December 19, 2025 — NFC (China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd.) signed an equity acquisition agreement for the Raura Project in Peru with Breca Group via video conference, marking a significant milestone in the company’s strategic expansion in South America.

The signing ceremony was witnessed by Mr. Liu Yu, Vice President of China Nonferrous Metal Mining Group and Chairman of NFC, and Mr. Tan Yaoyu, President of NFC, along with other senior executives. The agreement was formally signed by Mr. Zhu Donglai, Chairman of NFC Singapore, a wholly owned subsidiary of NFC, and representatives of Breca Group, including Mr. Juan Luis and Mr. Diego, Vice President of Investment and Business Development.

The successful signing of the Raura Project represents a key step in NFC’s strategy to deepen its presence in the nonferrous metal market in Peru, establish a solid resource base in South America, and secure stable raw material supply. The project is expected to play an important role in supporting the sustainable development of the lead and zinc industry chain and enhancing the company’s long-term growth prospects.

Leveraging the Raura Project as a strategic anchor, NFC will continue to strengthen its South American resource footprint and accelerate high-quality development.

The signing ceremony was also attended by Mr. Liu Jianhui, Vice President of NFC; Mr. Zhu Guosheng, Chief Financial Officer; Mr. Zhu Guoxiang, General Counsel; and heads of relevant departments.