About XIMEI RESOURCES Company

The Group's history began on May 9, 2006. It is an early Chinese non-state market participant in the People's Republic of China (“China”), tantalum, tantalum, and product market share is in a leading position among domestic peers. The Group is mainly engaged in the manufacture and sale of tantalum-niobium products, including tantalum-niobium wet process products, tantalum-niobium pyrotechnic products, and tantalum-niobium deep-processed products. Wet products mainly include tantalum oxide, niobium oxide, potassium fluorotantalate, and tantalum-niobium salt products; pyrotechnic products are mainly tantalum-niobium powder, molten tantalum-niobium, niobium-iron-niobium-nickel and other binary alloys and various high-purity tantalum-niobium ingots; tantalum-niobium deep products include tantalum-niobium strip, tube wire, and various kinds of processed products. Related products are widely used in high temperature alloys, semiconductors, high-end electronics, aerospace, defense and military, optics, medical and other fields. The Group has passed management system certifications for quality, environment, occupational health, intellectual property, etc., and passed the “Responsible Minerals Initiative” (RMI) annual audit certification in the second half of 2024. It is an international TIC member and vice president unit of the China Nonferrous Metals Association's tantalum-niobium branch, and strictly complies with relevant international and domestic laws and regulations and industry self-regulation rules. Ximei Resources Holdings Limited (the “Company”, together with its subsidiaries collectively referred to as the “Group” or “Ximei Resources” or “we”) was successfully listed on the main board of the Hong Kong Stock Exchange Limited (the “Stock Exchange”) in March 2020. At present, the Group has built a total of six production bases in Guangdong Province, Guizhou Province, and Hunan Province respectively. In 2022, Jiangxi Ganfeng Lithium Group Co., Ltd. (“Ganfeng Lithium”), the leading enterprise in the global lithium battery industry chain, became the Company's strategic shareholder, accounting for 16.7%; in November 2024, the subsidiary Ximei Resources (Guangdong) Co., Ltd. (“Ximei Guangdong”) received 60 million yuan capital injection from the Jinshi Manufacturing Industry Transformation and Upgrading New Materials Fund (limited partnership). This investment will provide strong support for the company in terms of capital, technology and resources. Hydrometallurgy Implementing entities of the Group's hydrometallurgical projects include wholly-owned subsidiaries Ximei Guangdong, Ximei Resources (Leizhou) Co., Ltd. (“Ximei Leizhou”), and the participating joint venture CNNC Huazhong Materials Co., Ltd. (“CNNC Huazhong”). Among them, Ximei Guangdong is the world's leading tantalum and niobium hydrometallurgy enterprise, focusing on R&D and production of potassium fluorophosphate, niobium oxide, high-purity niobium oxide, high-purity tantalum oxide, tantalum-nioborate products, etc. In the past three years, the Group's domestic market share for wet products has reached about 40% (note 1). The Group is a national high-tech enterprise, and has been recognized as an innovative enterprise in Guangdong Province, an outstanding manufacturing enterprise, an outstanding manufacturing enterprise in Guangdong Province, and a national intellectual property research enterprise It's over Provincial and municipal engineering technology research centers, provincial and municipal science and technology commissioner workstations, etc.; the Ximei State Master Plan is actively promoting the annual production of 3,000 tons of high-performance tantalum-niobium oxide. Also, CNNC Huazhong entered the production phase in 2024, with a design capacity of 1,000 tons of oxide per year. Pyrometallurgy The implementing entities of the Group's fire smelting projects include Ximei Guangdong Qinghuayuan production base, Ximei Resources (Guizhou) Technology Co., Ltd. (“Ximei Guiyang”), and Ximei Resources (Guiyang) Co., Ltd. (“Ximei Guiyang”). The main products are tantalum-niobium powder, molten tantalum-niobium, niobium-nickel and other binary alloys and various types of high-purity tantalum-niobium ingots, all of which can be in the top three in the world after production. Ximei Resources adheres to the strategic position of “specialization, integration, scale, high-end, internationalization, and capitalization”. With “developing strategic metals and building green metallurgy” as the development goal, it continues to develop R&D and innovation, expand production capacity, and extend the industrial chain. It has won recognition and praise from customers for its unique technology, excellent quality and excellent service, and finally realized the beautiful vision of “creating a leading global tantalum and niobium manufacturer and operator”.