The Company’s copper business has a high potential for growth with early signs of momentum for exploding growth. According to China Mineral Resources 2020, the national copper reserve volume was 118.0729 million tonnes. In 2020, the copper resource reserve volume of the Company was approximately 62.06 million tonnes, representing approximately 52.56% of the total volume in China. In accordance with the statistics disclosed by the China Nonferrous Metals Industry Association, the national mine-produced copper production volume was 1.6733 million tonnes, while the Company’s mine-produced copper production volume was 453.4 thousand tonnes, representing approximately 27.10% of the total volume in China.