一元复始，，万象更新，，我们迎来了充斥但愿和挑战的2022年！！！Ｎ医鞔鞺PAY钱包官方网站，，向辛勤恳战在全球各地的UPAY钱包官方网站人及眷属、
、宽大合作者和社区人民致以真挚的问候！！！向持久关切、
、支持和援手UPAY钱包官方网站矿业发展的列国当局、
、投资者与社会各界伴侣致以美好的新年祝福！！！

With a new beginning comes a fresh start. As the year of 2022 is ringing in, we see both hope and challenges lying ahead. On behalf of Zijin Mining Group, I wish a Happy New Year to all our stakeholders in China and around the world. I would also like to extend our sincere gratitude to our employees and their families, our investors, local communities and governments where we operate, for their devotion and support that have made us grow.

2021岁首，，UPAY钱包官方网站矿业确立了雄伟的《五年（2+3）规划和2030年发展指标纲领》，，吹响了十年“三步走”达到全球超一流金属矿业公司的进军号角！！！Ｃ娑园倌晡从兄蟊渚趾褪兰鸵咔榈榷嘀靥粽，，公司镇定应对、
、坚定信心，，对峙“深入鼎新、
、逾越增长、
、持续发展”工作总路线，，实现了业绩增长、
、出产经营、
、重大项目建设的“超预期”，，实现了首年开门红！！！

Zijin Mining unveiled its Five-Year (2+3) Plan and 2030 Development Goals at the start of 2021, aiming to become a top global metals and mining company with a three-phased approach in 10 years.

As an old Chinese saying goes, first victory is most auspicious. Zijin Mining secured a good start in 2021. Faced with momentous changes and a global pandemic unseen in a century, Zijin Mining followed the overarching principle of “deepening reform, leapfrog growth, sustainable development” in calmness and confidence, and achieved better-than-expected results in financial and operational performance as well as the construction of major projects.

从前的一年，，是UPAY钱包官方网站矿业实现逾越增长之年！！！公司在极其难题的情况下，，狠抓出产经营，，抢抓金属市场优良上涨机缘，，主营矿产品量价齐升，，重要经济指标创汗青新高，，外洋重要矿产资源量、
、产量及利润贡献全面超过国内！！！Ｍ蹇槌晌庠皆龀さ闹匾，，出现发作式增长态势，，迈入世界一流铜业公司行列！！！９疽源葱挛淼娜蚩笠稻赫Τ中嗪，，行业职位大幅提升，，成为2021《福布斯》和《财富》世界双“500强”企业！！！

This past year is a year of leapfrog growth. Despite external difficulties, Zijin Mining has created new production records to maximize the sales and profits in a bullish metals market. Our overseas operations have contributed more than our domestic operations and our copper assets have become a main driver of our growth, turning us into a top player in the global copper market.   Self-driven innovation and strengthened competitiveness are key to our progress – Zijin Mining has been ranked by both Forbes and the Fortune magazine as one of world’s top 500 companies.

从前的一年，，是UPAY钱包官方网站矿业实现可持续增长的奠基之年！！！一批重大“旗舰项目”建设喜报频传，，“UPAY钱包官方网站力量”、
、“UPAY钱包官方网站速度”得到活泼诠释！！！Ｈ笫澜缂锻笙钅扛展ń穑┛-卡库拉铜矿一期、
、塞尔维亚佩吉铜金矿上部矿带、
、西藏巨龙铜矿一期全数建成投产；；；塞尔维亚UPAY钱包官方网站铜业MS矿新建年千万吨级技改项目投产！！！８展ń穑┛-卡库拉铜矿二期和塞尔维亚UPAY钱包官方网站铜业VK矿4万吨/天选厂建设迅速推动，，均将在今年上半年投产；；；澳大利亚诺顿Binduli金矿、
、哥伦比亚武里蒂卡金矿、
、山西UPAY钱包官方网站、
、贵州UPAY钱包官方网站和塔吉克斯坦泽拉夫尚公司矿山及热压冶金项目等建设有序推动！！！！！！翱笫魑寤饭橐弧笨笠倒こ讨卫砟Ｊ缴羁掏乒，，并获得显著功效！！！

