On August 27th, Mr. ISAAC MUTHURE MACHARIA, the Non-executive Chairman of Equity Group, Mr. JAMES NJUGUNA MWANGI, the CEO of Equity Group, and the related leaders of Equtiy BCDC visited the headquarters of Pengxin Mining. Zhang Suwei,President of Pengxin Mining, Wang Peng, CFO of Pengxin Group and other leaders attended the reception, and both parties had a discussion and full exchange.

Equity Group is the largest banking group in East and Central Africa in terms of market capitalization, with assets of more than US$10 billion, and with more than 14.2 million customers, is one of the largest banks in Africa in terms of customer base. Equity BCDC is the second largest bank in the DRC with over 2,000 employees, 74 branches nationwide and a customer base of close to 1 million. Equity BCDC is a fully integrated commercial bank offering state-of-the-art financial solutions in all sectors, including Corporate,Institutional, Micro, Small and Medium Enterprises and Mass Retail.

Equity Group visited Pengxin Group's corporate culture exhibition hall and gained acomprehensive understanding of Pengxin Group's development history, strategic layout, business planning, corporate culture, social responsibility, etc.,especially the Pengxin Resources section, through the corporate video, and highly praised the company's business development.

At the meeting, Zhang Suwei, President of the Company, extended a warm welcome to Equity Group and expressed gratitude to Equity Group for its long-term support for the Company's offshore financial services. President Zhang made acomprehensive introduction of the Company's strategic development concept and industrial layout, and focused on the operation of the Company's African DRC Shituru project and South African Orkney gold mine project, as well as the medium- and long-term development plan in detail. Mr. ISAAC MUTHURE MACHARIA,Non-Executive Chairman of Equity Group, expressed his gratitude to Pengxin Mining for its long-term support and trust, and highly recognized the promising achievements of its strategic layout. Both sides discussed in depth about the Company's overseas business cooperation and financial support, and expressed strong willingness to further deepen the financial service cooperation in the future.

 JOYDIBENEDETTO, YVES BINZUNGA, TIMO NTOTO, WILLY MULAMBA, and Zhang Ke from Equity Group, Chu Yuejiang, assistant to the chairman of Pengxin Mining, Zhao Yue,CFO, and Zhang Wen, deputy general manager of Investment and Financing Department, attended the exchanges; and Li Xuecai, assistant to the chairman of the board, and relevant leaders of SMCO participated in the meeting online.