Western Mining shareholders approve key acquisition, boosting exploration footprint

Western Mining Co., Ltd. announced that its second extraordinary general meeting of shareholders for 2025, held on November 12, 2025, successfully passed all proposed resolutions. The meeting saw 1,203 shareholders and proxies representing 1,044,043,677 shares, or 43.8121% of the total voting shares, in attendance. The primary agenda item, concerning the acquisition of a copper polymetallic ore exploration right in Xuancheng, Anhui Province, by its subsidiary Tibet Yulong Copper Industry Co., Ltd., received overwhelming support.

The resolution to acquire the mining exploration right was approved with 1,042,227,152 votes in favor, representing 99.8260% of the A-share votes cast. A minority of 1,558,815 votes (0.1493%) were cast against, with 257,710 votes (0.0247%) abstaining. Among shareholders holding less than 5% of the shares, 305,107,104 votes (99.4081%) were in favor.

The meeting procedures, participant qualifications, and voting methods were confirmed by Qinghai Shuren Law Firm to be in compliance with relevant laws and regulations, ensuring the validity of the resolutions. The board of directors convened the meeting, presided over by vice chairman Zhong Yongsheng.