About XINXIN MINING Company

Xinjiang Xinxin Mining Co., Ltd. (the “Company”) was registered in the People's Republic of China (“China”) on September 1, 2005 with the approval of the People's Government of the Xinjiang Uygur Autonomous Region as a limited company, comprised of Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. (“Xinjiang Nonferrous Metals”), CICC Investment (Group) Co., Ltd. (“CICC Investment”), Zijin Mining Group (Xiamen) Investment Co., Ltd. (“Zijin Mining (Xiamen)”), Xinjiang Xinying New Materials Co., Ltd. (“Xinjiang Nonferrous Metals”), Xinjiang Xinying New Materials Co., Ltd., and Shaanxi Honghao An industrial limited company is established as the sponsor (collectively, the “sponsor”) by means of an initiator. The sponsor holds a total of 1,451,000,000 domestic shares of the Company. In October 2007, 759,000,000 H shares of the Company were listed on the Hong Kong Stock Exchange Limited (the “Stock Exchange”). The company is the first electrolytic nickel manufacturer to be listed outside of China. On March 9, 2016, Shaanxi Honghao Industrial Co., Ltd. transferred all of its 6,272,000 domestic shares to Shaanxi Guangyou Trading Co., Ltd. through an agreement transfer. Since then, Shaanxi Guangyou Trading Co., Ltd. has held 6,272,000 domestic shares of the Company. The Company and its subsidiaries (the “Group”) are the second-largest producers of electrolytic nickel using nickel sulfide resources in China, and are mainly engaged in mining, beneficiation, smelting, refining and sales of nickel, copper and other non-ferrous metals. The Group's main product is electrolytic nickel, and the secondary product is cathode copper. Other products including cobalt, gold, silver, platinum and palladium are also produced in the production process of the Group's main products. In addition to the Karatonk nickel-copper mine owned by the Company when it was established, the Company acquired three nickel-copper mines in Huangshan East, Huangshan and Xiangshan in Hami City, Xinjiang in 2009, and the Company owns 100% interest in the above four nickel-copper mines. The Company acquired 51% of the shares of Shaanxi Xinxin Mining Co., Ltd. (“Shaanxi Xinxin”) in 2011. Shaanxi Xinxin owns two vanadium mines in Xianghe Street and Mujiahe in Shangnan County, Shaanxi, and the Company owns 51% interests in the two vanadium mines in Xianghe Street and Mujiahe. As of December 31, 2023, the two vanadium mines in Xianghe Street and Mujiahe are still in the resource exploration stage, and no mining activities have been carried out. The Company announced the possibility of adopting and implementing the H share circulation plan on October 22, 2021. On September 13, 2022, it was officially approved by the China Securities Regulatory Commission to implement the full circulation of the Company's H shares. On November 15, 2022, the Japanese company's full circulation plan for H shares was granted listing approval by the Stock Exchange, and 191,580,000 domestic shares of the Japanese company were converted to H shares on December 16, 2022.