China Kings Resources Group to boost related-party transactions in 2025 and 2026

China Kings Resources Group will hold its second extraordinary general meeting of shareholders in 2025 on December 26, 2025, to address several key proposals. The company seeks to increase its 2025 annual everyday related-party transaction forecast by 150 million yuan, raising the total from 1.3 billion yuan to 1.45 billion yuan. This adjustment is due to increased fluorite powder production by associate company Inner Mongolia Baogang Jinshi Beneficiation, and higher purchasing needs from China Kings Resources Group's subsidiary, Inner Mongolia Jin’E’Bo Fluorine Chemical. The increased amount represents 9.40% of China Kings Resources Group's most recent audited net assets.

The company also proposes a 2026 annual everyday related-party transaction forecast of 1.5 billion yuan for purchases of fluorite products and services from Baogang Jinshi, accounting for 94.01% of China Kings Resources Group's most recent audited net assets. These transactions are considered normal and necessary for Jin’E’Bo Fluorine Chemical's operations, aligning with a 2021 investment agreement.

Additionally, shareholders will vote on revisions to the company's Articles of Association, Rules of Procedure for Shareholder Meetings, Rules of Procedure for Board Meetings, and Related-Party Transaction Decision-Making System. A new Director Remuneration Management System will also be introduced. Related-party shareholders, including directors Wang Fuliang and Su Baogang, will abstain from voting on the related-party transaction proposals.