Shengda Resources Co., Ltd.

Shengda Resources Co., Ltd. (stock code：000603.SZ，hereinafter referred to as “Shengda Resources” or “the Company”) got listed on Shenzhen Stock Exchange. The main business of the Company is mining development, sales, trade, investment and investment management. The comprehensive production scale of silver is among the best in the national nonferrous metal industry. And it is a large well-known brand enterprise in the domestic nonferrous metal industry. 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 owes seven mines at present, among which the eren Tolgoi silver mine owned by the subsidiary Jinshan mining is one of the independent large-scale silver mines with the largest single silver deposit reserves and production scale in China. Silver ingots (national standard 1#, 2#), gold, silver-bearing lead concentrate (with silver priced separately), silver-bearing zinc concentrate(with silver priced separately) and gold-bearing silver concentrate (with gold price separately) are the main products of the Company’s primary mine business, whose downstream customers are mainly smelting enterprise and non-ferrous metal trading companies. The Company has established the principle of "making precious metals bigger and stronger and accelerating the layout of new energy", strengthening the refined production and management of existing mines, prospecting and increasing reserves, attaching importance to the merger and acquisition of high-quality precious metal primary mineral resources projects such as gold and silver, strengthening team cooperation with scientific research institutes, and improving the reserves of gold and silver precious metals mineral resources, striving to become a silver industry leader with strong market competitiveness and a larger market share. The Company practices sustainable development and takes “Resources, make life better" as the corporate vision. The Company adheres to technology investment and innovation, actively undertake corporate social responsibility, and pursue win-win economic and social benefits.