On June 26, the Corps Capital Investment Promotion and Trade Exchange Roadshow Matchmaking Session of the China-Eurasia Expo was held. A signing ceremony for key projects took place at the event, where Boda Equipment Chairman Zhou Shaowei formally signed a contract with the 13th Division of the Corps on behalf of the enterprise. The signed project will construct a specialized melting and casting production line and supporting facilities, with an annual output of 100,000 mt and an output value exceeding 2 billion yuan, focusing on the R&D and production of special-purpose aluminum billets for military and high-end equipment applications, as well as a series of national standard aluminum-based materials.

On July 3, JL MAG Rare-Earth's share price rose, closing 3.79% higher at 34.25 yuan per share. On the news front, JL MAG's H1 performance forecast released on July 1 showed: net profit attributable to parent for H1 2026 is expected to be 400 million to 460 million yuan, up 31.17% to 50.84% YoY. Regarding the reasons for performance changes, JL MAG stated in an announcement: 1. In H1 2026, the management adhered to the annual operating policy of "adhering to compliance and regulations, being customer-oriented, focusing on the magnetic materials main business, constructing 20,000 mt of new capacity on schedule, actively deploying embodied robot motor rotors, and reaching new heights." Through measures including technological innovation, organizational optimization, digitalization, and lean management, the company ensured full contract fulfillment and delivery to customers while achieving steady business growth. The company continued to strengthen its leading position in new energy and environmental protection sectors and actively explored emerging markets, with revenue expected to increase by about 30% YoY. Specifically, revenue from the NEV and auto parts sector rose about 30% YoY; in the robot and industrial servo motor sector, revenue rose about 90% YoY, with small-batch deliveries of embodied robot motor rotors already underway. 2. During the reporting period, non-recurring gains and losses are expected to impact net profit by approximately 32.00 million yuan, compared to 70.9405 million yuan (after tax) in the same period last year. 3. In this reporting period, due to A-share and H-share equity incentives as well as H-share convertible bond issuance, total related share-based payment expenses and financial expenses amounted to about 121 million yuan. There were no such expenses in the same period last year. A recent JL MAG announcement shows: to implement the company's development strategy and strengthen comprehensive competitiveness, it plans to acquire a 9.24% equity stake in Baotou Rare Earth Products Exchange Co., Ltd. held by China Northern Rare Earth, through public listing and transfer on the Inner Mongolia Property Rights Exchange Center . According to the valuation report issued by Northern Yashi Asset Evaluation Co., Ltd., as of the valuation date December 31, 2025, the total equity value of the exchange under the market approach was 239.00 million yuan, representing an appreciation of 27.8551 million yuan, or 13.19%, over the net asset book value of 211.1449 million yuan. The expected transaction price for the subject equity is 22.0836 million yuan. Under the Shenzhen Stock Exchange ChiNext Listing Rules and the company's articles of association, this external investment falls within the CEO's approval authority. This investment does not constitute a related party transaction, nor does it constitute a material asset restructuring as defined in the *Administrative Measures for the Material Asset Restructuring of Publicly Listed Firms*. Regarding the company's main business and product applications, JL MAG Rare-Earth introduced in its 2025 annual report: The company is a high-tech enterprise integrating R&D, production, and sales of high-performance NdFeB permanent magnet materials, magnetic assemblies, embodied robot motor rotors, and comprehensive utilization of rare earth recycling. It is a leading supplier of rare earth permanent magnet materials in the new energy and environmental protection sectors. The company’s products are widely used in NEVs and auto parts, energy-saving variable-frequency air conditioners, wind power generation, robotics and industrial servo motors, 3C, low-altitude aircraft, energy-saving elevators, rail transit, and other fields, and it has established long-term and stable cooperative relationships with industry leaders both in and outside China in these sectors. The company actively positions itself in the robotics field. On one hand, it collaborates with internationally renowned technology companies to conduct R&D and capacity building for embodied robot motor rotors, with small-batch product deliveries already made. On the other hand, through direct investment or participation in industry funds, it strategically lays out key links in the relevant industry chain to accelerate industrial synergy and commercialization. Regarding the operating plan for 2026, JL MAG Rare-Earth introduced in its 2025 annual report: The company's operating policy for 2026: "Adhere to legal compliance, adhere to client orientation, focus on the magnetic material main business, build 20,000 mt of new capacity on schedule, actively position embodied robot motor rotors, and scale new peaks." Based on this operating policy and under the premise of legal compliance, the company will focus on advancing the following tasks: 1. Orderly release of capacity under construction. In 2026, some of the company's projects under construction will gradually release capacity. The specific release progress will consider factors such as equipment commissioning and market demand, advancing the commissioning and ramp-up of new capacity in an orderly manner. 