MINES ENERGY ANNOUNCED ON 23 FEBRUARY 2024 THAT IT WILL REPURCHASE 140.118 MILLION SHARES OF RESTRICTED SHARES OF 22 INCENTIVES GRANTED BUT NOT YET LIFTED UNDER THE 2021 A-SHARE RESTRICTED STOCK INCENTIVE SCHEME. The decision was adopted at the fifth meeting of the 9th Board of Directors and the fourth meeting of the 9th Supervisory Board held on the same day. The reasons for the repurchase include 16 incentives that no longer meet the incentive criteria due to job reassignment, 2 incentive target performance assessment results as “ineligible”, and 4 incentive target performance assessment results as “benchmarks”. The repurchase price is $3.6133 per share and the total repurchase capital is approximately $539.35 million. After the completion of this repurchase and divestment, the Company's controlling shareholders will not change, the distribution of shares will remain subject to the listing conditions and will not have a material impact on the Company's financial condition and operating results.

MINES ENERGY ANNOUNCED ON 23 FEBRUARY 2024 THAT IT WILL REPURCHASE 140.118 MILLION SHARES OF RESTRICTED SHARES OF 22 INCENTIVES GRANTED BUT NOT YET LIFTED UNDER THE 2021 A-SHARE RESTRICTED STOCK INCENTIVE SCHEME. The decision was adopted at the fifth meeting of the 9th Board of Directors and the fourth meeting of the 9th Supervisory Board held on the same day. The reasons for the repurchase include 16 incentives that no longer meet the incentive criteria due to job reassignment, 2 incentive target performance assessment results as “ineligible”, and 4 incentive target performance assessment results as “benchmarks”. The repurchase price is $3.6133 per share and the total repurchase capital is approximately $539.35 million. After the completion of this repurchase and divestment, the Company's controlling shareholders will not change, the distribution of shares will remain subject to the listing conditions and will not have a material impact on the Company's financial condition and operating results.