China Nonferrous Mining Corporation Limited 中 國 有 色 礦 業 有 限 公 司 (Incorporated in Hong Kong with limited liability under the Companies Ordinance) ( 根據公司條例於香港註冊成立的有限公司 ) (Stock Code 股份代號: 01258) N O T I F I C A T I O N L E T T E R 通 知 信 函 Dear non-registered holder(s) (Note 1) , China Nonferrous Mining Corporation Limited (the "Company") Note 1: This letter is addressed to non-registered holder(s) ("Non-registered holder" means such person or company whose shares are held in The Central Clearing and Settlemen ...

China Nonferrous Mining Corporation Limited 中 國 有 色 礦 業 有 限 公 司 (Incorporated in Hong Kong with limited liability under the Companies Ordinance) ( 根據公司條例於香港註冊成立的有限公司 ) (Stock Code 股份代號: 01258) N O T I F I C AT I O N L E T T E R Dear registered shareholder(s), 28 April 2025 China Nonferrous Mining Corporation Limited (the "Company") – Notice of Publication of 2024 Annual Report and 2024 Environmental, Social and Governance Report (the "Current Corporate Communications") The Current Corporate Communications o ...

中國有色礦業有限公司 電子郵件：hk1258-ir@cnmc.com.cn 公司網站：https://www.cnmcl.net 中國有色礦業有限公司 環境、社會和公司治理（ESG）報告 Environmental, Social and Governance Report in 2024 中國有色礦業 股票代碼：01258.HK 中國有色礦業有限公司 2024 環境、社會和公司治理（ESG）報告 關於本報告 關於本報告 概覽 本報告是由中國有色礦業有限公司（簡稱中國有色礦業或本集團）向社會發布的 2024 年環境、社會和公司治理報告，旨在 向利益相關方展示我們在環境、社會和公司治理方面的治理方法、工作表現，以助各利益相關方更好地了解我們的可持續 發展理念與績效。 編制依據 本集團參考並遵循香港聯合交易所有限公司《主板上市規則》附錄 C2「環境、社會及管治報告守則」編制本報告。本報告 已遵守「ESG 守則」中所有「強制披露規定」及「不遵守就解釋」條文，並以「ESG 守則」中的四大匯報原則 ：重要性、量化、 平衡及一致性作為編制本報告的基礎。 | 匯報原則 | 回應 | | --- | --- | | | 本集 ...