This past year is a year of a solid foundation for sustainable development. The construction of several “flagship projects” has made great headway, another testimony to the “Zijin Capability” and “Zijin Speed”. The three world-class copper projects - the Kamoa-Kakula copper mine Phase 1 in Democratic Republic of Congo, the Upper Zone of the ?ukaru Peki copper-gold mine in Serbia, and the Julong copper mine Phase 1 in Tibet - have started commercial production. The expansion project of tens of millions tonnes per annum capacity at Serbia Zijin Copper’s Majdanpek mine has been completed and put into operation. And we expect to see the Kamoa-Kakula Phase 2 and 40Ktpd concentrator at the Veliki Krivelj mine to be commissioned in the first half of 2022. Other construction or expansion projects including the Binduli gold mine in Norton of Australia, the Buriticá gold mine in Columbia, Shanxi Zijin, Guizhou Zijin, JV Zeravshan in Tajikistan and its smelter project are also progressing steadily. Our “Five-in-One” mining and operational model has been applied to more mines with exciting feedbacks.

从前的一年，，是UPAY钱包官方网站矿业鼎新与绿色发展夯实之年！！！公司全面推动以国际化为重要尺度的“简洁、
、规范、
、高效”鼎新，，全力建设以绿色可持续发展为重要特点的ESG治理系统，，公司国际化运营治理系统建设初见功效，，国际化人才行列建设成就显著！！！Ｂ躺笊浇ㄉ璩中嵘，，单元出产值的“能耗碳排”指标持续降落，，低碳已成为公司建设和营运的指南！！！９窘履茉春托伦柿狭煊，，并优先在矿产原资料方面布局，，执行50亿元的阿根廷世界级高品位3Q锂盐湖项目并购；；；成立新能源新资料钻研院，，推动与新能源矿产有关的产业延长，，加快项目落地工作；；；与内江大学等合作的氨-氢能源产业化全面启动；；；与矿山及企业相结合的光伏电站建设获得重要成就！！！

This past year is a year of deepening reform and pursing green ambitions. With a global perspective in mind, the Group initiated managerial reforms to build a streamlined, standardized, and more efficient organizational process. To install an overall ESG system has been regarded as top priority. Achievements have been made in the development of an international management and operation system and in building an internationally competent workforce.

Our mines are becoming greener and more eco-friendly, with power consumption and carbon emissions per unit of output dropping. Low carbon emission target is a top requirement for all of our constructions and operations.

The Group has decided to expand into the renewable energy and advanced materials industry starting from exploring the upstream mineral resources. We are about to complete the deal to acquire the 3Q project, a world-class, high grade lithium brine project in Argentina with RMB 5 billion. Our lithium iron phosphate project, electrodeposited copper foil project and high-performance alloys project are progressing rapidly. We have launched a project together with Fuzhou University to commercialize the ammonia-to-hydrogen energy solution. And we installed solar power generators at our mine sites and factories that turned out to be a brilliant idea.

从前的一年，，是UPAY钱包官方网站矿业优良企业文化的升华之年！！！疫情期间，，一大批外洋将士当仁不让逆行出征，，一大批驻守将士长年坚守岗位默默贡献；；；西藏巨龙团队克服高原高寒、
、缺氧的极限挑战，，仅用1年半功夫就把停建的中国最大铜矿建成投产，，铸就了最高海拔的“UPAY钱包官方网站速度和奇！！！！！！！！！凹杩啻匆、
、启发创新”的UPAY钱包官方网站心灵在“一带一路”上熠熠生辉，，富有UPAY钱包官方网站特色的“共同发展”理念在海内外生根抽芽，，UPAY钱包官方网站锌业荣膺“全国脱贫攻坚先进集体”殊荣，，多个外洋项目获得地点国最高辅导人及社区人民高度夸奖，，UPAY钱包官方网站矿业掌管任大型跨国企业形象进一步提升！！！

This past year is a year of celebrating excellent corporate culture. Hundreds of employees braved the COVID-19 pandemic to fill overseas positions, and others dedicated themselves to their responsibilities for years without any complaints. Our team at Julong Copper overcame some extreme challenges including coldness and low oxygen levels so that the largest copper mine in China can be put into operation after an unbelievable one-year-and-a-half period of construction. This is a “Zijin miracle” performed at the highest altitude ever.

The motto of “working hard and breaking new ground” guides our work in every “Belt and Road” country that we operate in. Through a Zijin-specific approach to “common development”, we have benefited many in China and overseas. Zijin Zinc won the title of “National Outstanding Entity in Poverty Alleviation”, and many overseas projects were praised by local authorities and communities, enhancing Zijin Mining’s reputation as a responsible multinational company.

功夫属于奋进者！！！汗青属于奋斗者！！！

Time favors those who forge ahead. History will remember those with a striving spirit.

