Evergreen Intends to Publicly Transfer 50.3% Shares of a Subsidiary

Recently, Wannianqing announced that Wannianqing Copper Company, a joint venture company co-funded by Jiangxi Copper Co., Ltd. and its related party Building Material Design Institute, was unable to solve the problems of tailings quality and market application at present, and its production and operation expectations were poor, in order to optimize the company's asset structure, Wannianqing Copper Co., Ltd. Concentrating superior resources to develop the main business of the company and its subsidiaries, the company intends to publicly transfer 50.3% of its shares in Wantong Company. After

the above equity transfer and transfer is completed, the company will no longer hold the equity of Wantong Company.