Reprinted from: China Securities Journal

  PengxinMining held the first Extraordinary General Meeting of 2022 on February 23, andoverwhelmingly approved the “Second Phase of Employee Stock Ownership Plan(draft)”. The size of stake of the Employee Stock Ownership Plan shall notexceed 16.5462 million shares, accounting for about 0.75% of the company’stotal share capital of 2.213 billion shares on the announcement date of thedraft employee stock ownership plan, and the funds planned to be raised is RMB33.0924 million Yuan at the most. The price for purchasing the repurchasedshares of this employee stock ownership plan is RMB 2.00 Yuan/share.