Huludao Zinc Industry boosts 2025 related-party transaction estimates

Huludao Zinc Industry Co., Ltd. approved an increase in the estimated amount of daily related-party transactions for 2025. The board unanimously approved the resolution, which will add 15,000 yuan to the estimated transactions. This decision brings the total projected related-party transactions for raw material procurement from Suizhong Xinyuan Mining Co., Ltd. to 36,000 yuan, up from the previous estimate of 21,000 yuan.

Suizhong Xinyuan Mining Co., Ltd. is a controlled subsidiary under the same ultimate beneficial owner as Huludao Zinc Industry. It is primarily engaged in mining, beneficiation, and sales of metal ores. As of July 31, 2025, Suizhong Xinyuan Mining reported total assets of 70,667 yuan, net assets of 52,714 yuan, and operating revenue of 27,443 yuan.

The increased transactions are deemed necessary to ensure stable production and operations, with pricing determined by market rates, adhering to principles of fairness and transparency. The independent directors confirmed that the adjusted related-party transaction plan aligns with operational needs and supply chain stability, without harming the interests of the company or its minority shareholders.