Core Viewpoint - Baodi Mining plans to acquire 87% equity of Congling Energy for a total consideration of 685 million yuan, enhancing its resource base and market presence in Xinjiang [2][3]. Group 1: Acquisition Details - The acquisition involves a cash payment of 89.375 million yuan and approximately 596 million yuan in shares, totaling 685 million yuan [2]. - After the acquisition, Baodi Mining will hold 100% of Congling Energy, which owns the Ziluoyi North Iron Mine in Xinjiang [2][3]. - The transaction is expected to increase Baodi Mining's iron ore resources to approximately 460 million tons, representing a 21.75% increase in reserves [3]. Group 2: Resource and Production Capacity - Congling Energy has a high-quality iron ore resource with a reserve of 82.6611 million tons and an iron grade of 68%, among the highest in the country [3]. - The Ziluoyi North Iron Mine is projected to have an annual ore processing capacity of 4 million tons, with a total investment of 1.147 billion yuan for the project [4]. - The expected production of iron concentrate from Congling Energy is 35,460 tons in 2023 and 42,010 tons in 2024, with a significant increase in mining rights and reserves anticipated [4]. Group 3: Future Production and Strategy - Baodi Mining aims to produce 1.9354 million tons of iron concentrate in 2024, with ongoing projects to enhance production capacity across its mining operations [5]. - The company is focused on expanding its market share, improving cost control, and pursuing mergers and acquisitions to strengthen its fundamentals and competitive position [6].

Core Viewpoint - The report outlines the equity change of Xinjiang Baodi Mining Co., Ltd. due to the acquisition of 82% equity in Xinjiang Congling Energy Co., Ltd. by issuing shares and cash payment to Kizilsu Congling Industrial Co., Ltd. [1][5] Group 1: Equity Change Details - The equity change is characterized as an increase through asset acquisition, specifically the purchase of 82% equity in Congling Energy [1][5] - After the transaction, Kizilsu Congling will hold 116,528,117 shares in Baodi Mining, representing 12.71% of the total shares [7][19] - Prior to this transaction, Kizilsu Congling did not hold any shares in Baodi Mining [5][12] Group 2: Transaction Structure - The transaction involves issuing shares and a cash payment totaling 64,575 million RMB for the acquisition of Congling Energy [10][16] - The share issuance price is set at 5.15 RMB per share, which is not lower than 80% of the average stock price over the previous 120 trading days [8][10] - The total number of shares to be issued is 116,528,117, calculated based on the transaction price and share price [10][11] Group 3: Regulatory and Approval Process - The transaction requires several approvals, including from state-owned asset supervision authorities, the shareholders' meeting, and the China Securities Regulatory Commission [2][10] - The report confirms that the necessary authorizations and approvals have been obtained for the equity change [2][5] Group 4: Financial Overview of Congling Energy - As of December 31, 2024, Congling Energy's total assets were 71,031.45 million RMB, with total liabilities of 38,619.10 million RMB, resulting in owners' equity of 32,412.35 million RMB [15] - The revenue for 2024 was reported at 35,563.38 million RMB, with a net profit of 8,491.90 million RMB [15]

Summary of Key Points Core Viewpoint The report outlines the independent financial advisory opinion regarding the acquisition of assets by Xinjiang Baodi Mining Co., Ltd. through the issuance of shares and cash payment, along with the associated fundraising and related party transactions. Group 1: Transaction Overview - The transaction involves issuing shares and cash to acquire 87% equity in Xinjiang Congling Energy Co., Ltd. from two parties: 82% from Kexin Congling Industrial Co., Ltd. and 5% from JAAN Investments Co., Ltd. [5] - The total transaction price for the 87% equity is approximately 68,512.50 million RMB, with cash payment of 8,937.50 million RMB and share issuance of 59,575.00 million RMB [5][6]. Group 2: Financial Impact - Post-transaction, the total assets of the company are projected to increase from 653,127.28 million RMB to 773,057.87 million RMB, reflecting an 18.36% growth [7]. - The company's net profit attributable to shareholders is expected to rise from 13,829.89 million RMB to 20,931.56 million RMB, indicating a 51.35% increase [7]. - The basic earnings per share is anticipated to improve from 0.17 to 0.23, a 35.29% increase [8]. Group 3: Strategic Benefits - The acquisition will enhance the company's iron ore resource volume from 3.8 billion tons to approximately 4.6 billion tons, a 21.75% increase, thereby strengthening its operational capabilities [6][7]. - The transaction aligns with the company's core business of iron ore mining and processing, providing synergies and expanding its market presence in Xinjiang [5][6]. Group 4: Regulatory Compliance - The transaction has undergone necessary decision-making processes, including independent board meetings and compliance with relevant laws and regulations [7][8]. - The company has committed to protecting the rights of minority investors through strict adherence to information disclosure obligations and fair pricing practices [7][8].

