China Nerin Engineering (603257.SH) signs a project contract worth approximately 3.378 billion yuan.

China Nerin Engineering (603257.SH) announced that the company has signed a contract with the owner KONKOLA COPPER MINES (KCM) PLC (referred to as "KCM") for the Zambia 70,000-ton/year new copper tailings leaching plant project, with a contract value of approximately US$498 million (equivalent to approximately RMB 3.378 billion). The project aims to utilize hydrometallurgical leaching technology to efficiently recover valuable metals from existing copper tailings, enhance comprehensive resource utilization, and support KCM's long-term operational development. The signing of the Zambia 70,000-ton/year new copper tailings leaching plant project contract with KCM has a positive impact on the company's operations and long-term strategic development, helping the company accumulate high-end overseas project and localized operation experience as well as overseas general contracting engineering capabilities, and enhancing its international brand influence. The signing of this contract is part of the company's routine business activities. If the contract is successfully performed, it is expected to have a positive impact on the company's operating performance.