海南矿业股份有限公司关于发行股份及支付现金购买资产并募集配套资金暨关联交易事项的进展公告

Transaction Overview - Hainan Mining Co., Ltd. plans to acquire a total of 68.04% equity in ATZ Mining Limited and 51.52% equity in Felston Enterprises Limited through a combination of share issuance and cash payment [1] - The acquisition involves purchasing 47.63% and 36.06% stakes from Hainan Yuning Zirconium Titanium Holdings Co., Ltd., and an additional 20.41% and 15.46% stakes from ATZ Investment Limited [1] - The transaction is expected to be classified as a related party transaction and will not result in a change of the company's actual controller [1] Progress of the Transaction - The company's board approved the asset purchase and fundraising plan on December 15, 2024, with further disclosures made on subsequent dates [2] - Due to the overseas location of the target company's core assets, the due diligence process has taken longer than anticipated, delaying the notification for a shareholders' meeting [3] - As of the announcement date, internal integration of the target companies has been completed, and due diligence, auditing, and evaluation processes are ongoing [3]