Statement of the Board of Directors on the Completeness, Compliance, and Validity of Legal Documents for This Transaction
Guocheng Mining Co., Ltd. (hereinafter referred to as "the Company" or "the Listed Company") intends to acquire a 40% equity stake in Inner Mongolia Guocheng Industrial Co., Ltd. (hereinafter referred to as "Guocheng Industrial") held by CITIC Trust Co., Ltd. (representing CITIC Trust · Xinhua No. 57 Equity Trust Plan) through cash payment (hereinafter referred to as "this transaction"). Upon completion of this transaction, Guocheng Industrial will become a wholly-owned subsidiary of the Listed Company. This transaction constitutes a related party transaction and a major asset restructuring.