Financial Performance - In 2024, the company achieved a total revenue of $3.8165 billion, an increase of 5.8% compared to 2023[17]. - The net profit attributable to shareholders rose to $399 million, reflecting a significant growth of 43.6% year-on-year[13]. - The company's total revenue for 2024 was $3,816.5 million, a 5.8% increase from $3,606.4 million in 2023[23]. - Revenue from copper and anode copper increased by 10.4% to $2,452.1 million in 2024, driven by higher sales volume and international copper price increases[23]. - The gross profit for 2024 was $1,049.1 million, up 19.6% from $877.5 million in 2023, with a gross margin increase from 24.3% to 27.5%[28]. - The company’s net profit attributable to owners increased by 43.6% to $398.5 million in 2024, with a net profit margin rising from 7.7% to 10.4%[36]. - The sales cost for 2024 was $2,767.3 million, a 1.4% increase from $2,729.0 million in 2023, mainly due to increased sales volume of copper and rising international copper prices[27]. - The gross margin for cathode copper improved from 41.0% in 2023 to 46.5% in 2024, influenced by higher unit selling prices[29]. - The company reported a net profit margin of 12% for the last quarter, an increase from 10% in the previous year, indicating improved operational efficiency[1]. Production and Operations - The total copper production reached 524,000 tons, with a notable 10% increase in cathode copper production exceeding design capacity[13]. - The company produced 1,056,035 tons of sulfuric acid, marking a 10.5% increase year-on-year[18]. - The cobalt hydroxide production decreased by 33.6% to 1,010 tons, while the company processed 111,901 tons of copper products, a 24.6% increase[18]. - The company produced 285,930 tons of copper and anode copper in 2024, a slight increase of 0.1% year-on-year, while sulfuric acid production rose by 10.5% to 1,056,035 tons[64]. - The company reported a decrease in cathode copper production by 11.4% to 126,141 tons and a significant decline in cobalt hydroxide production by 33.6% to 1,010 tons[64]. - Total production of copper anodes by China Nonferrous Africa Mining in 2024 reached 68,191 tons, a year-on-year decrease of 10.9% due to reduced output from both cross-year returns and self-produced copper concentrates[95]. - The total production of copper and anode copper at the Kambishi smelting facility was 263,001 tons in 2024, reflecting a year-on-year growth of 21.5%[97]. - The Kambishi hydrometallurgical facility produced 5,754 tons of cathode copper in 2024, a decrease of 15.2%, attributed to lower oxide rates in self-produced ores and declining grades in purchased oxide ores[98]. - The production of cathode copper at China Nonferrous Huaxin Maben in 2024 was 23,017 tons, down 37.5% due to local power supply shortages[99]. - The company plans to double its copper production from its own mines over the next five years, driven by new resource projects and efficiency reforms[15]. Financial Management and Investments - The company has reduced interest-bearing debt, optimizing its capital structure and saving over $20 million in financial costs[13]. - The company raised nearly HKD 1 billion in the Hong Kong market to support expansion projects and acquisitions[14]. - The company plans to invest $279 million in the Samba copper mine project, which includes a mining capacity of 1.5 million tons of ore per year[112]. - The Mwambashi-B copper mine phase two open-pit mining project is estimated to require an investment of $36.62 million, with plans to start construction in 2025[113]. - The company has completed an investment of $5.21 million in the recovery project of the West Mine, with production expected to commence in 2028[114]. - The MSESA mine recovery project has completed an investment of $4.72 million, with resource estimation and feasibility studies ongoing[115]. - The company reported a 24.6% increase in copper product processing services, reaching 111,901 tons in 2024[104]. - The total exploration and development expenses for the year ending December 31, 2024, were detailed, indicating ongoing investment in mining activities[108]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to ESG initiatives, achieving a reduction of 119 tons of CO2 emissions through its green energy projects[14]. - The management team emphasized a focus on sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[1]. - The company has established various financial policies to enhance internal controls and protect investor interests, including budget management and cash management systems[55]. Corporate Governance - The company has maintained compliance with corporate governance codes as of December 31, 2024, ensuring high standards of integrity and investor trust[151]. - The board of directors consists of one executive director and three independent non-executive directors, meeting the regulatory requirements for independence and governance[154]. - The company has adopted a board diversity policy since August 30, 2013, to enhance the board's composition and expertise[179]. - The company appointed its first female director, Ms. Gong Yani, on December 27, 2023, achieving its gender diversity target ahead of the 2024 deadline[189]. - The company aims to increase the proportion of female employees in senior management roles to enhance future gender diversity on the board[189]. - The company has set measurable diversity targets, considering factors such as gender, age, and professional experience in candidate selection[188]. Future Outlook - The company anticipates facing a more challenging external environment in 2025, with geopolitical tensions and economic uncertainties impacting operations[120]. - Supply disruptions in the copper mining sector are expected to continue, while demand in sectors like power grids and home appliances remains stable, potentially keeping international copper prices high[121]. - The company plans to implement various reform measures and leverage technology to enhance industrial upgrades and ensure stable electricity supply[121]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[1].

Investment Rating - The report maintains an "Outperform" rating for the company [4][6][21] Core Views - The company achieved significant growth in 2024, with revenue of approximately $3.816 billion, a year-on-year increase of 5.55%, and a net profit attributable to shareholders of about $399 million, up 43.55% year-on-year [1][9] - The company is focused on increasing copper production from its own mines, with a total copper output of approximately 159,200 tons in 2024, a decrease of 6.02% year-on-year, primarily due to operational disruptions [1][18] - The company has made substantial progress in resource expansion, with new copper resources of nearly 120,000 tons from the new Luanshya project and approximately 60,000 tons from other projects [18][19] Financial Performance - The company plans to distribute a dividend of $0.042893 per share, totaling approximately $167 million, which represents 42% of its net profit for 2024 [2][17] - The company’s revenue projections for 2025-2027 are $4.227 billion, $4.271 billion, and $4.315 billion, with expected year-on-year growth rates of 10.8%, 1.0%, and 1.0% respectively [4][21] - The net profit forecasts for the same period are $414 million, $422 million, and $540 million, with growth rates of 3.9%, 1.8%, and 28.1% respectively [4][21] Production and Capacity Expansion - The company aims to gradually increase its annual copper production to approximately 300,000 tons by 2030, with several projects currently under construction or in planning stages [3][19] - The company has five ongoing and planned mining projects that are expected to add an annual copper production capacity of 150,000 tons once fully operational [19][21]

