Zhaojin Mining Industry Company Limited (the Group) recently announced a cage drop accident in a blind shaft at the Shangzhuang mining area of Canzhuang Gold Mine, resulting in seven fatalities. Following the incident, the Group activated an emergency plan and has been proceeding with various handling procedures and follow-up measures.

From 2020 to 2024, Canzhuang Gold Mine has maintained an average annual production capacity of about 1 ton of gold and an average annual total profit of around RMB60 million. This represents a relatively low proportion of the Group’s historical annual data and is expected to have a limited impact on overall results. The Group will continue to monitor the situation and issue further updates on the accident as necessary.

The leadership expressed deep condolences to the victims, extended sympathies to their families, and apologized for the social impact caused by the accident. This announcement was dated 10 February 2026.

As of the date of this announcement, the Board of Zhaojin Mining Industry Company Limited comprises four executive directors (Mr. Jiang Guipeng, Mr. Duan Lei, Mr. Wang Ligang, and Mr. Wang Peiwu), three non-executive directors (Mr. Long Yi, Mr. Li Guanghui, and Mr. Luan Wenjing), and four independent non-executive directors (Ms. Chen Jinrong, Mr. Choy Sze Chung Jojo, Mr. Wei Junhao, and Mr. Shen Shifu).