Independent Directors Conduct Year-End Research to Empower New Development

At the end of the year, Zangge Mining’s independent directors launched a series of in-depth on-site research activities, providing guidance and recommendations for the company’s development. These efforts carry significant meaning and far-reaching impact. The research covered key areas including party-building and legal affairs, annual audit plans and key audit projects, subsidiary internal control system construction, employee welfare and production, green mine initiatives, executive training, and market capitalization management.

During the investigation of the company’s party-building and litigation affairs, independent directors attentively reviewed legal reports, analyzed ongoing cases in depth, and emphasized the critical importance of lawful and compliant operations, urging the company to strengthen legal governance. They also commended the achievements in party leadership, encouraged innovative approaches to party-building, and promoted the integration of party initiatives with business operations, using party-building to drive development while highlighting the compliance and advancement of corporate governance.

Regarding internal control system construction, the independent directors received detailed reports and provided targeted improvement recommendations, strengthening the company’s internal control defenses and effectively safeguarding stable corporate development.

For the annual audit plan and key audit matters, independent directors engaged in face-to-face in-depth discussions with the finance department and auditors, rigorously reviewing financial data and audit processes. This ensured the annual report’s information was truthful, accurate, and complete, providing investors with reliable references for decision-making, maintaining capital market stability, and demonstrating accountability to shareholders.

During on-site inspections, the independent directors visited newly built staff dormitories and production workshops in the lake area, expressing concern for employee living conditions, highly praising the company’s welfare measures, and encouraging continuous improvement. They examined production details and interacted with frontline employees to gather first-hand information, aiming to enhance efficiency, improve quality, reduce costs, and demonstrate dual attention to both staff welfare and production.

Regarding the 2024 green mine initiatives, independent directors acknowledged the company’s environmental achievements while calling for further strengthening of environmental awareness, optimizing governance plans, achieving a win-win between economic and environmental benefits, building a positive corporate image, and emphasizing the company’s sustainable development philosophy.

Independent directors also paid close attention to shareholder matters, executive share management, and market capitalization management. Through specialized training, management’s awareness of compliance and risk prevention was enhanced, while in-depth discussions on market capitalization offered constructive insights from multiple perspectives, supporting both value realization and growth in the company’s market worth.

At the conclusion of the research, independent directors conducted a comprehensive assessment of the company’s 2024 achievements and challenges, providing targeted recommendations and continuously fulfilling their advisory and supervisory role to promote stable development. This research offered important guidance for management decisions, sent a positive signal to the market, enhanced investor confidence, and laid a solid foundation for long-term corporate growth. With the professional leadership of independent directors and the collective efforts of all Zangge employees, the company is poised to achieve even greater performance in 2025.