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Brief introduction of Guangxi Huaxi Group Co., Ltd.

Guangxi Huaxi Group Co., Ltd. (hereinafter referred to as Huaxi Group) is a large-scale joint venture integrating mining, dressing, metallurgy and deep processing. With the consent of the people's government of Guangxi Zhuang Autonomous Region, it was restructured and established by Liuzhou Huaxi Group Co., Ltd. in February 2008. At present, the main shareholders are Guangxi Nonferrous Metals Group Co., Ltd., China Huarong Asset Management Co., Ltd. and Guangxi Kaiyuan Investment Co., Ltd., headquartered in Liuzhou, a commercial port in central Guangxi, and now directly supervised by the State-owned Assets Supervision and Administration Commission of the People's Government of Guangxi Zhuang Autonomous Region.