Industrial Bank Silver (000426.SZ): Custodian company Budun Silver Mining Budun Ula Mine Silver Mine 2.97 million tons/year underground mining and beneficiation project received approval and approval

Industrial Bank Silver Tin (000426.SZ) announced that its entrusted company, Xiu Zhu Mu Qin Qi Bu Dun Silver Mine Co., Ltd. (referred to as “Bu Dun Silver Mine”), recently received approval from the Inner Mongolia Development and Reform Commission (referred to as “Inner Mongolia NDRC”) for the “Approval of the Silver Mine Underground Mining and Dressing Project with an annual capacity of 2.97 million tons in Bu Dun Ula Mining Area, Xilinhot City, Xilingol League, Inner Mongolia” (Inner Development Industry Development Document [2026] No. 235). Bu Dun Silver Mine is implementing an underground silver mining project within the mining area (Mining License No.: XC1525002024094210157438). The main construction includes mining engineering, mineral processing engineering, tailings facilities, and auxiliary public works. The construction scale is 2.97 million tons per year, with underground mining as the extraction method, and the project is classified as a new construction project.