2. Continuous improvement of R&D capabilities. 3. Continuous optimization of the product mix. The company will continue to enrich its product matrix for different application scenarios based on client needs, enhancing product structure resilience and client stickiness. Meanwhile, it will steadily advance the layout of projects such as magnetic assemblies and embodied robot motor rotors, equip dedicated production lines and professional teams, and drive the upgrade of small-batch pilot lines to large-scale, standardized manufacturing and quality systems. 4. Continuous improvement of operational capabilities. 5. Strengthening capital expenditure efficiency. 6. Improving incentive mechanisms and shareholder returns. 7. Advancing the construction of the ESG system. Regarding potential risks the company may face, when introducing the risk of rare earth raw material price fluctuations, JL MAG Rare-Earth stated: Rare earth metals are the main raw materials for producing NdFeB magnets. China is an important global supply base for rare earth raw materials, and wild swings in rare earth raw material prices will adversely affect the company's production and sales in the short term. Mitigation measures: The company has built production plants in Ganzhou, Jiangxi, the main production area for heavy rare earth, and in Baotou, Inner Mongolia, the main production area for light rare earth. The company has established long-term cooperative relationships with major rare earth raw material suppliers, including China Northern Rare Earth Group and China Rare Earth Group. Meanwhile, through measures such as procuring rare earth raw material in advance based on orders on hand, establishing price adjustment mechanisms with key clients, optimizing formulations, and improving processes, the company strives to reduce the adverse impact of rare earth raw material price fluctuations on its operating performance. A review of Pr-Nd alloy’s price performance in H1 this year shows : The average price of Pr-Nd alloy on June 30 was 905,000 yuan/mt. Compared with its average price of 735,000 yuan/mt on December 31, 2025, the increase in H1 this year was 23.13%. The annual daily average price of Pr-Nd alloy in H1 this year was 904,650.86 yuan/mt. Compared with its annual daily average price of 529,559.83 yuan/mt in H1 2025, the semiannual daily average price rose by 375,091.03 yuan/mt, up 70.83% YoY. According to SMM quotations: On July 3, the Pr-Nd alloy price was 920,000-930,000 yuan/mt, with an average of 925,000 yuan/mt, up 1.09% from the previous trading day. Currently, rare earth market prices overall are showing a broad upward trend. Driven by a marked increase in market trading activity on July 2, low-priced supply of Pr-Nd oxide tightened, and suppliers of oxides raised their quotations one after another. However, overall inquiry activity in the market declined somewhat compared with yesterday, and actual transactions were not ideal. In the metal market, supported by oxide costs, prices also rose. However, downstream magnetic material enterprises made fewer inquiries, and metal enterprises were not very proactive in offering quotations, resulting in a generally sluggish trading atmosphere and relatively strong wait-and-see sentiment. In the short term, affected by the tightening of low-priced supply in the market, Pr-Nd product prices are expected to drift higher amid consolidation. Recommended reading:

[SMM Magnesium Survey: Ex-China Magnesium Resource Development Accelerates, US and European Local Supply Expected to Fill Gap] Australia’s Latrobe fly ash magnesium extraction demonstration plant is 33% complete, with all capacity locked in for the US market, and plans to produce magnesium in H2 2026, filling the gap of no primary magnesium in the US; Canada’s Greenland has received C$7 million in funding to advance brine-based magnesium extraction tests at a molybdenum mine in Greenland, has obtained a magnesium mining permit, and is expanding magnesium resource supply for Europe and the US.

[SMM Rare Earth News Flash] Recently, the key R&D plan project of the autonomous region—"Research on Integrated Information Prospecting Prediction and Exploration Demonstration of Ion-Adsorbed Heavy Rare Earth Ore in Guangxi Based on Artificial Intelligence"—led by the Guangxi No. 274 Geological Team and implemented in conjunction with the Institute of Mineral Resources, Chinese Academy of Geological Sciences, was officially launched in Nanning. As one of the main producing areas of ion-adsorbed rare earth ore in south China, Guangxi has abundant rare earth resources but insufficient exploration accuracy. The project will rely on the geological data and exploration experience of the Guangxi Bureau of Geology and Mineral Resources and, with the help of artificial intelligence technology, construct a multi-source heterogeneous information fusion model, focusing on breaking through the bottleneck of spatial positioning accuracy of heavy rare earth orebodies. After the project launch meeting, the team went to a typical mining area to conduct the first phase of joint field reconnaissance.

