Update on China Operations

MineBest would like to provide an important update regarding the ongoing process to recover previously frozen mining assets in China.

According to the latest developments shared by Dentons International, the case has now progressed from a formal court ruling into the police enforcement phase. This marks a meaningful step forward in the legal process, as authorities move toward executing the court decision.

However, due to the structure of the system in China, where judicial rulings and enforcement are handled by separate authorities, additional coordination and legal oversight are required. Our legal team continues to work closely with all relevant parties to ensure the ruling is properly enforced and executed. While progress is being made, there are still challenges to navigate at this stage.

At present, it is difficult to provide a precise timeline for completion. That said, there is cautious optimism that this phase of the process may be resolved within the coming quarter.

MineBest remains fully committed to transparency and will continue to provide updates as meaningful progress is achieved. We sincerely appreciate the continued patience and support of our clients during this time.