Announcement on Changes to Some Directors, Senior Management, and Legal Representative
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
As Da Zhong Mining Co., Ltd. (hereinafter referred to as the "Company") expands its management areas and faces increasingly severe safety management situations and mounting safety supervision pressure, there is an urgent need for more professional mining managers. The Company plans to adjust the positions of Mr. Wang Ximing and Mr. Lin Punsheng. Therefore, on June 18, 2026, the Sixth Board of Directors held its 26th meeting, which separately deliberated and approved the "Proposal on Appointing Senior Management Personnel of the Company" and the "Proposal on Electing Non-Independent Directors." On the same day, the Company held a workers' representative meeting, electing Ms. Guo Huimin as the new employee representative director of the Sixth Board of Directors.
Before adjustment: Mr. Wang Ximing served as Vice Chairman and Employee Representative Director; Mr. Lin Punsheng served as Director, General Manager, and Legal Representative.
After adjustment: Mr. Wang Ximing serves as Director, Vice Chairman, General Manager, and Legal Representative; Mr. Lin Punsheng serves as Director and Deputy General Manager; Ms. Guo Huimin serves as Employee Representative Director.
After this adjustment, the number of directors who concurrently hold senior management positions and the number of directors representing employees do not exceed one-half of the total number of directors of the Company, which complies with relevant laws and regulations and the "Company Articles of Association." The specific situation is as follows:
I. Regarding the Resignation of Employee Representative Directors and Senior Management Personnel
The Company's Board of Directors recently received written resignation reports from Mr. Wang Ximing and Mr. Lin Punsheng. Due to work adjustments and to meet corporate governance requirements, Mr. Wang Ximing applied to resign as an employee representative director. After resigning from this position, he was appointed General Manager by the 26th meeting of the Sixth Board of Directors and will also need to be appointed as a director by the second extraordinary general meeting of shareholders in 2026, concurrently serving as Vice Chairman. Mr. Lin Punsheng applied to resign as General Manager. After resigning from this position, he will continue to serve as a director of the Company and was appointed Deputy General Manager by the 26th meeting of the Sixth Board of Directors. The resignation reports of the aforementioned personnel shall take effect from the date they are delivered to the Board of Directors.
As of the disclosure date of this announcement, Mr. Wang Ximing directly holds 40,000 shares of the Company, representing a shareholding ratio of 0.0026%. Mr. Lin Punsheng directly holds 48,491,433 shares of the Company, representing a shareholding ratio of 3.16%. After this role adjustment, Mr. Wang Ximing and Mr. Lin Punsheng will continue to be directors and senior management personnel of the Company and will continue to comply with the "Securities Law," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Operation of Main Board Listed Companies," the "Interim Measures for the Reduction of Holdings by Shareholders of Listed Companies," and the "Company Articles of Association" and other relevant laws and regulations regarding the management of their company shares. Mr. Wang Ximing and Mr. Lin Punsheng have no outstanding commitments that should have been fulfilled but have not been fulfilled.
II. Regarding the Election of Non-Independent Directors and Employee Representative Directors