Jinshi Resources raises related party transaction forecasts for 2025 and 2026

Jinshi Resources Group Co. Ltd. announced an increase in its estimated daily related party transactions for 2025 and a forecast for 2026. The company’s board and independent directors have approved the proposals, which now require shareholder approval. The increase for 2025 stems from a planned additional procurement of fluorite powder by its subsidiary, Inner Mongolia Jin'e Bo Fluorochemical Co. Ltd., from Inner Mongolia Baogang Jinshi Beneficiation Co. Ltd. This is due to higher fluorite powder production by Baogang Jinshi.

The revised 2025 daily related party transaction forecast will increase by 150 million yuan (inclusive of tax) to a total of 1.45 billion yuan (inclusive of tax), representing 9.40% of the company's latest audited net assets. For 2026, the company forecasts related party transactions of up to 1.5 billion yuan (inclusive of tax), which accounts for 94.01% of the company's latest audited net assets.

These transactions are deemed normal and necessary, aligning with a "mine-chemical integration" operational model and the "Fluorite Resources Integrated Utilization Project Investment Cooperation Agreement." The company states that these transactions are based on fair and market-based principles, will not harm the interests of the company or its shareholders, and will not affect its independence.