According to the Western Gold announcement, the board of directors of the company deliberated and passed the bill relating to the issuance of H shares and listing them on the main board of the Hong Kong Stock Exchange. The number of H shares to be issued this time shall not exceed 15% of the total share capital of the company after issuance, and authorized the overall coordinator to exercise the right to overallocate no more than 15% of the amount of H shares issued as described above. The issuance method is Hong Kong's public offering and international placement of new shares. After deducting issuance fees, the funds raised are intended to be used for mine development and upgrading, resource exploration and reserve expansion, acquisition of high-quality mining assets, downstream manganese value chain development, repayment of bank loans, and supplementary working capital. The resolution relating to the issuance and listing is valid for 24 months from the date of review and approval by the shareholders' meeting. Relevant matters still need to be submitted to the shareholders' meeting for consideration, and approval or filing from regulators such as the China Securities Regulatory Commission and the Hong Kong Stock Exchange before implementation.

According to the Western Gold announcement, the board of directors of the company deliberated and passed the bill relating to the issuance of H shares and listing them on the main board of the Hong Kong Stock Exchange. The number of H shares to be issued this time shall not exceed 15% of the total share capital of the company after issuance, and authorized the overall coordinator to exercise the right to overallocate no more than 15% of the amount of H shares issued as described above. The issuance method is Hong Kong's public offering and international placement of new shares. After deducting issuance fees, the funds raised are intended to be used for mine development and upgrading, resource exploration and reserve expansion, acquisition of high-quality mining assets, downstream manganese value chain development, repayment of bank loans, and supplementary working capital. The resolution relating to the issuance and listing is valid for 24 months from the date of review and approval by the shareholders' meeting. Relevant matters still need to be submitted to the shareholders' meeting for consideration, and approval or filing from regulators such as the China Securities Regulatory Commission and the Hong Kong Stock Exchange before implementation.