Board of Directors' Explanation on Compliance with Article 4 of the Regulatory Requirements for Major Asset Restructuring

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The Board of Directors of Guocheng Mining Co., Ltd. announces a cash purchase of 40% equity in Inner Mongolia Guocheng Industry Co., Ltd. from CITIC Trust. This transaction constitutes a related party transaction and a major asset restructuring. The board confirms that the transaction complies with regulatory requirements, enhancing the company's operational independence and financial stability.

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