According to the Hegang Resources announcement, the controlling shareholder Hegang Group plans to increase the company's shares through centralized bidding within 6 months from July 15, 2026, with an amount not less than 100 million yuan, no more than 200 million yuan, and no more than 2% of the total share capital. Recently, Hegang Group received a “Loan Commitment Letter” from ICBC Hebei Branch. The loan did not exceed 180 million yuan, up to 90% of the actual capital used. The term was not more than three years. The annualized interest rate was 1.80%-2.25% to increase its shareholding, and the rest was its own capital. There may be a risk of uncertainty in the implementation of the holdings increase plan.

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