According to the Zhitong Finance APP, Longjing Environmental Protection (600388.SH) announced that the Kairangeng Hydropower Station is located on the Lualaba River in Haut Lomami Province, Democratic Republic of the Congo, 200 km away from the location of Zijin Mining's subsidiary in Kolwezi. There is a significant power gap in the Democratic Republic of the Congo, and the Kolwezi area is particularly lacking in electricity. The company's wholly-owned subsidiary, Zijin Longjing, through its wholly-owned subsidiary Longjing Hong Kong, has acquired 80% of the project company's shares in the Democratic Republic of the Congo, obtaining the development rights for the 140MW Kairangeng Hydropower Station project. The total investment for the project is approximately USD 399 million, which is planned to be self-funded by the company.

This project is a key initiative for the company to implement its "Environmental Protection + New Energy" dual-driven strategy and deepen its global clean energy layout. The electricity generated by the project will be prioritized for supply to Zijin Mining's subsidiaries in the Democratic Republic of the Congo, significantly enhancing industrial synergy advantages, effectively ensuring stable energy supply for Zijin Mining, and reducing electricity costs. As a milestone project in the company's international clean energy layout, its completion will further enhance the company's competitiveness in overseas markets and its international brand influence. The implementation of the project will expand the scale of clean energy power generation business, inject sustainable profit growth points for the company, promote the green transformation of the energy structure, and align with the company's long-term development strategy and the global trend of low-carbon development