Announcement on the self-examination of stock trading by insiders in the significant asset restructuring of Wukuang Development.

The announcement from Wuzhou Development states that the company plans to acquire 100% equity of Wuzhou Mining and 100% equity of Luzhong Mining through asset swaps, issuance of shares, and cash payments, as well as raise matching funds. The self-examination period is from June 29, 2025, to July 10, 2026, involving 9 individuals and Citic Securities in buying and selling the companys stock during the self-examination period. The relevant personnel and institutions have all issued letters of commitment, stating that the buying and selling actions are personal investments or normal business activities and are unrelated to the restructuring, thus do not constitute insider trading. The company, independent financial advisors, and legal advisors all believe that the aforementioned actions do not pose substantial legal obstacles to this transaction.