From June 4 to 5, 2024, in order to strengthen investors’ understanding of the Company’s business progress and enhance the recognition of the company’s value by the capital market, the Company organized field research of investors on important mining areas and key mining resource projects under construction. The event attracted dozens of guests, including brokerage analysts and investors, and focused on the in-depth research of Mamitso Mining and Julong Copper. Mamitso Mining is an important mineral resource enterprise indirectly held by the Company through the Tibetan-Qinghai Fund. It covers an area of 115.36 square kilometers and contains about 2,501,100 tons of lithium chloride resources, equivalent to about 2,177,400 tons of lithium carbonate reserves. At present, Mamitso Mining is actively promoting the development of the first phase of the project with an annual output of 50,000 tons of lithium carbonate.

During the research on June 4, the research team had an in-depth discussion with the management of Mamitso Mining, enabling a comprehensive understanding of the operation status, resource development plan and future development strategy of the mining area by the investors. On June 5, the research team went to Julong Copper for in-depth research. Julong Copper is an important shareholding company of the Company (holding 30.78% equity). It owns the mining rights of Qulong Copper Mine, Zhibula Copper Mine and Rongmu Cuola Copper Mine, which is the largest copper mine project in high-altitude areas in China. At this stage, Julong Copper is continuing to promote the development of the second phase of the project, which is expected to be completed and put into operation by the end of 2025, when the annual capacity will reach 300,000-350,000 tons of mineral copper.

This event not only provided investors with a more intuitive understanding of the Company’s important mining areas and key projects under construction, but also further narrowed the distance between investors and the listed company. Through field visits and exchanges, the project enhanced investors’ understanding of the Company’s important ongoing projects, development direction and future planning, and also strengthened their confidence in the Company’s long-term development. The Company said that in the future, it will continue to maintain an open and transparent attitude, strengthen communication with investors, facilitate its business operations, strive to return the investors with better performance and effectively safeguard the interests of small and medium-sized investors.