Mission Statement, Vision, & Core Values (2026) of Tibet Huayu Mining Co., Ltd.

Founded in 2002 and headquartered in Lhasa, Tibet, Tibet Huayu Mining Co., Ltd. (listed as 601020.SS) is a non-ferrous metals specialist whose 2023 revenue of RMB 2.71 billion and workforce of approximately 360 employees underscore a compact but influential footprint across lead, zinc, copper, antimony, gold and silver operations; driven by a mission of responsible resource development, environmental stewardship and community investment, the company combines technological innovation and strict safety standards with international expansion - including a 50% stake in TALCO Gold in Tajikistan and a majority interest in Tigray Resources in Ethiopia - to pursue a vision of becoming a top-tier mining enterprise that delivers consistent shareholder returns while prioritizing integrity, exploration, efficiency, safety and quality

Tibet Huayu Mining Co., Ltd. (601020.SS) - Intro

• Founded: 2002; Headquartered: Lhasa, Tibet Autonomous Region
• Primary commodities: lead, zinc, copper, antimony, gold, silver
• Stock listing: Shanghai Stock Exchange - 601020.SS
• 2023 Revenue: RMB 2.71 billion
• Employees: ~360; recognized among the 'Top 20 Private Employers' in Tibet
• International stakes: 50% in TALCO Gold (Tajikistan); 70% in Tigray Resources (Ethiopia)

• Secure and responsibly develop mineral resources to support regional economic development and industrial supply chains.
• Deliver stable returns to shareholders through efficient, sustainable mining and value-added processing.
• Promote worker safety, local employment and community uplift in Tibet and operating regions.

• Be a leading, sustainable non-ferrous metals group bridging Tibetan resource advantages with global markets.
• Expand technical capability and international footprint while transitioning toward lower environmental impact operations.
• Create long-term value through diversified metal production and strategic partnerships in Central Asia and Africa.

• Safety First - strict adherence to occupational health and environmental standards across all sites.
• Integrity & Compliance - transparent governance as a publicly listed enterprise (601020.SS).
• Responsibility to Stakeholders - commitment to employees, local communities and investors.
• Operational Excellence - continuous improvement in exploration, processing yields and cost control.
• Partnership & Localization - collaborate with host-country partners and invest in local capacity building.

Tibet Huayu Mining Co., Ltd. (601020.SS) - Overview

• Mission: Responsibly develop non-ferrous resources through innovation, efficiency, and environmental stewardship.
• Vision: Be a leading, sustainable non-ferrous resource developer in China with benchmark standards for environmental protection and social responsibility.
• Core Values: Safety-first operations, environmental accountability, community partnership, operational excellence, and continuous innovation.

• Environmental stewardship - active implementation of tailings management, water recycling, and progressive land reclamation to minimize ecological footprint.
• Safety & health - rigorous occupational safety programs, regular training, and health monitoring for employees and contractors.
• Community investment - targeted programs in education, primary healthcare, and infrastructure in local Tibetan and regional communities.
• Technological innovation - deployment of advanced extraction, processing, and monitoring technologies to raise recovery rates and lower emissions.

• Operational excellence: continuous process optimization to improve recovery and reduce unit costs, guided by performance targets tied to shareholder returns.
• Environmental measures: incremental reduction of carbon intensity through energy efficiency, electrification of key equipment, and increased use of renewables where feasible.
• Community & social license: sustained funding for local schools, clinics, and infrastructure projects to support long-term regional development and stable labor relations.
• Governance & transparency: periodic public disclosures aligning with regulatory requirements and investor expectations, with emphasis on ESG metrics.

Tibet Huayu Mining Co., Ltd. (601020.SS) - Mission Statement

• Deliver stable and growing returns to shareholders through disciplined capital allocation and operational efficiency.
• Develop mineral assets responsibly, prioritizing low-impact extraction and post-mining land restoration.
• Invest in technology and processes that increase recovery rates, lower unit costs, and improve safety.
• Uphold regulatory compliance, transparent governance, and social responsibility toward local communities and employees.

• Leadership: Aim to rank among the top-tier mining companies in China by asset quality and operational performance.
• Shareholder returns: Target consistent dividend policy and long-term value creation, balancing reinvestment and payout.
• Sustainability: Reduce environmental footprint through cleaner production, reclamation, and biodiversity programs.
• Innovation: Adopt automation, digital mining, and advanced processing to raise efficiency and resource recovery.

• Resource optimization: Improve ore recovery and reduce tailings through advanced beneficiation.
• Energy transition: Shift toward electric mining equipment and renewable-powered processing where feasible.
• Community investment: Education, healthcare, and infrastructure programs in Tibetan regions where the company operates.
• Governance: Strengthen compliance, audit practices, and transparent reporting aligned with Shanghai Stock Exchange standards.

Tibet Huayu Mining Co., Ltd. (601020.SS) - Vision Statement

• Integrity: embed honesty and transparency into governance, reporting, procurement and joint-venture operations across all jurisdictions.
• Exploration & Innovation: accelerate geological exploration, deploy advanced extraction and processing technologies, and expand resource conversion rates.
• Commitment & Responsibility: honor obligations to shareholders, local communities, and regulators while managing long-term resource stewardship.
• Safety & Environmental Protection: target continuous improvement in workplace safety and progressive reduction of environmental footprint.
• Efficiency & Enterprising Spirit: optimize unit costs, increase recovery rates and pursue new value chains and strategic upstream/downstream linkages.
• Respect for Quality: ensure product specifications and logistics meet industrial customers' technical and delivery standards.

• Resource base expansion: increase proven + probable reserves by 15% over the next 3 years via targeted exploration programs.
• Recovery & yield improvements: raise metallurgical recovery by 2-4 percentage points through process upgrades within 24 months.
• Safety: reduce Total Recordable Incident Rate (TRIR) by 30% versus the most recent 12‑month baseline.
• Environmental: cut specific water consumption per tonne processed by 20% over 5 years and lower carbon intensity (tCO2e/t product) annually.
• Financial discipline: improve operating cashflow margin and target a weighted average cost reduction of 8-12% through efficiency initiatives.

• Governance & Integrity - strengthened disclosure cadence, compliance checks, and stakeholder reporting to raise transparency metrics and reduce regulatory risk.
• Technology & Exploration - allocate expanding CAPEX to geophysics, drilling and metallurgical pilot plants to convert exploration success into reserve growth.
• People & Safety - workforce training, contractor management and safety culture programs to achieve target TRIR reductions and higher retention.
• Environment & Community - invest in water recycling, tailings management upgrades and local development programs to lower impacts and enhance social license.
• Commercial & Efficiency - optimize logistics, vertical integration where feasible, and pursue higher-value contracts to improve margins and cash flow.