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，並表明概不就因本公告全部或任何部分 內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 董事名單及其角色與職能 自2025年3月27日起，中國有色礦業有限公司董事會（「董事會」）成員載列如下： China Nonferrous Mining Corporation Limited 中國有色礦業有限公司 （根據公司條例於香港註冊成立的有限公司） （股份代號：01258） 執行董事 肖波先生 （主席） 非執行董事 譚耀宇先生 龔亞妮女士 C： 有關委員會的主席 M： 有關委員會的成員 2025年3月26日 關浣非先生 高光夫先生 孫玉峰先生 1 董事會共有4個委員會。下表提供各委員會的成員資料： | | 委員會 | 審核 | 提名 | 薪酬 | 合規 | | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | | 肖波先生 | | | M | M | C | | 譚耀宇先生 | | M | | | | | 關浣非先 ...

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，並表明概不就因本公告全部或任何部分 內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China Nonferrous Mining Corporation Limited 中國有色礦業有限公司 （根據公司條例於香港註冊成立的有限公司） （股份代號：01258） 董事會主席、執行董事及授權代表之變更 及 董事委員會組成變動 董事會宣佈下列事項自2025年3月27日起生效： 董事會主席、執行董事及授權代表之辭任 中國有色礦業有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，楊赫先生 （「楊先生」）因其他業務承擔，將於2025年3月27日起辭任為董事會主席（「董事會主 席」）、本公司執行董事（「執行董事」）、董事會下轄合規委員會（「合規委員會」）主 1 (1) 楊赫先生將辭任為董事會主席、執行董事、合規委員會主席、提名委員會 成員、薪酬委員會成員及授權代表；及 (2) 肖波先生將獲委任為董事會主席、執行董事、合規委員會主席、提名委員 會成員、薪酬委員會成員及授權代表。 席、董事會下轄提名 ...

EF001 EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 派息金額：於2025年6月26日按市場匯率計算、以港幣派付 發行人董事 於本公告刊發日期，董事會成員包括執行董事楊赫先生；非執行董事譚耀宇先生及龔亞妮女士；以及獨立非執行董事關浣非先生、 高光夫先生及孫玉峰先生。 第 2 頁 共 2 頁 v 1.1.1 免責聲明 | 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 | | | --- | --- | | 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的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國有色礦業有限公司 | | 股份代號 | 01258 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二四年十二月三十一日止年度之末期股息 | | 公告日期 | 2025年3月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末 ...

