Xingye Yinxi announced that the 2.97 million tons/year expansion project of Xiuzhumuqinqi Yinman Mining Co., Ltd., a wholly-owned subsidiary, has obtained construction land approval and is expected to be tested with materials in the fourth quarter of 2028. Yinman Mining is the company's core production mine. After expansion, production capacity will increase from 1.65 million tons/year to 2.97 million tons/year, and core metal production will increase dramatically, continuously enhancing the company's long-term profitability and industry competitiveness. The project construction cycle is long and will not have a significant impact on the company's current business performance, and the project benefits will gradually be reflected after production is put into operation.

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