CHINA BAOLI TEC (00164) announced that on February 11, 2026, the company entered into a cooperative agreement with Zhuo Ying Global Mining Co., Ltd. to establish a long-term strategic partnership for the mining and production of an iron ore project in Mongolia. This collaboration marks the first step in the large-scale application of the group's dry grinding and dry separation technology, representing a significant milestone. It is also set to serve as a model case for the group's future cooperation with other mining projects. The board of directors believes that the signing of this agreement is a strategic and transformative move in the company's development, signifying the first large-scale commercial application and key demonstration of the group's proprietary dry grinding and dry separation technology. This milestone is highly significant as the technology enables mineral processing without the use of water, offering a unique advantage in arid mining regions like Mongolia and addressing key challenges in areas with severe water scarcity. Furthermore, amid growing global demand for high-grade iron ore concentrate from the steel industry to enhance production efficiency and meet emission reduction targets, the group's dry grinding and dry separation technology is well-suited to precisely produce such high-quality products from mineral resources. The cooperation is expected to contribute positively to the group's future profitability and facilitate the expansion of its technological footprint to other mining projects, particularly in water-scarce regions. Therefore, this agreement is not only a revenue-generating venture but also a foundational step in the global commercialization of the group's core technology.