Financial Performance - The company achieved a revenue of $3,816.5 million for the year ending December 31, 2024, representing a growth of 5.8% compared to $3,606.4 million in 2023[2]. - Net profit for 2024 was $557.5 million, an increase of 46.2% from $381.4 million in 2023[2]. - Profit attributable to owners of the company was $398.5 million, up 43.6% from $277.6 million in 2023[2]. - Basic earnings per share for 2024 were approximately 10.34 cents, an increase of about 2.91 cents from 7.43 cents in 2023[2]. - Operating profit for 2024 was $786.8 million, compared to $591.4 million in 2023[5]. - The total profit for the year was $557,476 thousand, after accounting for unallocated income of $12,210 thousand and unallocated expenses of $(17,812) thousand[20]. - The gross profit for 2024 was $1,049.1 million, a 19.6% increase from $877.5 million in 2023, with a gross margin rising from 24.3% to 27.5%[103]. - The company reported a net profit attributable to owners of $398.5 million for 2024, a 43.6% increase from $277.6 million in 2023, with a profit margin of 10.4%[109]. Dividends and Shareholder Returns - The board proposed a final dividend of 4.2893 cents per share for 2024[3]. - The total dividend proposed for the year ending December 31, 2024, is $167,370,000, an increase from $115,898,000 in 2023[37]. - The proposed final dividend for the year ending December 31, 2024, is HKD 4.2893 per share, an increase from HKD 2.9702 per share for the previous year[130]. - The company will hold its annual general meeting on June 26, 2025, where the proposed final dividend will be subject to shareholder approval[131]. Cash Flow and Liquidity - Cash and cash equivalents at the end of 2024 increased to $1,018.7 million from $492.4 million at the end of 2023[9]. - The company reported a net cash inflow from operating activities of $775.2 million for 2024, compared to $589.3 million in 2023[9]. - Operating cash flow for 2024 was a net inflow of $775.2 million, up 31.5% from $589.3 million in 2023, mainly due to a decrease in accounts receivable[110]. - As of December 31, 2024, the group had cash, bank balances, and time deposits totaling $1,022.8 million, an increase of $420.4 million from $602.4 million on December 31, 2023[113]. - The group recorded a net cash position of approximately $997.0 million, compared to a net cash position of approximately $427.9 million in 2023, indicating no net debt[125]. Assets and Liabilities - Total assets as of December 31, 2024, were $4,154.4 million, up from $3,819.5 million in 2023[6]. - The company's equity attributable to owners increased to $2,249.1 million from $1,842.4 million in 2023[7]. - The total trade receivables amounted to $256.6 million as of December 31, 2024, a decrease of $161.0 million from $417.6 million in 2023, mainly due to a decline in receivables corresponding to copper product sales[114]. - The total inventory held by the group was $848.2 million as of December 31, 2024, a slight decrease of $13.1 million from $861.3 million in 2023, remaining relatively stable year-on-year[115]. - The total trade payables amounted to $440.5 million as of December 31, 2024, a decrease of $91.4 million from $531.9 million in 2023, primarily due to a decline in payables for auxiliary materials and raw material procurement[116]. Production and Operational Highlights - The total production of copper and anode copper was 285,930 tons, a slight increase of 0.1% year-on-year[48]. - Sulfuric acid production increased by 10.5% year-on-year to 1,056,035 tons[48]. - The company processed 111,901 tons of copper products, marking a 24.6% increase compared to the previous year[48]. - The total production of copper and anode copper at the Kambishi smelting facility reached 263,001 tons in 2024, reflecting a year-on-year increase of 21.5%[77]. - The total production of crude copper at Luanshya Copper Smelting was 131,252 tons in 2024, a decrease of 16.4%, primarily due to insufficient raw material supply and power shortages[81]. Investments and Future Projects - The company plans to invest $27.9 million in the Samba copper mine project, with a projected completion date for investment decision in 2025[89]. - The Mwambashi-B copper mine phase two open-pit mining project has an estimated total investment of $36.62 million, with plans to complete investment decisions in 2025[90]. - The company has invested $5.21 million in the recovery project of the West Mine as of December 31, 2024, with production expected in 2028[91]. - The MSESA mine recovery project has completed resource estimation in 2024, with a total investment of $4.72 million as of December 31, 2024[92]. Compliance and Governance - The company’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards, with the functional currency being USD[12]. - The company’s auditor issued an unqualified opinion on the financial statements for the years ending December 31, 2023, and December 31, 2024[11]. - The audit committee has reviewed the financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and sufficient disclosures[141]. - KPMG has verified the figures in the preliminary announcement against the audited consolidated financial statements for the year ending December 31, 2024, but did not issue any assurance opinion[142]. - The company has maintained compliance with all corporate governance codes as per the Listing Rules throughout the fiscal year ending December 31, 2024[140]. Market Outlook and Challenges - The company anticipates facing a more challenging external environment in 2025, with increased geopolitical tensions and commodity price volatility[129]. - Copper supply is expected to remain tight due to ongoing geopolitical, community, climate, and geological disruptions, while demand in sectors like power grids and home appliances is steadily increasing[129].

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，並表明概不就因本公告全部或任何部分 內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China Nonferrous Mining Corporation Limited 中國有色礦業有限公司 （根據公司條例於香港註冊成立的有限公司） （股份代號：01258） 董事名單及其角色與職能 中國有色礦業有限公司董事會（「董事會」）成員載列如下： 執行董事 楊赫先生 （主席） 非執行董事 獨立非執行董事 關浣非先生 高光夫先生 孫玉峰先生 1 董事會共有4個委員會。下表提供各委員會的成員資料： | | 委員會 | 審核 | 提名 | 薪酬 | 合規 | | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | | 楊赫先生 | | | M | M | C | | 譚耀宇先生 | | M | | | | | 關浣非先生 | | M | | C | M | | 高光夫先生 | | C | M | | | | 孫玉峰先生 ...