Hunan Silver Co., Ltd. Sixth Board of Directors Twenty-first Meeting Resolution Announcement

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Stock Code: 002716 Stock Abbreviation: Hunan Silver Announcement No.: 2026-024

Hunan Silver Co., Ltd.

Announcement of Resolutions of the 21st Meeting of the Sixth Board of Directors

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.

1. Meeting Details

Hunan Silver Co., Ltd. (hereinafter referred to as “the Company”) issued the notice for the 21st meeting of the sixth board of directors on March 13, 2026, via telephone and dedicated delivery. The meeting was held at 9:30 a.m. on March 19 in Conference Room 316, Hunan Silver, No. 1 Fucheng Avenue, Bailutang Town, Suxian District, Chenzhou City, via teleconference. Eight directors were expected to attend, and all eight attended.

The meeting was chaired by Chairman Li Guangmei, with senior management present. The meeting complied with the Company Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, and other relevant laws, regulations, rules, and the Articles of Association.

2. Review of the Meeting

(1) Proposal on Providing Guarantees for a Wholly-Owned Subsidiary

Content: Details are published in the company’s announcements on March 20, 2026, in China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, and on the CNINFO website (www.cninfo.com.cn).

Voting Result: 8 votes in favor, 0 against, 0 abstentions. The meeting approved this proposal.

This announcement is hereby made.

Hunan Silver Co., Ltd. Board of Directors

March 20, 2026

Stock Code: 002716 Stock Abbreviation: Hunan Silver Announcement No.: 2026-025

Hunan Silver Co., Ltd.

Announcement on Providing Guarantee for Wholly-Owned Subsidiary Jinhe Mining

The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or major omissions.

1. Guarantee Overview

Hunan Silver Co., Ltd. (hereinafter “the Company” or “Hunan Silver”)’s wholly-owned subsidiary, Tibet Jinhe Mining Co., Ltd. (hereinafter “Jinhe Mining”), intends to apply for a credit line of up to RMB 40 million from Industrial Bank Co., Ltd., Changsha Branch (hereinafter “Industrial Bank”) for a term of 1 year. To support Jinhe Mining’s business development, the company agrees to provide joint liability guarantee for this financing.

The company’s 21st meeting of the sixth board of directors, held on March 19, 2026, approved the proposal on providing guarantees for the wholly-owned subsidiary.

The guarantee amount for Jinhe Mining is RMB 40 million, accounting for 1.22% of the company’s audited net assets in 2024. According to the Shenzhen Stock Exchange’s Stock Listing Rules and the company’s Articles of Association, this external guarantee does not require shareholder approval. The relevant agreement has not yet been signed; the company will sign the agreement after completing the decision-making procedures.

2. Basic Information of the Guarantor

1. Basic Information

Name: Tibet Jinhe Mining Co., Ltd.

Establishment Date: September 8, 2009

Registered Address: Chaqia Village, Gongka Town, Mozhugongka County, Lhasa City

Legal Representative: Liu Yong

Registered Capital: RMB 50 million

Business Scope: Mining of lead and zinc in the eastern section of Bangpu Mine, Mozhugongka County, Lhasa; processing and sales of mineral products; engineering machinery, agricultural and sideline products, chemical products (excluding hazardous chemicals), traditional Chinese medicine (excluding precious medicines). [Projects requiring approval shall be operated after approval by relevant authorities].

2. Equity Structure: 100% owned by Hunan Silver

3. Basic Financials:

The main financial indicators for the most recent year and period are as follows:

As of December 31, 2024, Jinhe Mining’s total assets were RMB 239.1327 million, total liabilities RMB 94.7043 million, asset-liability ratio 39.60%, net assets RMB 144.4284 million, operating income RMB 1.7628 million, net loss RMB 47.4841 million (audited).

As of September 30, 2025, total assets RMB 248.3896 million, total liabilities RMB 118.4587 million, asset-liability ratio 47.69%, net assets RMB 129.9308 million, net loss RMB 13.6614 million (unaudited).

4. Credit Status of the Guarantor: Jinhe Mining is not a dishonest person subject to enforcement.

3. Main Content of the Guarantee

The specific guarantee details are as follows:

(1) Guarantor: Hunan Silver Co., Ltd.

(2) Guarantor: Tibet Jinhe Mining Co., Ltd.

(3) Creditor: Industrial Bank Co., Ltd., Changsha Branch

(4) Guarantee Amount: Up to RMB 40 million

(5) Guarantee Period: One year from the expiry of the debt performance period under each use of the credit line in the main contract.

(6) Guarantee Mode: Joint liability guarantee

The guarantee agreement has not yet been signed; the company and its subsidiary will sign the agreement after approval.

4. Board Opinions

The board believes that the risk of Hunan Silver providing external guarantees is controllable, which can ensure the normal operation of Jinhe Mining, and is conducive to Jinhe Mining’s long-term development. The board agrees to provide the guarantee and authorizes Hunan Silver and Jinhe Mining to negotiate with banks or other institutions to determine specific guarantee matters.

5. Total External Guarantees and Overdue Guarantees

After this guarantee, the company and its subsidiaries’ total external guarantee balance is RMB 668 million, accounting for 20.30% of the latest audited net assets.

The company and its subsidiaries have no overdue guarantees, no guarantees involved in litigation, and no losses due to guarantees being judged as invalid.

6. Supporting Documents

1. Resolution of the 21st meeting of the sixth board of directors.

This announcement is hereby made.

Hunan Silver Co., Ltd. Board of Directors

March 20, 2026

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