Sinomine Resource

Sinomine Resource Group Co., Ltd. I. Company Overview Sinomine Resource Group Co., Ltd. is a comprehensive geological exploration joint-stock company initiated by the former Geological Exploration Bureau of the State Nonferrous Metals Industry Administration, with funding from multiple provincial nonferrous metal geological exploration bureaus and employee participation, established in accordance with modern enterprise systems. Its main business includes technical services for solid mineral exploration, foundation engineering technical services, and mining rights investment. The company was founded in 1999, with a registered capital of 277.92 million yuan, and over 1,000 full-time employees, including more than 200 senior and intermediate engineering management and core technical personnel. The company is a high-tech enterprise, a Beijing守contract heavy credit enterprise, and holds multiple Grade A qualifications issued by the Ministry of Land and Resources. It is an award-winning enterprise in the Beijing division of the first national geological exploration drilling skills competition and a model geological exploration unit in the national geological exploration industry by the Ministry of Land and Resources. The company possesses strong technical capabilities, high-quality personnel, advanced equipment, and standardized management, with the capacity to undertake over ten large-scale overseas geological exploration technical service projects simultaneously. Annual overseas business revenue exceeds 300 million yuan. Currently, the company has established a leading position in overseas commercial geological exploration technical services, serving as a "vanguard" in China's commercial geological exploration industry's overseas expansion and a "banner" for Chinese enterprises exploring overseas geological exploration markets. It has been recognized by independent assessment institutions as having the highest market share among Chinese geological exploration enterprises in overseas solid mineral exploration technical services. II. Business Spread Overseas The company actively responds to the national "going global" initiative, actively expanding business in the international market, and is the first commercial geological exploration enterprise in China to go abroad on a large scale. It simultaneously conducts geological exploration business in more than ten countries, including Zambia, Zimbabwe, Democratic Republic of the Congo, Guinea, Madagascar, Papua New Guinea, Afghanistan, Pakistan, Turkey, Malaysia, Indonesia, Laos, Philippines, Russia, Mongolia, and Canada. It has established subsidiaries in Zambia, Zimbabwe, Malaysia, Hong Kong, Canada, Laos, and other countries, and is the first enterprise to settle in the Zambia-China Economic and Trade Cooperation Zone. With advanced technology, strong technical strength, humble service attitude, and hardworking dedication, it has established a good image and brand for Chinese geological exploration enterprises in the international geological exploration industry. III. Representative Projects Undertaken The company has undertaken most of the representative geological exploration projects in China's solid mineral exploration field going global, establishing high brand awareness. With rich overseas exploration service experience, the company understands international conventions and standards, is familiar with international exploration project operation rules, and has successfully completed geological exploration technical services for several representative projects with international influence. These include the first successful project in China's nonferrous metal industry going global - the Chambishi Copper Mine geological exploration projects (main ore body, west ore zone, southeast ore body) in Zambia; projects symbolizing China-Pakistan friendship - the Duddar lead-zinc mine geological exploration project and the Saindak copper mine geological exploration project in Pakistan; the largest invested solid mineral project to date - the Ramu nickel-cobalt mine geological exploration project in Papua New Guinea; the largest proven but unexploited ultra-large copper mine project - the Aynak copper mine verification, supplementary geological exploration, and resource evaluation project in Afghanistan; and the super-large lateritic bauxite project - the Bolaven lateritic bauxite geological exploration project in Champasak Province, Laos, among others. The company has also conducted mineral resource assessments for multiple international mining projects, providing professional references for owners' investment decisions and risk reduction. IV. Social Responsibility On July 18, 2011, the company signed a donation agreement with the Education Foundation of Central South University, establishing a 5.2 million yuan "Sinomine Geological Engineering Incentive Fund" at the university to support its teaching and research construction, reward outstanding students, and assist needy students. Additionally, Sinomine Resource has set up special project funding at China University of Geosciences, donated books to 100 university students in Beijing, and donated 600,000 yuan to the Education Foundation of Peking University. On April 29, 2012, at the inauguration meeting of the second board of directors of Central South University, Mr. Wang Pingwei, President of Sinomine Resource Exploration Co., Ltd., was appointed as Vice Chairman of the board. Sinomine Resource will leverage this opportunity to deepen cooperation and exchange with Central South University, promote industry-university-research cooperation, form strategic goals closely serving the economic construction main battlefield, persist in innovation in talent training, and actively explore strategic development in industry-university-research. Sinomine Resource actively participates in international public welfare, adhering to the concept of "devoting to Africa, serving Africa." In Zambia, the company donated computers and backpacks to local primary schools; in Zimbabwe, it has built roads and school buildings for local schools. These public welfare activities have fostered profound friendship between Chinese and African people, and also enable more people in society to understand and pay attention to Africa. V. Corporate Planning In the coming years, the company will fully utilize the favorable opportunities of national support for geological exploration and development going global, continue to focus on the development of main businesses such as solid mineral exploration technical services, continue to vigorously expand overseas mineral resource exploration and development markets, continuously enhance technological innovation capabilities, and comprehensively improve core competitiveness. The company will also leverage the capital market through mergers, acquisitions, and capital operations to expand its main business scale, increase market share, maintain and expand its leading position in overseas solid mineral exploration technical services, actively and steadily extend the industrial chain related to exploration technical services, achieve rapid growth in both business scale and economic benefits, and strive to build the company into a world-class comprehensive geological exploration technical service mining company.