About HUILI RES Company

We are a diversified non-ferrous metals mining company based in Hami. Hami is a prefecture-level city located in China's resource-rich Xinjiang Uyghur Autonomous Region. Currently, we are mainly engaged in nickel and copper mining and ore washing. Among these metals, we believe that the rapidly growing domestic demand for nickel will provide a particularly favorable business environment for our company to supply high-quality refined nickel and copper to the market. Many industries regard nickel as a particularly valuable commodity due to its hardness and oxidation resistance, so it is not surprising that China is the world's largest consumer of refined nickel. However, domestic nickel supply is unable to meet its increased demand, and the imbalance between supply and demand further favors our current business environment. Overall, the reserves of non-renewable ore under our control are abundant and growing day by day, and are the cornerstone of long-term continuous business expansion. In addition to currently holding three mining projects with valid mining and production safety permits, we also hold seven exploration licences, including copper, nickel, lead, zinc and gold, with a total exploration area of over 44 square kilometers. We are also planning to quickly obtain a non-ferrous metals mining license in Shaanxi Province through an acquisition. The annual output of nickel-containing ores and concentrates in Xinjiang is 4.63 thousand metric tons, accounting for about 5% of China's total annual production. We are optimistic about the prospects and are ready to go to seize the opportunities brought by many mining projects in Xinjiang. At the same time, our highly experienced management team has extensive knowledge in the exploration, mining and washing of nickel and other non-ferrous metal ores in Xinjiang. Through an in-depth evaluation of these assets, we will seek the best acquisition targets to help the company achieve endogenous growth. The company's senior management team includes geologists and engineers with extensive industry expertise in mineral reserve exploration, mine construction, operation and safety. The senior management team has developed a series of effective business strategies to help the company become one of the leading diversified metal mining companies in China, including expanding our mining and ore washing capabilities while keeping a close eye on the price trends of our products; and expanding our ore reserves through further exploration and selective acquisitions. Additionally, we will expand our product portfolio and geographic coverage to reduce business risk and expand our revenue base. We will also strengthen partnerships with existing and new customers to more fully meet their supply needs while helping to protect and maintain our environment in accordance with the strictest regulations.