Pingmei Co., Ltd. announced that in order to improve the financial strength and overall competitiveness of the 13 mines and reduce risks, it plans to increase its capital by 500 million yuan in cash. After the capital increase, the registered capital of the 13 mines will increase from 1 million yuan to 501 million yuan, and Pingmei shares will still hold 100% of the shares. From January to November 2025, the total operating revenue of the 13 mines was 553.96 million yuan, and net profit was 289.65 million yuan. This capital increase has been approved by the company's first board of directors in its 10th session. It does not constitute a related transaction or major asset restructuring. The capital comes from the company's own capital and has no impact on the consolidated statements.

Pingmei Co., Ltd. announced that in order to improve the financial strength and overall competitiveness of the 13 mines and reduce risks, it plans to increase its capital by 500 million yuan in cash. After the capital increase, the registered capital of the 13 mines will increase from 1 million yuan to 501 million yuan, and Pingmei shares will still hold 100% of the shares. From January to November 2025, the total operating revenue of the 13 mines was 553.96 million yuan, and net profit was 289.65 million yuan. This capital increase has been approved by the company's first board of directors in its 10th session. It does not constitute a related transaction or major asset restructuring. The capital comes from the company's own capital and has no impact on the consolidated statements.