• China Vanadium Titano-Magnetite Mining clarified on November 2, 2026, that changing contractors avoids approximately RMB 8 million in proposed additional costs.
• Zhejiang Tianzeng will complete remaining mine upgrade works for RMB 26 million, versus Zhejiang Zhongxiang's proposed cost of approximately RMB 34 million.
• The board expects the six-month delay to have no material financial impact on the group for fiscal 2027.
• Zhongxiang's contract ended by mutual agreement without termination compensation; RMB 2.4 million remains payable for completed work.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Vanadium Titano-Magnetite Mining Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261102-12395209), on November 02, 2026, and is solely responsible for the information contained therein.