"Hunan Yuneng: Subsidiary Guizhou Yuneng Mining Wins 2 Phosphate Mining Rights"

On November 29th, Hunan Yuneng disclosed that its subsidiary Guizhou Yuneng Mining recently signed a "Mining Rights Transfer Contract" with the Guizhou Provincial Department of Natural Resources, including the exploration rights for Dashichang Phosphate Mine and Huangjiapo Phosphate Mine. Dashichang Phosphate Mine is located in Dashichang, Fuquan City, Guizhou Province, with an estimated resource quantity of 30 million tons. Huangjiapo Phosphate Mine is located in Huangjiapo, Daoping Town, Fuquan City, Guizhou Province, with a total phosphate ore resource quantity of 18.3 million tons, including a controlled resource quantity of 8.7 million tons and an estimated resource quantity of 9.6 million tons. Hunan Yuneng stated that, in accordance with the company's integrated industry layout of "resources-precurser-positive electrode material-circular recycling", the subsidiary Guizhou Yuneng Mining's successful acquisition of the exploration rights for Dashichang and Huangjiapo phosphates is an important step in addressing the company's resource deficiencies and is in line with the company's long-term development strategic goals.