Chifeng Gold announced that the company completed the acquisition of 90% of Chixia Mining's shares on March 25, 2025, and the Laos Mengkang rare earth project it operates is still in the trial production stage. After careful research and evaluation, in order to respond to and strictly comply with the relevant policy requirements for rare earth resource development, Chijinxia Tungsten decided to suspend the operation of the project. In 2025, the project produced 998.56 tons of rare earth products, attributable to Chifeng Gold's net loss of 54.06 million yuan; the first quarter of 2026 produced 63.6 tons, with a net profit of 372,800 yuan. The suspension of operations is expected to have little impact on the company's overall operating performance.

Chifeng Gold announced that the company completed the acquisition of 90% of Chixia Mining's shares on March 25, 2025, and the Laos Mengkang rare earth project it operates is still in the trial production stage. After careful research and evaluation, in order to respond to and strictly comply with the relevant policy requirements for rare earth resource development, Chijinxia Tungsten decided to suspend the operation of the project. In 2025, the project produced 998.56 tons of rare earth products, attributable to Chifeng Gold's net loss of 54.06 million yuan; the first quarter of 2026 produced 63.6 tons, with a net profit of 372,800 yuan. The suspension of operations is expected to have little impact on the company's overall operating performance.