On the afternoon of April 10, Zangge Mining Co., Ltd. (the “Company”) held the 2023 Annual Shareholders’ Meeting in the conference room on the 19th floor of Building 2, No. 1199, North Section of Tianfu Avenue, High-tech Zone, Chengdu City, by means of both on-site and online voting. The meeting was proposed by the ninth board of directors of the Company, presided over by Mr. Xiao Ning, chairman of the Company, participated by the directors, supervisors and secretary of the board of directors, and attended by senior executives, chief financial officer and a witness lawyer engaged by the Company.

A total of 54 shareholders and authorized representatives of shareholders attended the meeting, representing 893,300,416 shares, accounting for 56.5224% of the Company’s total shares, of which 9 shareholders and shareholders’ representatives attended the on-site meeting, representing 595,040,018 shares, accounting for 37.6504% of the Company’s total shares. The convening, holding and voting procedures of this meeting are in compliance with the provisions of relevant laws and regulations. Shanghai AllBright (Chengdu) Law Offices witnessed the legality and compliance of the meeting, and issued the Legal Opinion of Shanghai AllBright (Chengdu) Law Offices on the 2023 Annual Shareholders’ Meeting of Zangge Mining Co., Ltd.

The meeting deliberated and approved 11 proposals, including the full text and summary of the 2023 annual report, the 2023 annual report of the board of directors, the 2023 annual report of the board of supervisors, the 2023 annual financial final account report, the 2024 financial budget plan, and the 2023 annual profit distribution plan. Three independent directors made their 2023 annual reports to shareholders.

According to the Proposal on the Company’s 2023 Annual Profit Distribution Plan deliberated and approved by the Shareholders’ Meeting, the Company will, based on 1,570,514,082 shares, distribute a cash dividend of RMB 8.00 (tax included) to all shareholders for every 10 shares, without bonus shares or Transfer of reserve fund into shares. The total cash dividend of the Company was RMB 1,256,411,265.60 (tax included). Based on the current stable operating situation, good operating performance, comprehensive capital calculation and confidence in future development, the Company continues to distribute cash dividends to enable all shareholders to share the company’s operating results, which greatly encourages investors’ confidence in the Company.

In 2024, with the corporate vision of “building an industry benchmark enterprise with core competitiveness” and the corporate mission of “continuously developing Salt Lake resources and being a leader in green development,” the Company will continue to practice the core values of “Science, Compliance, Innovation, Fairness, Efficiency, Win-Win, Dedication, Integrity and Diligence” to enhance its industrial status, create value for the society, and work with investors to create a better future.