Company Overview - Xinjiang Baodi Mining Co., Ltd. was established on November 14, 2001, and was transformed into a joint-stock company in 2013. The company is listed on the Shanghai Stock Exchange with the stock code 601121, operating in the black metal mining industry [1][2]. - The company primarily engages in rock mineral testing, mineral development and processing, housing leasing, mining investment, and sales of mineral products and steel, with iron concentrate as its main product [1][2]. Restructuring Transaction - The company plans to acquire 82% of the equity of Xinjiang Congling Energy Co., Ltd. from Congling Industrial Co., Ltd. and an additional 5% from JAAN INVESTMENTS CO.LTD through a combination of issuing shares and cash payments [2][3]. - The total amount of funds raised in this transaction will not exceed 560 million yuan, which is capped at 100% of the transaction price for the asset acquisition [3][4]. Financial Details - The issuance price for the shares is set at 5.1125 yuan per share, with a total of 116,528,117 shares to be issued [2][3]. - The cash payment for the acquisition is 89.375 million yuan, while the share payment amounts to 595.75 million yuan, based on the assessed net asset value of 840.6559 million yuan as of December 31, 2024 [8][9]. Lock-up Period - The shares acquired by Congling Industrial will be subject to a statutory lock-up period of 12 months, during which they cannot be transferred or pledged [2][3]. - Additionally, there is a voluntary lock-up period of 24 months for 10% of the shares acquired, which cannot be transferred or pledged without the company's written consent [3][4]. Financial Reporting Basis - The pro forma financial statements are prepared under the assumption that the restructuring was completed on January 1, 2024, and reflect the company's financial position and operating results as of December 31, 2024 [7][10]. - The financial statements do not include cash flow statements or changes in equity statements, focusing solely on the pro forma financial information related to the restructuring [10][11]. Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect the financial status and operating results as of December 31, 2024 [11][12]. - The company uses the historical cost method for subsequent measurement of assets and liabilities, with adjustments based on the fair value determined during the asset acquisition [9][10].

Summary of Key Points Core Viewpoint The asset appraisal report evaluates the market value of the total equity of Xinjiang Congling Energy Co., Ltd. as part of Xinjiang Baodi Mining Co., Ltd.'s proposed acquisition through share issuance. Group 1: Appraisal Purpose and Scope - The appraisal aims to assess the market value of the total equity of Xinjiang Congling Energy Co., Ltd. as part of a share acquisition by Xinjiang Baodi Mining Co., Ltd. [5] - The appraisal covers all audited assets and related liabilities of Xinjiang Congling Energy Co., Ltd. [5] - The appraisal date is set for December 31, 2024 [5] Group 2: Valuation Methodology and Results - The valuation methods employed include the asset-based approach and the income approach [5] - As of December 31, 2024, the total asset book value is 710.31 million yuan, with an appraisal value of 1,226.82 million yuan, indicating an appraisal increment of 516.51 million yuan [5] - The total liability book value is 386.19 million yuan, with an appraisal value of 386.17 million yuan, showing a decrement of 0.02 million yuan, resulting in a decrease rate of -0.01% [5] - The net asset book value is 324.12 million yuan, with an appraisal value of 840.66 million yuan, reflecting an appraisal increment of 516.54 million yuan [5] Group 3: Financial Performance - As of December 31, 2024, the company reports total assets of 710.31 million yuan, total liabilities of 386.19 million yuan, and net assets of 324.12 million yuan [25] - The company achieved operating revenue of 355.63 million yuan and a net profit of 84.92 million yuan for the year [25] Group 4: Regulatory and Compliance Aspects - The appraisal report is prepared in accordance with the asset appraisal basic standards issued by the Ministry of Finance and the professional standards of the China Asset Appraisal Association [2] - The appraisal report is intended for use by the client and other legally defined users, with restrictions on unauthorized use by other parties [2][3]

Group 1 - The company has established an insider information registrant management system in accordance with relevant laws and regulations, including the Company Law and Securities Law [1][2] - The company has adhered to the China Securities Regulatory Commission's regulations on confidentiality and prohibition of insider trading during the transaction process [1] - The scope of sensitive information is limited to core participants registered as insider information registrants, and the company has submitted necessary documentation to the Shanghai Stock Exchange [1] Group 2 - The company has implemented measures to restrict access to meetings related to the transaction, allowing only core management and registered participants [2] - The company has fulfilled its obligation to inform insider information registrants about confidentiality and the prohibition of insider trading to prevent information leakage [2]

