Xiamen Tungsten Industry (600549.SH): Application for arbitration with the Beijing Arbitration Commission on the matter of Luoyang Molybdenum Industry's cessation of supplying tailings to Luoyang Yulu

Zhitong Finance App News, Xiamen Tungsten Industry (600549.SH) issued an announcement. The company applied for arbitration with the Beijing Arbitration Commission that Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. (“Luoyang Molybdenum”) violated the “Joint Venture Contract to Jointly Form Luoyang Yulu Mining Co., Ltd.” (hereinafter referred to as “Luoyang Yulu”) and stopped providing tailings to Luoyang Yulu Mining Co., Ltd. (hereinafter referred to as “Luoyang Yulu”). Recently, the company received a notice of acceptance from the Beijing Arbitration Commission [(2026) Beijing-Zhong Case No. 08572]. Amount involved: Provisional total amount of $116 million (tentatively calculated until August 31, 2026).

The company was the claimant in this arbitration case. This arbitration was an act of the company defending its rights in accordance with law. Since the case has not yet been tried, the impact on the company's current and post-term profits is uncertain. The final actual impact is subject to the arbitration results and final execution.