China Minmetals Development: Promote major asset replacement and asset acquisition transactions and raise matching funds.

Minmetals Development announced that the company plans to purchase the 100% equity of Minmetals Mining Holdings and the 100% equity of Lu Zhong Mining held by the controlling shareholder through asset replacement, issuance of shares, and payment of cash, and raise matching funds. The company's stock will be suspended from December 30, 2025, and resume trading from January 15, 2026. As of March 14, the relevant audits, evaluations, and other work are progressing in an orderly manner. This transaction still requires the approval of the board of directors, shareholders' meeting, and regulatory authorities. The approval and timing are uncertain.