世纪疫情持续冲击，，百年变局进一步演进，，外部环境更趋复杂严格！！！？蟛魑ひ岛湍茉础傲甘场，，在国民经济的基础职位正在被重新意识！！！Ｔし廊蚱蟊湮屡谥铺寂欧乓丫晌蚬彩，，中国当局的“双碳”吃嫉正在加快落地，，新能源革命、
、电气化海潮波澜澎湃，，新兴产业和传统产业转型升级正加快推动，，将成为巨大蓝海市场！！！Ｍ试凑绞跣灾拔怀中嵘，，需要将进一步增长；；；锂、
、钴、
、镍等战术性新能源金属需要增量空间强势打开；；；在钱币泛滥的今天，，黄金作为传统避险工具预期维持高位震荡！！！

With the pandemic raging, and major, evolving changes unseen in a century unfolding, the external environment becomes more challenging. To control global warming and to reduce GHG emissions have become global awareness while China is moving faster to fulfill its commitments of carbon peaking in 2030 and carbon neutrality in 2060. Energy transition and electrification have gained strong momentum, creating a Blue Ocean market with unlimited potentials. Copper as a critical mineral has been strategically repositioned and substantial demand upside is woven into the future together with other battery metals such as lithium, cobalt, and nickel. Gold is still considered to be a safe haven so it will stay in the high trading range as liquidity floods everywhere.

2022年，，是UPAY钱包官方网站矿业十年发展第一阶段冲关之年！！！９窘中灾拧吧钊攵π、
、逾越增长、
、持续发展”工作总路线，，持续提升全球竞争力，，以优质矿物原料及新能源矿产助力全球经济发展和产业转型升级！！！

2022 will mark the first milestone in our endeavor to turn our ten-year development plan into reality. Zijin will stay committed to the general principle of “deepening reform, leapfrog growth, sustainable development” while enhancing its global competitiveness. We supply the world with high-quality mineral products and energy-transition metals for stronger economic growth as well as a sustainable future.

深入鼎新，，初步建玉成球化运营治理系统！！！

Deepen reform and establish a global operation and management system.

公司十年“三步走”成立拥有UPAY钱包官方网站特色的“简洁、
、规范、
、高效”的全球化运营治理系统，，第一阶段深入鼎新已经进入深水区，，触动“硬骨头”势在必行，，我们要走切合国际尺度、
、又与企业现实相融合的“中央”路线，，加快推动国际化制度系统建设，，美满信息化流程，，利用数字化和智能化为出产治理系统转型升级赋能，，建设高适配的人力资源系统，，引发组织活力！！！

Zijin is building a streamlined, standardized, and more efficient organizational process with a three-phased approach in 10 years. The first phase of deepening reform has entered “deep waters”, where the “hard nuts” must be cracked. To this end, we will find the “middle way” between international standards and our own business model. We will introduce international corporate policies and empower production teams with smarter and better digital tools. We will also develop a tailor-made talent pool to support our development and also to stimulate organizational vitality.

紧盯“双碳”政策催生能源结构的重大革命，，自动对接产业发展方向，，对峙绿色高质量可持续发展理念，，加快推出UPAY钱包官方网站能耗和碳排双控指标！！！Ｅ灼忧按场翱笠邓枷搿，，把握机缘，，补齐短板，，把新能源新资料金属矿产资源获得及开产生为优先事项，，加快开创新产业的新能力，，早日成为新能源新资料行业的佼佼者！！！Ｍüπ氯嫣嵘翱笠+金融业务”的融合能力，，自动对接本钱市场，，把握利用国际、
、国内两个市场，，争取实现重大项目、
、重大资源和重大产能并购的新突破！！！

A major shift in the energy mix is underway, driven by the policy of “carbon peaking and carbon neutrality”. We will follow the industry trends and set our own goals in controlling energy consumption and carbon emissions to realize green and sustainable development. We will change the traditional “mining mindset”, and seize market opportunities to acquire related mineral resources and diversify our business portfolio to become a leader in the renewable energy and advanced materials industry.

Reforms will be conducted to bolster our capabilities in integrating mining, finance and trading. We will work closely with capital markets to make breakthroughs in acquiring major projects, strategic resources and industrial capacities in China and overseas.