On June 30, JL MAG Rare-Earth's stock price rose. As of the close on June 30, JL MAG gained 4.83%, closing at 30.85 yuan per share. On the news front: An announcement released by JL MAG Rare-Earth earlier showed that, in order to implement the company's development strategy and enhance its comprehensive competitiveness, it plans to acquire a 9.24% equity stake in Baotou Rare Earth Products Exchange Co., Ltd. held by China Northern Rare Earth (Group) High-Tech Co., Ltd. through a public listing and transfer on the Inner Mongolia Property Rights Exchange Center. According to the appraisal report issued by North Asia Asset Appraisal Co., Ltd., as of the appraisal base date of December 31, 2025, the total equity value of the Exchange appraised using the market approach was 239 million yuan, representing an increase of 27.8551 million yuan over the net asset book value of 211.1449 million yuan on the base date, reflecting a value-added rate of 13.19%. The expected transaction price for the target equity is 22.0836 million yuan. In accordance with relevant provisions such as the Rules Governing the Listing of Stocks on the ChiNext Board of the Shenzhen Stock Exchange and the Articles of Association, this external investment falls within the approval authority of the company's CEO. This investment does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the Administrative Measures for the Material Asset Restructurings of Listed Companies. Discussing the purpose of the investment and its impact on the company, the JL MAG announcement stated: Rare earths are the core raw material for producing NdFeB permanent magnet materials. The Exchange serves as a specialized trading platform for rare earth (metal) resources. If this equity acquisition is successfully completed, it will further enhance the company's ability to secure rare earth raw material supply, strengthen its overall competitiveness, and consolidate its market position in the rare earth permanent magnet industry. In line with the principles of cooperative, co-construction, and mutual benefit, the company will fully leverage and utilize its own advantages to support the Exchange's efforts to build a national-level rare earth (metal) resource trading platform. Funds for this acquisition of the Exchange's equity will come from the company's own funds and will not have a material adverse impact on the company's financial condition and operating results. It is conducive to achieving the company's strategic objectives and does not compromise the interests of the company and its shareholders. In its announcement, JL MAG Rare-Earth also highlighted existing risks: 1. The company's planned acquisition of a partial stake in the Exchange constitutes a transfer of state-owned assets, requiring strict compliance with statutory procedures such as state-owned asset transaction approvals and public listings. There is uncertainty as to whether this equity transfer will be implemented smoothly. 2. As a domestic spot exchange specializing in various rare earth products, the Exchange provides services to upstream and downstream enterprises in the rare earth industry chain, and its operations will be subject to various factors including macroeconomic conditions, industry cycles, and the market environment. Regarding the main risks of the investment, the company will promptly follow up on and cooperate with the approval process for this state-owned asset transfer, while leveraging its own industrial strengths to strengthen collaborative development with the Rare Earth Exchange and manage post-investment and risk control effectively to mitigate investment risks. The company will fulfill its information disclosure obligations in strict compliance with relevant regulations based on subsequent progress of this equity transfer. Investors are advised to exercise caution regarding investment risks. In terms of performance, JL MAG Rare-Earth’s previously disclosed Q1 2026 report showed that during the quarter, the company achieved total revenue of RMB 2.036 billion, up 16.05% YoY, with a net profit attributable to the parent company of RMB 193 million, up 20.09% YoY. JL MAG Rare-Earth’s Q1 2026 report revealed: In Q1 2026, facing a complex landscape where total NEV sales declined YoY while the price of the key raw material Pr-Nd experienced short-term wild swings, the company’s management upheld the annual operating policy of "adhering to legal and regulatory compliance, maintaining a client-centric approach, focusing on the core magnetic materials business, constructing 20,000 mt of new capacity on schedule, actively deploying embodied robot motor rotors, and scaling new heights." By driving technological innovation, organizational optimization, digital transformation, and lean management initiatives, the company mobilized employee initiative to ensure contract fulfillment and on-time delivery to clients while achieving steady business performance growth. In Q1 2026, the company recorded revenue of RMB 2.036 billion, up 16.05% YoY; net profit attributable to shareholders of the publicly listed firm of RMB 193 million, up 20.09% YoY; and non-recurring gain/loss-adjusted net profit attributable to shareholders of the publicly listed firm of RMB 176 million, up 65.95% YoY. The income statement included equity incentive-related share-based payment expenses of RMB 49.9682 million. Net profit excluding the share-based payment impact was RMB 235 million, up 44.57% YoY, and non-recurring gain/loss-adjusted net profit excluding the share-based payment impact was RMB 219 million, up 106.82% YoY. Robots liberate human productivity and represent a critical direction in the next wave of technological transformation, with broad industry growth prospects. In Q1 2026, the company’s robotics and industrial servo motor segment generated revenue of RMB 118 million, up 81.84% YoY, serving clients that include multiple global industrial robot and servo motor producers. The company is actively collaborating with a world-renowned tech firm on the R&D of embodied robot motor rotors and has delivered small-batch products. Additionally, through direct investments and participation in industry funds, the company is making strategic