Zhongxing Mining Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The controlling shareholder, Zhongxing Group Co., Ltd. (hereinafter referred to as "Zhongxing Group"), pledged 150 million shares of the Company in June 2025 for the issuance of exchangeable corporate bonds. For details, please refer to the announcement titled "Announcement on the Pledge of Shares by Controlling Shareholder" (Announcement No. 2025-076). On November 13, 2025, due to the Company's favorable stock price performance, which increased significantly since June, Zhongxing Group released the pledge on 65 million shares ahead of schedule. For details, please refer to the announcement titled "Announcement on the Release of Pledge on Shares by Controlling Shareholder" (Announcement No. 2025-126).
Recently, the Company received a notification from Zhongxing Group, indicating that the first phase of the exchangeable corporate bonds issued by Zhongxing Group has completed the share conversion and delisting, and all remaining pledged shares corresponding to this phase have now been released from pledge. The specific matters are as follows: