On the morning of November 3, the Hong Kong Gold Industry Group announced on the Hong Kong Stock Exchange regarding the establishment of the Jiangxi Joint Enterprise Management Center and the acquisition of 20% of Guixi Baojia Mining Co., Ltd., as the limited partner of the partnership, the group was notified by the partnership on November 2, 2026 that since the partnership company and Lanxiang Mining failed to agree on certain commercial terms of the Bao Family's acquisition, they were unable to enter into a formal share transfer agreement. After friendly negotiations, the parties mutually agreed to enter into a termination agreement on November 2, 2026 to terminate the intention agreement and Baojia's acquisition. Since the main purpose of the partners establishing the partnership is to jointly invest in the Guixi Bao family, the group and the other partners of the partnership have mutually agreed to dissolve the partnership and reduced the total registered capital of the partnership to RMB 1 million before completing the necessary procedures for dissolution, to cover the expected cost of dissolution. The Board believes that the termination will not have any significant adverse impact on the Group's financial performance and operations.

On the morning of November 3, the Hong Kong Gold Industry Group announced on the Hong Kong Stock Exchange regarding the establishment of the Jiangxi Joint Enterprise Management Center and the acquisition of 20% of Guixi Baojia Mining Co., Ltd., as the limited partner of the partnership, the group was notified by the partnership on November 2, 2026 that since the partnership company and Lanxiang Mining failed to agree on certain commercial terms of the Bao Family's acquisition, they were unable to enter into a formal share transfer agreement. After friendly negotiations, the parties mutually agreed to enter into a termination agreement on November 2, 2026 to terminate the intention agreement and Baojia's acquisition. Since the main purpose of the partners establishing the partnership is to jointly invest in the Guixi Bao family, the group and the other partners of the partnership have mutually agreed to dissolve the partnership and reduced the total registered capital of the partnership to RMB 1 million before completing the necessary procedures for dissolution, to cover the expected cost of dissolution. The Board believes that the termination will not have any significant adverse impact on the Group's financial performance and operations.