According to the investor relations activity record announced by Jintian Holdings on March 19 (March 10-12, 2026): 1. The Company’s 2025 earnings guidance and the reasons for the projected increase. Jintian Holdings replied: In 2025, the company implemented its “dual upgrade in products and clients” strategy, with product applications continuing to deepen in high-end fields; it stepped up expansion among clients outside China, and sales in markets outside China continued to grow; meanwhile, through digitalization initiatives, it improved operational and management efficiency, and the gross margin and profitability of its products improved YoY. The company expected net profit attributable to owners of the parent for 2025 to reach 700 million yuan to 800 million yuan, up 51.50%-73.14% YoY from the same period last year. 2. Progress of the company’s share repurchase. Jintian Holdings replied: From February 3, 2026 to February 28, 2026, the company had cumulatively repurchased 4,942,200 shares through centralized bidding, accounting for 0.29% of its current total share capital, with total funds paid of 56,676,944 yuan (excluding transaction costs). 3. The company’s industry position and competitive advantages. Jintian Holdings replied: The company had focused on the copper processing industry for 39 years and was one of the largest enterprises in China by scale and with the most complete industry chain. In 2024, the company achieved total production of 1.9162 million mt of copper and copper alloy materials, and its total production of copper semis ranked first globally. The company offered a wide range of copper products and could meet clients’ one-stop procurement needs for multiple categories of copper semis, including rods, tubes, plates and strips, and wires. Its copper products had been widely used in NEV, clean energy, communications technology, electrical power and equipment, chips and semiconductors, and other fields. At present, the company had developed a profound cultural heritage and outstanding organizational capability, with a significant market scale position and a global industrial footprint; it possessed leading manufacturing and R&D capabilities; it had built a specialized product matrix and formed a stable base of top-tier industry clients; and it had also established forward-looking green recycling technology barriers, laying a solid foundation for becoming a world-class base for copper products and advanced materials. 4. The capacity and business performance of the company’s rare earth permanent magnet products. Jintian Holdings replied: The company had entered the magnetic materials business in 2001. After more than 20 years of dedicated development, it had become one of the enterprises in China’s peer industry with relatively advanced technology and a well-developed product system. At present, the company had two magnetic material production sites in Ningbo and Baotou. Phase I of the Baotou site had commenced production, and the company’s annual capacity of rare earth permanent magnet materials had increased to 9,000 mt. The company was actively advancing the Phase II project at the Baotou site to further increase capacity to 13,000 mt. At the same time, through its newly established German subsidiary, the company accelerated its international expansion and increased its share in overseas markets. The company was among the first batch of enterprises to obtain a general export license for rare earth permanent magnet products, and it has continued to strengthen and advance export-related business. The company’s rare earth permanent magnet products are widely used in multiple high-end fields, including NEVs, wind power generation, high-efficiency energy-saving motors, robotics, consumer electronics, and medical devices. 5. The Company’s Business Development in the Chip Computing Power Sector. Jintian Co., Ltd. responded: With its outstanding electrical and thermal conductivity, copper has become a core material for advanced AI industry chip interconnects and heat dissipation in computing power facilities, and the transition of copper-based materials toward high value-added products has further accelerated. The company has a solid client base and technical reserves in the chip computing power sector, and it is also among the first companies globally to achieve large-scale supply of copper-based materials to leading enterprises in the above fields. Among them, the company’s high-precision special-shaped oxygen-free copper busbar products have been applied in multiple top-tier GPU cooling solutions of several global first-tier thermal module enterprises. Products independently developed by the company, such as copper heat pipes and liquid-cooling copper pipe & tube, have been supplied in batches for computing power server products of multiple top-tier enterprises. The company will closely monitor and follow market demand in the chip computing power sector, further improve its product portfolio, and enhance the competitive advantages of its products. 