Guangdong Feinan Resources Recycling Co., Ltd. (Feinan Resources) stated on an interactive platform on August 14 that its procurement pricing for metal-bearing materials, including copper, is typically based on the prevailing market metal prices. The pricing also accounts for factors such as metal content and impurity levels, with the specific formula being "raw material gross weight * metal content * market metal price * discount coefficient."

The determination of the "market metal price" involves both a point pricing model and a non-point pricing model. Under the point pricing model, the company and its suppliers agree on a specified point pricing period. The party holding the right to set the price can designate any single day within that period to establish the price, which is then executed based on the metal prices from sources such as the Shanghai Nonferrous Metals Network or the Shanghai Futures Exchange on that day.

The company strictly adheres to the Accounting Standards for Business Enterprises and its internal accounting policies for all financial calculations. Regarding operational performance and other related matters, investors are advised to refer to the company's upcoming semi-annual report and subsequent announcements for further details.