Zangge Mining announced that the jointly-owned company Julong Copper Industry added 14.726 million tons of copper metal resources, and the cumulative proved copper metal resources reached 25.88 million tons, which is the copper mine with the largest amount of registered resources in China. The second-phase expansion project of Julong Copper Mine has been fully launched, and it is expected to achieve trial production in the first quarter of 2026. The annual mining and ore processing scale will be increased to more than 110 million tons, and the annual copper production will be increased to 300,000 to 350,000 tons. In 2023, Julong Copper Industry produced 154,400 tons of mineral copper. The company holds 30.78% of its equity and obtained an investment income of 1.296 billion yuan, which accounts for 37.90% of the company's net income.