冬至阳生，岁律回春。在这辞旧迎新的美好时刻，我谨代表贝博艾弗森体育平台，向辛勤奋战在海内外各地的兴业同仁、广大合作伙伴致以诚挚的问候！向长期关心、支持和帮助贝博艾弗森体育平台的各级政府、员工家属、广大投资者、社区群众与社会各界朋友表示最衷心的感谢！

As energy rises after the Winter Solstice, we are about to bid farewell to the old year and usher in the new. On behalf of Inner Mongolia Xingye Silver&Tin Mining Co.Ltd,I extend my sincere greetings to all the Xingye colleagues and partners both hard-working at home and abroad, and my hearty appreciation to all levels of government,staffs families, investors, community member and friends from whole society who have been caring for, supporting and helping Xingye over the years.

2024年是贝博艾弗森体育平台高质量发展的深化之年，是公司“二三”规划（2024-2026年）的开局之年。在中国经济恢复发展的关键之年，我们锚定方向、坚定信心、勇毅开拓、破浪前行，在时间交织的奋斗交响中，用“守正务实”的铮铮步伐，以“信任协同”的铿锵节律，将宏伟事业演奏得豪迈壮阔。

2024 is the year for Xingye to deepen high-quality development, also the starting year of company’s ‘2-3’ planning(2024-2026).In the crucial year of China’s economy recovery and development, we have continued to forge ahead with resolve and tenacity towards the firm goal. Along with the symphony of time, we have made our field splendid with solid step of ‘integrity and practicality’ and sonorous rhythm of ‘trust and collaboration’.

过去的一年，我们步入“二三”规划发展阶段，“一三”规划的圆满收官充分验证了贝博艾弗森体育平台三年规划特色管理策略的正确性、前瞻性、科学性、系统性，2024年，贝博艾弗森体育平台成功编制并发布“二三”规划，历经一年，公司各管理领域创造了多项突破，“二三”规划取得阶段性丰硕成果。

Within last year, we have stepped into the developing period of ‘2-3’planning. The successful completion of‘1-3’planning has fully validated Xingye three-year characteristic management strategy’s correctness, perspectiveness, scientificity and systematicness. Therefore, in 2024, ‘2-3’ planning was successfully established and released. After a year, Xingye has achieved numerous breakthroughs in various management fields and‘2-3’planning has achieved fruitful result.

过去的一年，我们效益将再创历史新高，前三季度，实现归属于上市公司股东的净利润近13亿元，较上一年同比增长139.40%，贝博艾弗森体育平台整体发展态势稳健,发展后劲十足,发展前景良好。

Within last year, our benefit has reached historical high. In the first three quarters, achieved net profit attribute to shareholders of listed company is almost 1.3 billion which has increased 139.40% than last year. Xingye’s whole development trend is steady,momentum is strong and prospect is bright.

过去的一年，我们持续强化资源储备能力，公司共完成多项探矿权收购，部分所属企业实现深部探转采。尤其是成功收购宇邦矿业后，贝博艾弗森体育平台白银保有储量将增至24,536.7吨；根据美国地质勘探局发布截止2023年5月的数据，贝博艾弗森体育平台保有白银储量占国内总储量的34.56%，占全球储量的4.46%；根据世界白银协会统计截至2023年底的数据，宇邦矿业双尖子山矿区银铅锌矿排名位列亚洲第一位，全球第五位。银矿公司贝博艾弗森体育平台排名位列亚洲第一位，全球第八位。银资源储量更为丰富，资源禀赋优势持续凸显。

Within last year, we kept enhancing resource reserve capacity, completed multiple prospecting rights acquisition, and some subsidiaries have realized the conversion from deep exploration into mining. Especially after successful acquisition of Yubang mining, the silver reserved by Xingye will increase to 24536.7t. According to the data released by USGS up to May,2023, the silver reserved by Xingye is 34.56% of China and 4.46% of the world. According to the data from the Silver Institute until the end of 2023, silver,lead and zinc mine of Yubang mining’s Shuangjianzishan ore district ranks the first in Asia and the fifth in the world. Of all the silver mining companies, Xingye is ranking the first in Asia and eighth in the world. We are more abundant in silver resource reserve and the advantages of resource endowment continue to be prominent.

过去的一年，我们依照公司战略发展规划，积极拓展海外市场，与澳大利亚上市公司 Far East Gold Limited 签订《股权认购协议》，该项目获得了ODI审批以及澳大利亚外商投资审查委员会（FIRB）审批，目前已完成前两批FEG 增发股份的认购。同时，贝博艾弗森体育平台组建团队，深入东南亚、非洲、俄罗斯远东等地区进行战略考察，国际化进程加速，公司综合竞争力、品牌知名度和影响力不断提升。

      Within last year, in accordance with Xingye’s strategy development plan, we actively explored overseas market, signed the equity subscription agreement with Australian listed company-Far East Gold Limited,the project has been approved by ODI and Foreign Investment Review Board (FIRB), currently the subscription of the first two tranches of FEG shares has been completed. Meanwhile, Xingye organized team to conduct in-depth strategic investigations in southeast Asia, Africa, Russian Far East and other regions, accelerating the process of internationalization, and improving the company’s comprehensive competitiveness, brand awareness and influence.

