Zangge Mining Convenes Its 2025 Annual Work Conference

       On January 25, Zangge Mining Co., Ltd. convened its 2025 Annual Work Conference in Golmud. The meeting was attended by Wu Jianhui, Chairman of the Board; Xiao Yao, Vice Chairman and President; the Company’s Independent Directors; and other members of the senior management team.

       In his keynote address, Chairman Wu Jianhui noted that amid an increasingly complex global environment marked by intensified geopolitical dynamics and cyclical volatility in commodity markets, Zangge Mining has remained firmly committed over the past year to implementing Zijin Mining’s operating principles of “enhancing quality, controlling costs, and improving efficiency,” as well as its overarching guidelines of “proactive execution, reform and innovation, high strategic alignment, and risk control.” As a result, the Company achieved a positive performance trend characterized by steady progress and simultaneous improvements in quality and efficiency.

       Chairman Wu further provided an in-depth interpretation of Zijin Mining’s benchmark development experience, highlighting that its mature business portfolio, clear strategic roadmap, and advanced management model have offered valuable guidance and a clear strategic direction for Zangge Mining’s future development.

       Chairman Wu Jianhui also set out five key priorities for the Company’s work in 2026.
First, the Company will make every effort to ensure stable and increased production, reinforcing the fundamental base of its operations and advancing the potash fertilizer business toward stable output and optimized quality.
       Second, it will accelerate the advancement of key projects, with the Mamitsuo Salt Lake Project positioned as a core driver for cultivating new growth momentum.
       Third, the Company will deepen reform, opening-up, and innovation to further stimulate organizational vitality and internal momentum.
       Fourth, it will strengthen resource security and pursue expansion through mergers and acquisitions, laying a more solid foundation for long-term development.
       Fifth, the Company will maintain a strong bottom-line mindset, advancing green development in depth and ensuring robust and compliant operations.

       President Xiao Yao delivered a work report titled “Focusing on Core Value to Achieve Steady and High-Quality Development,” providing a comprehensive review of the Company’s performance in 2025 and outlining key tasks for 2026.

       First, the Company will focus on core assets and deepen lean operations. Planned production targets include 1.0 million tonnes of potassium chloride and 11,000 tonnes of battery-grade lithium carbonate. Leveraging Zijin Mining’s advantages in resources and technology, the Company will jointly advance breakthroughs in key areas and promote the commissioning and ramp-up of multiple projects. It will strive to achieve 20,000–25,000 tonnes of lithium carbonate production and sales at the Mamitsuo Salt Lake Project, while accelerating approval processes related to the Laos project.

       Second, the Company will deepen internal management reform, further refining a streamlined, standardized, and efficient group-level management and control model, and promoting the integrated implementation of institutional systems and digital empowerment.

       Third, the Company will continue to uphold a strong bottom-line mindset, strengthening safeguards for safety, environmental protection, and compliance, and striving to achieve the “three-zero” targets—zero major safety incidents, zero major environmental incidents, and zero major compliance violations.

       During the meeting, Independent Directors Liu Zhiyun, Hu Shanying, and Liu Ya delivered guidance remarks based on their respective areas of professional expertise and their experience serving with Zangge Mining. All three Independent Directors noted that 2025 represents a year of significant strategic importance for the Company, and emphasized that the strong performance in market capitalization and key financial indicators has provided solid momentum and confidence for the Company’s future development.

       In addition, Executive Vice President Li Jianchang, Chief Financial Officer Zhang Liping, and other members of senior management delivered specialized reports. Executive Vice President Li Jianchang focused on ESG development and safety and environmental protection, noting that in 2026 the Company will anchor its efforts around nine key priorities, including management systems, risk control, safety education, ecological protection, and digital and intelligent transformation, with the aim of comprehensively addressing management gaps and closing control weaknesses.

       Chief Financial Officer Zhang Liping emphasized that the finance and accounting team will, in 2026, prioritize end-to-end capital supervision, project compliance oversight, and operational efficiency analysis, thereby strengthening the Company’s financial safeguards.

       Sun Quan, Secretary of the Discipline Inspection Commission, underscored the importance of discipline enforcement and integrity development, stating that in 2026 the Company will conduct inspections of affiliated entities and audits of key business areas to reinforce disciplinary defenses.

       Meanwhile, Bao Jinlong, Deputy General Manager in charge of Construction and Supply Chain, highlighted supply chain management initiatives and confirmed that the Company will roll out the Supplier Relationship Management (SRM) system in 2026, further enhancing procurement efficiency and management effectiveness.

       The meeting emphasized that all employees should thoroughly understand and implement the key messages and requirements of the conference, translating the principles of “enhancing quality, increasing output, controlling costs, and improving efficiency” into concrete actions across every production line, every project, and every management process. The Company called for strengthened reform and innovation, a clear focus on core businesses, and firm adherence to compliance boundaries, with a pragmatic and results-oriented approach to ensure that all initiatives are effectively implemented and deliver tangible outcomes.

       Mid-level management personnel from the Group headquarters and its affiliated entities, along with award-winning teams and individuals and employee representatives, attended the conference at the Golmud main venue. Employees based in the Laos and Chengdu offices participated in the meeting via live video conferencing.