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

Global Ferronickel Holdings, Inc. (FNI) reported a significant surge in attributable net income to ₱177.3 million in Q1 2025, up from ₱10.6 million the previous year, driven by early ore shipments and higher nickel prices. Revenues more than doubled to ₱1.21 billion, with mining revenues from Palawan up 105.6% and shipment volumes rising 32.5% to 505,459 wet metric tons (WMT). The average realized nickel ore price increased by 50% to $41.13 per WMT due to constrained supply. Costs also rose, with cost of sales increasing 71.9% to ₱532.3 million and operating costs up 55% to ₱433.3 million, mainly due to tax timing differences and VAT provisions. FNI President Dante R. Bravo emphasized the company’s focus on optimization, innovation, and strategic expansion to sustain long-term growth.

[SMM Price] March 7 SMM China Imported Ferronickel FeNi Premium Quotations by Grade

[SMM Price] February 7 SMM China Imported Ferronickel FeNi Premium Quotations by Grade

[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 Price] February 28 SMM China Imported Ferronickel FeNi Premium Quotations by Grade

[SMM Price] January 24 SMM China Imported Ferronickel FeNi Premium Quotation by Grade