Core Viewpoint - The announcement indicates that the company's convertible bond, "Dazhong Convertible Bond," may meet the conditions for redemption due to the stock price performance exceeding the specified threshold [2][8]. Group 1: Convertible Bond Basic Information - The company issued 15.2 million convertible bonds with a total fundraising amount of RMB 152 million, with an initial conversion price of RMB 11.36 per share [3]. - The bond's conversion period is from February 23, 2023, to August 16, 2028 [4]. - The conversion price has been adjusted from RMB 11.36 to RMB 10.76 per share as of June 26, 2025, following regulatory requirements [5][6]. Group 2: Conditional Redemption Terms - The company has the right to redeem the convertible bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [6][8]. - As of October 24, 2025, the stock price has been above RMB 13.99 (130% of the current conversion price of RMB 10.76) for 10 trading days [7]. Group 3: Investor Guidance - Investors are encouraged to review the company's announcements and the prospectus for detailed information regarding the convertible bonds and their terms [8].

Group 1: Company Overview - The company is named Dazhong Mining Co., Ltd., with stock code 001203 and bond code 127070 [1][2]. Group 2: Investor Relations Activity - The investor relations activity took place on November 6, 2025, at the office of Hunan Dazhong He Lithium Mine Co., Ltd. [2]. - Participants included various funds and securities firms, such as Bosera Fund, Changcheng Fund, and CITIC Securities [2]. Group 3: Lithium Mining Projects - The company is focused on acquiring high-quality lithium resources both domestically and internationally [2]. - The Hunan lithium project has a processing capacity of 20 million tons per year, with an annual output of 80,000 tons of lithium carbonate [6]. - The Sichuan project is planned to have a processing capacity of 2.6 million tons per year, with ongoing exploration showing good potential for resource increase [6]. Group 4: Cost Advantages - The Sichuan project benefits from high-grade lithium ore and significant future resource expansion potential, leading to economies of scale [4]. - The Hunan project utilizes an integrated mining and processing approach, significantly reducing costs and improving lithium recovery rates [4]. Group 5: Environmental and Technological Innovations - The company has developed a lithium slag harmless comprehensive extraction technology that reduces slag volume by 50% and meets Class I solid waste standards [3]. - The new sulfuric acid lithium extraction process enhances lithium recovery rates and allows for the simultaneous recovery of potassium and other valuable elements [4]. Group 6: Market Outlook and Strategy - The company anticipates that lithium prices will stabilize at reasonable levels due to supply-demand dynamics and high-cost producers exiting the market [5]. - The company plans to invest in new lithium battery materials based on market trends and will collaborate with quality downstream enterprises [7]. Group 7: Capital Expenditure and Financing - The total investment for the first phase of the Hunan project is approximately 176.22 million yuan, with an additional 130.43 million yuan for the lithium carbonate project [7]. - The company currently has stable operating cash flow to support project construction and does not have immediate financing needs [8].

| 证券代码：001203 | 证券简称：大中矿业 | 公告编号：2025-122 | | --- | --- | --- | | 债券代码：127070 | 债券简称：大中转债 | | 大中矿业股份有限公司 关于"大中转债"可能满足赎回条件的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 证券代码：001203，证券简称：大中矿业 债券代码：127070，债券简称：大中转债 转股价格：10.76 元/股 转股时间：2023 年 2 月 23 日至 2028 年 8 月 16 日 自 2025 年 10 月 24 日至 2025 年 11 月 6 日，大中矿业股份有限公司（以下 简称"公司"）股票已有 10 个交易日的收盘价格不低于"大中转债"当期转股 价格（即 10.76 元/股）的 130%（即 13.99 元/股）。 若未来触发"大中转债"的有条件赎回条款："在转股期内，如果公司股票 在任何连续三十个交易日中至少十五个交易日的收盘价格不低于当期转股价格 的 130%（含 130%）"，届时根据《内蒙古大中矿业股份有限公司公开发行可 ...

Core Points - The company announced that from October 24, 2025, to November 6, 2025, its stock price has closed at or above 130% of the current conversion price of "Dazhong Convertible Bonds" for 10 trading days [2] - If the stock price condition is met, the company will convene a board meeting to decide on the conditional redemption of the "Dazhong Convertible Bonds" [2] - The redemption will be based on the bond's face value plus accrued interest, as stipulated in the bond issuance prospectus [2]

