On July 25, Pengxin Mining successfully convened its 2025 mid-year review meeting at the company’s Shanghai headquarters in a hybrid (online and offline) format. The meeting was attended by the company’s leadership team, along with heads of all business units and departments. It was chaired by Mr. Chu Yuejiang, Assistant to the Chairman.

During the meeting, each business unit and department delivered a comprehensive review of first-half performance, progress on key initiatives, and areas for improvement. The summaries emphasized quantitative analysis—evaluating outcomes through data, identifying gaps, and clarifying future direction. Presentations also set out clear goals, concreteaction plans for the second half of the year, and targeted suggestions to support the company’s continued growth.

Chairman Wang Jian delivered a keynote speech, noting that Pengxin Mining achieved a turn around and delivered notable growth compared to the same period last year, setting a solid foundation for accomplishing the company's full-year targets. With the concerted efforts of all employees, the company seized favorable market opportunities, stayed firmly focused on its annual operational targets, and coordinated efforts to stabilizeand expand production across its two major resource segments in South Africa and the DRC. Meanwhile, the company further strengthened lean management practices, implemented precise cost controls across mining and metallurgical processes, and achieved remarkable results in cost reduction and efficiency gains, laying a solid foundation for sustained performance growth in the second half of 2025.

Chairman Wang emphasized that, on the basis of summarizing first-half experiences and analyzing existing gaps, all business units and departments must develop a clear and in-depth understanding of current problems and deficiencies. He called on teams to maintain unity,integrity, and a high level of drive, and to continue striving with determination toward the company’s full-year performance targets.

In light of the company’s current business development, Chairman Wang further outlined key priorities for the remainder of the year, including strategic planning, advancing organizational transformation and empowerment, building core competitiveness, improving corporate governance,and reinforcing compliance systems. He encouraged all employees to stay confident, remain business-focused, strengthen internal management, and drive execution at all levels—rallying together with full determination to achieve the company’s full-year performance goals.