1. Procurement Conditions The purchaser of this procurement project, Ferronickel (Metallurgical Equipment) (AGZJGSHGXHD250429207721), is the Procurement Center of Ansteel Heavy Machinery Co., Ltd. The funds for this procurement project are self-raised. The project now meets the procurement conditions and is open for public inquiry and comparison. 2. Project Overview and Procurement Scope 2.1 Project Name: Ferronickel (Metallurgical Equipment) 2.2 Alternative Procurement Method in Case of Failed Procurement: Not applicable 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 Bidders for this procurement must meet the following qualification requirements: (1) Production-oriented business license (2) Circulation-oriented business license 3.3 Bidders for this procurement must meet the following registered capital requirements: Registered capital for production-oriented enterprises: 1,000,000 yuan or above Registered capital for circulation-oriented enterprises: 1,000,000 yuan or above 3.4 Bidders for this procurement must meet the following performance requirements: Please refer to the attachment for details (if necessary). 3.5 Bidders for this procurement must meet the following capability, financial, and other requirements: Financial requirements: Please refer to the attachment for details (if necessary). Capability requirements: Please refer to the attachment for details (if necessary). Other requirements: Bidders must provide the Ansteel Group Procurement Integrity and Honesty Commitment Letter. 3.6 For projects that must be tendered according to law, bids from dishonest persons subject to enforcement are invalid. 4. Acquisition of Procurement Documents 4.1 Interested bidders are requested to log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn from 17:00 on April 29, 2025, to 13:00 on May 8, 2025 (Beijing time, the same hereinafter) to download the electronic procurement documents. Click to view tender details: 》Procurement Announcement for Ferronickel (Metallurgical Equipment)

Data from the Online Inquiry Platform for Customs Statistics showed that China's nickel iron imports in April 2025 were 816,932.367 mt, down 16.44% MoM and up 12.83% YoY. Indonesia was the largest supplier, with 794,758.568 mt of nickel iron imported from the country that month, down 16.64% MoM and up 12.95% YoY. Colombia was the second-largest supplier, with 7,408.632 mt of nickel iron imported from the country that month, up 19.77% MoM and up 47.34% YoY. Below is a breakdown of nickel iron imports in April 2025 compiled based on data from the General Administration of Customs of China (GACC) website: Note: The total import/export volume also includes data from origins not listed in the table above.

[SMM Analysis Flash: China's Ferronickel Imports Totaled 995,100 mt in December, Up 12.7% MoM] According to customs data, China's ferronickel imports totaled 995,100 mt in December 2024, up 12.7% MoM and 21.7% YoY. In terms of metal content, ferronickel imports in December amounted to 124,900 mt (Ni contained), up approximately 14.1% MoM and 17.3% YoY...

[SMM Analysis Flash: China's Total Imported Ferronickel Volume in April Was 817,000 mt, Down 19.4% MoM] According to customs data, China's total imported ferronickel volume in April 2025 was 817,000 mt, down 19.4% MoM and up 12.9% YoY...

[SMM Price] March 14 SMM China Imported Ferronickel FeNi Premium Quotations by Grade

【SMM analysis: the price of ferronickel operated under pressure during the week, and the electrolytic nickel discount narrowed by 12.8 yuan/nickel point compared with last week】The average price of SMM8-12% high nickel pig iron during the week was 930 yuan/nickel point (ex-factory tax included), which was 1.7 yuan/nickel point lower than the average price last week, and the price of ferronickel showed a downward trend during the week. On the supply side, although the approval speed of nickel ore quotas has been significantly accelerated recently......

In terms of small orders, ferronickel prices fell with significantly weakening demand from stainless steel mills and a fast price decline of NPI.

This week, the average price of SMM 8-12% NPI was 930 yuan/mtu (including tax), down 1.7 yuan/mtu compared to the previous week, showing a downward trend in ferronickel prices. From the supply side, although the approval speed of nickel ore quotas has recently increased significantly, it still takes time from the mine to the smelter, so it is expected that ferronickel production during March will remain low......

[SMM Analysis Flash: China's Ferronickel Imports Totaled 995,100 mt in December, Up 12.7% MoM] According to customs data, China's ferronickel imports totaled 995,100 mt in December 2024, up 12.7% MoM and 21.7% YoY. In terms of metal content, ferronickel imports in December amounted to 124,900 mt (Ni contained), up approximately 14.1% MoM and 17.3% YoY...

