Zangge Mining Holds Executive Compliance Training to Strengthen Business Ethics and Integrity

       On March 13, Zangge Mining Co., Ltd. organized a specialized training session on compliance responsibilities for senior executives of listed companies. The training was convened by the Board of Directors, with a lecture delivered by Liu Ya, Independent Director of the Company and Joint Chair of the Board’s Supervision and Audit Committee.

       All directors, senior executives and members of the Party committee attended the session in person, while personnel from the disciplinary inspection and supervision system participated online. The training brought together the Company’s governance leadership and internal oversight teams for a shared learning experience, further strengthening awareness of compliant performance of duties and reinforcing the Company’s commitment to sound corporate governance.

       The training addressed the evolving regulatory environment for state-owned enterprises and listed companies, focusing on both the strengthening of “penetrating” supervision in the state-owned sector and the increasingly stringent oversight of the capital market. The session covered key areas including interpretation of regulatory policies for state-owned enterprises, core aspects of compliance management for listed companies, and the development of internal control systems.

       Drawing on the Guidelines on Promoting the Digital and Intelligent Transformation of Financial Management in Central Enterprises and the Guidelines on Strengthening Penetrating Supervision of Central Enterprises (Trial), issued by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, the speaker provided an in-depth explanation of the emerging regulatory framework characterized by full-level, full-scope and lifecycle oversight across key operational elements. The session also outlined recent regulatory trends in the capital market, including end-to-end accountability, more targeted enforcement, and the increasing use of technology-enabled supervision.

       Drawing on typical cases of regulatory violations in the capital market in recent years, the training provided a systematic analysis of key governance issues for listed companies, including financial reporting risks, controls over related-party transactions, improper guarantees, and the prevention of insider trading. The session highlighted the principle that financial reporting risk is a shared responsibility for all senior executives, underscoring the need for management to maintain a strong awareness of company-wide compliance and risk management throughout the entire operational process.

       Throughout the session, business ethics and integrity in professional conduct were highlighted as a central theme. The training provided an in-depth discussion of anti-corruption requirements from an ESG perspective, covering areas such as conflict-of-interest management, the prevention of misappropriation of corporate assets, and controls to prevent insider trading. It also outlined the governance rationale and implementation approaches for establishing an integrated integrity framework that strengthens deterrence, institutional safeguards and ethical awareness.

       Following the training, all participants signed a Commitment to Integrity and Compliance, formally reaffirming their commitment to fulfilling their duties in accordance with compliance requirements. The initiative reflects the determination of the Company’s governance and management teams to lead by example and uphold high standards of integrity.

       Building on this initiative, the Company’s disciplinary inspection and supervision as well as audit functions officially launched the 2026 program on business ethics and integrity awareness. Going forward, the Company will continue to carry out thematic training and awareness activities on key topics such as anti-corruption, conflict-of-interest management and professional ethics, further strengthening its integrity governance framework in line with modern corporate governance practices and supporting the Company’s sustainable and high-quality development.