Shengda Resources Co., Ltd.

Shengda Resources Co., Ltd. is a prominent player in the nonferrous metals mining sector, listed on the Shenzhen Stock Exchange since 1996. The company specializes in mining development, sales, trade, investment, and investment management, with a strong focus on silver and gold production. Shengda Resources is recognized for its substantial production scale of silver, positioning it as a well-known brand within the domestic nonferrous metal industry. The company operates seven mines, including the significant eren Tolgoi silver mine, which is noted for its large silver deposit reserves and production capacity. Shengda Resources has a cumulative ascertained silver metal quantity of approximately 12,000 tons and gold metal quantity of around 34 tons. With an annual mining and beneficiation capacity of 1.98 million tons, the company emphasizes sustainable practices, operating all its production mines as green mines. Shengda Resources aims to enhance its market competitiveness through technological innovation, resource acquisition, and a commitment to corporate social responsibility.

The mines of the Company possess rich mineral resources with high grade and long service life. As a leading enterprise in China’s silver industry, Shengda Resources has a cumulative ascertained silver metal quantity of approximately 12,000 tons and a gold metal quantity of approximately 34 tons after being reviewed and filed for record. By the end of 2024, the silver metal reserves exceeded 7,000 tons and the gold metal reserves exceeded 26 tons, ranking in the forefront of A-shares. Its annual mining and beneficiation capacity reaches 1.98 million tons. The Company’s gross profit margin of metal mining and beneficiation has long ranked in the forefront of listed companies on Shenzhen Stock Exchange. The Company has outstanding talents and technology advantages, and has a highly skilled and experienced team. The mining and mineral processing equipment is advanced and the technology is mature. The Company has accumulated valuable experience in mine management, project development and technological innovation by efficient operation. The Company attaches great importance to the green ecological construction of mines, four mines in production are all green mines, which are national or autonomous region level green mines. the Company's other mines are also under construction in accordance with the green mine standards, to further strengthen the sustainable development of the company's business.