China Color Group: The holding subsidiary has successfully bid for exploration rights with a total value of 2.14 billion yuan and signed the contract.

Zhongse Holdings announced that its controlling subsidiary, Qinghai Zhongse Mining Development Co., Ltd., had previously won the exploration and mining rights for the polymetallic ore in the Hari Zha area of Duolan County, Qinghai Province with a bid of 214 million yuan. In 2026, Qinghai Zhongse signed a transaction contract with Guotou Mining Industry, transferring the rights for 214 million yuan, with Qinghai Zhongse bearing 6% value-added tax. The payment arrangement and asset delivery have clear provisions, with a penalty for breach of contract. The payment of the bid price and completion of approval procedures in this bidding process are still pending, with uncertainties present, and the company will promptly disclose any progress.