According to the Zhitong Finance App, China Iron and Titanium (00893.HK) issued an announcement regarding the construction contract between Aba Mining and Zhejiang Zhongxiang to upgrade and expand production of the mine (Zhongxiang Construction Contract). On October 26, 2026, Aba Mining and Zhejiang Zhongxiang mutually agreed to terminate the Zhongxiang construction contract, which will take effect from October 26, 2026. After terminating the Zhongxiang construction contract through a joint agreement, Aba Mining (an indirect wholly-owned subsidiary of the Company) has entered into a new construction contract with Zhejiang Tianzeng to replace Zhejiang Zhongxiang continuing to complete all remaining scope of projects that have not yet been completed under the Zhongxiang construction contract (Tianzeng Construction Contract). According to the Tianzeng construction contract, Zhejiang Tianzeng agreed to complete the remaining construction and engineering work according to the terms and conditions of the Tianzeng construction contract, according to the total contract amount of about RMB 26 million.

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