Charting a New Blueprint for the Copper and Precious Metals Industry, Embarking on a New Journey of High-Quality Development: Jinchuan Group Tonggui Co., Ltd. Officially Unveiled

On June 19, 2025, Jinchuan Group Tonggui Co., Ltd. (hereinafter referred to as "Jinchuan Tonggui") was officially inaugurated. This leading enterprise, which has been deeply rooted in the non-ferrous metals industry for decades, successfully entered a new era of joint-stock development, embarking on a high-quality development journey oriented towards marketization, specialization, and internationalization. The inauguration not only signifies a change in the company name but also represents a fundamental transformation in the operational system and a strategic upgrade in development philosophy. It has injected strong momentum into Jinchuan Tonggui's goal of becoming a world-class enterprise and provided a new model for the optimization and upgrading of China's non-ferrous metals industry.

Deepening Industrial Integration to Build New Competitive Advantages

In December 2023, Jinchuan Group made strategic arrangements, with Jinchuan Group Copper Co., Ltd. as the main entity, to promote the reorganization and integration of subsidiaries with similar industries and core businesses, leading to the establishment of Jinchuan Group Tonggui Co., Ltd. In 2025, the company completed its joint-stock reform and was renamed Jinchuan Group Tonggui Co., Ltd. This major reform initiative not only optimized the corporate governance structure but also represented a significant innovation in the company's operational and development philosophies, laying a solid foundation for Jinchuan Tonggui's future growth.

Building a Modern Governance System to Pool Synergistic Development Forces

The "joint-stock reform" marks an important milestone in Jinchuan Tonggui's management innovation and a strategic choice for integrating into the new industry ecosystem and steering towards high-quality development. To ensure the steady progress of the reform, all employees of Jinchuan Tonggui worked together with a high-spirited attitude of "starting with determination," actively participating in the reform practice, grasping the key aspects of the reform, and safeguarding the overall reform process with practical actions.

Jinchuan Tonggui anchored its goals in the company's 14th Five-Year Plan and laid out the 15th Five-Year Plan, aiming to build a "trillion-yuan Jinchuan" and steer towards high-quality development. By keenly observing industry trends, systematically integrating internal resources, targeting core reform challenges, and scientifically compiling task lists, the company adopted a "list-based management and project-based advancement" model to drive the reform process with a sense of urgency. Currently, Jinchuan Tonggui has successfully completed its joint-stock transformation.

Jinchuan Tonggui took the construction of a modern governance system as a breakthrough point, focusing on improving the modern enterprise system with Chinese characteristics as a key reform task. Centering on the company's articles of association, it built a comprehensive, multi-level internal control management system. Jinchuan Tonggui fully leveraged the guiding role of its articles of association to establish a governance ecosystem with legally defined responsibilities, transparent operations, efficient collaboration, and normalized supervision. It integrated the Party Committee's direction-setting, the Board's strategic decisions, and the management's operational planning to unleash new governance momentum.

Relying on the professional guidance and full support of Jinchuan Group, Jinchuan Tonggui has made remarkable breakthroughs in governance innovation with unstoppable momentum, achieving significant progress in scientific decision-making by the board of directors, closed-loop risk management, innovation in operational mechanisms, "cost optimization and efficiency creation" throughout the entire process, and benchmarking of management capabilities. Jinchuan Tonggui has strengthened standardized operations, making steady progress in key areas such as related-party transaction control, optimization of material procurement, expansion of sales channels, improvement of the internal control system, and independence of financial funds, injecting strong momentum into its move towards high-quality development.

Forging Advantages in the Entire Industry Chain to Lead the Global Copper and Precious Metals Industry Development

Today, as the "largest platinum group metals production site in Asia," the "leading copper enterprise in northern China," the "flagship of the gold and silver industry in western China," and the "only special member of the Shanghai Gold Exchange and standard gold ingot producer in Gansu Province," Jinchuan Tonggui has been deeply engaged in the fields of copper-nickel smelting, copper processing, and rare and precious metals smelting for over 60 years.

As a holding subsidiary of Jinchuan Group, Jinchuan Tonggui shoulders the responsibility for the development of the Group's copper and precious metals industries. With the vertical and horizontal layout of 13 branch and subsidiary companies, including Jinchuan Tonggui's headquarters, Guangxi Jinchuan Company, Yongchang Copper Company, Wire and Cable Company, and Baotou Huading Copper Company, Jinchuan Tonggui has constructed a complete industry chain spanning copper, precious and rare metals, deep processing, and environmental governance, forming a modern industrial cluster characterized by vertical and horizontal linkage, internal and external complementarity, and efficient collaboration.

Jinchuan Tonggui fully leverages its role as the leader of the industry chain, planning and implementing strategies in a coordinated manner to extend, supplement, and strengthen the industrial chain. Internally, it has established an integrated management system for parent and subsidiary companies to drive industrial development downwards. Externally, it has formed strong alliances with multiple central state-owned enterprises and strategic partnerships with over a hundred well-known enterprises, universities, and research institutes both domestically and overseas, including China ENFI Engineering Corporation, China Nerin Engineering Co., Ltd., Central South University, and Northeastern University, injecting strong impetus into the development of the copper and precious metals industry.

