Longbai Group announced that Longbai Mining, a wholly-owned subsidiary of the company, plans to transfer 55.10% of Xinrun Mining's shares held by the Henan Zhenxing Vanadium and Titanium Low Carbon Development Private Equity Investment Fund Center. The matter was reviewed and approved by the second meeting of the 9th board of directors of the company on April 25, 2026. Recently, Xinrun Mining completed the registration of relevant industrial and commercial changes and obtained a “Business License” issued by the Yanbian County Market Supervision Administration. After the equity transfer was completed, Longbai Mining & Metallurgy held 55.10% of Xinrun Mining's shares, while Panzhihua Longbaifengyuan Mining Co., Ltd., another wholly-owned subsidiary of the company, held 44.90% of the shares.

Longbai Group announced that Longbai Mining, a wholly-owned subsidiary of the company, plans to transfer 55.10% of Xinrun Mining's shares held by the Henan Zhenxing Vanadium and Titanium Low Carbon Development Private Equity Investment Fund Center. The matter was reviewed and approved by the second meeting of the 9th board of directors of the company on April 25, 2026. Recently, Xinrun Mining completed the registration of relevant industrial and commercial changes and obtained a “Business License” issued by the Yanbian County Market Supervision Administration. After the equity transfer was completed, Longbai Mining & Metallurgy held 55.10% of Xinrun Mining's shares, while Panzhihua Longbaifengyuan Mining Co., Ltd., another wholly-owned subsidiary of the company, held 44.90% of the shares.