遵循国际尺度与规范，，构建拥有UPAY钱包官方网站特色的ESG系统，，提升环境与生态保；；、
、职业健康与安全、
、人权保；；、
、反凋落与监督、
、掌管任供给链、
、社会责任贡献等关键绩效！！！Ｔ诳笊剿防煤椭卫砑白远谙呒嗖、
、生态复原方面要成为全球标杆；；；对峙依法合规，，美满和落实企业各项证照手续！！！＜哟笊ㄉ枇Χ，，推动天然碳汇，，积极发展“油”改“电”和电动化代替，，持续在矿山布局太阳能光伏电站、
、风力发电或水力电站，，加大对清洁绿色能源的投资，，创建拥有国际水准的绿色矿山！！！Ｈ繁０踩繁Ｊ贾沾τ诟哐固，，提升性质安全水平，，打造高水平UPAY钱包官方网站安整个系！！！

To install an overall ESG system with Zijin characteristics, we will follow international standards and norms, and improve our performance in environmental protection, OHS, human rights protection, anti-corruption and supervision, responsible supply chain, and social contribution. We aim to set the global benchmark in recycling, management, and online monitoring of water at mines and in ecological restoration.

We will improve our licensing work in all areas, to ensure compliance with laws and regulations. Meanwhile, stronger measures will be taken on ecological conservation and natural carbon sinks. We will build solar, wind and hydro power generators at our mines to speed up the shift from oil to electricity and electrification. We will invest more in clean energy, and build green mines to international standards. Putting high emphasis on safety and environmental protection, we keep improving our safety indicators and safety processes.

逾越增长，，加快资源优势转化为产品及效益优势！！！

Achieve leapfrog growth by turning mineral resources into mineral products and sales revenues.

2022年，，我们面对优良的市场机遇，，随着多个一流项主张建成投产，，重要产品产量实现高增长是比力确定的事项，，要把“该赚的钱赚回来”作为根基要求，，争取实现“超预期”逾越增长！！！

The bullish sentiments for metals and commodities will not fade away in 2022 and this is another year that will witness our strong growth as many of our world-class projects will be put into operation. Time is our friend, so we must “earn the money we ought to earn”, and strive for higher-than-expected, leapfrog growth.

铜矿项目要充分阐扬“逾越增长”主力军作用，，确保成熟项目稳产达产高产，，加快新建项目建成投产达产，，全力推动卡莫阿-卡库拉铜矿二期采选项目建成投产以及冶炼厂项目建设，，加快启动卡莫阿-卡库拉铜矿三期、
、塞尔维亚佩吉铜金矿下部带、
、西藏巨龙铜矿二期等部门关键工程建设，，推动塞尔维亚UPAY钱包官方网站铜业、
、黑龙江铜山铜矿等一批改扩建项目提质增效！！！４罅σ⒒平鸢蹇槎，，加快哥伦比亚武里蒂卡金矿、
、圭亚那奥罗拉金矿、
、澳大利亚诺顿金田等重点项目技改及在产项目达产，，积极争取波格拉金矿的复产；；；推动山西UPAY钱包官方网站斑岩型金矿和贵州UPAY钱包官方网站技改项目投产，，为公司增长作出新贡献！！！Ｗプ⌒考鄹呶换嫡〕钍迪止婊恐副辏；；实现新能源矿种项目内容性突破，，实现阿根廷3Q锂盐项主张交割并启动工程建设以最急剧度实现投产，，在提锂工艺技术获得重要突破，，并急剧启动新产能建设，，在硬岩锂方面获得进展，，争取成为全球重要的锂资料供给商；；；适度延长有关产业链优势，，冶炼、
、加工、
、建设、
、物流、
、技术和金融业务等板块要形成更大合力，，为公司逾越增长作出新贡献！！！

Copper projects are the main driving force for the Group’s “leapfrog growth”. Mature copper mines must maintain stable production and push for even higher outputs. New projects must speed up their construction so that they can be commissioned and reach nameplate capacity as soon as possible.

We will advance the construction of Kamoa-Kakula copper mine Phase 2 and the smelter project, and fast track Kamoa-Kakula Phase 3, the Lower Zone of the ?ukaru Peki gold-copper mine in Serbia and Phase 2 of Julong Copper in Tibet. We will also push forward with technical upgrades and expansion projects at Serbia Zijin Copper, Heilongjiang Tongshan copper mine and other projects.

The potential of our gold projects will be further unlocked. We will accelerate technical upgrading or ramp up production at our key gold assets including the Buriticá Gold Mine in Colombia, the Aurora Gold Mine in Guyana, and Norton Goldfield in Australia. We will push for the restart of the Porgera Gold Mine, the commencement of production at the porphyry gold mine of Shanxi Zijin and that of the technical upgrading at Guizhou Zijin.

