On March 10, 2025, LXML’s parent company, Chifeng Jilong Gold Mining Co., Ltd. (H-share code: 6693; A-share code: 600988), successfully listed on the main board of the Hong Kong Stock Exchange. This H-share issuance, following the A-share listing, marks another significant breakthrough for the group, signifying a robust step forward in its internationalization strategy and underscoring its unwavering commitment to deepening its presence in the global mining sector.

As the most influential overseas subsidiary within the group, LXML was honored to send distinguished employee representatives to the celebration. During the pivotal gong-ringing ceremony marking the market’s opening, Mr. Phonesavanh Khamvongsa, the mining manager of LXML, served as the sole employee representative of the group, together with Ms. Lydia, Executive Director and CEO of Chifeng Gold, rang the opening bell to commemorate this historic moment. Additionally, Mr. Clayton James, maintenance senior superintendent, and Mr. Xun Yuchen, superintendent - management administrative executive, participated throughout the celebration and gala dinner as employee representatives, reflecting the group’s high regard for the contributions of its grassroots employees.

At the event, Mr. Gao Bo, President of LXML, along with Mr. Zhou Xinbing, VGM, represented Chifeng Golden Group. Furthermore, Mr. Gao, on behalf of Chifeng Gold, donated HKD 3 million to the Hong Kong Stock Exchange Charity Fund, actively supporting social welfare initiatives.

The realization of the dual-capital market strategy ("A+H") not only signifies a crucial step for Chifeng Golden in global resource integration and strategic expansion but also injects strong momentum into the future development of LXML. Leveraging the strong capital and resource advantages of its parent company, LXML will further enhance the production potential of the Sepon mining area. This project is expected to generate sustained employment opportunities for the local economy and provide substantial returns for investors, achieving a win-win outcome in terms of corporate value and social benefits.

The Hong Kong IPO raised a total of USD 350 million, with no less than USD 53 million earmarked to support the production operations and capital investments of LXML. Adhering to the principles of sustainable development, LXML’s successful listing not only injects new impetus into technological innovation and the upgrading of collaborative models within the industry but also lays a solid foundation for future growth. We firmly believe that by leveraging the international platform, LXML will play an increasingly leading role in resource extension, community support, and environmental protection.

As a key strategic asset of the group, the Sepon mining area’s potential for enhanced production capacity and cost optimization has garnered extensive attention from the capital market. Looking ahead, we are committed to transparent and efficient operations, continuously creating long-term value for our shareholders, partners, and the local mining community.

On behalf of all members of LXML, we extend our sincerest congratulations to Chifeng Gold. This achievement not only marks a significant milestone in the group’s globalization process but also sets a new benchmark for sustainable development in the mining industry.