CSG Mining Co., Ltd. Successfully Holds 2023 Annual Board of Directors Meeting

On the morning of March 20, CSG Mining Co., Ltd. (hereinafter referred to as “the Company”) successfully held the 12th meeting of the 9th Board of Directors in the conference room on the 29th floor of Building 2, No. 1199, North Section of Tianfu Avenue, High-tech Zone, Chengdu, combining onsite attendance with telecommunication. The Board reviewed and approved 15 resolutions, including the Full Text and Summary of the 2023 Annual Report and the 2023 Annual Profit Distribution Plan.

During the reporting period, the Company achieved operating revenue of RMB 5.226 billion and a net profit attributable to shareholders of the listed company of RMB 3.42 billion. The Board approved the 2023 Annual Profit Distribution Plan, which will be implemented after approval at the 2023 Annual General Meeting. Under this plan, the Company will distribute RMB 1.256 billion in cash dividends (including tax), at RMB 8.00 per 10 shares (including tax), with no bonus shares or capital reserve conversion. After implementation, the total cash dividends for 2023 will reach RMB 2.513 billion.

After the meeting, more than 100 personnel, including Company executives, department heads, and ESG officers, attended two specialized training sessions: “Media Response and Crisis Management” and “ESG Empowering High-Quality Corporate Development – Trends and Management Practices”. Following the training, the Company’s Investor Relations Officer, Mr. Chen Mudi, provided a progress report on investor relations management.

The training aimed to further improve standardized operations in corporate governance, crisis management, investor relations, ESG management practices, and information disclosure for listed companies; enhance compliance awareness and execution capability of management and staff; emphasize directors, supervisors, and senior executives’ duty to protect the rights of minority shareholders; further strengthen corporate compliance governance, achieve high-quality development, and continuously optimize business processes; improve ESG management, and promote compliance awareness and lawful duties among leaders at all levels. Establishing an Investor Relations (IR) team facilitates the efficient collection and consolidation of internal business information and implements compliant and effective two-way communication with analysts, investors, and other capital market participants, thereby increasing the Company’s visibility and recognition in the capital market.

In 2024, the Company will, while ensuring stable production of potash and lithium at Qinghai Chaerhan Salt Lake, continue to explore and develop potash and lithium mineral resources domestically and internationally; increase R&D investment, continuously optimize production processes and equipment efficiency for potash and lithium products; promote long-term improvement of business performance, sustained investor returns, and proactive fulfillment of social responsibilities. We look forward to working with all investors to achieve mutual growth between the Company and society, and to create a brighter and more prosperous future together.