Hengxing Science & Technology: The mining license renewal application of its subsidiary Yongjin Mining is still under review

On September 26, Hengxing Science & Technology announced that its wholly-owned subsidiary Yongjin Mining obtained the mining license for Longtoushan Gold Mine in March 2025, and in April 2025, entrusted the Tenth Geological Exploration Company to conduct detailed exploration of the Longtoushan Gold Mine. Yongjin Mining submitted an application for the extension of the mining license to the Chifeng City Natural Resources Bureau in August 2025, and the bureau accepted Yongjin Mining's application on August 26, which is currently under review. After signing the agreement with the Tenth Geological Exploration Company, the company has organized personnel to carry out detailed exploration work at the Longtoushan Gold Mine. Preliminary work has included remote sensing structural interpretation, surface verification, geological mapping, geophysical detection, and some drilling. Future exploration work will continue based on the actual conditions of the mining area and the work plan