Zangge Mining Co., Ltd. Successfully Holds 2023 Annual General Meeting of Shareholders

On the afternoon of April 10, Zangge Mining Co., Ltd. (hereinafter referred to as the "Company") held its 2023 Annual General Meeting of Shareholders at the 19th-floor conference room of Building 2, No. 1199, North Section of Tianfu Avenue, Chengdu High-tech Zone, combining onsite voting and online voting.

The meeting was convened at the proposal of the Company’s 9th Board of Directors, presided over by Mr. Xiao Ning, Chairman of the Board. All directors, supervisors, and the board secretary attended the meeting, with senior management, the financial director, and the company-appointed legal witness lawyers present.

A total of 54 shareholders and authorized representatives attended the meeting, representing 893,300,416 shares, accounting for 56.5224% of the company’s total shares, of which 9 shareholders and proxies attended in person, representing 595,040,018 shares, accounting for 37.6504% of the company’s total shares.

The convening, holding, and voting procedures of the meeting complied with relevant laws and regulations. Shanghai Jintiancheng (Chengdu) Law Firm witnessed the legality and compliance of the meeting and issued the Legal Opinion on the 2023 Annual General Meeting of Zangge Mining Co., Ltd.

During the meeting, 11 proposals were reviewed and approved, including the 2023 Annual Report (Full and Summary), 2023 Board of Directors Work Report, 2023 Supervisory Committee Work Report, 2023 Financial Final Accounts Report, 2024 Financial Budget Plan, and 2023 Profit Distribution Plan. Three independent directors also presented their 2023 performance reports to the shareholders.

The shareholders approved the 2023 Profit Distribution Plan, under which the Company will distribute a cash dividend of RMB 8.00 (inclusive of tax) per 10 shares based on 1,570,514,082 shares, without issuing bonus shares or capitalizing reserves. The total cash dividend amounts to RMB 1,256,411,265.60 (inclusive of tax).

Based on its stable operations, strong performance, comprehensive financial planning, and confidence in future development, the Company continues to implement cash dividends to enable shareholders to share in the Company’s success, greatly boosting investors’ confidence.

In 2024, the Company will continue to uphold its core values of “Scientific, Compliant, Innovative, Fair, Efficient, Win-win, Dedicated, Honest, and Progressive”, pursue the corporate vision of “Building a Competitive Industry Benchmark”, and fulfill the corporate mission of “Continuously Developing Salt Lake Resources and Leading Green Development”. The Company aims to enhance its industry position, continuously create value for society, and work hand in hand with investors to build a better future.