Yuegui Guangye forms new subsidiary for non-metallic mineral investment

Guangxi Yuegui Guangye Holdings Co., Ltd. (Yuegui Guangye) announced the establishment of a wholly-owned subsidiary, Guangdong Yuegui Jingyuan Mining Co., Ltd., with a registered capital of RMB 100 million. The investment was approved during the Ninth Board of Directors’ Thirty-Eighth Meeting on September 4, 2025. Jingyuan Mining will focus on non-metallic mineral extraction, processing, and sales, utilizing Yuegui Guangye's own funds.

This strategic move aims to secure a stable supply for the company's non-metallic new energy materials business, foster strategic transformation, and cultivate new business growth points, thereby enhancing core competitiveness. The investment, totaling RMB 100 million, falls below 10% of the company's most recent audited net assets and does not require shareholder approval.

Yuegui Guangye anticipates this investment will positively contribute to its business expansion and sustained, stable development, aligning with the long-term interests of all shareholders. The company will implement robust management and internal control mechanisms to mitigate risks associated with macroeconomics, industry, market, and operational changes.