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Papua New Guinea · Kompiam, Naga Province · 21 September 2026, at 10 a.m. on 21 September 2026, Papua New Guinea

[Nanjing, November 2024] Recently, PNG (Ningbo) Mining Development Partnership (hereinafter referred to as "PNG Mining") and the Mineral Resources Authority of Papua New Guinea

In October 2025, the 2nd China (Tianjin) International Mining Conference was successfully held. PNG Mining was invited to attend and exhibit at the conference, using its international matchmaking platform to exchange views in depth on industry development trends and cross-border mining cooperation opportunities, and actively engaging with domestic mining partners. At the same time, the company organised a dedicated team to carry out field investigations of mineral resources in Papua New Guinea, conducting on-site surveys at key mining areas to verify reserves and development conditions, and liaising with local mining authorities on policy compliance, project approval and local operational matters.

On 28 October 2025, three government officials from the Mineral Resources Authority of Papua New Guinea responsible for mineral resource management, geological exploration and mining information editing visited Ningbo-Zhoushan Port for an inspection tour. The delegation learned on site about the port's bulk mineral transshipment and storage, smart port operations and cross-border logistics support facilities, and spoke highly of Ningbo Port's world-class hub development achievements and operational management standards. The two sides held in-depth exchanges on the coordinated development of mineral development and cross-border logistics and reached cooperation consensus. They will rely on the logistics hub strengths of Ningbo-Zhoushan Port to jointly open a logistics channel for PNG mineral exports, deepen pragmatic cooperation in mining, logistics, technology and information, and promote mutually beneficial development of mining trade and economic ties between the two countries.

On 27 March 2026, PNG Mining and the Shandong Bureau of Geology and Mineral Resources held a dedicated working discussion, focusing on thematic research and planning for the exploration of seven key mining title blocks in Papua New Guinea. The two sides held in-depth consultations on key matters including exploration technology plans, construction scheduling, personnel and equipment allocation, safety and compliance management and the handover to subsequent development, clarifying the division of work, setting implementation milestones and detailing implementation measures. This meeting laid a solid foundation for the full launch of geological exploration across PNG's seven mining titles. Both sides will draw on their respective resource and technology strengths to jointly advance overseas mineral exploration, deepen pragmatic mining cooperation and support the mutually beneficial development of cross-border mineral resources.

On 29 October 2025, three officials from the Mineral Resources Authority of Papua New Guinea responsible for mineral management, geological exploration and information editing visited the AUX Air Conditioner headquarters for an inspection tour, and praised on site the company's smart manufacturing and industrial development capabilities. In response to PNG's industrial gap of having no air-conditioner manufacturing plant, the two sides reached a consensus to carry out all-round cooperation in mining, logistics and air-conditioner manufacturing, helping PNG improve its basic supporting industries and achieve mutually beneficial development of resources and industries.