Southern Mining Group: Intends to subscribe for 10% equity of Eagle Valley Gold for 30 million US dollars.

The announcement of Nan Kuang Group stated that the company held a board meeting on February 4 and approved the 100% owned subsidiary NMS Company in Singapore to subscribe for 30 million US dollars of ECG Company's new issue common stock, accounting for 10% of the total equity after the issue. The final subscription shares will be determined through negotiations. As of September 30, 2025, ECG Company's net assets were 69.4839 million US dollars, revenue was 44.1468 million US dollars, and net profit was 22.6647 million US dollars. After the transaction is completed, NMS Company will hold a 10% stake. This transaction does not constitute a major asset restructuring or related party transaction, and approval is still required from domestic and foreign regulatory authorities, subject to preconditions and uncertainties.