moves in key nodes of the industry chain to accelerate industrial synergy and commercialization. After the introduction of export control measures on medium-heavy rare earth-related items, the company carried out export declaration work in accordance with relevant national regulations, has successively obtained export licenses issued by the national competent authority, and became one of the first enterprises granted a general license by the state. The company's export business was basically stable. During the reporting period, export sales revenue reached 381 million yuan, accounting for 18.7% of operating revenue, up 22.16% YoY. The company has established long-term strategic partnerships with major rare earth raw material suppliers, including China Northern Rare Earth Group and China Rare Earth Group, and fully leverages the advantage of its controlled subsidiary Yinhai New Materials' upstream rare earth recycling business to build a diversified rare earth resource supply system. In Q1 2026, the company achieved a consolidated gross margin of 21.83%, an increase of 6.13 percentage points YoY; net cash flow from operating activities was 358 million yuan, a significant improvement from -350 million yuan in the same period last year, with overall operating cash flow remaining healthy; as of the end of the reporting period, the company held cash and cash equivalents of 3.298 billion yuan, certificates of deposit maturing within one year of 860 million yuan, and certificates of deposit maturing beyond one year of 571 million yuan, reflecting a strong cash reserve. In addition, JL MAG Rare-Earth's 2025 annual report shows: In 2025, the company achieved total operating revenue of 7.718 billion yuan and core business revenue of 7.028 billion yuan, up 14.11% and 19.00% YoY, respectively, both hitting record highs. Of this, domestic sales revenue was 6.447 billion yuan, up 16.36% YoY; overseas sales revenue was 1.27 billion yuan, up 3.92% YoY, of which export sales to the US were 501 million yuan, up 39.80% YoY. Net profit attributable to shareholders of the publicly listed firm was 706 million yuan, up 142.44% YoY; net profit attributable to shareholders of the publicly listed firm after deducting non-recurring gains and losses was 620 million yuan, up 264.00% YoY. The consolidated gross margin reached 21.18%, up 10.05 percentage points from 11.13% in the previous year. The income statement included share-based payment expenses from equity incentives and financial expenses for convertible bonds recognized using the effective interest method, totaling approximately 107 million yuan, of which only 5.11 million yuan will require actual cash outflow in the future. Overall operating cash flow remained healthy. Regarding the company's main businesses and product applications, JL MAG Rare-Earth's 2025 annual report describes: The company is a high-tech enterprise integrating R&D, production, and sales of high-performance NdFeB permanent magnet materials, magnetic assemblies, motor rotors for embodied robots, and comprehensive rare earth recycling. It is a leading supplier of rare earth permanent magnet materials in the new energy and energy-saving and environmental protection sectors. The company's products are widely used in NEVs and automotive parts, energy-saving inverter air conditioners, wind power generation, robots and industrial servo motors, 3C, low-altitude aircraft, energy-saving elevators, rail transit, and other fields, and it has established long-term, stable cooperative relationships with industry leaders both in and outside China in each field. The company has actively deployed in the robotics field: on the one hand, it cooperates with internationally renowned technology companies to conduct R&D on motor rotors for embodied robots and capacity building, with small-batch product deliveries already achieved; on the other hand, through direct investments or participation in industry funds, it strategically deploys in key links of the relevant industry chain, accelerating industry synergy and commercialization. JL MAG Rare-Earth, in its annual report, discussed its industry situation during the reporting period and touched on rare earth price trends: In 2025, Pr-Nd alloy prices fluctuated upward overall. According to data from the China Rare Earth Industry Association, the average price of Pr-Nd alloy in 2025 was 601,300 yuan/mt, a YoY increase of 23.8%. Rare earth prices are generally determined by the interplay of multiple factors, including supply, demand, policies, inventory, and market expectations. Meanwhile, compared to short-term fluctuations in rare earth prices, the industry places greater emphasis on medium- and long-term changes, as relatively stable rare earth prices are conducive to the industry's high-quality development. Regarding its outlook for future development, JL MAG Rare-Earth stated: (1) Corporate Development Strategy The company will continue to uphold its vision of "becoming a global leader in the rare earth permanent magnet industry" and its development strategy of "providing clients with full-category magnetic material solutions," centered on rare earth permanent magnets, focusing on application scenarios related to new energy and energy conservation and emission reduction, to continuously enhance product performance and cost efficiency. At the same time, the company adheres to group-oriented operations and collaborative industry chain deployment, guided by client needs and the principle of long-termism, steadily advancing capacity construction and technological upgrades. 1. Commitment to Stable Operations: The company steadfastly upholds intrinsic safety bottom lines, strictly implements national regulations in areas such as export permits, production safety, and environmental protection, solidly pursues compliant operations and comprehensive risk control, and always maintains a prudent financial strategy. It remains focused on its core business, making technological innovation and process improvement long-term core investment priorities, continuously strengthening the automation, digitalization, and intelligent construction of production operations, and gradually building sustainable capabilities for product iteration and lean cost optimization. 