Chairman Zhang Jinjun pointed out that in 2020, in the face of unfavorable factors such as the obstruction of personnel and material access caused by the COVID-19 epidemic and the drastic market fluctuations, the Company overcame the impact of the epidemic by strengthening various management, production and operation remained stable, and the output of all products achieved year-on-year growth. In 2020, the Company completed and put into operation the combined exploration and construction project of the southeast ore body in Chambishi, the copper smelting project in Lualaba, and the expansion and renovation project by CNMC Huaxin Mabende. The completion and operation of the three projects laid a solid foundation for the Company's sustainable high-quality development in 2021. In addition, the Company has always attached great importance to the leading role of scientific and technological innovation and value creation, actively promoted the use of digital technology and intelligent equipment in the mining field, attached great importance to environmental protection, social and corporate governance, and actively fulfilled its social responsibility at the same time of rapid corporate development. In the first quarter, the Company maintained a good development and achieved a "good start".

Chairman Zhang Jinjun emphasized that in 2021, the Company will focus on the following four aspects: firstly, actively look for resource acquisition opportunities; secondly, vigorously promote the work of securing raw materials for smelters; thirdly, ensure that the combined exploration and construction project of the main ore body of Kambove will be completed and put into operation in the third quarter of 2021; fourthly, achieve the planned production capacity of the southeast ore body project of NFCA by the end of the second quarter of 2021.

During the teleconference, investors and institutional representatives from Industrial Securities, CITIC Securities, Huachuang Securities and Guoxin Securities actively asked questions, and the management answered them one by one on the core competitiveness of the Company, liquidity of the company listed in Hong Kong, planning for the 14th Five-Year Plan period, country risks, long-term dividend policy and other issues.

CNMC management, heads of relevant departments, more than 50 institutional representatives and individual investors from CITIC Securities, Industrial Securities, Huachuang Securities and Guoxin Securities attended the meeting.