Southern Manganese Investment Co., Ltd. (“Southern Manganese Industries”) updated on 29 December 2023 regarding the continued suspension of trading of its shares from 30 March 2023. The Company has published all outstanding financial results, including the 2022 results and reports, and the 2023 interim results and reports, as required by the Hong Kong Stock Exchange Limited (the “Exchange”). In addition, the company has completed an independent investigation into audit issues and conducted an audit of internal controls to demonstrate that adequate internal controls and procedures have been established. The auditor of the company, Roshenmei, issued an unreserved audit report on the consolidated financial statements for fiscal year 2022. Southern Manganese said that the exchange may propose to cancel the company's listing if it fails to resolve the issue that led to the suspension of trading and re-licensing by September 29, 2024. For the time being, trading of the company's shares remains suspended and shareholders and potential investors will continue to inform shareholders and potential investors of any significant progress.

Southern Manganese Investment Co., Ltd. (“Southern Manganese Industries”) updated on 29 December 2023 regarding the continued suspension of trading of its shares from 30 March 2023. The Company has published all outstanding financial results, including the 2022 results and reports, and the 2023 interim results and reports, as required by the Hong Kong Stock Exchange Limited (the “Exchange”). In addition, the company has completed an independent investigation into audit issues and conducted an audit of internal controls to demonstrate that adequate internal controls and procedures have been established. The auditor of the company, Roshenmei, issued an unreserved audit report on the consolidated financial statements for fiscal year 2022. Southern Manganese said that the exchange may propose to cancel the company's listing if it fails to resolve the issue that led to the suspension of trading and re-licensing by September 29, 2024. For the time being, trading of the company's shares remains suspended and shareholders and potential investors will continue to inform shareholders and potential investors of any significant progress.