Group 1: Institutional Research Trends - The overall institutional research activity remains high, with 404 listed companies disclosing investor research records as of November 21 [2] - Companies such as Rongbai Technology and Lens Technology received attention from over 100 institutions [2] - Only 36 of the companies that accepted institutional research reported positive returns, with the top three performers being Shen Zhonghua A (up 32.24%), Dawei Co., Ltd. (up 16.87%), and Tongyi Co., Ltd. (up 16.51%) [2] Group 2: Lithium Battery Sector - The lithium battery sector is experiencing heightened activity due to rising lithium material prices, with companies like Rongbai Technology gaining significant institutional interest [4] - Rongbai Technology has transformed from a leader in ternary cathode materials to a global leader in new energy materials, focusing on sodium-ion battery materials [4] - The company plans to establish a 6,000-ton pilot line by 2025 and aims for a production capacity of 100,000 tons of sodium-ion materials by 2030, with plans for global localization in North America and Europe [4] Group 3: Phosphate Iron Lithium Production - Fengyuan Co., Ltd. has established a total production capacity of 225,000 tons for phosphate iron lithium, with an additional 75,000 tons under construction [5] - The company plans to adjust its production capacity based on industry trends and customer demand, maintaining high utilization rates due to growing market demand since Q4 2025 [5] - Fengyuan aims to enhance its operational efficiency and profitability through improved product competitiveness and deeper collaboration with key customers [5] Group 4: Embodied Intelligence Developments - Companies are focusing on embodied intelligence, with Shiling Co., Ltd. establishing a robotics division in 2024 to develop and produce robotic components [7] - Hongrun Construction has launched a humanoid robot, Star Dynamics, in collaboration with Matrix Super Intelligence, aiming for commercial viability by 2026 [8] - The company plans to expand its design team to 60-100 members to enhance product development and commercialization efforts [8] Group 5: Lens Technology's Robotics Expansion - Lens Technology has a strong foothold in the robotics sector, focusing on the design and production of various industrial robots [10] - The company has inaugurated a new facility capable of producing 10,000 large automation devices and 500,000 embodied intelligent robots annually [10] - Lens Technology aims to become a leading global manufacturer of embodied intelligent robots, with projected shipments of over 3,000 humanoid robots and 10,000 quadruped robots this year [11]

致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00433 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 25,000,000,000 | HKD | | 0.02 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 25,000,000,000 | HKD | | 0.02 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 公司名稱: 北方 ...

Core Viewpoint - Northern Mining Co., Ltd. is committed to building a world-class mining company with a focus on sustainable development through the integration of ESG principles into its operations and community engagement [1][11]. Group 1: ESG Management Framework - The company has established a comprehensive ESG management system to address both traditional and non-traditional risks, including safety, environmental protection, community relations, supply chain management, and human rights [1]. - An external diagnostic approach was adopted, involving professional consultants and internal teams to assess the current ESG practices and align them with international standards [2]. - The company has defined its core values through fourteen keywords and identified eight stakeholders and thirteen key issues relevant to its business, forming an ESG value model [2]. Group 2: Institutional and Process Development - A three-tier institutional framework has been created focusing on sustainable development and responsible investment, including policies, guidelines, and process directives [3]. - The company has developed six top-level policies, thirty-eight institutional guidelines, and forty-six process directives to ensure effective risk management and continuous improvement [3]. - Training programs have been implemented to enhance employee understanding and capabilities regarding ESG, involving both external experts and internal discussions [3]. Group 3: Community Engagement and Social Responsibility - Northern Mining emphasizes collaborative development, aligning with the Belt and Road Initiative to create social responsibility projects in education, healthcare, and agriculture [4]. - The company has initiated agricultural training programs in the Democratic Republic of the Congo, focusing on empowering local farmers, particularly women, to improve agricultural practices and community livelihoods [6][8]. - A community medical center has been established to address healthcare deficiencies in the surrounding areas, providing essential medical services and ensuring long-term operational sustainability [9]. - The construction of a modern primary school aims to enhance educational opportunities for local children, with a focus on inclusivity and employment for women [10]. Group 4: Future Commitment - Northern Mining aims to continue its commitment to ESG principles, contributing to high-quality development and the construction of a community with a shared future [11].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北方礦業股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00433 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 25,000,000,000 | HKD | | 0.02 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 25,000,000,000 | HKD | | 0.02 | HKD | | 500,000,000 | 本 ...

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佈的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 NORTH MINING SHARES COMPANY LIMITED （於百慕達註冊成立之有限公司 ） （股份代號：433） 有關二零二四年年報中不發表意見應對措施的最新情況 茲提述年報，本公司的核數師於當中就本公司的持續經營能力發表不發表意見， 以及本公司日期為二零二五年六月三十日的公佈，內容有關二零二四年年報 中不發表意見應對措施的最新情況（「該公佈」）。除文義另有所指，本公佈所用 詞彙與該公佈所界定者具有相同涵義。 根據上市規則的規定（包括附錄D2第2段及附錄C1守則條文第D1.4條），本公司 須真實而公平地反映其財務狀況，並作出清晰、平衡及容易理解的披露。核數 師出具的不發表意見顯示彼等未能取得充分的審計證據，以釐定財務報表是 否並無任何重大錯誤陳述。 為解決該事宜，本公司此前已於年報（第47至48頁）中披露其應對持續經營問題 的計劃及措施。根據香港聯合交易所有限公司的要求，本公司謹此提供自二 ...

(Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code: 433) NORTH MINING SHARES COMPANY LIMITED 北方礦業股份有限公司 If you would like to receive a printed copy of the Current Corporate Communication(s), please complete the Request Form on the reverse side of this letter and sign and return it by using the enclosed mailing label (no need to affix a stamp if posted in Hong Kong; otherwise, please affix an appropriate stamp) to the Company's Branch Share Registrar, Tricor Investor Services Limite ...

NORTH MINING SHARES COMPANY LIMITED 北方礦業股份有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code: 433) （股份代號：433） NOTIFICATION LETTER 通知信函 Yours faithfully For and on behalf of North Mining Shares Company Limited Yang Ying Min Chairman Note: Corporate Communications refer to any document issued or to be issued by the Company including but not limited to:(a) the directors' report, its annual financial statements together with a copy of the auditor's report and, where applicable, it ...

Financial Performance - The company recorded revenue of approximately HKD 925,762,000 for the six months ended June 30, 2025, representing a 49% increase compared to HKD 621,311,000 for the same period in 2024[6] - The company achieved a profit of approximately HKD 105,848,000, a turnaround from a loss of HKD 99,790,000 in the same period last year, primarily due to a full recovery in mining operations and improved operational efficiency[6] - The gross profit for the six months ended June 30, 2025, was HKD 302,035,000, compared to HKD 8,122,000 in the previous year, indicating a substantial improvement[22] - The company reported a net profit of approximately HKD 105,848,000 for the six months ended June 30, 2025, compared to a net profit of HKD 59,160,000 for the same period in 2024, representing an increase of 78.8%[31] - The group reported a profit before tax of HKD 132,336,000 for the same period, compared to a loss of HKD 99,790,000 for the six months ending June 30, 2024[41][45] Revenue Breakdown - Molybdenum sales volume reached approximately 3,487 tons, with an average selling price of HKD 128,380 per ton, contributing approximately HKD 514,673,000 to the company's revenue[7] - The chemical trading business generated revenue of approximately HKD 410,935,000, with a loss of approximately HKD 27,617,000, showing improvement from a loss of HKD 32,595,000 in the previous year[8] - The aluminum trading business reported revenue of approximately HKD 154,000, marking its first revenue contribution compared to no revenue in the same period last year[9] - For the six months ending June 30, 2025, total revenue was HKD 925,762,000, with mining operations contributing HKD 514,673,000, chemical products HKD 410,935,000, and aluminum products HKD 154,000[40] Cash Flow and Liquidity - The group recorded a net cash inflow of approximately HKD 38,391,000 for the six months ended June 30, 2025, compared to HKD 13,773,000 for the same period in 2024[14] - The company generated a net cash inflow from operating activities of HKD 78,130,000 for the six months ended June 30, 2025, compared to HKD 59,160,000 in the prior year, indicating a 32.1% increase[27] - Cash and cash equivalents increased to HKD 54,811,000 as of June 30, 2025, up from HKD 18,363,000 at the end of June 2024, reflecting a growth of 198.5%[27] - The mining operations are expected to generate positive cash flow following the resumption of operations in October 2024, which is anticipated to improve the overall liquidity position of the company[37] Assets and Liabilities - The total assets as of June 30, 2025, were HKD 1,561,016,000, compared to HKD 1,538,265,000 as of December 31, 2024[24] - The total liabilities decreased to HKD 2,040,139,000 as of June 30, 2025, from HKD 2,109,133,000 as of December 31, 2024[25] - The group’s current ratio improved to approximately 0.29 as of June 30, 2025, from 0.24 as of December 31, 2024[14] Operational Developments - The company has successfully renewed its molybdenum mining license and plans to invest in upgrading mining machinery to enhance production efficiency and safety[11] - The company aims to strengthen its resilience against macroeconomic challenges, including inflation and supply chain issues, by strategically managing and expanding its core businesses[11] - The domestic demand for molybdenum is expected to continue increasing, driven by the steel industry's transformation and environmental policies in China[12] Corporate Governance and Management - The company is committed to improving investor relations and operational management to enhance long-term sustainable development[11] - The company has maintained compliance with the corporate governance code and has implemented a diversity policy for its board members[61] - The company plans to regularly review and improve its corporate governance practices in line with the latest trends[63] Shareholder Information - Major shareholders include Qian Baohua with 2,575,478,816 shares (20.58%) and Guangzhou Fund International Asset Management Co., Ltd. with 2,380,886,925 shares (19.03%) as of June 30, 2025[57] - The company has issued 12,511,640,000 shares with a par value of HKD 0.02, totaling HKD 250,233,000 as of June 30, 2025[54] Employee Information - The group employed 613 full-time employees as of June 30, 2025, down from 678 employees as of December 31, 2024[21] Dividend Policy - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[19] - The company did not declare an interim dividend for the six months ending June 30, 2025, consistent with the previous year[46]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北方礦業股份有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00433 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 25,000,000,000 | HKD | | 0.02 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 25,000,000,000 | HKD | | 0.02 | HKD | | 500,000,000 | 本月 ...

Core Viewpoint - Northern Mining (00433) reported a significant increase in revenue and profit for the six months ending June 30, 2025, primarily driven by increased sales of molybdenum concentrate and a recovery in mining operations [1] Financial Performance - The company achieved revenue of HKD 926 million, representing a year-on-year increase of 49% [1] - Profit attributable to shareholders was HKD 70.137 million, a turnaround from a loss of HKD 58.543 million in the same period last year [1] - Basic earnings per share were HKD 0.56 [1] Operational Highlights - The increase in revenue was mainly due to higher sales volumes of molybdenum concentrate [1] - The recovery of the mining business led to significant improvements in capacity and operational efficiency [1] - The stabilization of mining operations had a major positive impact on the overall performance of the group [1]