Yasheng Group: Company Has Not Obtained Relevant Mining Qualifications Nor Engaged in Mining-Related Business

Yasheng Group's stock price experienced a significant surge on March 3-4, 2026, with a cumulative deviation exceeding 20%, driven by market speculation about its potential involvement in mining operations. The company has issued an official clarification announcement stating unequivocally that it has not obtained any mining qualifications and has never conducted mining-related business. In the announcement, the controlling shareholder and actual controller confirmed that there are no major undisclosed matters requiring disclosure. This statement aims to address market rumors, clarify the company's actual business scope, and represents a typical market rumor clarification event that directly impacts investor expectations.