Announcement • Jan 03
Shanghai Dingku Asset Management Company Limited Files Complaint Against North Mining Shares Company Limited, Shanghai Cheng Long Shiyie Company Limited, Jiulong Investment (Shanghai) Company Limited, Shanghai Mingshen Corporate Management Company Limited, Anhui Tongxin New Material Technology Company Limited North Mining Shares Company Limited announced that, the Company, Shanghai Cheng Long Shiyie Company Limited, Jiulong Investment (Shanghai) Company Limited, Shanghai MingShen Corporate Management Company Limited and Anhui Tongxin New Material Technology Company Limited have received a civil complaint filed with the Shanghai Financial Court by Shanghai Dingku Asset Management Company Limited (the Plaintiff) and a notice to produce evidence issued by the Shanghai Financial Court, and recently Shanghai Financial Court will held an interview on 15 January 2025 at 9:00 a.m, and formally applied for this case under the proceedings (2024) 74 727, with the hearing will be held before the Shanghai Financial Court on 2 April 2025 at 9:00 a.m. The subject matter relates to the failure to settle an indebted of the principal of RMB300 million together with outstanding interest of approximately RMB 337 million being the alleged outstanding amount owed by Tongxin to the Plaintiff under a loan agreement entered into between Tongxin and the Plaintiff on 4 January 2018. The Group is currently seeking legal advice and intends to dispute its liability. As the litigation proceedings are still in early stage, the Group will closely monitor the effects and impact of this litigation on the Group. As at the date this announcement, the Board confirms that this litigation did not have material adverse effect on normal operation and financial positions of the Group and the current business and operations of the Company and Tongxin remain normal and stable. Announcement • Nov 27
North Mining Shares Company Limited Announces Successful Renewal of Safety Production Licence North Mining Shares Company Limited announced that the management of the Group continued to work closely with the government authorities to complete the grant of other ancillary licences for the mine (i.e., Safety Production Licence). The Safety Production Licence has been successfully renewed and the renewed Safety Production Licence, which is valid up to 17 October 2027, has been granted by the Shaanxi Provincial Emergency Management Department of PRC and issued to the Group on 18 October 2024. The Safety Production Licence is the major licence required for the Group to conduct its mining activities of its molybdenum mine. Due to obtain of the Safety Production Licence, mining operation of the Group is able to resume full operation now. Announcement • Nov 30
North Mining Shares Company Limited Appoints Huang Zhidan as Executive Director The board of directors of North Mining Shares Company Limited announced that Mr. Huang Zhidan has been appointed as an executive director with effect from 29 November 2023. Mr. Huang, aged 56, postgraduate degree in economic management from GuangDong Academy of Social Sciences in 2002, he has in-depth knowledge and experience in corporate finance. He is the board chairman of SFund International Investment Fund Management Limited and the chief operational officer of Guangzhou Industrial Investment Fund Management Co., Ltd, the substantial shareholder of SFund International, both since September 2021. SFund International was one of the creditors under the scheme of arrangement of the Company which would become a shareholder of the Company pursuant to the terms of the scheme of arrangement. Prior to joining SFund International, Mr. Huang was a party committee member and vice president of China Zheshang Bank Guangzhou Branch from June 2015 to September 2020. From July 2022 to July 2023, Mr. Huang worked as an executive director for Magnus Concordia Group Limited. Mr. Huang has entered into a service contract with the Company for acting as an executive Director commencing on 29 November 2023. 
