China Daye seeks approval for major transactions and caps through 2028

China Daye Non-Ferrous Metals Mining Limited announced proposed major and continuing connected transactions with its Parent Group, CNMC Group, and Yangxin Hongsheng, seeking shareholder approval at a special general meeting on January 5, 2026. The transactions include sales and purchase framework agreements, as well as financial services.

Key proposed annual caps for 2026 are: Yangxin Hongsheng sales at 4.29 bn yuan, Parent Group purchases at 2.38 bn yuan, CNMC Group purchases at 10.76 bn yuan, CNMC Financial Services deposit services at 3.01 bn yuan, and CNMC Financial Services bills acceptance and settlement at 10.28 bn yuan. These caps are projected to increase annually through 2028, reflecting anticipated growth in production capacity and demand.

The transactions, including financial services provided by CNMC Financial Company, are deemed to be on normal commercial terms. They are expected to ensure cost-effective and stable supply, diversify business risks, and enhance financial management. An independent board committee and independent financial adviser recommend shareholders vote in favor of these resolutions.