ZANGGE MINING: Subsidiary cancels shares of Super Lithium Industry Company

ZANGGE MINING announced that its subsidiary, ZANGGE MINING Investment, received a notification from the Canadian Ministry of Innovation, Science and Economic Development that it has canceled its holding of 23 million common shares and the corresponding 11.5 million stock options in Super Lithium Inc., and will no longer hold shares in Super Lithium Inc. This termination of investment is based on factors such as the expected poor economic benefits of the LAGUNA VERDE salt lake lithium project and unsatisfactory investment progress, aiming to avoid resource waste and reduce potential economic losses. The company has cumulatively recognized an asset impairment loss and fair value change loss of 20.0546 million yuan for its equity investment in Super Lithium Inc., and this cancellation of shares confirms an investment loss of 1.2042 million yuan, which will not have a significant adverse impact on the company's financial condition