Hainan Mining: Planning to issue shares and pay cash to purchase assets and raise matching funds. Stock continues to be suspended.

Hainan Mining announced that the company is planning to acquire the controlling interest in Luoyang Fengrui Fluorine Industry Co., Ltd. through the issuance of shares and payment of cash, and to raise matching funds. The company's stock has been suspended from trading since January 29, 2026, and the suspension is expected to last no more than 10 trading days. As of the disclosure date of the announcement, the company is actively progressing with the relevant work of this transaction, and the parties involved are communicating and negotiating on the transaction plan. Due to the need for further negotiation on related details, the company's A shares will continue to be suspended. This transaction is still in the planning stage, and the parties to the transaction have not yet signed a formal transaction agreement. The transaction also requires approval and registration by the company's board of directors, shareholders' meeting, and regulatory authorities before it can be formally implemented. There is uncertainty as to whether the transaction can ultimately be implemented.