Core Viewpoint - The announcement details the revocation of an administrative penalty against Hongtai Mining, a wholly-owned subsidiary of Yunnan Loping Zinc & Electric Co., Ltd, by the Puding County Natural Resources Bureau due to procedural violations in the penalty process [1][2]. Group 1: Revocation of Penalty - The Puding County Natural Resources Bureau issued an administrative penalty on June 9, 2025, for alleged illegal mining activities by Hongtai Mining, which was later revoked on December 15, 2025, due to procedural errors [1]. - The revocation was based on the violation of Article 64 of the Administrative Penalty Law of the People's Republic of China, which mandates that hearings must be conducted by personnel not involved in the investigation [1]. Group 2: Administrative Review Application - Following the initial penalty, Hongtai Mining filed for an administrative review within the legal timeframe. However, upon the revocation of the penalty, the company withdrew its review application on the same day it received the revocation notice [2]. Group 3: Fine Payment Status - Hongtai Mining complied with the penalty by paying a total of 19,115,042.10 yuan, which included fines for illegal mining activities at both the sandstone lead-zinc mine and the Yuhua lead-zinc mine [3]. - The company paid 15,929,201.79 yuan for illegal gains and 3,185,840.36 yuan as a fine for the sandstone lead-zinc mine, along with an additional fine of 1,162,087.10 yuan for the Yuhua lead-zinc mine [3]. Group 4: Future Disclosure Obligations - The company will closely monitor the developments regarding the administrative penalty and will fulfill its information disclosure obligations to protect the interests of the company and its shareholders [4].