Western Mining Group Finance Co.,Ltd.

Western Mining Group Finance Co., Ltd

Western Mining Group Finance Co., Ltd. is jointly invested and established by Western Mining Group Co., Ltd. and Western Mining Co., Ltd. It has been approved by the China Banking Regulatory Commission on April 25, 2011 to prepare for the establishment of enterprise group financial company (No. 122, 2011). Western Mining Group Co., Ltd. will complete the preparatory work within six months from the date of receiving this reply. The financial company still needs to obtain the approval of China Banking Regulatory Commission on the opening of the financial company.

Western Mining Co., Ltd. and Western Mining Group Co., Ltd. have jointly invested in the establishment of a financial company, which has been deliberated and approved by the 32nd board of directors of the third board of directors of the joint stock company. Western Mining Co., Ltd. has invested 300 million yuan, accounting for 60% of the registered capital, and Western Mining Group Co., Ltd. has invested 200 million yuan, accounting for 40% of the registered capital