[April 17 SMM lead data]

On August 21, Foshan Huahong Copper Pipe & Tube Co., Ltd., located in Shishan Town, Nanhai District, Foshan City, announced the cessation of its operations. The company was established in 2004 with a registered capital of 150 million RMB, and was once a leading enterprise in the Foshan refrigeration copper pipe & tube industry. It was also listed among the top 500 manufacturing enterprises in Guangdong Province and was recognized as a provincial high-tech enterprise.

On August 24, Jinhui Mining Co., Ltd. announced that its subsidiary had obtained a mining license and real estate ownership certificate and completed the change of its exploration right. Following the acquisition of the mining right, the company's production capacity will increase from 1.78 million mt/year to 2.44 million mt/year. The move is expected to further expand its lead-zinc resource reserves, strengthen resource security, consolidate its core lead-zinc business, and enhance its sustainable operating capabilities and core competitiveness, in line with the company's long-term development strategy.