Core Viewpoint - Feinan Resources (301500) engages in the comprehensive utilization of polymetallic resources, utilizing copper and nickel extractants in its processes [1] Company Summary - Feinan Resources has confirmed its involvement in the use of copper extractants and nickel extractants during the resource extraction process [1]

Group 1 - The company Guangxi Feinan has obtained a hazardous waste operating license from the Guangxi Zhuang Autonomous Region Ecological Environment Department, valid until May 26, 2025 [1] - Guangxi Feinan submitted the renewal application for the license on April 2025, and the application has been accepted, with the renewal process currently underway [1] - The company emphasizes that the expiration of the license will not significantly impact its normal production and operations, as the main raw materials are copper and nickel, which are not classified as hazardous waste [1] Group 2 - The company will maintain close communication with relevant departments to coordinate and follow up on the approval process, ensuring timely information disclosure based on the renewal status [2]