Tibet Huayu Mining's shareholders have reduced their holdings, bringing their shareholding percentage down to 8.87%.

Tibet Huayu Mining Co., Ltd. announced that Qinghai Western Rare Metal Co., Ltd. had reduced its holdings by a total of 7,571,100 shares through centralized bidding from September 13th to 16th, accounting for 0.92% of the total share capital. Its shareholding ratio decreased from 9.79% to 8.87%, triggering a 1% scale of equity change. This reduction is part of the shareholder's previously disclosed reduction plan, does not involve a tender offer, does not require the disclosure of an equity change report, will not result in a change in the company's controlling shareholder or actual controller, and does not violate any regulations. As of the announcement date, the reduction plan has not been fully implemented, and the company will continue to urge the information disclosure obligors to comply with regulations and disclose information in a timely manner.