Core Viewpoint - The company will hold an investor briefing on November 27, 2025, to discuss its Q3 2025 performance and financial results, allowing for interactive communication with investors [2][3][4]. Group 1: Meeting Details - The investor briefing is scheduled for November 27, 2025, from 15:00 to 16:00 [4]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center, accessible online [4]. - The format of the meeting will be an online interactive session [3][4]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [5]. - Questions can be submitted from November 20 to November 26, 2025, through the Roadshow Center's website or via the company's email [5]. - The company will address commonly asked questions during the briefing [5]. Group 3: Contact Information - The contact department for inquiries is the company's board office [6]. - The contact phone number is 010-82561878, and the email address is jchxsl@jchxmc.com [6]. Group 4: Additional Information - After the investor briefing, the main content and details of the meeting will be available on the Shanghai Stock Exchange Roadshow Center [7].

Fundraising Overview - The company, Jincheng Mining Management Co., Ltd., has issued 20 million convertible bonds with a face value of 100 RMB each, raising a total of 2 billion RMB, with a net amount of 1.986 billion RMB after deducting issuance costs of 13.6268 million RMB [2][4] - The funds were fully received by October 10, 2025, and the accounting firm Zhonghui has verified the receipt of these funds [2][4] Regulatory Compliance - The company has established a special account for the management and use of the raised funds, in compliance with relevant laws and regulations, including the Shanghai Stock Exchange's rules [3][4] - A tripartite regulatory agreement has been signed with the underwriting institution and the banks involved to ensure proper management of the funds [3][5] Agreement Details - The special account is exclusively for the storage and use of funds raised from the convertible bond issuance, prohibiting any other use [5] - The underwriting institution is responsible for supervising the use of the funds and must conduct at least biannual inspections [5][7] - Monthly account statements will be provided to the company, and any withdrawals exceeding 20% of the net raised amount must be reported to the underwriting institution [7][8] Agreement Validity - The agreement will remain effective until all funds in the special account are fully utilized and the account is legally closed [8]

Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "Jincheng Convertible Bonds," despite triggering the redemption conditions due to stock price performance during the specified period [1][3]. Summary by Sections 1. Basic Information on "Jincheng Convertible Bonds" - The company issued 1 million convertible bonds with a total value of 100 million yuan, approved by the China Securities Regulatory Commission on December 23, 2020, with a maturity of 6 years [1][2]. - The initial conversion price was set at 12.73 yuan per share, which has been adjusted multiple times due to profit distribution plans, currently standing at 11.78 yuan per share as of June 27, 2025 [2]. 2. Triggering of Early Redemption Conditions - The early redemption conditions are based on the stock price being at least 130% of the conversion price for at least 15 out of 30 consecutive trading days [2][3]. - The stock price from October 10 to October 30, 2025, met the criteria, triggering the redemption clause [3]. 3. Decision on Early Redemption - On October 30, 2025, the company's board unanimously decided not to exercise the early redemption rights for the "Jincheng Convertible Bonds" [3]. - The company will not redeem the bonds early during the remaining conversion period from October 31, 2025, to December 22, 2026, even if the stock price conditions are met again [3]. 4. Shareholder Activity Regarding "Jincheng Convertible Bonds" - There have been no transactions involving "Jincheng Convertible Bonds" by major shareholders or executives in the six months leading up to the triggering of the redemption conditions, and there are no plans for future reductions [4].

Core Viewpoint - The company has decided not to exercise the early redemption rights for the "Jincheng Convertible Bonds" despite triggering the redemption conditions due to stock price performance [2][7]. Group 1: Convertible Bond Overview - The company issued 1 million convertible bonds with a total value of 100 million yuan, with a maturity of 6 years starting from December 23, 2020 [3]. - The initial conversion price was set at 12.73 yuan per share, which has been adjusted multiple times due to profit distribution, currently standing at 11.78 yuan per share as of June 27, 2025 [4]. Group 2: Redemption Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5]. - The stock price from October 10 to October 30, 2025, met the criteria for early redemption, triggering the company's decision-making process [6]. Group 3: Decision on Early Redemption - On October 30, 2025, the board unanimously decided not to redeem the bonds early, considering the current market conditions and the bonds' impending maturity on December 22, 2026 [7]. - The company will not exercise early redemption rights during the remaining conversion period if the stock price conditions are met again [7]. Group 4: Shareholder Activity - There have been no transactions of "Jincheng Convertible Bonds" by major shareholders or executives in the six months leading up to the triggering of the redemption conditions, and there are no plans for future reductions [7].

