YUEGUI: Wholly-owned subsidiary Jingyuan Mining won the mining rights for the Lianzhou reverse backflow quartzite mine for 219 million yuan

YUEGUI announced that its wholly-owned subsidiary Jingyuan Mining won the mining rights for the Fanbeichong quartzite mine in Lianzhou City through the Qingyuan Public Resource Trading Platform's natural resource trading system on September 24, 2025, with a starting price of 219 million yuan. The mining rights are located in Fanbeichong Village, Yao'an Yao Ethnic Township, Lianzhou City, Guangdong Province, with a mining reserve of 18.163 million cubic meters, including 10.432 million cubic meters of quartz for glass and 7.731 million cubic meters of metamorphic sandstone for construction. The area of the mining rights is 0.444 square kilometers, and the transfer period is 20 years from the date of the first approval for mineral resource mining registration. The revenue from the mining rights transfer is 222 million yuan, which needs to be paid in a lump sum. The acquisition of these mining rights aligns with the company's strategic development plan, helps increase resource reserves, expands the resource footprint and production capacity, enhances sustainable operational capabilities, and has a positive impact on the company's business expansion and continuous development