The mining and processing project of the Upper Zone of the Cukaru Peki Copper and Gold Mine (also known as the Timok Copper and Gold Mine) of Serbia Zijin Mining Doo, a wholly-owned subsidiary of Zijin Mining Group Co. Ltd. (the "Company"), has obtained the permits for the use of all mine facilities issued by the Ministry of Mining and Energy of Serbia on 12 October 2021 (Serbia time). Having completed all the formalities required for the current stage of production, the Cukaru Peki Copper and Gold Mine will commence formal production in compliance with the laws and regulations. The Company acquired the Upper Zone and the Lower Zone of the Cukaru Peki Copper and Gold Mine in 2018 and 2019, respectively, owning 100% interest in the project. The construction of the mining and processing project of the Upper Zone started in early 2019. The construction task took around two and a half years to complete. The project entered into trial production stage in June 2021 and has now passed the acceptance check organised by relevant departments in Serbia, realising a smooth transition from project construction to production and operation. The Cukaru Peki Copper and Gold Mine is a super-large scale copper and gold mine. The reserve volumes of resources at the Upper Zone are 1.28 million tonnes of copper metal and 81 tonnes of gold metal; the volumes of resources at the Lower Zone are 14.30 million tonnes of copper metal and 299 tonnes of gold metal. The mining and processing project of the Upper Zone of the Cukaru Peki Copper and Gold Mine is designed to process 3.30 million tonnes of ore per annum. The first mining section will be the super-high grade ore deposit. It is expected the project will produce 50,000 tonnes and 3 tonnes of copper and gold in concentrate form in 2021, respectively.