Risk reminder announcement of Tibet Huayu Mining Co., Ltd.

Huayu Mining shares fell sharply today until the limit, the company issued a risk warning announcement.

The contents are as follows:

The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or material omissions in the contents of this announcement, and bear individual and joint and several liability for the authenticity, accuracy and completeness of its contents.

The stock price of Tibet Huayu Mining Co., Ltd. (hereinafter referred to as "Huayu Mining" or "Company") fluctuates greatly in the short term. Please pay attention to the trading risks in the secondary market, invest rationally and invest prudently.

Due to the large fluctuations in the company's stock price recently, in order to avoid unnecessary speculation, cause abnormal fluctuations in the stock price, and maintain the normal trading order of the market, the company specially carries out risk tips to the majority of investors, as follows:

1. Lixin Accounting firm (Special General Partnership) issued a negative Internal Control Audit report 2020. According to Article 13.9.1 of the rules governing Stock listing on the Shanghai Stock Exchange, the company's shares will be subject to other risk warnings from April 30, 2021.

2. As of the date of disclosure of the announcement, the controlling shareholder of the company, Tibet Dao Heng Investment Co., Ltd. (hereinafter referred to as "Dao Heng Investment"), held 102608075 shares of the company, accounting for 18.5274% of the total share capital of the company, of which 94568318 shares were pledged, accounting for 92.1646% of the total shares held by Dao Heng Investment, accounting for 17.0757% of the total share capital of the company.

3. Chongqing No. 1 Intermediate people's Court has auctioned 3000000 shares held by Dao Heng Investment without limit on the judicial auction network platform of Taobao from 10:00:00 on August 29 to 11: 21 on August 30, 2021. The above-mentioned shares have been auctioned, of which the first batch of 1000000 shares was won by Wei Wei, and the auction price was 14851000 yuan. The bidder of the second batch of 1000000 shares was Sha Zhizhong, and the auction price was 14921000 yuan, while the third batch of 1000000 shares was won by Wei Wei, which sold for 14861000 yuan. For details, see the "reminder announcement of Tibet Huayu Mining Co., Ltd. on the result of judicial auction of part of the company's shares held by the controlling shareholder" disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) and designated newspapers and media on August 31, 2021 (notice No.: Lin 2021-081).

At present, the company is actively preparing the relevant materials for the non-public offering of shares to be submitted to the CSRC, and the non-public offering of shares of the company still needs to obtain the approval of the China Securities Regulatory Commission, and there is great uncertainty as to whether the above approval can be obtained and the timing of the approval. The company will timely fulfill the corresponding review procedures and information disclosure obligations according to the progress of the project.

Fifth, the company's holding subsidiary, Ta Aluminum Gold, has not yet been put into production. So far, the company's main product, antimony concentrate, has an average annual output of about 4000 metal tons.

VI. Except for the information that has been disclosed by the company, as of the date of disclosure of this announcement, the controlling shareholder and the actual controller of the company do not have material information about the company that should be disclosed but not disclosed. The board of directors of the company confirmed that at present, the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions such as the rules governing the listing of shares on the Shanghai Stock Exchange, or plans, negotiations, intentions, agreements, etc. there is no need to correct or supplement the information disclosed in the previous period of the company.

After the company's self-examination, the company has not found any media reports, market rumors and market hot concepts that may have a significant impact on the company's stock trading price that need to be clarified or responded to.

The company solemnly reminds the majority of investors that the relevant company information shall prevail in the relevant announcements published on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the company's legal information disclosure newspapers and media. investors are invited to invest rationally and pay attention to investment risks.