2. Collaborative Industry Chain Deployment: The company follows an industry chain layout approach of "upstream recycling collaboration, midstream product diversification, and downstream component extension," comprehensively enhancing collaborative operational efficiency in the industry chain and strengthening its resistance to market fluctuations. Upstream, the company will build a recycling system and deepen resource synergy cooperation, promote the diversification of raw material supply sources, and continuously optimize procurement and inventory management efficiency. Midstream, leveraging existing areas of strength, it will closely target the differentiated needs for magnetic materials across various application scenarios, continuously improve its product portfolio and optimize product structure, steadily transforming from a “single-product supplier” to a “comprehensive solution provider.” Downstream, deeply aligning with core client needs, the company will steadily advance R&D and production capacity building for magnetic assemblies, motor rotors, and other products, continuously enhancing assembly precision and full-process quality control, effectively increasing client stickiness and product added value. 3. Synergistic Strategic Investments In terms of strategic investments, the company will carry out prudent equity investments or partnerships around client needs and key links in the industry chain, adhering to the principle of mutual empowerment between investments and the company’s principal operations. Leveraging industrial funds established in collaboration with professional investment institutions, it will focus on strategic tracks such as high-end manufacturing, embodied AI, and new energy, deepen project layout and value cultivation, and promote industry resource synergy and long-term value enhancement. (II) 2026 Annual Operating Plan The company’s operating policy for 2026: “Adhere to legal and compliant operations, uphold client orientation, focus on the magnetic materials main business, build the 20,000 mt new capacity on schedule, actively position in motor rotors for embodied robots, and reach new heights.” In line with this policy and on the premise of legal and compliant operations, the company will prioritize the following work: 1. Orderly Release of Capacity under Construction In 2026, some of the company’s projects under construction will gradually release capacity. The specific release progress will comprehensively consider factors such as equipment commissioning and market demand, advancing the commissioning and ramp-up of new capacity in an orderly manner. 2. Continuous Enhancement of R&D Capabilities. 3. Continuous Optimization of Product Structure The company will continue to enrich its product matrix for different application scenarios based on client needs, enhancing product structure resilience and client stickiness. At the same time, it will steadily advance the layout of projects such as magnetic assemblies and motor rotors for embodied robots, equip dedicated production lines and specialized teams, and upgrade small-batch production lines to large-scale, standardized manufacturing and quality systems. 4. Continuous Improvement of Operational Capabilities. 5. Strengthening Capital Expenditure Efficiency. 6. Improving Incentive Mechanisms and Shareholder Returns. 7. Advancing the ESG System. Regarding risks the company may face, JL MAG Rare-Earth noted when describing the risk of rare earth raw material price fluctuations: Rare earth metals are the main raw materials for producing NdFeB magnets. China is an important global supplier of rare earth raw materials. Wild swings in rare earth raw material prices will, in the short term, adversely affect the company’s production and sales. Countermeasures: The company has built production plants in Ganzhou, Jiangxi, a major heavy rare earth production area, and Baotou, Inner Mongolia, a major light rare earth production area. It has established long-term cooperative relationships with major rare earth raw material suppliers, including China Northern Rare Earth Group and China Rare Earth Group. At the same time, through measures such as purchasing rare earth raw materials in advance based on orders on hand, setting up price adjustment mechanisms with major clients, optimizing formulations, and improving processes, the company strives to mitigate the adverse impact of rare earth raw material price fluctuations on its business performance. Looking back at the price performance of Pr-Nd alloy in 2025, : The average price of Pr-Nd alloy on December 31, 2025, was 735,000 yuan/mt, compared with the average price of 489,000 yuan/mt on December 31, 2024, representing a 2025 increase of 50.31%. The annual daily average price of Pr-Nd alloy in 2025 was 602,181.07 yuan/mt, compared with the annual daily average of 484,704.55 yuan/mt in 2024, increasing by 117,476.52 yuan/mt, a YoY increase of 24.24%. According to SMM's quotation display: on June 30, the Pr-Nd alloy price was 900,000~910,000 yuan/mt, with an average price of 905,000 yuan/mt, down 0.56% from the previous trading day. Focusing on the Pr-Nd market, on June 30, the increase in Pr-Nd oxide futures prices drove a synchronized rise in suppliers’ spot offer prices, making low-priced oxide hard to find in the market. However, metal enterprises showed a cautious purchasing attitude due to unsatisfactory metal inquiries, resulting in generally moderate overall trading activity. In the metal market, inquiry activity picked up somewhat in the afternoon of the 30th, mainly driven by tender purchases from large magnetic material enterprises. However, most magnetic material enterprises remained on the sidelines, and overall transaction performance was poor. In the short term, given the lack of significant improvement in downstream demand, Pr-Nd product prices are expected to move sideways. Recommended reading:

On June 30, Scandinavian Airlines (SAS) announced that it will purchase up to 40 Airbus wide-body aircraft. SAS said the Airbus order has a total list price of more than $10 billion, making it the highest-value aircraft order in the company’s history.

