On August 1, 2022, Chengtun Mining Group Co., Ltd. closed the transaction. The company has issued 321,520,664 A shares at a price of CNY 6.92 per share for gross proceeds of CNY 2,224,922,994.88. The transaction included participation from JPMorgan Chase Bank, National Association for 9,393,063 shares, Great Wall Guorui Securities Co., Ltd. for 18,208,092 shares, Dacheng Fund Management Company Limited for 17,341,040 shares, Nuode Asset Management Co., Ltd. for 17,572,254 shares, Guangjin Good Newton No.

8 Private Securities Investment Fund a fund managed by Hengqin Guangjin Good Fund Management Co., Ltd for 15,895,953 shares, Caitong Fund Management Co., Ltd. for 23,919,514 shares, GF Securities Co., Ltd., Investment Arm for 43,352,601 shares, China Merchants Securities Co., Ltd. for 18,757,225 shares, Guotai Junan Securities Co., Ltd. for 28,901,734 shares, Danzhujiejiesheng No. 2 Private Securities Investment Fund, a fund managed by Hangzhou Danzhu Asset Management Co., Ltd. for 10,115,606 shares, Galaxy Derivatives Capital Management Co. Ltd. for 43,352,601 shares, Shanghai Guotai Junan Securities Assets Management Limited for 29,479,768 shares, Leishi Xingchen No.

5 Private Securities Investment Fund, a fund managed by Guangdong Leishi Private Equity Fund Management Partnership (Limited Partnership) for 16,329,479 shares and individual investor Shen Zhenyu for 28,901,734 shares. The company has paid the underwriting and sponsorship fees and other issuance fees of CNY 19,909,743.88 in the transaction. All the securities issued in the transaction will subject to a lock-up period of 6 months.