Group 1 - The company held its 22nd meeting of the 9th Board of Directors on June 16, 2025, with all members ensuring the accuracy and completeness of the disclosed information [1] - The Board approved the issuance of A-shares to specific investors, confirming compliance with relevant laws and regulations [1][2] - The issuance will involve no more than 35 specific investors, including China Nonferrous Metal Mining Group Co., Ltd. and China Nonferrous Metal (Ningxia) Oriental Group Co., Ltd. [2][3] Group 2 - The shares will be issued at a price not lower than 80% of the average trading price over the previous 20 trading days [3][4] - The total amount raised from this issuance will not exceed RMB 1.2 billion, with funds allocated to three projects and working capital [5] - The maximum number of shares to be issued is capped at 151,490,478 shares [5] Group 3 - The company plans to use the raised funds for the construction of a digital hydrometallurgy factory, the renovation of a smelting production line, and the establishment of a high-end product production line [5] - The company will utilize self-raised funds for initial investments in these projects before the raised funds are available [5] Group 4 - After the issuance, if the shareholding of China Nonferrous Group and China Nonferrous Oriental Group increases by no more than 2%, the shares will be locked for 18 months; if the increase exceeds 2%, the lock-up period extends to 36 months [7][11][12] - The shares will be listed on the Shenzhen Stock Exchange [8] Group 5 - The Board authorized the management to handle all matters related to the issuance, including the establishment of a special account for the raised funds [14][15] - The company will hold a shareholders' meeting to discuss and vote on the issuance plan [16]

Core Viewpoint - The company has established a three-year shareholder return plan for 2025-2027 to enhance its dividend decision-making and regulatory mechanisms, ensuring a stable and transparent return to shareholders [1] Group 1: Factors Considered in the Shareholder Return Plan - The plan considers long-term sustainable development, analyzing operational performance, shareholder expectations, social capital costs, and external financing environments [1] - The company aims to create a systematic arrangement for profit distribution to maintain continuity and stability in its profit distribution policy [1] Group 2: Principles for Formulating the Shareholder Return Plan - The formulation of the plan adheres to relevant laws and regulations, balancing shareholder returns with the company's long-term development [2] - The profit distribution policy emphasizes reasonable returns to investors, ensuring continuity and stability [2] Group 3: Profit Distribution Policy - The company will distribute profits through cash, stock, or a combination of both, prioritizing cash dividends when operational and financial conditions allow [2] - Cash dividends will only be implemented if the company is profitable, has positive retained earnings, and meets specific financial conditions [2][3] Group 4: Conditions for Cash Dividends - Cash dividends are contingent upon the company achieving profitability, having sufficient retained earnings, and not having significant investment plans or cash expenditures exceeding 30% of the latest audited net assets [3] - The company plans to distribute cash dividends at least once a year, with a minimum of 10% of the current year's distributable profits or 30% of the average annual distributable profits over the last three years [3] Group 5: Differentiated Cash Dividend Policy - The board will consider industry characteristics, development stages, and significant capital expenditures to propose a differentiated cash dividend policy [3][4] - The minimum cash dividend proportions are set at 80%, 40%, and 20% for different scenarios [4] Group 6: Conditions for Stock Dividends - Stock dividends may be issued when revenue grows rapidly, and the board believes the stock price does not align with the capital structure, provided cash dividends are also distributed [4] Group 7: Protection of Public Investors - The company will deduct cash dividends from shareholders who have misappropriated company funds to repay the occupied amounts [4] Group 8: Profit Distribution Decision Mechanism - The board must discuss profit distribution plans with independent directors and obtain a two-thirds majority approval from the board and independent directors before presenting to the shareholders' meeting [4][5] Group 9: Communication with Shareholders - The company will actively communicate with shareholders, especially minority shareholders, to gather feedback on cash dividend proposals [5] Group 10: Adjustments to Profit Distribution Policy - Any modifications to the profit distribution policy must comply with laws and regulations and require approval from the shareholders' meeting [5] Group 11: Other Matters - The plan will be executed in accordance with relevant laws and regulations, with the board responsible for its interpretation [5]

Group 1 - Key Point 1: Major project construction is viewed as a "ballast stone" for stabilizing economic operations and a "strong engine" for driving economic growth [1] - Key Point 2: The tax authorities in Hotan region are enhancing intelligent, refined, and personalized tax services to support major project construction [1] Group 2 - Key Point 1: Xinjiang Kunlun Blue Diamond Lithium Industry Co., Ltd. was established in 2023 to develop a comprehensive smelting project for rare metal resources [2] - Key Point 2: The company faces significant financial pressure due to high investment costs and long production cycles in photovoltaic projects [2] - Key Point 3: The Hotan tax bureau provided targeted support, including tax reductions and risk prevention guidance, which alleviated the company's financial pressure [2] Group 3 - Key Point 1: The construction project in Minfeng County has a total investment of 132 million yuan and is expected to generate an annual output value of 170 million yuan upon completion [3] - Key Point 2: The Hotan tax bureau established a special guidance team to assist with tax registration, invoice management, and tax declaration throughout the project [3] - Key Point 3: The tax bureau aims to optimize services by implementing a mechanism for precise policy delivery, dynamic risk prevention, and rapid response to demands [3]