Announcement on the Listing and Trading of Certain Restricted Shares Issued in the First Public Offering by China Trust Metal Co., Ltd.

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Stock code: 601061 Stock abbreviation: CITIC Metal Announcement No.: 2026-016

CITIC Metal Co., Ltd.

Announcement on the Public Trading of Shares Subject to Partial Sales Restrictions Released from Lock-Up

The board of directors of the Company and all directors hereby warrant that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement in accordance with the law.

Key Points:

● The type of stock to be listed this time is shares issued in the initial public offering; the subscription method is off-exchange (offshore) placement. The number of shares to be listed is 4,398,846,153 shares.

The total number of shares to be released and listed this time is 4,398,846,153 shares.

● The date for the release and listing of shares this time is April 10, 2026.

I. Type of shares subject to restrictions to be released for trading this time

Pursuant to the approval of the China Securities Regulatory Commission’s reply titled “Reply on Approving the Registration of the Initial Public Offering of Stocks by CITIC Metal Co., Ltd.” (CSRC Approval [2023] No. 580), CITIC Metal Co., Ltd. (hereinafter referred to as the “Company” or “CITIC Metal”) publicly issued 501,153,847 shares of Renminbi ordinary shares (A shares) to the public for the first time, and listed them on the main board of the Shanghai Stock Exchange on April 10, 2023. After the issuance was completed, the Company’s total share capital was 4,900,000,000 shares. Among them, shares with trading restrictions were 4,413,884,395 shares, and shares without trading restrictions were 486,115,605 shares.

On October 10, 2023, the Company disclosed the “Announcement on the Release for Trading of Shares Subject to Lock-Up from Off-Exchange Placing of the Initial Public Offering of CITIC Metal Co., Ltd.” The 15,038,242 shares subject to lock-up from off-exchange placing of the Company’s initial public offering reached the end of the lock-up period on October 13, 2023 and were released for trading. After the shares subject to lock-up from off-exchange placing were released for trading, the Company’s shares with trading restrictions were 4,398,846,153 shares, the shares without trading restrictions were 501,153,847 shares, and the total share capital was 4,900,000,000 shares.

The shares subject to restrictions to be released for trading this time are the shares subject to restrictions from the Company’s initial public offering, involving 2 shareholders, namely: CITIC Metal Group Co., Ltd. (hereinafter referred to as “CITIC Metal Group”), and CITIC Yuylian (Beijing) Enterprise Management Consulting Co., Ltd. (hereinafter referred to as “CITIC Yuylian”). The number of shares subject to lock-up directly held by the above shareholders is 4,398,846,153 shares, accounting for 89.77% of the Company’s total share capital. The lock-up period is 36 months from the date of the Company’s stock listing. Now the lock-up period is about to expire, and the above shares subject to lock-up will be released for trading starting from April 10, 2026.

II. Changes in the Company’s share capital from the formation of the restricted shares until now

The shares subject to lock-up for release and trading this time are part of the Company’s restricted shares from its initial public offering. From the formation of the restricted shares of the Company’s initial public offering until the date of disclosure of this announcement, there has been no circumstance in which the number of share capital changed due to profit distribution, conversion of capital reserve into share capital, etc.

III. Relevant commitments regarding the release and trading of shares subject to lock-up this time

The shares subject to lock-up to be released and traded this time are part of the Company’s shares subject to lock-up from its initial public offering. According to the “Prospectus for the Initial Public Offering of Shares by CITIC Metal and Listing on the Main Board” and the “Announcement on the Initial Public Offering of Shares by CITIC Metal for Listing on the Main Board,” the relevant shareholders made the following commitments regarding the release and trading of the shares subject to lock-up this time:

(I) Commitments of the controlling shareholder of the issuer, CITIC Metal Group

1. Within 36 months from the date when CITIC Metal first publicly issues A-share stock and lists it on the Shanghai Stock Exchange, CITIC Metal Group shall not transfer or entrust others to manage the shares already issued prior to the public issuance of CITIC Metal’s stock that it holds, nor shall it require CITIC Metal to repurchase such shares (including shares derived from such shares, such as additional shares created in circumstances like the issuance of bonus shares, conversion of capital reserve into share capital, etc.), except as otherwise provided by the CSRC and the securities exchange.

2. If CITIC Metal Group reduces its holdings of CITIC Metal shares within the 2 years after the above lock-up period expires, the reduction price shall not be lower than the issue price of the shares in the initial public offering. If, within 6 months after CITIC Metal’s listing, the closing prices of its shares on consecutive 20 trading days are all lower than the issue price of the shares in the initial public offering, or if the closing price at the end of the 6-month period after listing is lower than the issue price of the shares in the initial public offering, then the lock-up period for CITIC Metal Group’s shares in CITIC Metal shall be automatically extended by 6 months on top of the original 36-month commitment period. During the period from CITIC Metal’s listing until CITIC Metal Group reduces its holdings, if there are ex-rights/ex-dividend matters for CITIC Metal’s stock such as cash dividends, bonus shares, or conversion of capital reserve into share capital, the above closing prices, reduction prices, etc. will be adjusted accordingly.

