Jinchengxin: Signed a $18 million mining contract.
Jinchengxin announced that its wholly-owned subsidiary, Jinchengxin Mining Construction Zambia Limited, has signed a construction contract with NFC Luanshya Copper Mines Limited for the Mu Nan Shallow and Moxiba Mine Section resource development project. The contract involves shaft and roadway development, as well as some installation works, with a contract value of approximately 18 million US dollars. The contract duration is estimated to be 730 days, from August 1, 2025 to July 31, 2027. The fulfillment of the contract is expected to have a positive impact on Jinchengxin's performance and contribute to the company's business development. The contract follows the principle of fair market transactions, does not involve related-party transactions, and has no impact on the company's business independence.
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