Core Points - The company announced that its stock price triggered the redemption clause of the "Jincheng Convertible Bonds" from October 10, 2025, to October 30, 2025 [2] - The board of directors decided not to exercise the early redemption rights for the "Jincheng Convertible Bonds" [2] - During the remaining conversion period of the "Jincheng Convertible Bonds" (from October 31, 2025, to December 22, 2026), the company will not exercise early redemption rights if the stock price closes at or above 130% of the conversion price for at least 15 out of 30 consecutive trading days [2]

Group 1 - The company, Jincheng Mining Management Co., Ltd., has issued a notice regarding the potential redemption conditions of its convertible bonds, known as "Jincheng Convertible Bonds" [1][7] - The company issued 1 million convertible bonds with a total value of 1 billion yuan, which are set to mature in 6 years [2] - The initial conversion price of the bonds was adjusted multiple times due to profit distribution plans, with the current conversion price being 12.43 yuan per share [3][4] Group 2 - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [4][5] - The company previously decided not to exercise its redemption rights during a specified period, with a new evaluation period starting from October 10, 2025 [5] - As of October 23, 2025, the company's stock price has met the criteria for triggering the redemption clause, indicating a potential future redemption of the bonds [5][7]

Core Viewpoint - The announcement provides an update on the conversion of the "Jincheng Convertible Bonds" into company shares, detailing the cumulative conversion amounts and the remaining unconverted bonds as of September 30, 2025 [2][4][5]. Summary by Sections 1. Cumulative Conversion Status - As of September 30, 2025, a total of 504,069,000 yuan of "Jincheng Convertible Bonds" has been converted into company shares, resulting in 40,371,655 shares, which accounts for 6.92% of the total shares before conversion [2][4]. 2. Unconverted Bonds - As of September 30, 2025, the amount of "Jincheng Convertible Bonds" that has not been converted is 495,931,000 yuan, representing 49.59% of the total issuance [2][5]. 3. Recent Conversion Activity - From July 1, 2025, to September 30, 2025, the conversion amount of "Jincheng Convertible Bonds" was 26,000 yuan, resulting in 2,199 shares, which is 0.0004% of the total shares before conversion [2][4]. 4. Convertible Bond Issuance Overview - The company issued 1 million hands of convertible bonds on December 23, 2020, with a total issuance amount of 100 million yuan. The bonds began trading on January 14, 2021, and the conversion period is from June 29, 2021, to December 22, 2026. The conversion price was adjusted to 11.78 yuan per share effective June 27, 2025 [3].

Group 1 - The controlling shareholder of Jinchengxin Mining Management Co., Ltd., Jinchengxin Group Co., Ltd., holds approximately 243 million shares, accounting for 38.88% of the total share capital of the company [1] - A total of 33 million shares have been pledged, representing 5.29% of the total share capital and 13.61% of the shares directly held by the controlling shareholder [1] Group 2 - The industry is closely monitoring a large-scale procurement organized by the state, which has raised concerns due to low bidding prices that require further explanation from bidding companies [1]

Group 1 - The third extraordinary general meeting of shareholders was held on September 10, 2025, at the company's conference room in Beijing [2] - The meeting was convened by the board of directors and chaired by the chairman Wang Qinghai, utilizing both on-site and online voting methods [2][3] - All nine current directors attended the meeting, along with the board secretary and some senior management personnel [3] Group 2 - Two resolutions were passed during the meeting: one to extend the validity period of the resolution for issuing convertible bonds to unspecified objects, and another to extend the authorization for the board of directors to handle matters related to the issuance of convertible bonds [4][5] - The resolutions were classified as special resolutions and required approval from more than two-thirds of the voting rights held by attending shareholders or their proxies [5] Group 3 - The meeting was witnessed by lawyers from Beijing Guofeng Law Firm, who confirmed that the meeting's procedures complied with relevant laws and regulations [6]

Core Points - The company has completed the sale of all shares held under the second employee stock ownership plan [1][2] - The employee stock ownership plan was approved in October 2021 and involved the transfer of 6,119,910 shares, representing approximately 1.03% of the company's total share capital [2][3] - The lock-up period for the shares lasted 12 months, while the plan's total duration is 48 months, set to expire in December 2025 [2][3] Employee Stock Ownership Plan Details - The second employee stock ownership plan was initiated with a share transfer at a price of 8.17 yuan per share [2] - The plan's stock rights will be distributed in three phases based on annual performance targets from 2021 to 2023, with distribution ratios of 33%, 33%, and 34% [3] - The management committee of the plan has completed the first two phases of equity distribution in March 2023 and March 2024 [3] Sale and Termination of the Plan - The shares were sold through centralized bidding from December 14, 2022, to September 4, 2025, in compliance with market trading rules [3][4] - The management committee will finalize asset liquidation and distribution, leading to the early termination of the employee stock ownership plan [4]