Group 1 - The core business of the company is focused on phosphorus chemicals and non-ferrous metal zinc smelting, with main products including zinc ingots, zinc alloys, phosphate series products, and compound fertilizers [1] - The company holds a 30% stake in Tibet Hongda Duolong Mining Co., Ltd., which currently possesses exploration rights for the Duolong Copper Mine and the Dubuzaxi Copper Mine [1] - Tibet Hongda Duolong Mining Co., Ltd. is actively advancing the "exploration to production" transition and the preliminary preparations for the development of the Duolong Copper Mine, aiming to convert high-quality resources into actual benefits as soon as possible [1]

Core Viewpoint - Hongda Co., Ltd. is actively pursuing the mining rights application for the Duolong Copper Mine, which has been submitted to the Tibet Autonomous Region's Natural Resources Department for approval [1] Group 1 - The company is in close communication with various levels of authorities to facilitate the processing of necessary permits [1] - Duolong Company is making every effort to expedite the acquisition of the mining rights certificate [1] - The timeline for obtaining the mining certificate will depend on the completion of the approval process by the relevant authorities [1]

Core Viewpoint - Hongda Co., Ltd. is actively conducting resource expansion work at the Duolong Copper Mine, with results to be announced by the Tibet Autonomous Region Natural Resources Department after review [1] Group 1 - The resource expansion work at Duolong Copper Mine is in progress [1] - The results of the resource expansion will be subject to review before being announced [1] - The announcement will be made by the Tibet Autonomous Region Natural Resources Department [1]

Core Viewpoint - The company is actively pursuing the mining rights for the Duolong copper mine, with the application having been submitted and currently under review by the relevant authorities [1] Group 1 - The Duolong copper mine mining rights application was officially obtained on September 10, 2025 [1] - The approval opinion from the Ali Regional Administrative Office has been received, and the application has been submitted to the Tibet Autonomous Region Natural Resources Department for further approval [1] - Duolong Company is making every effort to expedite the processing of the mining rights [1]

Core Viewpoint - Hongda Co., Ltd. announced a phased investment in its associate company Duolong Mining, maintaining a 30% stake after a monetary contribution of 158.53 million yuan [1] Group 1 - Hongda Co., Ltd. plans to invest 158.53 million yuan in Duolong Mining, in collaboration with its affiliate Hongda Group [1] - The investment will not change Hongda Co., Ltd.'s ownership percentage in Duolong Mining, which remains at 30% [1] - Duolong Mining currently holds exploration rights for two mines: Duolong Copper Mine and Duobuzaxi Copper Mine, with the Duolong Copper Mine having entered the "exploration to production" phase [1]