6. The Company’s Position Advantages and Business Achievements in the Secondary Copper Sector. Jintian Co., Ltd. responded: The company has continuously innovated new pathways for the green development of copper-based high-tech materials and has become one of the enterprises in China with the largest utilization of secondary copper and the highest comprehensive utilization rate. It is also one of the few companies in the global industry to achieve a closed-loop entire industry chain covering secondary copper recycling, purification, and deep processing. The company’s independently developed low-carbon secondary copper products significantly reduce carbon emissions while ensuring product performance, enabling it to provide downstream clients across the industry chain with high-quality, comprehensive one-stop green solutions for copper semis. In H1 2025, sales of the company’s green, high-end, low-carbon secondary copper products increased 61% YoY. Its product matrix now covers copper strip, copper wire, magnet wire, copper pipe & tube, copper busbar, copper billet, and more, and has been applied in fields such as high-end consumer electronics, the automotive industry, and electrical equipment. Specific applications include laptop cooling modules, mobile phone vibration motors, NEV power battery connections, and AC/DC power supplies. The products have achieved mass production in the products of multiple world-renowned clients, forming a new performance growth driver represented by “green low-carbon secondary copper products.” An investor asked on the investor interaction platform: Have the company’s copper billet products now become core supplies for top-tier enterprises such as DJI Innovation or EHang Intelligent?With the boom in the low-altitude economy’s payload flight market, have the company’s PEEK materials or high-strength copper alloys developed for drone motor bearings and airframe structural components seen explosive growth in orders? On March 19, Jintian Co., Ltd. stated on the investor interaction platform that the company had a solid client base and technical reserves in the low-altitude economy field. Among its products, high-precision free-cutting copper billet, with excellent properties such as high strength and wear resistance, had already been applied in airborne structural components of low-altitude aircraft. The company’s PEEK material products provide high-voltage drive stability technical solutions for the low-altitude economy’s payload flight market, and it had already carried out R&D cooperation with multiple top-tier enterprises in China. The company will closely monitor and follow market demand in the low-altitude economy field, further improve its product portfolio, and enhance its product competitive advantages. For specific related information, please refer to periodic reports. An investor asked on the investor interaction platform: Hello, Board Secretary. Recently, LME copper prices have risen sharply. Under the company’s strictly implemented hedging strategy, did this generate positive gains from closing positions during the reporting period, or was there a slight loss? Approximately how much was the amount? In addition, as the company’s revenue scale expanded, how well did net operating cash flow match net profit in 2025? Was there any cash flow strain caused by prepayments for raw material procurement? On March 19, Jintian Co., Ltd. stated on the investor interaction platform that the company’s copper processing products adopted a pricing model of “raw material prices + processing fee” and carried out hedging operations in strict accordance with the Hedging Management System to reduce the impact of raw material price fluctuations on the company’s net profit. At present, fluctuations in copper prices had a relatively small impact on the company’s operating performance. For specific related information, please refer to periodic reports. On March 18, when responding to investor questions on the interaction platform, Jintian Co., Ltd. stated that the company had continued to expand its technological leadership in high-voltage electromagnetic flat wire and had further advanced cooperation on new energy high-voltage electromagnetic flat wire projects with world-class OEMs and motor suppliers. As of H1 2025, the company had secured 23 new nominations for its 800V high-voltage platform for new energy drive motors, and had already achieved bulk supply for multiple projects, with the shipment share of high-voltage flat wire continuing to increase. For specific related information, please refer to periodic reports. On March 17, when responding to investor questions on the interaction platform, Jintian Co., Ltd. stated that, with its outstanding electrical and thermal conductivity, copper had become a core material