South Manganese Investment Co., Ltd. (South Manganese) announced that its indirect wholly-owned subsidiary, Nan Manganese Group, signed two financing lease agreements with Beibu Gulf Financial on June 27 and July 29, 2024, respectively. The first agreement involves a sum of RMB 30,000,000, a lease term of 48 months, and the purchase of Equipment I at a symbolic price after the end of the lease term. The second agreement involves a sum of RMB 70,000,000, a lease term of 48 months, and the purchase of Equipment II at a symbolic price after the end of the lease term. The maximum applicable percentage calculated by combining the two agreements is higher than 5% but lower than 25%. According to the disclosure and announcement rules under Chapter 14 of the listing rules, this transaction must be disclosed but can be exempted from obtaining shareholder approval. These financing lease agreements will provide additional operating capital for Nan Manganese Group to support its operations.

South Manganese Investment Co., Ltd. (South Manganese) announced that its indirect wholly-owned subsidiary, Nan Manganese Group, signed two financing lease agreements with Beibu Gulf Financial on June 27 and July 29, 2024, respectively. The first agreement involves a sum of RMB 30,000,000, a lease term of 48 months, and the purchase of Equipment I at a symbolic price after the end of the lease term. The second agreement involves a sum of RMB 70,000,000, a lease term of 48 months, and the purchase of Equipment II at a symbolic price after the end of the lease term. The maximum applicable percentage calculated by combining the two agreements is higher than 5% but lower than 25%. According to the disclosure and announcement rules under Chapter 14 of the listing rules, this transaction must be disclosed but can be exempted from obtaining shareholder approval. These financing lease agreements will provide additional operating capital for Nan Manganese Group to support its operations.