On September 7, Mr.Alebiosu Olusegun, President of First Bank of Nigeria, and his delegation visited Pengxin Mining headquarters for exchange and investigation. Wang Jian,Chairman of Pengxin Mining, Zhang Suwei, President of Pengxin Mining and other leaders attended the meeting in a combination of online and offline, in which both parties had a discussion and full exchanges.

First Bank of Nigeria Limited is the premier bank in West Africa and its influence has spread to all walks of life. As a leading provider of inclusive financial services in the region, First Bank has been providing a comprehensive range of retail and corporate financial services to its customers with a development-oriented approach for over 130 years. With its global reach as one of Africa's most sustainable financial services brands, First Bank offers an internationally competitive,world-class brand and a trusted partner for potential investors looking to explore the vast business opportunities in Africa. Mr. Alebiosu Olusegun and his delegation were in Beijing, China to attend the 2024 Forum on China-Africa Cooperation Summit, and also made a special trip to Shanghai to communicate with key Chinese companies.

Mr. Alebiosu Olusegun and his delegation visited Pengxin Group's corporate culture exhibition hall and gained a comprehensive understanding of Pengxin Group, especially Pengxin Mining's development history, strategic layout, business planning, corporate culture and social responsibility through the corporate video.

At the meeting, Wang Jian, Chairman of Pengxin Mining, expressed his warm welcome to the visit of the leaders of First Bank of Nigeria and his delegation. Wang Jian made a comprehensive introduction of the company's development strategy, industrial layout and investment planning, and expressed his gratitude to First Bank forits long-term support for our off shore financial services. Zhang Suwei,President of Pengxin Mining, participated in the meeting by video in South Africa, and gave a detailed explanation on the business operation of Pengxin Mining in Africa and the latest development progress of South African projects.Mr. Alebiosu Olusegun expressed his gratitude to Pengxin Mining for itslong-term support and trust, and highly recognized the achievements of Pengxin Mining's strategic layout. The 2024 Forum on China-Africa Cooperation Summit was successfully held in Beijing. During the summit, the leaders of China and Africa shared their friendship, cooperation and future, and unanimously agreed to elevate the overall relationship between China and Africa to an all-weather community of destiny in the new era. The cooperation between Pengxin Mining and First Bank of Nigeria epitomizes the friendly cooperation between China and Africa. At the meeting, the parties expressed that they would further strengthen communication and deepen cooperation on the basis of the current cooperation, and work together for better development.

Ebong Ini, Vice President of First Bank of Nigeria, Ejeh Emeka, Regional General Manager, Amujo Kunle, Business Executive Officer, Ayeronwi Olajide, President of DRC Sub-branch, Wang Chuanqiang, Chief Representative of Beijing Representative Office, Zhao Yue, Chief Financial Officer of Pengxin Mining, Zhang Wen, Deputy General Manager of Investment and Financing Department, Zhang Xueyu, Deputy General Manager of Personnel and Administration Department, and Zhang Zhengrong, Secretary of Chairman of the Board attended the exchange; Zhu Xiaowei, General Manager of SMCO, and Xu Xiaobo, Financial Director of SMCO,participated in the talks online.