1. Tender Conditions The tender for the Copper-Steel Composite Cooling Stave and other items (AGGFGSHGZHD260629299670) is tendered by Angang Steel Co., Ltd. The tender funds are self-raised, the project has met the tender conditions, and an open tender is now conducted. 2. Project Overview and Tender Scope 2.1 Project Name: Copper-Steel Composite Cooling Stave and Other Items 2.2 Conversion to Other Procurement Methods upon Tender Failure: No conversion 2.3 See the attachment "Material List Attachment.pdf" for details of the tender content, scope, and scale of this project. 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this tender. 3.2 Bidders must meet the following qualification requirements: See attachment (if any) 3.3 Bidders must meet the following registered capital requirements: Registered capital for production-type: 10,000,000 (yuan) and above 3.4 Bidders must meet the following performance requirements: Provide at least one supply performance from 2021 to 2025, requiring supply performance of 2-3 segment copper-steel composite cooling staves. If the contract cannot prove compliance with the above parameter requirements, please upload the corresponding technical agreement. Cooling staves are key components of the blast furnace body. For supply performance and quotation requirements, see the open tender requirements for details. 3.5 Bidders must meet the following capability requirements, financial requirements, and other requirements: Financial requirements: Provide a business license, registered capital greater than or equal to 10 million yuan, Capability requirements: See attachment (if any) Other requirements: See attachment (if any) 3.6 For projects that must be tendered according to law, bids from dishonest persons subject to enforcement are invalid. 4. Obtaining Tender Documents 4.1 All interested bidders, please log in to the Angang Intelligent Tender and Bid Platform http://bid.ansteel.cn to download the electronic tender documents from 16:55 on June 29, 2026 to 13:00 on July 21, 2026 (Beijing time, the same hereinafter). Click to view tender details:

[SMM News] According to reports, on June 26, Lingyi iTech (Guangdong) Company was listed on the Main Board of the Hong Kong Stock Exchange. The company stated that this Hong Kong listing is a key move in its strategic layout for the future. With its "A+H" dual capital platforms as a driving force, it will comprehensively accelerate its deployment across three strategic tracks—edge AI, humanoid robots, and AI servers—to build a globally leading AI hardware smart manufacturing platform. Centered on precision manufacturing and the embodied AI robot industry, Lingyi iTech has already developed processing and assembly capabilities for core components such as lead screws, reducers, joint modules, and thermal and charging solutions. It can provide a complete manufacturing process system covering CNC, die casting, MIM, forging, injection molding, 3D printing, and softgoods.

1. Tender Conditions This tender for the Copper Cooling Stave and other projects (AGGFGSHGZHD260629299669) is invited by Angang Steel Company Limited, with tender funds sourced from self-raised capital. The project has met the conditions for tendering and is now open for public bidding. 2. Project Overview and Tender Scope 2.1 Project Name: Copper Cooling Stave and Other Projects 2.2 If the tender fails, it will not be converted to other procurement methods. 2.3 For the tender content, scope, and scale of this project, please refer to the attached Material List Attachment.pdf. 3. Bidder Qualification Requirements 3.1 Consortium bidding is not permitted for this tender. 3.2 Bidders must meet the following qualification requirements: See the attachment (if necessary) 3.3 Bidders must meet the following registered capital requirements: Production-type registered capital: 10.0 million yuan or above 3.4 Bidders must meet the following performance requirements: Provide at least one supply performance from 2021 to 2025, requiring supply performance for 2–3 sections of copper cooling staves. If the contract cannot prove compliance with the above parameter requirements, please upload the corresponding technical agreement. Provide relevant information (scanned originals) for copper cooling staves with bosses (where the total thickness of the wall body at the boss area is ≥400 mm, and the total length of the copper cooling stave is ≥2800 mm): see tender requirements for details. 3.5 Bidders must meet the following capability, financial, and other requirements: Financial requirements: Provide a business license, with registered capital not less than 10 million yuan. Capability requirements: See the attachment (if necessary) Other requirements: See the attachment (if necessary) 3.6 For projects that must be tendered in accordance with the law, bids from dishonest persons subject to enforcement are invalid. 4. Obtaining Tender Documents 4.1 All bidders who wish to participate may log in to the Ansteel Smart Bidding Platform at http://bid.ansteel.cn to download the electronic tender documents from 16:54 on June 29, 2026 to 13:00 on July 21, 2026 (Beijing time, the same hereinafter). Click to view tender details:

