Rizhao Transportation and Energy Development Group Visits Jin'ang Holding to Explore a New Chapter in Mining Cooperation

On the morning of December 28, Wu Yufeng, member of the Party Committee and deputy general manager of Rizhao Transportat

On the morning of December 28, Wu Yufeng, member of the Party Committee and deputy general manager of Rizhao Transportation and Energy Development Group, led a delegation to Jin'ang Holding for inspection and exchange. The two sides held in-depth discussions on company profiles, business layouts and prospects for cooperation, further enhancing mutual understanding and laying a solid foundation for deepening practical cooperation in the future.

Discussion meeting

| Rizhao Transportation and Energy Development Group: A Leading Local State-Owned Enterprise Building a Full 'Greater Transportation' Industrial Chain

As the largest local state-owned enterprise in Rizhao City, Rizhao Transportation and Energy Development Group takes the building of an integrated transportation and energy development pattern as its strategic goal, with business covering multiple levels of the 'greater transportation' field and forming a development pattern in which six core business segments advance side by side. Relying on its locational advantages and industrial base, the Group actively responds to the national strategy and is steadily expanding its layout in mineral resources, committed to becoming a comprehensive state-owned enterprise benchmark spanning transportation, energy, resources and other diversified industries.

| Jin'ang Holding: Focused on the Full Mining Chain, Building a Dual-Driven 'Industrial Internet + Mining' Model

Jin'ang Holding is a key enterprise in Hunan Province's economic and trade cooperation with Africa. With the mission of 'building the enterprise on mining and serving the country with resources', its business is highly focused on the entire mining industrial chain — mineral resource exploration, extraction, beneficiation and smelting, warehousing, logistics, trading and mining digital intelligence. The Group has seven specialized subsidiaries and regional branches, and has operated for years in Tanzania, Mozambique, Zimbabwe and other countries, forming a 'Jin'ang system' mining asset cluster with significant competitiveness.

Viewing the sand-table model of the China-Mozambique Mining Cooperation Demonstration Zone

Jin'ang Holding's core business layout:

Gold business: the advantageous pillar segment. In Tanzania, the company holds exploration rights covering nearly 300 square kilometers and 102 mining rights, with 13 gold mines in production and supporting beneficiation and smelting plants, possessing large-scale development and production capacity.

Nickel business: the most strategically significant segment and the core engine driving the company's future revenue growth. In Tanzania's Lindi nickel belt, the company holds mining rights covering 2.67 square kilometers and is actively advancing geophysical prospecting and drilling work.

Overseas warehouse layout: the supporting services segment. The overseas warehouse is located in Kibaha, Tanzania, adjacent to the Port of Dar es Salaam, covering 29,000 square meters; once completed, it will strengthen logistics and warehousing capacity and support industrial-chain synergy.

Rizhao Transportation and Energy Development Group Visits Jin'ang Holding to Explore a New Chapter in Mining Cooperation — on-site photo

The digital-intelligent innovation platform — Kuangduoduo: the core asset driving the company's future development. Using an 'online platform + offline hub' model to build an industrial cluster ecosystem, it has already attracted more than 100 small and medium-sized mine owners, over 30 equipment manufacturers, more than 20 central and state-owned enterprises and over 10 financial institutions, forming an integrated matching network of resources, equipment, capital and services and offering an innovative path for small and medium-sized mining companies to 'go global in clusters'.

| Investment Value and Development Prospects

With years of deep cultivation in Africa's mineral sector, Jin'ang Holding has built full-chain capabilities from resource acquisition and development operations to logistics and trading, and holds abundant reserves especially in strategic resources such as gold and nickel, with strong cyclical resilience and profit sustainability. Taking national mineral resource security as its own responsibility, the Group closely aligns with the policy orientation of the National Security Strategy (2021-2025), which elevates mineral resource security to the national level.

Development highlights:

1. Strong resource control: holding multiple mining rights in Africa's core mineral belts, with resource reserves and development progress leading the industry.

2. Complete industrial chain: covering exploration, extraction, beneficiation and smelting, warehousing and trading, with notable synergies.

3. Outstanding model innovation: the Kuangduoduo platform integrates industry resources through the industrial internet, effectively lowering the threshold and operating costs for small and medium-sized mining companies going global, with replicability and potential for scale expansion.

4. Strong policy alignment: in line with the Belt and Road Initiative and the strategy for cooperation with Africa, benefiting from the continued deepening of China-Africa mining cooperation.

Cooperation prospects:

This visit by Rizhao Transportation and Energy Development Group marks a new stage in the resource complementarity and strategic synergy between state-owned capital and private-sector professional strengths. The two sides are expected to carry out practical cooperation in mineral development, logistics and warehousing, supply-chain finance, and the joint building of digital-intelligent platforms, jointly responding to the national resource security strategy and opening up a new development pattern in mining.

The two sides pose for a group photo

Against the backdrop of the increasingly prominent strategic status of mineral resources, Jin'ang Holding, through the dual drive of 'physical mining + industrial internet', has not only consolidated its own resource base and full-industrial-chain capabilities, but also innovated the industry ecosystem through the Kuangduoduo platform, providing systematic support for the global development of small and medium-sized mining companies. This exchange with Rizhao Transportation and Energy Development Group opens broad space for the two sides to jointly advance collaborative mineral resource development and safeguard strategic resource supply, and is expected to create a new paradigm of win-win cooperation between state-owned and private enterprises.