On November 21, China Minmetals held its November Financial  Performance Review Meeting focusing on the 2025 year-end closing and the 2026 plan & budget. Chen Dexin, Party Group Secretary and Chairman of China Minmetals, addressed the meeting. Chen Jianguang, Party Group Member and Vice President, also attended. Duan Wenwu, Party Group Member and Chief Accountant, presided over the meeting.

The meeting deeply studied and implemented the important instructions and directives of General Secretary Xi Jinping on strictly enforcing financial discipline and strengthening financial supervision. It comprehensively reviewed the performance of China Minmetals' financial work in 2025 and made an overall deployment for the financial work in 2026, the first year of the 15th Five-Year Plan period.

The meeting pointed out that since the beginning of this year, guided by the principle of "driving profitability through operational accounting, enhancing efficiency through meticulous management, and boosting performance through reform and innovation", China Minmetals' financial work has practiced the Amoeba management concept, and acted as both a facilitator ("stepping stone") and a strict controller ("stumbling block"). It has earnestly benchmarked against standards, promoted the strategy of "focusing on core businesses, rationalizing industrial positioning and consolidating resources". Through these efforts, it has effectively achieved its management goals of "identifying problems, making up for shortcomings, and controlling losses to increase profits".

The meeting underscored that the finance function must demonstrate a heightened political awareness and consolidate its strategic foundation within China Minmetals. It is imperative to uphold the bottom line of financial work quality with a strong sense of responsibility, serving as a strategic think-tank, a vigilant risk controller, and a dedicated value custodian for the enterprise's high-quality development. Adhering to a problem-oriented approach, it is essential to conduct in-depth root-cause analysis and guard against the "blind pursuit of superficial achievements" in performance evaluation, "loopholes" in financial internal control, "inappropriate flexibility" in implementing accounting standards, and "laxity" in accountability and discipline enforcement. All identified issues must be rectified through a spirit of self-revolution. Focus should be placed on the implementation of strategies to complete the 2025 year-end financial closing with high standards and formulate the 2026 annual financial budget with a high starting point. Efforts should be made to strengthen systemic empowerment, comprehensively improve the modernization level of financial management, further promote the Amoeba management model, optimize the financing structure, accelerate the construction of the financial management and control platform, and cultivate compound financial talents with international operational expertise in the mining industry. By the end of this year and the beginning of next year, all undisputed arrears owed to small and medium-sized enterprises and private enterprises must be resolutely settled, and to ensure the full and timely payment of wages to migrant workers.

The meeting was briefed on the progress of the rectification work regarding the central inspection and economic responsibility audit, as well as the 2025 annual financial fund inspection, fund balance and allocation, the planning for the year-end financial closing and 2026 annual plan & budget of China Minmetals. Minmetals Development Co., Ltd. delivered a speech on the operations of the supply chain financial service platform.

The meeting was held both on-site and via video link. Attendees included non-Core-Leadership executives of China Minmetals, heads of headquarters departments, as well as the heads and financial directors of directly-managed and key subsidiary enterprises.