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

Yasheng Group issued an announcement on March 4, 2026, clarifying that the abnormal fluctuations in its stock price are unrelated to mining concepts. The announcement noted that the cumulative deviation of the company's stock price reached 20% over two consecutive trading days on March 3 and 4, but internal investigations revealed no significant undisclosed information. The company specifically emphasized that its subsidiary Gansu Yasheng Yu'erhong Mining has not conducted any mining operations since 2012, and the parent company itself has not obtained relevant mining qualifications nor engaged in mining-related business. This announcement aims to address potential market misunderstandings, clarify the nature of the company's operations, and serves as a corporate-level clarification statement.