Group 1 - The major shareholder, Zijin Mining Investment (Shanghai) Co., Ltd., has completed the issuance of exchangeable bonds amounting to RMB 700 million [2][3] - The exchangeable bonds, named "25 Zijin E1," have an initial conversion price of RMB 7.32 per share and a term of 3 years with a coupon rate of 0.01% [3][5] - The conversion period for the bonds will start from March 12, 2026, and end on September 8, 2028 [3] Group 2 - The company has received a no-objection letter from the Shenzhen Stock Exchange regarding the issuance of the exchangeable bonds [1] - The issuance process included the pledge of shares held by Zijin Investment and its concerted action partner, Zijin Mining Zinan (Xiamen) Investment Partnership [2] - The company will ensure timely disclosure of relevant information regarding the exchangeable bonds as required [3]