Zangge Mining: The production capacity of its wholly-owned subsidiary potassium chloride has been reduced to 1.2 million tons per year.

Cangge Mining announced that the potassium chloride production capacity of its wholly-owned subsidiary Geermu Cangge Potash Fertilizer Co., Ltd. has been reduced from 2 million tons/year to 1.2 million tons/year, and this reduction has been approved by the government regulatory authorities. The actual annual production of potassium chloride has been stable in recent years, and this reduction will not have a significant adverse impact on the company's existing annual production and sales plans for potassium chloride or its operating performance. This capacity reduction is based on adjusting the potassium chloride production capacity in accordance with the current resource situation, which will help the company to plan the overall development pace of salt lake resources more scientifically and reasonably, and it is in line with the company's long-term development strategy.