On April 27, the first phase of the CNI nickel-iron RKEF project in Indonesia, undertaken by the International Business Department of Minmetals Twenty-Three Metallurgical Construction, successfully produced nickel-iron, marking the official entry of the project into the trial production phase. Behind this significant milestone was the unwavering perseverance and dedication of the project team, who overcame the "three major challenges" of rotary kiln hoisting, electric furnace construction, and timely iron production over more than 700 days and nights, setting multiple new records for the company in the field of overseas metallurgical construction. Meticulous Successful Completion of Rotary Kiln Hoisting The rotary kiln for the first phase of the CNI nickel-iron RKEF installation project in Indonesia, with a diameter of 5.8 meters and a length of 130 meters, is the core equipment of the RKEF nickel-iron smelting process. Its installation quality directly affects the normal operation of the entire production line. The team innovatively adopted the "segmented pre-assembly + laser positioning" method, controlling the installation accuracy to the millimeter level. The project department organized multiple discussions, refinements, and revisions of the hoisting plan, developing a safe, economical, and efficient hoisting scheme. At the same time, they fully coordinated with the supervision and construction parties, carefully reviewing each construction phase. Before hoisting, comprehensive inspections were conducted on the crane, ground, slings, and equipment body, and all workers were briefed on safety techniques. The project began on-site bearing seat grinding in November 2023; in December 2023, the base and support rollers were hoisted, and the cylinder was assembled on the ground; in January 2024, the first section of the cylinder was officially hoisted, and over 1,000 mt of the kiln body was hoisted within one month, completing the aerial welding of the cylinder in just 10 days, setting a new industry record for efficient construction. Chasing the Wind and the Moon Ensuring Smooth Progress of Electric Furnace Construction The rectangular electric furnace involved in the first phase of the CNI nickel-iron RKEF installation project in Indonesia had only been constructed by China Fifteenth Metallurgical Construction domestically, and the furnace for this project was larger in scale and more complex in process. As a key piece of equipment, the construction of the electric furnace required immense effort from the project team. Due to the remote location of the project, material procurement faced numerous constraints. To address urgent material shortages, the project department implemented a multi-point layout strategy, stationing procurement personnel domestically and in Jakarta and Kendari to ensure timely material supply. During the Chinese New Year, the project team remained on duty, implementing precise strategies and completing the installation of the electric furnace and rotary kiln with high quality. Particularly in key processes such as the refractory brick laying of the electric furnace and the refractory material pouring of the rotary kiln, the work was completed 10 days ahead of schedule, with quality indicators exceeding national standards, laying a solid foundation for the successful start of production of the electric furnace and also filling the company's gap in the field of rectangular electric furnace construction. On March 7, the 72MVA rectangular electric furnace was successfully started. ENFI, the general contractor of the project, sent a letter of commendation to the project team, praising the project management team for its outstanding professional capabilities and the spirit of overcoming difficulties during the project construction. The letter stated that the team "ensured efficient contract performance through scientific management" and "strictly controlled quality throughout the entire process," and specifically mentioned that "despite the compressed project duration, the construction tasks were completed ahead of schedule, fully demonstrating your company's strength in the field of metallurgical construction." Pursuing Excellence Striving to Achieve the Tapping Target The "April 30 tapping" period target set by the owner was unanimously regarded as "nearly impossible to achieve" by the supervisor and the general contractor. The project department implemented a "two-shift" operation mode and established an "hourly" progress control system. All members worked day and night in a fierce race against time. Focusing on the goal of tapping on schedule, the project department collaborated with the general contractor, supervisor, and other relevant units to work backwards from the project deadline, subdivide the construction characteristics of each subproject, and communicate and coordinate in advance the supply of personnel, machinery, and material spare parts. From the successful power transmission to the electric furnace on April 6, to the successful slag tapping on April 18, and then to the successful production of ferronickel on April 27, the project team set a record for the company's large-scale rectangular ferronickel electric furnace, taking only 21 days from the start of power transmission to the production of ferronickel. The tapping period was achieved 3 days ahead of the original plan. Like a boat navigating the vast sea or a horse standing atop Kunlun Mountain, the International Business Department of Minmetals 23rd Construction Group Co., Ltd. will stride forward with the tide of the times, seizing the opportunity to accelerate the construction of a new highland for metallurgical construction under the "Belt and Road" Initiative. Adhering to the development philosophy of cooperation, mutual benefit, and win-win results, the department will introduce more Chinese solutions, technologies, and construction practices to the participating countries.