Core Points - The company has established a management system for entrusted financial management to enhance fund operation efficiency and safeguard assets while preventing investment risks [1][2] - The entrusted financial management is aimed at utilizing idle funds or raised funds without affecting normal operations and project funding [2][3] - The company must ensure that entrusted financial products are low-risk, highly liquid, and safe, with a preference for products that guarantee principal [6][7] Group 1 - The company can only use idle funds for entrusted financial management, ensuring it does not impact normal operations or project funding [2][3] - The financial products must be from reputable institutions with good credit and financial status, and the company must not have any related party transactions with the issuers [6][7] - The expected return on entrusted financial products should ideally exceed the current bank deposit interest rates [6][7] Group 2 - The company must follow strict approval processes for entrusted financial management, including board and shareholder approvals for significant amounts [11][12] - The finance department is responsible for managing the entrusted financial management, including risk assessment and tracking the performance of financial products [5][6] - Regular audits and checks are required to ensure compliance and assess the performance of the entrusted financial products [19][20] Group 3 - The company is required to disclose relevant information regarding entrusted financial management, including investment purposes, amounts, and risk analysis [25][27] - Specific disclosures are mandated when utilizing idle raised funds for cash management, including the status of the raised funds and the types of financial products used [29][30] - Violations of the established regulations may lead to disciplinary actions against responsible individuals [30]

Group 1 - The company held its second board meeting on July 24, 2025, with all 8 directors present, and the meeting complied with relevant laws and regulations [2][4] - The board approved a proposal for a subsidiary to sign a business cooperation agreement with an affiliated party regarding the Brownhill gold mine project in Zimbabwe, with an estimated revenue of $36.4 million [2][8] - The board also approved the establishment of several governance systems to enhance corporate governance and operational standards [5][6] Group 2 - The subsidiary Nanchang Mineral Systems Zimbabwe (Private) Limited will manage the surface oxide ore mining and leaching process, with revenue sharing set at 75% for the subsidiary and 25% for Sucpass Gold Resources [8][14] - The agreement is expected to positively impact the company's future operating performance and aligns with its strategy to expand into overseas markets [20][21] - The company has established a series of internal control mechanisms to mitigate potential risks associated with the overseas project [22] Group 3 - The company plans to hold its second extraordinary shareholders' meeting on August 11, 2025, to discuss the approved proposals [30][41] - The meeting will be conducted both in-person and via online voting, ensuring compliance with legal and regulatory requirements [31][34] - Shareholders must register to attend the meeting, with specific procedures outlined for both individual and corporate shareholders [36][44]

Core Points - The company aims to enhance the management of entrusted financial management while ensuring normal operational needs and improving fund management efficiency [1] - The entrusted financial management involves delegating investment and management of company assets to qualified financial institutions [1][2] - The company must select qualified financial institutions with good credit and financial status for entrusted management [2] Group 1: General Provisions - The entrusted financial management should only utilize idle funds without affecting the company's normal operations [1] - The investment products for cash management using temporarily idle raised funds must have a maturity of no more than twelve months and should prioritize safety and liquidity [2] Group 2: Decision Authority and Approval Procedures - If the entrusted financial management amount exceeds 10% of the latest audited net assets and is over 10 million RMB, it must be approved by the board of directors [2] - If the amount exceeds 50% of the latest audited net assets and is over 50 million RMB, it must also be submitted to the shareholders' meeting for approval [2] Group 3: Daily Management and Risk Control - The finance center is responsible for the daily management of entrusted financial management, including drafting annual plans and conducting feasibility analyses [3][4] - The audit center is tasked with auditing and supervising entrusted financial management projects, ensuring compliance with approval and fund usage [4][5] Group 4: Information Disclosure - The company must comply with the Shenzhen Stock Exchange regulations regarding information disclosure related to entrusted financial management [5] - The company is prohibited from using entrusted financial management to circumvent necessary approval procedures for asset purchases or external investments [5]