Treasure Mining: Issuance of Shares and Purchase of 82% Equity of Congling Energy have been approved by the M&A Committee of the Shanghai Stock Exchange.

Treasure Mining Company Announcement: The company plans to purchase 82% equity of Xinjiang Congling Energy Co., Ltd. from Kezhou Congling Industrial Co., Ltd. through the issuance of shares and payment of cash, and plans to purchase 5% equity of Congling Energy from JAAN INVESTMENTS CO. LTD. through payment of cash, and issue shares to no more than 35 specific investors, including Xinjiang Geological Investment Co., Ltd., to raise funds. The Mergers and Acquisitions and Restructuring Review Committee of the Shanghai Stock Exchange held its 19th meeting of the 2025 Mergers and Acquisitions and Restructuring Review Committee on December 5, 2025 to review the company's application for this transaction. According to the Shanghai Stock Exchange's announcement on the results of the 19th review meeting of the 2025 Mergers and Acquisitions and Restructuring Review Committee, the review result of this meeting is: this transaction meets the restructuring conditions and disclosure requirements.