Hengbang Group: Expansion projects such as Liaoshang Gold Mine are expected to start production in the second half of 2027.

Hengbang shares stated on the interactive platform on February 25 that the company has La Zi Gou gold mine and Liao Shang gold mine in production. The Liao Shang gold mine expansion and capacity expansion project is currently in the construction period. It is expected to be officially put into production in the second half of 2027. The official production time is difficult to accurately predict, as it is affected by various factors such as safety policies, construction progress, and project construction conditions. If there are any relevant developments, the company will strictly comply with the requirements of relevant laws and regulations to fulfill its disclosure obligations in a timely manner.