1. Procurement Conditions The purchaser of this procurement project for cold-rolled steel strip for cored wire (AGZYFZHGXHD260325276365) was Ansteel Group Zhongyuan Industrial Development Co., Ltd. The funds for the procurement project came from self-raised sources. The project had met the procurement conditions, and an open inquiry and comparison was now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Cold-Rolled Steel Strip for Cored Wire 2.2 Alternative Procurement Method in Case of Procurement Failure: Negotiated Procurement 2.3 For the content, scope, and scale of this project procurement, please refer to the attachment "Material List Attachment.pdf" for details. 3. Bidder Qualification Requirements 3.1 Consortium bidding was not permitted in this procurement. 3.2 This procurement required bidders to meet the following qualification requirements: See the attachment for details (if necessary) 3.3 This procurement required bidders to meet the following registered capital requirement: Registered capital: RMB 200,000 and above 3.4 This procurement required bidders to meet the following performance requirements: At least one steel strip sales contract within the past three years and the corresponding VAT invoice had to be provided. 3.5 This procurement required bidders to meet the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment for details (if necessary) Capability requirements: See the attachment for details (if necessary) Other requirements: See the attachment for details (if necessary) 3.6 For projects that must be tendered in accordance with the law, bids submitted by dishonest persons subject to enforcement were invalid. 4. Acquisition of Procurement Documents 4.1 Any interested bidder should log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 17:00 on March 26, 2026 to 13:00 on April 3, 2026 (Beijing time, the same hereinafter). Click to View Tender Details:

Hongyuan Green Energy has signed a restructuring investment agreement to acquire control of Wuxi Suntech Solar Power. Utilizing a 'new entity plus asset transfer' structure, Hongyuan will invest CNY 630 million for a 63% stake in the newly formed 'New Suntech', effectively isolating the original entity's massive historical debts. The acquisition grants Hongyuan access to Suntech's established global brand, international sales channels, and 7.5 GW of combined cell and module manufacturing capacity, which it plans to upgrade to n-type 'TOPCon' technology.

Silver has seen one of the sharpest pullbacks in recent years within just a few weeks. From the high of US$97.30 on March 2, the price fell to US$61.21 by March 23, losing around 37%. For the market, this was an abrupt break from the previous momentum.

Wanshun New Materials recently announced that its wholly owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., had completed the acquisition of 100% of the equity interest in Eurofoil Luxembourg S.A. held by Aluminium Investment Company Limited. The transaction amount was EUR 12,388,900, marking Wanshun New Materials' further expansion in the international market. According to the latest audit and valuation results, the market value of Eurofoil Luxembourg's net assets was EUR 32,170,300, representing an appreciation of EUR 11,150,100 over its book net assets, with an appreciation rate of 53.04%. This valuation result provided strong support for the smooth progress of the transaction.

[SMM Newsflash] On March 12, Zhejiang Fenglong Electric Co., Ltd. announced that the share transfer registration procedures for shares transferred by agreement by the company’s controlling shareholder had been completed. A total of 65.53 million shares were transferred, accounting for 29.99 of the company’s total share capital. Upon completion of this transfer, the company’s controlling shareholder was officially changed from Zhejiang Chengfeng Investment Co., Ltd. to Shenzhen UBTECH Robotics Corp., and the actual controller was changed to UBTECH founder, Chairman, and CEO Zhou Jian. This marked the completion of the core step in this closely watched control change transaction.

UK rare earth exploration company Harena Rare Earths signed an exclusivity agreement to evaluate the acquisition of Paradigm Critical Minerals’ heavy rare earth and uranium assets in California. The asset is located in San Bernardino County, about 100 miles from Mountain Pass mine, MP Materials’ rare earth mine, the only producing rare earth mine in North America. Historical drilling showed significant potential for the project, with surface exploration identifying a light-to-heavy rare earth ratio of about 50:50 and grab samples with TREO grades of up to around 2%. Uranium grades reached 10 times those of currently operating projects worldwide. Harena will conduct due diligence to advance the transaction, and the project will complement its ionic clay rare earth project in Madagascar.

Champion Iron Limited announced on March 12, 2026, that it has secured 90.07% shareholder acceptance for the acquisition of Rana Gruber ASA in Norway. This adds a high-grade iron ore producer to Champion's portfolio, alongside its 15 MTPA Bloom Lake complex in Quebec, which is currently being upgraded to produce 69% Fe DRI-quality pellet feed

On March 16, Wanshun New Materials issued an announcement stating that its wholly-owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., plans to acquire 100% equity of Eurofoil Luxembourg S.A. from Aluminium Investment Company Limited for €12,388,900 in cash. Upon completion of the transaction, the company will hold 100% equity of Eurofoil Luxembourg, which will be included in the company's consolidated financial statements. According to the valuation, the market value of Eurofoil Luxembourg's net assets is €32,170,300, representing an increase of €11,150,100 over the book net assets, a 53.04% increase.

1. Tender Conditions The tenderer for the tender project Safety and Energy-Saving Copper Conductor Rail and Other Items (AGGFGSHGZHD260309272569) was the Materials Procurement Department of the Equipment and Materials Procurement Center of Angang Steel Company Limited. The funds for the tender project were self-raised, and the project had met the tender conditions. It was now open for public tendering. 2. Project Overview and Tender Scope 2.1 Project Name: Safety and Energy-Saving Copper Conductor Rail and Other Items 2.2 Alternative Procurement Methods in Case of Tender Failure: Direct procurement, negotiation-based procurement 2.3 For the content, scope, and scale of this project tender, please refer to the attachment, Material List Attachment.pdf. 3. Bidder Qualification Requirements 3.1 Consortium bidding was not permitted for this tender. 3.2 The bidder was required to possess the following qualifications for this tender: See attachment (if required) 3.3 The bidder was required to meet the following registered capital requirements for this tender: Registered capital for manufacturers: 10.0 million yuan and above 3.4 The bidder was required to have the following performance qualifications for this tender: See attachment 3.5 The bidder was required to have the following capability requirements, financial requirements, and other requirements for this tender: Financial requirements: See attachment Capability requirements: See attachment Other requirements: See attachment 3.6 For projects that were legally required to undergo tendering, bids submitted by dishonest persons subject to enforcement were invalid. 4. Acquisition of Tender Documents 4.1 Any interested bidder should log in to the Angang Smart Tendering and Bidding Platform at http://bid.ansteel.cn to download the electronic tender documents from 10:00 on March 16, 2026 to 08:00 on April 9, 2026 (Beijing time, the same hereinafter). Click to view tender details:

Indian recycling company Gravita India has agreed to acquire Rashtriya Metal Industries to expand its copper and copper-alloy recycling operations. The deal, valued at around ₹559 crore, will allow the company to move further into copper alloy production using scrap materials. Analysts say the acquisition reflects the rapid expansion of India’s secondary copper industry.