Special Verification Opinion on the Authenticity of Performance of Guocheng Mining Co., Ltd. During the Reporting Period
Guocheng Mining Co., Ltd. (hereinafter referred to as "Guocheng Mining," "the listed company," or "the company") intends to purchase 40% equity of 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" or "this restructuring"). Lianchu Securities Co., Ltd. (hereinafter referred to as "Lianchu Securities" or "the independent financial advisor") has been entrusted by the listed company to act as the independent financial advisor for this restructuring and has verified the authenticity of the performance of the target assets during the reporting period. The report is as follows:
1. Basic Information and Business Introduction of the Enterprise
(1) Basic Information of the Target Company
| Item | Details |
|---|
| Company Name | Inner Mongolia Guocheng Industrial Co., Ltd. |
| Nature of Enterprise | Limited liability company (wholly owned by legal persons, not natural persons) |
| Registered Location | Dazhu Village, Zhuozi County, Ulanqab City, Inner Mongolia Autonomous Region |
| Main Office Location | Dazhu Village, Zhuozi County, Ulanqab City, Inner Mongolia Autonomous Region |
| Legal Representative | Yang Bo |
| Registered Capital | 1,050 million yuan |
| Date of Establishment | May 9, 2005 |
| Unified Social Credit Code | 91150921772236347P |
| Business Scope | Exploration, mining, and deep processing of molybdenum polymetallic ores; production and sales; sales of iron powder, steel, hardware, chemical products (excluding hazardous chemicals), and building materials. |
(2) Overview of the Target Company's Business
Guocheng Industrial's main business is the mining and selection of molybdenum concentrate products.
(3) Key Financial Data from the Profit and Loss Statements During the Reporting Period
| Item | 2025 | 2024 |
|---|
| Operating Revenue | 244,184.66 | 218,534.11 |
| Operating Profit | 139,711.73 | 115,696.68 |
| Total Profit | 135,805.53 | 111,198.65 |
| Net Profit | 114,971.71 | 94,229.43 |
| Net Profit Attributable to Parent Company Owners | 114,971.71 | 94,229.43 |
| Net Profit Attributable to Parent Company Owners (after deducting non-recurring gains and losses) | 118,006.07 | 98,251.75 |
2. Target Company's Operating Revenue and Gross Margin Situation
(1) Operating Revenue of the Target Company During the Reporting Period
| Item | 2025 | 2024 | Amount | Proportion | Amount | Proportion |
|---|
| Main Business Revenue | 244,001.79 | 99.93% | 218,119.21 | 99.81% | | |
| Other Business Revenue | 182.88 | 0.07% | 414.90 | 0.19% | | |
| Total | 244,184.66 | 100.00% | 218,534.11 | 100.00% | | |