On June 23, local time, CGN Uranium Resources Skorpion Company Limited held its launch event for the 2025 Sustainability Report in Windhoek, the capital of Namibia. The event, themed "A Decade of Accumulation, Infinite Future," provided a comprehensive review of Swakop Uranium's contributions to Namibia in social, environmental, and governance aspects over the past year. It also marked the first release of the "HUSAB+" brand, demonstrating CGN's original commitment to cooperation and its responsibility practices as it stays rooted in Namibia and dedicates itself to long-term sustainable development. Gaudentia Krohne, Vice Minister of Namibia's Ministry of Industrialization, Mines and Energy; Natalia Goagoses, Governor of Erongo Region; and Wei Jinming, Economic and Commercial Counsellor of the Chinese Embassy in Namibia, attended the launch event. Mr. Liu Haijun, Vice President of China General Nuclear Power Corporation, delivered a speech on behalf of the Group.

The report shows that since the production of the first barrel of uranium on December 31, 2016, Swakop Uranium has been rooted in Namibia for nearly ten years. During this period, the company has consistently upheld the mission to "produce uranium efficiently and responsibly," focusing on resource development, compliant operations, local economic empowerment, and community contributions. In 2025, Swakop Uranium continued to build a modern mine operation system with international competitiveness, entering a new phase of high-quality development characterized by safety, environmental protection, and lean management.

In terms of production and operations, the company has strictly upheld the bottom line of safe production. The output of the Husab Mine reached yet another record high, helping Namibia become the world's third-largest natural uranium producer. In terms of economic contributions, the local procurement value reached 9.107 billion Namibian dollars, a year-on-year increase of over 22%, which has continuously revitalized the local industrial chain and powerfully driven economic growth. In terms of talent development, the company has achieved an employee localization rate of 96% and regularly provides training on operational skills, mine operations, and leadership to support the growth of local talent. In terms of environmental protection, the company signed a joint venture agreement with the Namibia Water Corporation to build a second seawater desalination plant in Namibia, which will effectively address the problem of regional water scarcity upon completion. In terms of community contributions, the company invested over 10 million Namibian dollars in public welfare throughout the year, launching multiple education, livelihood, and agricultural assistance projects such as Hope Farm, Safe Swakop, and the First Computer Lesson, thus supporting livelihood development. In terms of innovation-driven development, the company has actively promoted smart mine technology R&D and advanced projects such as heap leaching of low-grade ore, achieving cost reduction and efficiency improvement while extending the mine service life through technical innovation.

At the launch event, the "HUSAB+" signature brand was released for the first time, introducing the sustainable development practice system with Husab characteristics. The letters of the "HUSAB+" brand represent development connotations including people-oriented, coordinated development, sustainable future, innovation-driven, and broad-based win-win cooperation, while the symbol "+" implies an infinite future, symbolizing the continuation and expansion of new spaces for China-Namibia mining mutually beneficial cooperation, rooted in a decade of hard work. This brand not only represents a systematic summary and accumulation of the sustainable development practices and philosophy of CGN and Swakop Uranium in Namibia, but will also fully permeate the entire process of mine production and operation, serving as an action guide for the company's business development, ecological protection, local empowerment, and other work.

Gaudentia Krohne emphasized the strategic significance of Husab Uranium Mine in sustainable development during her speech. She stated that against the backdrop of the global energy transition, the status of uranium as a strategic resource is becoming increasingly prominent. Mining is a pillar industry for Namibia's economic development, so its sustainable development should be integrated into project operations and shared-benefit models to truly become an important engine for industrial upgrading. As a key project in this field, Husab Uranium Mine is of great significance to the overall strength enhancement of Namibia. Over the years, Swakop Uranium has successfully transformed international investment into momentum for local development through standardized management, extensive cooperation, and sense of responsibility. Looking ahead, she hopes that Swakop Uranium will take the "HUSAB+" brand as a starting point to deepen industrial synergy and continue to contribute to Namibia's sustainable development with greater commitment and more concrete cooperation.

Natalia Goagoses expressed her gratitude to Swakop Uranium for its long-term commitment to the local area. She mentioned that by consistently adhering to the parallel development of project operations and sustainable development, Swakop Uranium has grown from a large-scale construction project into an international, first-class mining enterprise. Over the past decade or more, Swakop Uranium has helped the Erongo Region achieve economic development, infrastructure improvement, and employment growth, while continuously carrying out various people's livelihood projects such as education support and agricultural assistance, becoming a pillar of local stability and a partner in promoting regional transformation. The Erongo Regional Government will continue to support all types of beneficial initiatives and hopes that Swakop Uranium will further deepen its interaction and cooperation with various communities and local enterprises in the Erongo Region to promote industrial synergy and sustainable development.

In his speech, Liu Haijun stated that the Husab Uranium Mine is a landmark project for CGN in implementing the Belt and Road Initiative and deepening China-Africa cooperation. Over the past decade, CGN has consistently adhered to the principle of "extensive consultation, joint contribution and shared benefits," developing Swakop Uranium into a model window for CGN's overseas social responsibility. Through systematic efforts such as localized operation, capacity building, and community support, CGN has ensured that the fruits of development benefit every household in Namibia. In the past year, through its foundation platform, Swakop Uranium has focused on key livelihood areas such as agriculture, health, and education, stimulating endogenous motivation of the society through "proactive" assistance. The "HUSAB+" brand, released for the first time during today's event, embodies CGN's systematic thinking on sustainable development. Looking forward, CGN will continue to build a model for high-quality overseas development, a bridge for China-Namibia friendly cooperation, and a loyal practitioner of the vision of a community with a shared future for mankind, contributing greater strength to writing a new chapter of China-Namibia friendship and promoting the building of a high-level China-Africa community with a shared future.

The story-sharing session at the launch event resonated widely and drew rounds of applause from the audience. Jason Ngitovali, Hydrometallurgy Technical Supervisor at Swakop Uranium, shared his personal growth journey—how he launched his career and realized professional aspirations with the support of the company. Alexander Hingresho, representative of the small and medium-sized enterprise Blumberg Trading Company, recounted the history of their partnership—working hand in hand and progressing side by side with Swakop Uranium over the years; Leonie Reed, a school representative, shared how the computer laboratory has empowered digital teaching on campus and broadened students' horizons, multi-dimensionally showcasing the corporate human touch of Swakop Uranium as it remains deeply rooted in the local community and moves forward in unity with its stakeholders.

More than 150 people attended the launch event, including officials from various Namibian ministries, representatives from enterprises and industry associations, partners, media outlets, relevant departments of the Group, and heads of CGN Uranium Resources and Swakop Uranium.