Hainan Mining: Intends to acquire 69.90% equity of Luoyang Fengrui Fluorine Industry, the transaction is still pending approval.

Hainan Mining announced that the company plans to purchase 69.90% equity of Luoyang Fengrui Fluorine Industry Co., Ltd. from Wang Zhongxi and others through the issuance of shares and payment of cash, and intends to raise supporting funds. The transaction is expected to not constitute a major asset reorganization, but does constitute a related party transaction, and will not result in a change in the controlling shareholder. Trading of the company's stock was suspended from January 29 and resumed on February 10. As of April 10, the audit and evaluation work related to the transaction has not been completed. This transaction still requires multiple approvals, and it is uncertain whether it will be approved and the timeline.