SNEC ES+ The 13th (2027) International Energy Storage and Battery (Shanghai) Conference and Exhibition 2027 June 2-4 China · National Exhibition and Convention Center (Shanghai) No. 333 , Songze Avenue, Qingpu District, Shanghai Integrate the Ecosystem, Empower the Future of the Energy Chain Pre face: Co-organized by 25 international institutions and organizations including the Asian Photovoltaic Industry Association (APVIA), the Chinese Renewable Energy Society (CRES), the Renewable Energy Professional Committee of the China Association of Circular Economy (CREIA), the Shanghai Federation of Economic Organizations (SFEO), the Shanghai Science and Technology Exchange Center (SSTEC), and the Shanghai New Energy Industry Association (SNEIA), the “SNEC ES+ The 13th (2027) International Energy Storage and Battery (Shanghai) Conference and Exhibition” will be grandly held in Shanghai, China, from June 2 to 4, 2027. From 15,000 m² at its first edition in 2007, the “SNEC ES+ The 13th (2027) International Energy Storage and Battery (Shanghai) Conference and Exhibition” grew to 360,000+ m² in 2026, attracting more than 2,800 enterprises from 95 countries and regions worldwide, with international exhibitors accounting for 30%, and has become the most influential international, professional, and large-scale energy storage event in China, Asia, and the world. SNEC ES+ The 13th (2027) International Energy Storage and Battery (Shanghai) Conference and Exhibition is the world’s most professional energy storage exhibition. Its exhibits include: international energy storage technologies and smart grids, energy storage technologies, equipment and materials, ESS power stations and EPC projects, grid connection of new energy power generation and intelligent transmission and distribution, power grid dispatching and automated control, smart metering and power consumption management, smart grid information and communications, international NEVs and charging piles, NEVs, power drive systems, key parts for NEVs, automotive design, charging facilities, etc., covering every link of the energy storage industry chain. The SNEC Energy Storage Forum also features a particularly rich variety of formats, covering analysis of future market trends in the energy storage industry, cooperative development strategies, policy orientations of various countries, cutting-edge industry technologies, energy storage finance, etc., and is the best opportunity to showcase achievements to the industry. We look forward to global stakeholders gathering in Shanghai, China, taking an industry-wide perspective and a problem-oriented approach, to jointly assess the energy storage markets in China, Asia, and the world, and to lead the path of innovative industry development together. May we meet in Shanghai in June 2026! Schedule: Move-in: May 30, 2027 13:30-18:00 May 31, 2027 & June 1 9:00-20:00 Exhibition: June 2-3, 2027 09:00-17:00 June 4 09:00-14:00 Move-out: June 4, 2027 14:00-24:00 Organizing Institutions: Approving Authority Shanghai Municipal Commission of Commerce Lead Organizers Asian Photovoltaic Industry Association (APVIA) Chinese Renewable Energy Society (CRES) Renewable Energy Professional Committee of the China Energy Research Society Shanghai Federation of Industrial Economics (SFIE) Shanghai Science and Technology Exchange Center (SSTEC) Shanghai New Energy Industry Association (SNEIA) Co-organizers Global Green Energy Industry Council (GGEIC) New Energy Industry Association Asia Pacific (NEIAAP) China Electric Power Construction Enterprise Association (CEPCA) Photovoltaic Professional Committee of the Chinese Renewable Energy Society (CPVS) Renewable Energy Professional Committee of the China Association of Circular Economy (CREIA) Supporter Solar Photovoltaic Products Sub-Council of China Chamber of Commerce for Import & Export of Machinery & Electronic Products (CCCME) Exhibition Contractors Shanghai Follow Me Technology Co., Ltd. Shanghai Solar Cloud Exhibition Services Co., Ltd. Follow Me Int'l Exhibition USA Inc. Follow me International Exhibition Co., Ltd. Exhibit Scope (Categories): International Energy Storage Technologies and Smart Grids A. Energy storage technologies, equipment and materials: Compressed air energy storage, pumped storage, superconducting electromagnetic energy storage, flywheel energy storage, thermal/cold energy storage, hydrogen storage and other energy storage technologies, equipment and materials applicable to plug-in EVs; various batteries (nickel–metal hydride battery, lithium-ion battery, lithium polymer battery, lead-acid battery, smart battery, sodium-sulfur battery), energy storage power supply, supercapacitors, renewable fuel cell, flow battery and other technologies, equipment and materials B. ESS power stations and EPC projects: BMS battery management system, PCS energy storage inverter, microgrid, EV battery swapping/charging stations and related supporting facilities C. Grid connection of new energy power generation and intelligent transmission and distribution: Grid-tie inverter, light-duty DC equipment, operation monitoring devices, grid connection control systems, flexible transmission equipment, UHV transmission equipment, high-temperature superconducting equipment, high-temperature superconducting cables, distribution automation systems and protection devices, smart switching equipment, transformers, instrument transformers, smart components, digital substations, integrated substation automation, distribution network automation devices, online monitoring for transmission and distribution, fault diagnosis and self-healing devices, power quality monitoring, harmonic mitigation and reactive power compensation, superconducting electrical engineering technology, various new-type wires and cables, composite materials, safety protection D. Power grid dispatching and automated control: Smart power grid dispatching systems, dispatching integrated data platform systems, power grid security and control, intelligent inspection systems, integrated measurement/control/protection and arc suppression and line selection systems, safety and stability control system solutions, power monitoring systems and microcomputer-based relay protection, wide-area dynamic monitoring systems, online monitoring systems for power grid stability, distribution network intelligent reactive power compensation devices, control software, remote control and telemetry devices, large-screen display systems, power system simulation E. Smart metering and power consumption management: Smart meters and chips, remote/centralized meter reading systems, power consumption information acquisition systems, power consumption management information systems, load management terminals, monitoring systems, inspection devices, metering cabinets and components, measuring instruments, sensors, semiconductors F. Smart grid information and communications: Internet of Things technologies, cloud computing technologies, multi-network convergence technologies, transmission technologies and equipment, access equipment, optical fiber and optical cables, industrial Ethernet, data communications and network technologies and related products, in-plant communications equipment, power line carrier equipment, supporting equipment and meters, digital microwave communications equipment, test equipment and instruments, online network monitoring equipment G. Others International NEVs and Charging Piles A. NEVs (passenger vehicles / commercial vehicles): Electric buses and trucks, electric sedans, electric sightseeing vehicles, electric golf carts, electric cleaning vehicles, hybrid buses and sedans, solar EVs, light-duty EVs, hybrid vehicles (micro hybrid, mild hybrid, medium hybrid, full hybrid, and plug-in hybrid), battery EVs, fuel cell vehicles, hydrogen energy, natural gas and other new energy clean fuels, hybrid vehicles and various low-emission, environmentally friendly, energy-saving vehicles; B. Power drive systems: Power battery, battery management system, fuel cell, hybrid systems, drive motors, electric control systems, engines, detection and repair equipment, related testing, monitoring and protection instruments, related technologies; C. Key parts for NEVs: Power capacitors, supercapacitors, flywheels, inverter, electric heat pumps, electric power steering, electric air conditioning, tires, wire connections, electromagnetic technologies, related materials; coatings, transmissions, filters, carburetors, exhaust systems; axles, steering, braking, suspension systems; accessories for auto body; motors and electrical appliances, electronic components, electrical systems, circuits, wheel hub, tires, etc.; D. Automotive design: Complete vehicle design, system control design, etc. E. Charging facilities: Charging stations, charging piles; planning and achievements display of intelligent network projects for charging stations, expansion of gas stations into charging (battery swapping) stations, display of integrated refueling and charging service stations, technology products for solar- and wind-complementary NEV charging stations, power distribution equipment for charging stations, chargers, power monitoring systems, active filter devices, transformers, power distribution cabinets, cables, direct charging equipment, management auxiliary equipment, charging and swapping batteries and battery management systems, parking lot charging facilities, intelligent monitoring, power supply solutions for charging stations F. Others Exhibition Fees: Standard booth (deluxe standard, 3m x 3m ): China enterprises: RMB 23,800/booth Foreign-funded enterprises: US$4,900/booth Basic configuration: one consultation table, two folding chairs, one wastebasket, one 220V/500W power socket, two spotlights, Chinese and English header board, and carpet in the booth. Indoor bare space (minimum rental: 36 m²): China enterprises: RMB 2,380 /m 2 Foreign-funded enterprises: US$490 /m 2 Exhibitor Notes: 1. After confirming participation, the enterprise shall complete the exhibition application form, affix the official seal, and fax or mail it to the Organizing Committee; 2. Upon receipt of the booth reservation fee, the Organizing Committee will allocate booths to exhibitors in accordance with the principle of “first application, first payment, first arrangement”; 3. Payment details for exhibition fees: (1) The above exhibition fees do not include “construction deposit,” “construction management fee,” “facility rental fee,” and other fees; (2) Exhibitors that sign contract are requested to remit the deposit to the Organizing Committee’s account within ten working days from the date of contract signing, and fax the remittance voucher to the Organizing Committee for verification; (3) The remaining exhibition fees shall be remitted to the account designated by the Organizing Committee by December 31, 2026; 4. The placement order of advertisements in the conference booklet shall be based on the order in which advertising fees are received; the deadline for inclusion is March 31, 2027; 5. The Organizing Committee will send the Exhibitor Manual to participating enterprises in April 2027. For inquiries, please contact: Shanghai Follow Me Technology Co., Ltd. SNEC ES+ The 13th (2027) International Energy Storage and Battery (Shanghai) Conference and Exhibition Contact: Manager Wei Tel: +86-13817218765 (WeChat same number) E-mail: weiwei@snec.org.cn