Iron Ore (01029.HK) purchases mining equipment

Zhitong Finance APP news, IRC (01029.HK) announced that on October 29, 2026, the buyer (a wholly-owned subsidiary of the Company) entered into a novation agreement with the seller and the original buyer, pursuant to which the original buyer agreed to novate and the buyer agreed to assume all rights and obligations of the original buyer under the procurement agreement (including the obligation to pay the total outstanding consideration of approximately RUB 1.258 billion (tax inclusive, equivalent to approximately US$15.5 million)) for the procurement of mining equipment.