for chip interconnection in the advanced AI industry and heat dissipation in computing power facilities. The company had a solid client base and technical reserves in the AI computing power field. Among its products, the company’s high-precision shaped oxygen-free copper busbar products had already been applied in multiple top-tier GPU cooling solutions of several first-tier thermal module enterprises worldwide. The company will closely monitor and follow market demand in the AI computing power sector, further improve its product portfolio, and enhance its competitive edge. For specific information, please refer to the periodic reports. On March 17, Jintian Co., Ltd. said in response to investor questions on an interactive platform that the company continued to expand its technological leadership in the high-voltage electromagnetic flat wire industry, with both the number of designated projects on high-voltage platforms and shipment volume continuing to grow. Among them, the company's 1,000V flat wire products for drive motors have become an industry benchmark as supporting materials for "megawatt flash charging" technology in the NEV sector, while client-related certification for 1,200V flat wire for drive motors was also progressing in an orderly manner. In addition, the company had a solid client base and sound technical reserves in the chip and semiconductor sector. The company will closely monitor and follow market demand in the chip and semiconductor sector, further improve its product portfolio, and enhance its competitive edge. For specific information, please refer to the periodic reports. On March 17, Jintian Co., Ltd. said in response to investor questions on an interactive platform that the company remained committed to advancing its internationalization strategy, and construction of its newly built Thailand production site was progressing smoothly. The company's copper semis products exported outside China had an overall relatively high gross margin. In H1 2025, revenue from its principal operations outside China was up 21.86% YoY and continued to maintain a solid growth trend. The steady growth of business outside China laid a solid foundation for the company to deepen the upgrading of its global product and client mix. For specific information, please refer to the periodic reports. Jintian Co., Ltd.'s 2025 earnings forecast showed that, based on preliminary estimates by its finance department, the company expected net profit attributable to owners of the parent for 2025 to reach 700 million to 800 million yuan, representing an increase of 237.9574 million to 337.9574 million yuan from the same period last year (statutorily disclosed data), up 51.50% to 73.14% YoY. Net profit attributable to owners of the parent excluding non-recurring gains and losses for 2025 was expected to reach 440 million to 528 million yuan, representing an increase of 101.4004 million to 189.4004 million yuan from the same period last year (statutorily disclosed data), up 29.95% to 55.94% YoY. Regarding the main reasons for the expected increase in results for the period, Jintian Co., Ltd. stated: In 2025, the company implemented its "dual upgrade of products and clients" strategy, with product applications in high-end fields continuing to deepen; it stepped up expansion among clients outside China, and sales in markets outside China continued to grow; meanwhile, through digitalization initiatives, it improved operating and management efficiency, and its product gross margin level and profitability improved YoY. On January 23, Jintian Co., Ltd. said in response to investor questions on an interactive platform that Phase I of its Baotou base had been put into operation, and the annual capacity of rare earth permanent magnets had been increased to 9,000 mt. The company is currently actively advancing Phase II of the Baotou base project, with the aim of further increasing capacity to 13,000 mt. The company has a solid client base and technical reserves in the robotics field, and some rare earth permanent magnets have already been applied in the robotics sector. The company will closely monitor and follow market demand in the robotics field, further improve its product portfolio, and enhance its product competitiveness. A performance preview commentary on Jintian Co., Ltd. for 2025 released by Aijian Securities showed that the share repurchase demonstrated confidence in long-term development, while capital structure optimization was advancing steadily. The company’s high-end copper-based materials were being introduced at an accelerated pace to clients outside China in the computing power cooling sector, with sales rising rapidly and profitability improving significantly. 