Common use of THE LISTING RULES Clause in Contracts

THE LISTING RULES. Minmetals North-Europe is a wholly-owned subsidiary of CMC, the ultimate controlling shareholder of the Company, and is therefore an associate of CMC and a connected person of the Company under the Listing Rules. As a result, the Dugald River Zinc Concentrate Sale Agreement constitutes a connected transaction for the Company. As disclosed in the announcement dated 27 March 2024, the Seller and the Buyer are also parties to an agreement for the sale of one 10,000 dry metric tonne (dmt) shipment of zinc concentrate from Dugald River, executed on 27 March 2024 (2024 March Agreement), which is a connected transaction. As the 2024 March Agreement is also a connected transaction, it is required to be aggregated with this transaction. As the relevant percentage ratios (as set out in Chapter 14 and Rule 14A.76 of the Listing Rules) in respect of the maximum transaction value relating to the Dugald River Zinc Concentrate Sale Agreement (when aggregated with the 2024 March Agreement), are more than 0.1% but less than 5%, it constitutes a connected transaction which is subject to the reporting, annual review and announcement requirements under Rule 14A.76 of the Listing Rules, but exempt from the independent shareholders’ approval requirements, under Chapter 14A of the Listing Rules.

THE LISTING RULES. Minmetals North-Europe is a wholly-owned subsidiary of CMC, the ultimate controlling shareholder of the Company, and is therefore an associate of CMC and a connected person of the Company under the Listing Rules. As a result, the Dugald River Zinc Concentrate Sale Agreement constitutes a connected transaction for the Company. As disclosed in the announcement dated 27 March 2024, the Seller CMN and the Buyer MMG are also parties to an agreement for the sale of one 10,000 dry metric tonne (dmt) shipment of zinc concentrate from Dugald River, executed on 27 March 8 July 2024 (July 2024 March Agreement), which is a connected transactionConnected Transaction. As the 2024 March Zinc Concentrate Sale Agreement is also a connected transactionConnected Transaction, it is required to be aggregated with this transactionthe July 2024 Agreement. As the relevant percentage ratios (as set out in Chapter 14 and Rule 14A.76 of the Listing Rules) in respect of the maximum transaction value relating to the Dugald River Zinc Concentrate Sale Agreement (when aggregated with the July 2024 March Agreement), are more than 0.1% but less than 5%, it constitutes a connected transaction which is subject to the reporting, annual review and announcement requirements under Rule 14A.76 of the Listing Rules, but exempt from the independent shareholders’ approval requirements, under Chapter 14A of the Listing Rules.