Yahua Group: Current Zimbabwe lithium ore export ban will not affect the company's normal production and operations

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Yahua Group stated on the interactive platform on February 26 that the current Zimbabwe lithium mine export ban will not affect the company’s normal production and operations: 1. According to the Zimbabwe Ministry of Mines announcement and communication, this ban mainly targets illegal trade exports and explicitly allows only companies with mining rights and beneficiation plants to export. Yahua’s Zimbabwe project meets these requirements, and has already resubmitted an export application, which is expected to be approved within 1-2 weeks to resume exports. 2. The Zimbabwe government hopes Chinese enterprises will accelerate the construction of lithium sulfate factories in Zimbabwe, and Yahua’s Zimbabwe lithium sulfate project has already started construction. 3. All lithium concentrate previously produced by Yahua Zimbabwe has been shipped back by sea, which will not affect the mine’s production in Zimbabwe and can fully meet domestic product demand.

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