1) In terms of profitability, processing fees for copper busbar used in computing power are relatively high, and product mix upgrades are expected to continue lifting the company’s gross margin level; 2) In terms of shipment progress, in H1 2025, sales of the company’s copper busbar products in the cooling sector increased 72% YoY, and its high-precision profiled oxygen-free copper busbar has entered GPU cooling solutions of multiple global first-tier cooling module enterprises. The company’s copper heat pipes, liquid-cooling copper pipe & tube, and other products have also achieved bulk supply in computing servers of multiple top-tier enterprises. Copper prices fluctuations had a limited impact on the company’s profitability. 1) The company adopts a “copper prices + processing fee” pricing model, with revenue and profit primarily derived from processing fees rather than copper prices themselves. Processing fees are negotiated between the company and clients based on factors such as product specifications and process complexity, and show a certain degree of historical stickiness; 2) The company effectively hedges copper prices through hedging, while fluctuations in upstream raw material prices are mainly borne by downstream customers, resulting in a relatively small impact on the company’s profit; 3) Rapid copper prices fluctuations may affect downstream ordering willingness in phases and lengthen order cycles, but copper application scenarios are characterized by rigid demand, so the impact on total demand is limited, only changing the pace of copper product orders, and the company’s overall operating stability remains strong. The company is actively expanding into the “aluminum as an substitute for copper” direction, with material substitution optimizing the gross profit structure while enhancing its ability to hedge against copper prices fluctuations. 1) On a per-mt basis, the absolute value of processing fees for aluminum products is usually lower than that of copper-based solutions (at the same performance level, processing fees for high-precision aluminum extrusion are about 10,000 yuan/mt, versus about 20,000 yuan/mt for copper semis); however, since the per-mt price of aluminum semis is significantly lower than that of copper, usually about one-fourth of the latter, the material cost base is lower, increasing the share of processing fees in total product value. The corresponding processing fee rate of aluminum-based solutions is about 13–14 pct higher than that of copper-based solutions, providing positive support to the company’s overall gross margin; 2) In terms of supply progress, the company’s electromagnetic flat aluminum wire and aluminum 3D bent busbars for vehicles have entered the certification and mass supply stage, while inner-grooved aluminum pipe & tube for air conditioners has already begun small-batch supply. Risk Warning: Risks of lower-than-expected downstream demand for new energy or capacity release, rising copper prices, and changes in trade policies outside China.

According to data from China’s General Administration of Customs, China imported 316,000 tonnes of unwrought copper and copper products in February 2026. For the January–February period, cumulative imports of unwrought copper and copper products reached 700,000 tonnes, down 16.1% year-on-year, compared with 834,000 tonnes imported during the same period last year.

As a crucial strategic cluster for China's wire and cable industry, North China has cultivated a 100-billion-level industry chain ecosystem by leveraging its robust industrial foundation and policy dividends. However, compared to mature industrial belts like the Yangtze River Delta and Pearl River Delta, it still faces challenges such as insufficient coordination and room for improving innovation efficiency. Against this backdrop, SMM (Shanghai Metals Market) will host the 2025 SMM (First) North China Wire and Cable IndustryZ3/> in Ningjin, Hebei on August 8, 2025 , under the theme of " Gathering Strength in North China · Chaining the Future ". The event will convene enterprises across the entire industry chain including wire and cable, magnet wire, copper/aluminum conductors, and material equipment to jointly explore new development pathwaysZ10/>The conference focuses on three strategic directions: " Industry Chain Synergy · Mutual Benefits in the North ", " Smart Chain Integration · Green Energy Transformation ", and " Strategic Chain Collaboration · Global Competition-Cooperation " , aiming to promote resource integration, technological upgrading, and ecological co-construction for North China's wire and cable sector. Leveraging over a decade of industry expertise, SMM will establish a high-end communication platform to help enterprises seize market opportunities, enhance industry chain resilience, and inject new momentum into the high-quality development of North China's and even the nation's wire and cable industry. SMM, together with Tianjin Xinhong Recycling Resources Co., Ltd. & Jiangxi Baoqi New Materials Technology Co., Ltd. & Jiangxi Xindehai New Materials Technology Co., Ltd. , sincerely