China Uranium Corporation Limited
Announcement on the Use of Raised Funds for Project Construction
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
China Uranium Corporation Limited (hereinafter referred to as the "Company" or "China Uranium") held the fourth meeting of the second Board of Directors on August 10, 2026, and deliberated and passed the "Proposal on the Use of Raised Funds for Project Construction." It was agreed that the Company would use the excess raised funds to invest in the Haddatu Uranium Mine in-situ leaching project supporting facilities and the key technology research and engineering demonstration project for integrated coal and uranium mining, with a total estimated investment of RMB 28,820.31 million (of which RMB 25,262.54 million will be from excess raised funds and RMB 3,557.77 million from self-owned funds). The final total project investment will be subject to actual investment. This investment does not constitute a related party transaction or a major asset restructuring. The sponsor, CITIC Securities Co., Ltd., has issued a no-objection review opinion on the use of excess raised funds for project construction. This proposal is subject to approval by the Company's shareholders' meeting. The relevant specific matters are hereby announced as follows:
I. Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission's "Reply on Agreeing to the Registration of China Uranium Corporation Limited's Initial Public Offering of Shares" (Zhengjian Permit [2025] No. 2151) and the Shenzhen Stock Exchange, the Company issued 248,181,818 ordinary shares of RMB ordinary shares (A shares) at an issuance price of RMB 17.89 per share. The total amount of funds raised was RMB 4,439,972,724.02. After deducting issuance expenses of RMB 77,347,332.95, the net amount of funds raised was RMB 4,362,625,391.07. The aforementioned raised funds were transferred to the Company's designated account on November 27, 2025. Daixin Certified Public Accountants (Special General Partnership) has audited the capital verification of the raised funds and issued the "Capital Verification Report" (Daixin Yan Zi [2025] No. 1-00082).
The Company and its subsidiaries (CNNC Inner Mongolia Mining Co., Ltd., CNNC Xinjiang Tianshan Uranium Co., Ltd., CNNC Shaoguan Jinyuan Uranium Co., Ltd., CNNC Guayuan Uranium Co., Ltd., CNNC Southern New Materials Co., Ltd., CNNC Huazhong New Materials Co., Ltd.) have opened special accounts for raised funds. The raised funds are deposited in the special accounts and tripartite custody agreements have been signed with the sponsor and the banks where the funds are deposited.
II. Use of Raised Funds
As of December 31, 2025, the use of raised funds is as follows: