BRETON (01333) has announced the signing of an investment framework agreement with GEOCENTRIC INTERACTION MINING COMPANY LIMITED. The agreement, dated March 10, 2026, outlines the company's proposed investment in the target company. This framework agreement sets forth the preliminary terms for the investment, which is contingent upon the subsequent execution of definitive transaction documents.

According to the framework agreement, BRETON intends to acquire a total of 35% equity in the target company through a combination of a capital increase and share transfer. After considering the current investment and the potential value of the target company's mineral rights, the parties have negotiated a preliminary pre-transaction valuation of approximately RMB 58.8 million for the target company, which will serve as the basis for calculating the transaction amounts.

The acquisition will be conducted in two stages: • Stage One: BRETON will invest RMB 11.2 million to subscribe to new shares, acquiring a 16% stake in the target company. Upon completion of this capital increase, the target company's total valuation will be RMB 70 million, and BRETON will hold a 16% equity interest. • Stage Two: Following the completion of Stage One, BRETON will acquire an additional 19% equity stake from other existing shareholders of the target company for a total consideration of RMB 13.3 million. After this share transfer, BRETON's final equity stake in the target company will reach 35%.

The Board of Directors believes this potential investment will enable the company to secure core mining assets, including all mining licenses, exploration rights, and related permits for gold exploration and development. Furthermore, it will facilitate the introduction of BRETON's autonomous driving technology and integrated solar-storage solutions into overseas mining projects, aiming to establish a global benchmark for "zero-carbon smart mines." This initiative is expected to achieve dual benefits of resource integration and the export of the company's new energy solutions, aligning with BRETON's international strategy and sustainable development objectives while potentially creating long-term value for shareholders.