Tibet Mineral Development to repurchase and cancel restricted shares

Tibet Mineral Development Co., Ltd. announced its decision to repurchase and cancel 354,900 restricted shares, leading to a reduction in registered capital. This move, approved at the first extraordinary general meeting of 2025 on September 5, 2025, follows resolutions from the eighth board of directors' seventh meeting and the eighth board of supervisors' sixth meeting on August 19, 2025. The company's total share capital will decrease from 521,174,140 shares to 520,819,240 shares, and its registered capital will similarly decrease from CNY 521,174,140 to CNY 520,819,240.

Creditors are invited to declare their claims within 45 days from the announcement date. The process for claims includes providing valid debt documents, with specific requirements for corporate and individual creditors. The repurchase and cancellation proposal received overwhelming approval, with 99.3297% of total voting shares in favor and 87.8390% of small and medium shareholders.

The general meeting also approved the reappointment of the accounting firm. The meeting procedures and resolutions were deemed legal and valid by Beijing Jinkai (Chengdu) Law Firm.