1 Procurement Conditions The procurement project, Panchangte June 2026 Second Batch Molybdenum Bar Open Inquiry and Comparison (PGWZMYHGXHD260603293266), is procured by the Materials Division of Pangang Group Materials Trading Co., Ltd. The project funds are self-raised. The project has met the procurement conditions, and an open inquiry and comparison is now being conducted. 2 Project Overview and Procurement Scope 2.1 Project Name: Panchangte June 2026 Second Batch Molybdenum Bar Open Inquiry and Comparison 2.2 Alternative procurement method upon procurement failure: Negotiated procurement 2.3 The procurement content, scope, and scale of this project are detailed in the attachment "Material List Attachment.pdf." 3 Bidder Qualification Requirements 3.1 Joint venture bidding is not permitted for this procurement. 3.2 Bidders for this procurement shall possess the following qualification requirements: (1) Manufacturing-type business license 3.3 Bidders for this procurement shall meet the following registered capital requirements: Registered capital for manufacturing-type enterprises: 5 million yuan (10,000 yuan) and above 3.4 Bidders for this procurement shall meet the following performance requirements: When submitting bids, bidders shall provide performance evidence (scanned copies of invoices) for similar products from January 1, 2023 to the bid submission deadline. 3.5 Bidders for this procurement shall meet the following capability requirements, financial requirements, and other requirements: Financial requirements: Registered capital of no less than 5 million yuan Capability requirements: Provide valid enterprise qualification certificates: scanned copies of the original or duplicate business license. Other requirements: See attachments for details (if applicable) 3.6 For projects subject to mandatory tendering by law, bids from persons subject to enforcement for breach of trust shall be invalid. 4 Obtaining Procurement Documents 4.1 All interested bidders shall log in to the Ansteel Smart Tender and Bid Platform at http://bid.ansteel.cn to download the electronic procurement documents from 10:00 on June 4, 2026 to 10:00 on June 11, 2026 (Beijing time, the same hereinafter). Click to view tender details:

Chinese Taiwan's upstream stainless steel mills raised June domestic prices, marking a seventh consecutive monthly increase. Benchmark 304 hot-rolled and cold-rolled coils rose NT$2000/ton, bringing the cumulative seven-month gain to NT$25,500/ton. The adjustment was driven by rising raw material costs and upcoming summer electricity rates, with higher molybdenum prices and a firmer May LME nickel average offsetting slight declines in Chinese ferrochrome and ferronickel. Asian cold-rolled coil export prices also rose USD120/ton over the past month, providing additional support. Despite cautious, need-based downstream procurement, markets expect stable to slightly higher near-term prices amid firm global markets and supply reductions in China.

[Molybdenum News Flash] SMM June 3: Yesterday, molybdenum concentrate mines in Henan and Jiangxi auctioned off shipments, with high transaction prices, driving the spot order market to follow the upward trend. Today, SMM 45% molybdenum concentrates closed at 5,130-5,160 yuan/mtu, up 130 yuan/mtu from yesterday. Some mines adopted a wait-and-see approach with limited selling. The ferromolybdenum market saw strong cost support, with ferro plants passively following the price increases, and some enterprises temporarily suspending quotations. Recently, the steel mill tender price center shifted up to around 313,000 yuan/mt, with steady demand. Today, SMM ferromolybdenum closed at 315,000-325,000 yuan/mt, raised 6,000 yuan/mt from yesterday.

[Molybdenum News Flash] SMM reported on June 2: A mine in Jiangxi sold 128 mt of molybdenum concentrates with 40%-45% grade (average copper 2.175%, average phosphorus 0.084%). The auction transaction price was 5,130 yuan/mtu, with a reserve price of 5,000 yuan/mtu, settled at 35% cash and 65% bank acceptance.

[Molybdenum News Flash] SMM reported on June 2: A mine in Henan issued a tender to sell 132 mt of molybdenum concentrates with a grade of 45%-50%, with a minimum bid price of 5,050 yuan/mtu.

[Ferromolybdenum Tender Information] SMM reported on June 1: Xinyu Steel's tender plan on June 1: ferromolybdenum 60 mt, bid closing time: June 4, 2026, 14:20, delivery date: June 19, 2026. Longteng Special Steel's tender plan on June 1: ferromolybdenum 64 mt, bid closing time: June 2, 2026, 10:00, delivery date: June 20, 2026. Fushun's tender plan on June 1: ferromolybdenum 60 mt, delivery date: June 15, 2026.