Huaxi Nonferrous announced that China Minmetals Group Co., Ltd. plans to purchase 275,335,681 A-shares of the company at a price of 47.40 yuan/share, accounting for 56.47% of the company's total share capital. Among them, Guangxi Beibu Gulf International Port Group Co., Ltd. has promised not to accept the offer. This tender offer fulfils the obligation of the offer. The acquisition period is 30 days. The entry into force must meet the conditions such as review and approval of the capital increase transaction by the Guangxi Key Metals Group shareholders' meeting, centralized review of operators by the State Administration of Market Supervision and Administration and approval by the state-owned assets supervisory authority, China Minmetals Group's capital increase in Guangxi Key Metals Group, and completion of 51% equity settlement. If the final assessed value per share of Huaxi Nonferrous Metals is higher than 47.40 yuan/share, the buyer will increase the offer price accordingly.

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