Del Future: Termination of Investment Intent Agreement

Del Future Announcement: Due to the large workload and longer cycle of the mining company’s production preparations, as well as the involvement of preliminary work such as environmental impact assessment, safety assessment, and energy assessment, the core production costs and mass production are affected by factors such as production processes, energy consumption, and environmental investments, leading to volatility and significant uncertainty. Currently, although two mining rights procedures under the mining company have been completed, the conditions for industrialization implementation are not yet mature. It has been decided to terminate the “Letter of Intent for Investment.”