Market Overview - The steel raw materials sector increased by 2.28% on November 6, with Dazhong Mining leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Dazhong Mining (001203) closed at 21.44, with a rise of 10.01% and a trading volume of 569,300 shares, totaling a transaction value of 1.198 billion [1] - Guangdong Mingzhu (600382) rose by 5.18% to 7.71, with a transaction value of 396 million [1] - Baodi Mining (601121) increased by 3.35% to 7.41, with a transaction value of 215 million [1] - Other notable stocks include HeSteel Resources (000923) up 3.33% to 18.29 and Fangda Carbon (600516) up 2.68% to 6.51 [1] Capital Flow - The steel raw materials sector saw a net inflow of 69.71 million from institutional investors, while retail investors experienced a net outflow of 9.89 million [1] - Dazhong Mining had a net inflow of 113 million from institutional investors, despite a net outflow of 55.53 million from retail investors [2] - Fangda Carbon also saw a significant net inflow of 88.32 million from institutional investors, with retail investors withdrawing 6.89 million [2]

Core Viewpoint - The article highlights the commencement of a new lithium slag harmless comprehensive utilization project by Hunan Dazhonghe Lithium Mine Co., Ltd., which is expected to produce 80,000 tons of battery-grade lithium carbonate annually by 2028 [1]. Group 1 - Hunan Dazhonghe Lithium Mine has launched a lithium slag utilization project that aims for an annual output of 80,000 tons of battery-grade lithium carbonate, with completion expected in 2028 [1]. - On the same day, Dazhong Mining's parent company announced that its wholly-owned subsidiary, Chenzhou Chengtai Mining Investment Co., Ltd., received a 30-year mining license for the Hunan Jijia Mountain lithium mine, marking the first large-scale lithium mining license obtained by Dazhong Mining [1]. - The lithium resources at the Jijia Mountain mine are evaluated at 48,987.2 million tons, equivalent to approximately 3.2443 million tons of lithium carbonate, with an approved open-pit mining scale of 20 million tons per year [1][2].

Core Insights - The market saw a total of 47 stocks hitting the daily limit up, with 11 stocks achieving consecutive limit ups, and 21 stocks failing to maintain their limit up status, resulting in a limit up rate of 69% [1] Group 1: Market Performance - A total of 47 stocks reached the limit up today, indicating strong market activity [1] - The number of stocks with consecutive limit ups stands at 11, showcasing a trend of sustained investor interest [1] - The limit up rate, excluding ST and delisted stocks, is reported at 69%, reflecting overall market sentiment [1] Group 2: Focus Stocks - The controllable nuclear fusion concept stock, Hailu Heavy Industry (002255), achieved 4 consecutive limit ups, highlighting its strong market performance [1] - The solid-state battery sector saw Dazhong Mining (001203) and Zhenhua Co., Ltd. (603067) both achieving 4 limit ups over 7 days, indicating robust investor confidence in this sector [1] - Fujian local stock Mindong Electric Power (000993) recorded 3 consecutive limit ups, while the power grid equipment sector stock Moen Electric (002451) also achieved 3 consecutive limit ups, reflecting sector-specific growth [1]

Core Viewpoint - The announcement from Dazhong Mining indicates that there are no guarantees provided by the company or its subsidiaries to entities outside the consolidated financial statements, and there are no overdue guarantees or related litigation amounts [2] Summary by Categories - **Company Guarantees** - Dazhong Mining confirmed that it does not provide guarantees to any units outside the scope of its consolidated financial statements [2] - There are no overdue guarantees or amounts related to litigation due to guarantees [2] - The company has not incurred any losses from guarantees resulting in adverse judgments [2]

大中矿业股份有限公司 关于公司为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、大中矿业股份有限公司（以下简称"公司"）及子公司累计对外担保余 额为 492,747.75 万元（包含本次担保金额），占公司最近一期经审计净资产的 75.66%。 2、公司及子公司未对合并报表范围外的公司提供担保。 3、公司及子公司未发生逾期担保、涉及诉讼的担保及因担保被判决败诉而 应承担损失的情况。 | 证券代码：001203 | 证券简称：大中矿业 | 公告编号：2025-121 | | --- | --- | --- | | 债券代码：127070 | 债券简称：大中转债 | | 一、担保情况概述 公司分别于 2025 年 4 月 18 日、2025 年 5 月 9 日召开第六届董事会第十一 次会议和 2024 年度股东大会，审议通过了《关于公司及子公司 2025 年度对外担 保额度预计的议案》，同意公司及子公司根据正常生产经营的资金需求，2025 年度公司为子公司提供担保、子公司为公司提供担保额度总计不超过 437,000 万元 ...

Core Viewpoint - The company, Dazhong Mining (001203.SZ), announced a share buyback program, indicating a strategic move to enhance shareholder value and confidence in the company's future prospects [1] Group 1: Share Buyback Details - The company repurchased a total of 20.32 million shares, which represents 1.35% of its current total share capital [1] - The highest transaction price during the buyback was 12.28 CNY per share, while the lowest was 8.50 CNY per share [1] - The total amount spent on the buyback was 202 million CNY, excluding transaction fees [1]