invites industry peers to gather in Ningjin, Hebei, and jointly embark on a new chapter for the industry! Click Registration Form to register immediately. We look forward to meeting you at the conference. Tianjin Xinhong Recycling Resources Co., Ltd. , located in Ziya Circular Economy Industrial Park, Jinghai District, Tianjin, specializes in recycling of renewable resources, non-ferrous metal rolling processing, and metal products manufacturing. The company operates a 50,000-mt/year continuous casting and rolling production line for electrical copper rods. Since its establishment, it has adhered to innovation-driven development, introduced advanced domestic and overseas production equipment and technologies following the principles of innovation, efficiency, quality, and safety. Guided by the philosophy of "Quality First, Service First", the company focuses on product excellence and customer collaboration to jointly create high-quality products. Jiangxi Baoqi New Materials Technology Co., Ltd. , situated at No. 286, Shenzhen Avenue, Jinggangshan Economic and Technological Development Zone, Ji'an City, Jiangxi Province, specializes in secondary copper recycling, non-ferrous metal rolling, and metal products manufacturing. Its main products include 8mm low-oxygen copper rods and 8mm-25mm upward-drawn oxygen-free copper rods. The company has a complete and scientific quality management system certification. Established in April 2022, the company has a registered capital of 50 million yuan and occupies an area of over 40 mu. It currently operates four production lines for oxygen-free rods using up-casting furnaces and one production line for low-oxygen rods using continuous casting and rolling. The annual production capacity includes 32,000 mt of up-cast oxygen-free copper rods and 50,000 mt of 8mm low-oxygen copper rods. Our company boasts advanced production equipment and mature production technology, offering top-notch pre-sales quality and after-sales service. Since its establishment, the company has adhered to innovation-driven development, introducing advanced production equipment and processes from domestic and overseas markets in line with the requirements of innovation, efficiency, quality, and safety. Upholding the principles of quality first and service first, the company focuses on products as its core and customers as its bridge, striving to collaborate with you to create high-quality and high-standard products. Guided by the quality policy of "integrity-based, customer-first, united and pragmatic, quality and innovative," the company's eternal business philosophy is "copper products, golden reputation," with the eternal pursuit of a "win-win" outcome with customers. We sincerely hope to collaborate with you for mutual development and a brighter future. Jiangxi Xindehai New Material Technology Co., Ltd. , located in the Industrial Park, Jintan Town, Jishui County, Ji'an City, Jiangxi Province, was established in July 2024 with a registered capital of 50 million yuan and occupies an area of over 70 mu. The up-cast oxygen-free copper rod production line was commissioned and put into operation in October 2024, with an annual production capacity of 40,000 mt of up-cast oxygen-free copper rods. The company is currently preparing to construct production lines for copper-based projects such as continuous casting and rolling low-oxygen copper rods and anode plates, as well as aluminum-based product production lines for aluminum ingots, aluminum billets, and deoxidized aluminum. These projects are expected to be put into production successively in 2025. Upon full commissioning, the company will achieve an annual production capacity of 150,000 mt of copper-based products and 50,000 mt of aluminum-based products. Guided by the quality policy of "integrity-based, customer-first, united and pragmatic, quality and innovative," the company's eternal business philosophy is "copper products, golden reputation," with the eternal pursuit of a "win-win" outcome with customers. We sincerely hope to collaborate with you for mutual development and a brighter future. ◆ Contact Information ◆ Tianjin Xinhong Renewable Resources Co., Ltd. Sales Department: Liu Runliang, 177 2012 3999 Procurement Department: Cai Rujian, 138 2041 6617 Jiangxi Baoqi New Material Technology Co., Ltd. Cui Deliang, 177 7781 3383 Zeng Xiaoqiang, 137 6712 8719 Jiangxi Xindehai New Material Technology Co., Ltd. Liu Runliang, 177 2012 3999 Click here to participate immediately 2025 SMM (Inaugural) North China Cable Industry Conference SMM Conference Contact Person Li Haiyang 135 2411 0203 lihaiyang@smm.cn

At the 2025 SMM (2nd) Global Renewable Metal Industry Chain Summit - Main Forum hosted by SMM Information & Technology Co., Ltd., Allen Cui, Director of SMM Nonferrous Consulting, shared insights on the topic of "Prospects for the Development of the Global Secondary Metal Industry."

