新疆宝地矿业股份有限公司关于控股子公司签订选厂改扩建项目生活区工程补充协议暨关联交易的公告

Core Viewpoint - The announcement details a supplementary agreement for the expansion of a living area project related to the mining operations of the company's subsidiary, which involves a financial commitment not exceeding 14 million yuan due to design changes necessitated by geological conditions [2][5][23]. Summary by Sections 1. Overview of Related Transactions - The company’s subsidiary, Hejing County Beizhan Mining Co., is advancing a 10 million tons per year mining project and will sign a supplementary agreement with its related party, Xinjiang Baodi Construction Co., for the living area project [2][4]. - The total cost of the supplementary agreement will not exceed 14 million yuan, funded by the subsidiary's own or raised funds [2][5]. 2. Previous Related Transactions - In the past twelve months, the company and its subsidiaries have engaged in related transactions with Baodi Construction amounting to 166.96 million yuan, with 151.86 million yuan from publicly tendered projects exempt from disclosure [3][9]. - The remaining amounts include daily related transactions and others that do not exceed the disclosure standards [3][9]. 3. Details of the Supplementary Agreement - The original contract for the living area project was signed in April 2025, with a bid amount of 97.91 million yuan [4][17]. - Due to geological conditions, the foundation design was changed, leading to an increase in project costs, which will be settled based on actual completion and acceptance [5][18]. 4. Approval Process - The supplementary agreement was approved by the independent directors and the audit committee, confirming that it does not require shareholder approval as it does not meet the threshold for significant asset restructuring [7][24][26]. - The board meeting held on December 22, 2025, confirmed the agreement with all relevant procedures followed [8][30]. 5. Impact on the Company - The supplementary agreement is deemed necessary for the normal business operations of the company and will not adversely affect its financial status or operational results [23][26]. - The pricing of the agreement is based on market principles and does not harm the interests of shareholders, particularly minority shareholders [16][23].