defense model to identify, assess, and manage various types of risks associated with its business activities [177]. - The internal control review report has been submitted to and approved by the board and audit committee, with measures taken to address identified weaknesses [164]. - The group has faced operational risks due to various human and natural disaster factors, which are being assessed by an independent safety evaluation company [123]. Legal and Regulatory Matters - The company is seeking legal advice regarding a lawsuit and aims to negotiate a resolution with the plaintiff [65]. - The company announced a delay in the release of its annual results for the fifteen months ending March 31, 2024, and a potential suspension of trading [181]. - Trading of the company's shares was suspended on July 2, 2024, at 9:00 AM [182]. - The company has applied to the Stock Exchange for the resumption of trading of its shares effective July 29, 2024 [167]. Environmental and Social Responsibility - The group has implemented measures to promote environmental sustainability and reduce operational impacts on the environment [125]. - The group recognizes employees as valuable assets and aims to attract and retain suitable candidates through competitive compensation and training programs [126].