1. Procurement Conditions The purchaser of this procurement project, Copper Bushing Spare Parts Procurement by Angang Green Resources Technology Co., Ltd. (AGLSZYHGXHD250612217058), is Angang Green Resources Technology Co., Ltd. The funds for this procurement project are self-raised. The project has met the procurement conditions and is now open for public inquiry and comparison. 2. Project Overview and Procurement Scope 2.1 Project Name: Copper Bushing Spare Parts Procurement by Angang Green Resources Technology Co., Ltd. 2.2 Alternative Procurement Method in Case of Failed Procurement: Switch to Negotiated Procurement 2.3 For details on the procurement content, scope, and scale of this project, please refer to the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 For this procurement, the bidder must meet the following qualification requirements: (1) Production-oriented business license 3.3 For this procurement, the bidder must meet the following registered capital requirements: Registered capital for production-oriented enterprises: 100,000 yuan or above 3.4 For this procurement, the bidder must meet the following performance requirements: Provide supply performance records for processing copper product spare parts from 2022 to the present (at least one contract and corresponding invoice required); 3.5 For this procurement, the bidder must meet the following capability, financial, and other requirements: Financial requirements: Refer to the attachment for details (if necessary) Capability requirements: Refer to the attachment for details (if necessary) Other requirements: Scanned copy of the Tax Registration Certificate (or duplicate) (except for those with a unified three-in-one certificate); scanned copy of the Organization Code Certificate (or duplicate) (except for those with a unified three-in-one certificate). 3.6 For projects that must be tendered according to the law, bids from dishonest persons subject to enforcement are invalid for this procurement. 4. Acquisition of Procurement Documents 4.1 All interested bidders are requested to log in to the Angang Smart Tendering and Bidding Platform at http://bid.ansteel.cn from 16:59 on June 12, 2025, to 08:00 on June 20, 2025 (Beijing time, the same hereinafter) to download the electronic procurement documents. Click to view tender details: "Announcement on Copper Bushing Spare Parts Procurement by Angang Green Resources Technology Co., Ltd."

SMM May 13 Report: As May blossoms with flowers and summer begins to unfold, Jiangxi Xindehai New Material Technology Co., Ltd. recently held a grand opening ceremony. The event was attended by a distinguished gathering of guests, with hosts and visitors alike enjoying the occasion! SMM Information & Technology Co., Ltd. (SMM) extends its warmest congratulations to Jiangxi Xindehai New Material Technology Co., Ltd. on its grand opening! May your business prosper and thrive! May you achieve even greater success in your future endeavors! And may you contribute to the prosperity of the new materials industry! Jiangxi Xindehai New Material Technology Co., Ltd. Jiangxi Xindehai New Material Technology Co., Ltd. is located in the Industrial Park of Jintan Town, Jishui County, Ji'an City, Jiangxi Province. The company was established in July 2024 with a registered capital of 50 million yuan and occupies an area of over 70 mu. The upward-casting oxygen-free copper rod production line has completed commissioning and commenced production in October 2024, with an annual production capacity of 40,000 mt of upward-casting oxygen-free copper rod. The company is currently planning to construct production lines for copper-based projects such as continuous casting and rolling low-oxygen copper rod and anode plates, as well as aluminum product production lines for aluminum ingots, aluminum billets, and deoxidized aluminum. Production is expected to commence in stages in 2025. Upon full operation, the company will achieve an annual production capacity of 150,000 mt of copper-based products and 50,000 mt of aluminum products. The company adheres to the quality policy of "integrity-based, customer first, unity and hard work, quality and innovation" as its guiding principle. "Copper products, gold-standard reputation" is the company's unwavering business philosophy, and achieving a "win-win" situation with customers is its eternal pursuit. The company sincerely hopes to join hands with you for mutual development and a brighter future.