We aim to beat our production targets for zinc to take advantage of the current bullish cycle.

Substantive breakthroughs will be made to expand our renewable energy portfolio. We will ensure the completion of the 3Q lithium deal, kick off engineering and construction, and begin commercial production as early as possible. We will work towards major breakthroughs in lithium extraction technology, and start the construction of new capacities. And we will seek opportunities in the field of hard-rock lithium. Our goal is to become an important global supplier of lithium materials.

To give a further boost to our leapfrog growth, we will tap into mining-related industries, and forge greater synergy among our businesses of smelting, processing, construction, logistics, technologies, finance, and trading.

持续发展，，全面提升全球竞争力！！！

Enhance global competitiveness across the board through sustainable development.

对峙面向全球配置资源，，寻求拥有重大战术意思中大型矿业公司并购机缘；；；开启UPAY钱包官方网站山和重点矿山新一轮找矿工作，，加大自主找矿勘查力度，，争取实现新突破；；；器重矿产及延长产业协同，，染指“城市矿山”及循环经济领域！！！Ｒ约际醮葱峦贫霾擞柿亢托芴嵘，，强化以我为主、
、高效协同的系统技术和工程钻研、
、设计及执行能力，，实现大规模地下开采崩落法内容性利用突破，，在提锂工艺、
、氨-氢能源、
、清洁能源、
、智能节制、
、信息化等技术及产业化获得突破！！！］尤瓶笠抵饕导哟蟛诿辰岷，，优化资产和财政结构，，推动上市公司高质量发展，，建设运营好上海本钱投资和海南国际运营及金融业务平台，，为公司可持续发展增长新动能，，为股东和投资者创制新的价值！！！

Zijin Mining will look up the global mining pool for strategic, medium-sized and large M&A deals. The Zijinshan Mine and other key mines will launch new rounds of prospecting, with more in-house exploration expertise to secure new breakthroughs.

The Group will create synergy between mining and other related industries, and enter the field of “urban mining” and circular economy. We will drive improvements in production and operation with technological innovation. We will further develop our in-house, integrated expertise in mining technology and engineering, and in research, design, and implementation. We will break new ground in block caving, lithium extraction, ammonia-to-hydrogen energy solutions, clean energy, smart technology and information technology.

Zijin Mining will pursue high-quality development by integrating its core business of mining with finance and trading, and optimizing its asset and financial portfolios. We will make the most out of our investment company in Shanghai as well as our platform for overseas operations, finance and trading in Hainan. Success on these fronts will inject new impetus to our sustainable development and create more value for our shareholders and investors.

加大国际化青年人才、
、技术工人的引进和造就使用，，实现千人“金榜生”招聘打算！！！＜忧考喽胶头吹蚵涔ぷ，，全力构建与关联方“亲清”的共依共存共发展生态！！！４罅Υ泻胙颱PAY钱包官方网站优良文化，，对峙“开发矿业、
、造福社会”共同发展理念，，向世界展示UPAY钱包官方网站形象、
、UPAY钱包官方网站价值、
、UPAY钱包官方网站境界，，让更多的人因UPAY钱包官方网站的存在而受益！！！

The Group will step up the recruitment, training, and use of young, internationally competent talent and skilled workers. Our plan is to recruit 1000 top graduates this year. We will strengthen internal supervision and fight corruption, and with integrity and honesty we closely engage with our stakeholders so that we can grow together.

Every action is guided by our corporate culture. We always stick to our philosophy of “Mining for a Better Society”. And we will bring more benefits to more people so that our values and visions will be better understood.

伟大的时期提供了辽阔空间和重大机缘，，UPAY钱包官方网站矿业作为全球矿业市场的重要参加者，，面对诸多严格的难题和挑战，，肯定能逾越增长攀顶峰，，布设新局建新功，，不休提升企业全球竞争力，，早日建设成为绿色高技术超一流国际矿业集团！！！

We live in a great era, with massive potential and opportunities to be explored. As an important player in the global mining industry, Zijin Mining is determined to rise to the challenge, improve its global competitiveness, and scale the heights of this new journey, so as to be a green, high-tech, leading global mining company as early as possible.

祝新年欢乐！！！吉祥如意！！！

Happy new year! And I wish all of you the very best.

   UPAY钱包官方网站矿业 董事长 陈景河

Chen Jinghe, Chairman of Zijin Mining Group

2021年12月31日

December 31, 2021