Deepening Global Layout to Build an Outstanding Brand

With the ambition of contributing to the country through industry and the responsibility of revitalizing industry, Jinchuan Tonggui relies on regional resource endowments, deeply integrates into the domestic and international dual circulation, fully expands the territory of "two types of resources," activates market elements, and achieves remarkable success on the track of leapfrog development, injecting surging momentum into Jinchuan Group's climb to a new peak of high-quality development.

Over the years, adhering to the belief of "building a foundation on quality and striving for excellence," Jinchuan Tonggui has crafted exemplary products with ingenuity and intelligence, focusing on providing high-precision, high-performance industry solutions to global customers, and continuously enhancing the hard power of its products as well as the radiation, penetration, and credibility of its brand. The company's "JNMC" copper cathode is listed on the London Metal Exchange, and its "Jintuo" brand copper rods and wires have been rated as nationally consumer-satisfied products and famous-brand products in Gansu Province. "JNMC" high-purity copper cathode, "Jintuo" brand gold and silver ingots, and Jinchuan wire and cable have won the Gold Cup Award for Physical Quality of Non-Ferrous Metal Products. The first-grade product rate for gold, platinum, and palladium products has remained at 100% for 30 consecutive years, and the quality of rhodium, iridium, osmium, and ruthenium products has reached the national first-grade standard. More than 30 types of products are marketed nationwide and exported to over 10 countries including the UK, the US, and Canada, establishing a three-dimensional market layout. The Jinchuan Tonggui brand has traversed mountains and seas, gaining global acclaim.

Technology Empowers Industries, Unleashing New Quality Productive Forces

Jinchuan Tonggui leverages an innovation-driven development strategy as its engine, upholding innovative concepts, tackling project construction challenges, nurturing an innovative ecosystem, and refining innovation mechanisms. It promotes the standardization, sustainability, and effectiveness of scientific and technological innovation efforts, fully empowering the Tonggui industry to ascend to high-end levels, transform towards intelligence, and leap towards green development. The implementation of intelligent projects, such as the intelligent concentrate warehouse, intelligent acid loading, intelligent anode plate storage and transportation and copper cathode shipping system, intelligent slag slow cooling field, secondary alloy intelligent batch feeding, and silver ingot automatic casting system, injects 5G+ intelligent manufacturing into traditional smelting, creating a copper smelting intelligent factory that integrates the entire production process, including production, safety, environmental protection, logistics, warehousing, energy, equipment, inspection, and testing. Meanwhile, Jinchuan Tonggui proactively establishes a collaborative innovation platform for the Tonggui industry chain, engaging in in-depth cooperation with upstream and downstream enterprises in technological breakthroughs, data interoperability, and joint research and application. It deepens industry-university-research collaboration with scientific research institutes, firmly grasping key core technologies through technology introduction, digestion, absorption, and re-innovation. In recent years, Jinchuan Tonggui has accumulated 649 national patents, 3 National Science and Technology Progress Awards, and 33 provincial and ministerial-level awards, achieving a leap from "domestic substitution" to "international leadership."

Party Building Drives Talent, Collaborative Progress for a New Chapter

In the development process of Jinchuan Tonggui, the depth and precision of the integration between Party building and production and operation have continuously increased. The leading role of Party organizations permeates every production link, from the precise formulation of production plans to the efficient resolution of technical challenges, and from the meticulous management of cost control to the steady improvement of product quality. The exemplary role of Party members continues to shine, with a vast number of Party members taking on heavy responsibilities and leading the charge on the production frontlines, guiding employees to pool their wisdom and efforts, overcome difficulties, and form a powerful production synergy. This integration not only optimizes production processes and enhances production efficiency but also spawns new production models and management mechanisms, making the company's production more innovative, flexible, and competitive. It enables Jinchuan Tonggui to gain an edge in fierce market competition, create greater economic benefits, and achieve high-quality development.

Jinchuan Tonggui prioritizes talent cultivation, deeply integrating the mentor-apprentice system into its talent development framework. Focusing on the "2+4" goals, it establishes and implements a "3+5" management and operation mechanism, implements a "target + list" and "order-based" skilled talent cultivation plan, and addresses every critical node in talent growth to achieve comprehensive coverage. It actively carries out activities such as "on-the-job training," "skill competitions," and "model worker (craftsman) micro-lectures," promoting "dual-track education" and strengthening employees' theoretical knowledge and practical operational skills training. It actively utilizes various studios, innovation centers, and other platforms, encouraging and inspiring highly skilled talents to participate in major scientific and technological technological transformation projects, on-site technical challenges, and other initiatives through activities such as "publicizing challenges for solutions" and "selecting and tackling difficult problems." It guides employees to engage in original innovation, integrated innovation, and the re-innovation of introduced, digested, and absorbed technologies, deeply advancing mass technological innovation activities, and building a strong contingent of innovative talents suited to the needs of high-quality development.

Standing at a new starting point, Jinchuan Copper & Precious Metals will uphold the concept of modern governance and a global perspective, continuously deepen reform and innovation, focus on its core businesses of copper and precious metals, accelerate the cultivation of new quality productive forces, and promote the transformation and upgrading of the industry towards high-end, intelligent, and green development. Jinchuan Copper & Precious Metals is committed to deeply participating in global competition, continuously enhancing its resource allocation capabilities and market influence, bravely assuming the responsibility as the "leader" of the industry chain, leading the high-quality development of the industry, contributing more to safeguarding the security of national strategic resources and building a modern industrial system, and striving to write a new chapter in building a world-class copper and precious metals enterprise.