过去的一年，我们科技创新成绩显著，所属企业融冠矿业“生态型尾矿库关键技术研究与应用”获得中国黄金协会科学技术奖，银漫矿业“复杂银锡多金属矿高效综合利用关键技术及应用成果”经中国有色金属工业协会评定达到国际领先水平，科技创新为公司高质量发展注入强劲动力。

Within last year, we had remarkable achievements in science and technology innovation. Subsidiary Rongguan mining’s ‘Research and Application of Key Technology of Ecological Tailing Storage’ won the science and technology award of China Gold Association. Yinman mining’s ‘Key Technology and Application Achievements of Efficient Comprehensive Utilization of Complex Silver and Tin Poly-metallic Ore’  was assessed by China Nonferrous Metals Industry Association to be at the international leading level. Science and technology innovation has injected strong impetus for company’s high-quality development.

过去的一年，我们拓展信息化建设维度，实现了设备全生命周期信息化系统搭建，财务共享中心及财务RPA机器人正式运行，数字化矿山建设系统即将投入使用，自主研发完成的“任务管理系统V1.0”获得国家版权局认证，信息化全面赋能企业高质量发展。

Within last year, we expanded IT application, built whole life cycle information system for the equipment, financial sharing center and financial RPA robot officially launched, digital mine construction system will be put into use soon, the independently developed ‘Task Management system V1.0’ was certified by the National Copyright Administration,informatization comprehensively empowers the enterprise’s high-quality development.

过去的一年，安全对标管理深化实践，矿山从业人员安全意识和安全技能不断提升。矿山“四化”建设成果显著，多类别矿用机械投入到生产活动中，大大降低作业安全风险，利用信息技术、网络技术逐步建立智能化、可视化的风险防控机制，探索超视距作业研究，本质化安全水平不断提高。

Within last year, we deepened the practice of safety benchmark management,constantly improved the safety awareness and safety skills of mining employees. Remarkable achievements has been made in the construction of mine safety system, various mining machinery have been put into production activities, greatly lowered the operational safety risks. We also used information technology, network technology to gradually built intelligent and visualized risk prevention mechanism, explored research on over-the-horizon operation, the level of intrinsic safety is constantly improving.

过去的一年，我们积极承担社会责任，大力支持民族地区及边疆地区教育、医疗、扶贫、救灾等多项公益事业，投身地方经济发展，共筑中华民族共同体，先后荣获“中国红十字奉献奖章”等荣誉。同时，公司注重可持续发展领域的积极探索与实践，获得华夏时报金蝉奖“年度ESG优秀企业奖”。兴业用行动传递温度，彰显价值。

Within last year, we actively took social responsibility, strongly supported a number of public welfare undertakings such as education, medical care, poverty alleviation, disaster relief,etc.in ethnic and border areas, committed to local economy development, jointly built community for the Chinese nation, was awarded the ‘Chinese Red Cross Medal of Devotion’ and other honors. Meanwhile， Xingye focus on active exploration and practice in sustainable development field and was awarded the ‘Annual ESG Outstanding Enterprise’ by Jinchan award of the Chinatimes. Xingye is conveying temperature with actions and demonstrating value.

这是贝博艾弗森体育平台在当下所表现出的奋发姿态。自强不息，躬耕不辍，这源于我们深厚的企业精神。时代之责，勇毅担当。2025年，我们将持续推动“立足内蒙，专注资源主业；面向全球，布局产业延伸”的战略目标，加速国际化步伐；以安全为基础，注重创新与发展的有机融合；与时俱进，与时为伍，以兴业近35年的智慧与经验，在科技创新、资源储备、人才建设、企业管理等领域，开拓出一条全新的奋进之路，开辟前所未有的发展面貌，以更加澎湃的激情和更加开放的胸怀，实现贝博艾弗森体育平台更高质量、更高水平的全新目标，助力矿业经济发展！

This is the determination to forge ahead that Xingye has shown in current situation. Striving continuously to strengthen ourselves，working persistently to get achievements, this originates from our profound corporate spirit.The responsibility of our times, Xingye will undertake with courage and perseverance. In 2025, we will further promote the strategic goal of ‘based on Inner Mongolia, focus on the main business of resources;face the world, lay out the industrial expansion’, and accelerate the pace of internationalization. Based on safety, focusing on organic integration of innovation and development. Keep pace with the times, move with the times, take use of Xingye’s almost 35-year wisdom and experience, open up a new path of endeavor on science and technology innovation，resource reserve, team-building, enterprise management and other fields, open up an unprecedented development landscape, with more passion and more open-mindedness, Xingye  will realize the brand-new goal with higher quality and higher level, and help the development of mining economy!

朋友们、同仁们，大道如砥，行者无疆，贝博艾弗森体育平台脚踏实地，志在高远，面对全新的一年，让我们致敬每一位奔跑者、每一位奋斗者，让我们怀着对明天的美好向往，共同奔赴时代长河，共同迎接充满希望的明天。朋友们，让我们齐心祝愿祖国繁荣昌盛、国泰民安！祝愿事业行稳致远、兴旺发达！祝愿全体兴业员工新年快乐、万事顺意！

Friends and colleagues, as long as we are forging ahead, there isn’t any barrier blocking on the road. Xingye come down to the earth with lofty aspirations. In the face of new year, let’s pay tribute to every runner, every fighter, and let’s run to the river of times together with the beautiful desire for tomorrow, and meet the promising tomorrow together! Friends, let us all wish our great country prosperity and our people live in harmony! Wish our career steady, long-run and flourish! Wish all the Xingye staffs a happy new year, everything goes as you expected!

贝博艾弗森体育平台董事长：吉兴业

Chairman of Xingye Silver&Tin Mining Co.Ltd：Ji Xingye

2024年12月31日

2024，Dec.31