3. CITIC Metal Group will actively fulfill the above commitments, voluntarily accept supervision by regulatory authorities, the general public, and investors, and assume corresponding responsibilities in accordance with law. If CITIC Metal Group fails to comply with the above commitments, the gains from non-compliant operations shall belong to CITIC Metal, and CITIC Metal Group shall pay the aforementioned gains to the designated account of CITIC Metal within 5 business days. If, due to CITIC Metal Group’s failure to fulfill the above commitments, losses are caused to CITIC Metal or other investors, CITIC Metal Group shall assume compensation liability to CITIC Metal or other investors in accordance with law. If CITIC Metal Group is remiss in assuming the above responsibilities, CITIC Metal shall have the right to directly deduct the corresponding amounts when distributing dividends.

4. If relevant laws and regulations or the CSRC require other provisions for the lock-up period of shares, CITIC Metal Group authorizes the board of directors of CITIC Metal to make corresponding adjustments to the lock-up period of the CITIC Metal shares held by CITIC Metal Group based on relevant laws and regulations and the CSRC’s regulatory requirements.

(II) Commitments of CITIC Yuylian, the party acting in concert with the controlling shareholder of the issuer, CITIC Metal Group

1. Within 36 months from the date when CITIC Metal first publicly issues A-share stock and lists it on the Shanghai Stock Exchange, CITIC Yuylian shall not transfer or entrust others to manage the shares already issued prior to the public issuance of CITIC Metal’s stock that it holds, nor shall it require CITIC Metal to repurchase such shares (including shares derived from such shares, such as additional shares created in circumstances like the issuance of bonus shares, conversion of capital reserve into share capital, etc.), except as otherwise provided by the CSRC and the securities exchange.

2. If CITIC Yuylian reduces its holdings of CITIC Metal shares within the 2 years after the above lock-up period expires, the reduction price shall not be lower than the issue price of the shares in the initial public offering. If, within 6 months after CITIC Metal’s listing, the closing prices of its shares on consecutive 20 trading days are all lower than the issue price of the shares in the initial public offering, or if the closing price at the end of the 6-month period after listing is lower than the issue price of the shares in the initial public offering, then the lock-up period for CITIC Yuylian’s shares in CITIC Metal shall be automatically extended by 6 months on top of the original 36-month commitment period. During the period from CITIC Metal’s listing until CITIC Yuylian reduces its holdings, if there are ex-rights/ex-dividend matters for CITIC Metal’s stock such as cash dividends, bonus shares, or conversion of capital reserve into share capital, the above closing prices, reduction prices, etc. will be adjusted accordingly.

3. CITIC Yuylian will actively fulfill the above commitments, voluntarily accept supervision by regulatory authorities, the general public, and investors, and assume corresponding responsibilities in accordance with law. If CITIC Yuylian fails to comply with the above commitments, the gains from non-compliant operations shall belong to CITIC Metal, and CITIC Yuylian shall pay the aforementioned gains to the designated account of CITIC Metal within 5 business days. If, due to CITIC Yuylian’s failure to fulfill the above commitments, losses are caused to CITIC Metal or other investors, CITIC Yuylian shall assume compensation liability to CITIC Metal or other investors in accordance with law. If CITIC Yuylian is remiss in assuming the above responsibilities, CITIC Metal shall have the right to directly deduct the corresponding amounts when distributing dividends.

4. If relevant laws and regulations or the CSRC require other provisions for the lock-up period of shares, CITIC Yuylian authorizes the board of directors of CITIC Metal to make corresponding adjustments to the lock-up period of the CITIC Metal shares held by CITIC Yuylian based on relevant laws and regulations and the CSRC’s regulatory requirements.

IV. Controlling shareholders and their related parties’ use of funds

The Company has no circumstances of controlling shareholders or their related parties occupying company funds.

V. Review opinions of the intermediary agencies

After verification, the sponsor believes that: The release and trading of the Company’s restricted shares this time complies with the requirements of the “Administrative Measures for Sponsor Business Related to the Issuance and Listing of Securities,” the “Shanghai Stock Exchange Stock Listing Rules,” and the “Self-Regulatory Guidance No. 1 for Shanghai Stock Exchange Listed Companies—Standard Operation,” and other relevant provisions. The number of restricted shares to be released from lock-up, the timing of the release and trading, etc. all comply with relevant laws, administrative regulations, departmental rules, normative documents, relevant rules, and the shareholders’ commitments. The shareholders of the shares to be released from lock-up have strictly fulfilled their share lock-up commitments made during the Company’s initial public offering. As of the date this review opinion is issued, the information disclosure by CITIC Metal regarding the restricted shares to be released from lock-up this time is true, accurate, and complete. The sponsor has no objections to the Company’s release and trading of the restricted shares this time.

VI. Details of the release and trading of restricted shares this time

(I) The number of restricted shares to be released and traded this time is 4,398,846,153 shares

(II) The date for the release and trading of restricted shares this time is April 10, 2026

(III) Detailed table of restricted shares for release and trading

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Note 1: The proportion of restricted shares to the Company’s total share capital is kept to two decimal places by rounding;

Note 2: Where the sum of the totals and the figures in each item do not match due to rounding, it is due to rounding;

Note 3: The above data are subject to the final handling results by China Securities Depository and Clearing Co., Ltd.

(IV) Table of release and trading status of restricted shares:

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VII. Table of changes in share capital structure

Before and after the release and trading of the restricted shares this time, the Company’s share capital structure changes are as shown in the table below:

Unit: shares

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This announcement is hereby issued.

Board of Directors of CITIC Metal Co., Ltd.

April 4, 2026

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