新疆葱岭能源有限公司 审 计 报 告 大信审字2025第 12-00207 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 大信会计师事务所 WUYIGE Certified Public Accountants.LLP 电话 Telephone：+86（010）82330558 北京市海淀区知春路 1 号 Room 2206 22/F,Xueyuan International Tower 传真 Fax： +86（010） 82327668 学院国际大厦 22 层 2206 No.1 Zhichun Road,Haidian Dist. 网址 Internet： www.daxincpa.com.cn 邮编 100083 Beijing,China,100083 审计报告 大信审字2025第 12-00207 号 新疆葱岭能源有限公司全体股东： 一、审计意见 我们审计了新疆葱岭能源有限公司（以下简称"贵公司"）的财务报表，包括 2024 年 12 月 31 日、2023 年 12 月 31 日的资产负债表，2024 年度、2023 年度 ...

新疆宝地矿业股份有限公司董事会 除上述聘请行为外，公司本次交易不存在直接或间接有偿聘请其他第三方 机构或个人的行为。 关于本次交易中不存在有偿聘请其他第三方机构或个人的说明 新疆宝地矿业股份有限公司（以下简称"公司"）拟通过发行股份及支付 现金的方式向克州葱岭实业有限公司购买新疆葱岭能源有限公司（以下简称" 葱岭能源"）82%股权、拟通过支付现金的方式向JAAN INVESTMENTS CO. LTD.购买葱岭能源5%股权，并向包括新疆地矿投资（集团）有限责任公司在内 的不超过35名符合中国证监会条件的特定投资者发行股份募集配套资金（以下 简称"本次交易"）。 特此说明。 按照中国证监会《关于加强证券公司在投资银行类业务中聘请第三方等廉 洁从业风险防控的意见》的规定，公司在本次交易中聘请的中介机构情况如下： 顾问； 新疆宝地矿业股份有限公司董事会 及备考审阅机构； 构； 上述中介机构根据《上市公司重大资产重组管理办法》《公开发行证券的 公司信息披露内容与格式准则第26号——上市公司重大资产重组》《上市公司 并购重组财务顾问业务管理办法》及其他相关法规规范要求对本次交易出具了 专业意见或报告，本次聘请行为合法合 ...

公司可以采用现金、股票、现金与股票相结合或者法律、法规允许的其他方式 分配股利，具备现金分红条件的，优先采用现金分红的利润分配方式。 新疆宝地矿业股份有限公司 未来三年（2025-2027年）股东回报规划 新疆宝地矿业股份有限公司（以下简称"公司"）根据中国证监会《上市公司 监管指引第3号——上市公司现金分红》等相关文件及《公司章程》的规定，结合 公司实际发展情况，制定了公司未来三年（2025-2027年）的股东分红回报规划（ 以下简称"本规划"或"分红回报规划"），具体内容如下： 一、分红回报规划制定考虑因素 公司着眼于长远的和可持续的发展，综合考虑公司实际情况、发展目标，建立 对投资者持续、稳定、科学的回报规划与机制，从而对利润分配作出安排，以保证 利润分配政策的连续性和稳定性。 二、分红回报规划制定原则 公司实行稳定持续的利润分配政策，公司的股利分配应重视对投资者的合理投 资回报，并兼顾公司的可持续发展。公司利润分配不得超过累计可供分配利润的范 围，不得损害公司持续经营能力。 三、未来三年（2025-2027年）股东分红回报规划 （一）利润分配的形式 （二）现金分红的具体条件和比例 如无特殊情况，公司在 ...

及提交法律文件的有效性的说明 新疆宝地矿业股份有限公司（以下简称"公司"）拟通过发行股份及支付现 金的方式向克州葱岭实业有限公司购买新疆葱岭能源有限公司（以下简称"葱岭 能源"）82%股权、拟通过支付现金的方式向JAAN INVESTMENTS CO. LTD.购 买葱岭能源5%股权，并向包括新疆地矿投资（集团）有限责任公司在内的不超 过35名符合中国证监会条件的特定投资者发行股份募集配套资金（以下简称"本 次交易"）。 根据《公司法》《证券法》《上市公司信息披露管理办法》《上市公司监 管指引第9号——上市公司筹划和实施重大资产重组的监管要求》等相关法律法 规和规范性文件的相关规定，上市公司董事会就本次交易履行法定程序的完备 性、合规性及提交的法律文件的有效性进行了认真审核，特说明如下： 新疆宝地矿业股份有限公司董事会 关于本次交易履行法定程序的完备性、合法性 本次交易已经履行的决策程序及报批程序如下： 议案，独立董事已召开了独立董事专门会议并对相关事项形成审核意见； 及相关议案，独立董事已召开了独立董事专门会议并对相关事项形成审核意见； 致行动人吐鲁番金源矿冶有限责任公司原则性同意； 特此说明。 （二）本次 ...