Announcement on the Decision Document for On-site Handling Measures Received by Wholly-owned Subsidiary

Luoping Zinc Electric Co., Ltd.·June 2, 2026·2 pages

✨ AI Summary

Yunnan Luoping Zinc Electric Co., Ltd.'s wholly-owned subsidiary, Xiangrong Mining, received a decision document from the Puding County Emergency Management Bureau regarding safety violations. The company must immediately cease operations due to significant safety hazards identified during inspections. The impact on production and the timeline for resolving these issues remain uncertain, prompting the company to enhance oversight and compliance efforts.

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Full Translation

AI Translation· azure_openai

Yunnan Luoping Zinc Electric Co., Ltd. (hereinafter referred to as "the Company") announces that its wholly-owned subsidiary, Puding County Xiangrong Mining Co., Ltd. (hereinafter referred to as "Xiangrong Mining"), has received the "On-site Handling Measures Decision Document" [Puding Emergency Decision No. 2026 Non-Coal 3]. The specific content of the decision document is announced as follows:

I. Main Reasons

During an on-site inspection by the Puding County Emergency Management Bureau, the following safety issues were found at Xiangrong Mining:

The tailings drying area exceeds the height of the seventh-level dam, with tailings stored at an elevation of +1420m, which is 20m above the designed final elevation, and the tailings pond has exceeded its designed capacity by 540,000 m³. This violates Article 6.9.2 of the "Safety Regulations for Tailings Dams" (GB39496-2020) and is classified as a major hazard according to the "Standards for Determining Major Safety Hazards in Metal and Non-metal Mines."
The "Production Safety License" for the tailings pond has expired, with a validity period from June 1, 2023, to May 31, 2026.

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