GOVERNANCE AND INTEGRITY

Beixin Minerals upholds a steadfast commitment to transparency, ethical behavior, and exemplary corporate governance. Our systems and processes are designed to ensure that we consistently operate at the highest standards in all aspects of our business.

Our Leadership

The Board has established a robust corporate governance framework that aligns with the principles and recommendations set forth by the International Securities Exchange Corporate Governance Council. This framework is continuously reviewed and updated to ensure compliance with evolving laws, industry best practices, and the changing needs of Beixin Minerals.

As the custodians of corporate governance, the Board plays a vital role in overseeing the strategic direction, strategies, and financial objectives of Beixin Minerals. They are responsible for evaluating the performance of the management team and providing transparent reporting on both business and sustainability performance. Sustainability performance is a key agenda item at every Board meeting.

Our corporate governance framework encompasses a comprehensive range of policies, procedures, and charters. These are regularly reviewed and revised to keep pace with any changes in legislation, advancements in corporate governance practices, and shifts within our own business operations. By adhering to globally recognized standards, we ensure the highest level of governance and accountability within Beixin Minerals.

Ethics and Conduct

Beixin Minerals' business activities and operations are conducted in jurisdictions with differing levels of political and judicial stability.

Beixin Minerals is dedicated to upholding the utmost standards of conduct, which is why we have implemented a comprehensive Code of Conduct for all Beixin Minerals employees and contractors. Our Code of Conduct outlines the essential objectives, values, and behavioral standards that must be upheld in all our business practices. It serves as a guiding document to ensure that every employee and contractor adheres to the highest ethical standards.

Furthermore, our commitment to excellence extends to our Board of Directors, who are bound by a specific Directors' Code of Conduct. This code establishes clear expectations for ethical and professional behavior from our esteemed Directors.

At Beixin Minerals, we believe that maintaining transparency, integrity, and accountability is paramount to our success. Our Codes of Conduct reflect these values and serve as a constant reminder of the ethical standards we strive to uphold in every aspect of our operations.

Risk Management

Beixin Minerals is dedicated to upholding the utmost standards of conduct and has implemented a Code of Conduct that outlines the ethical behavior expected from all employees and contractors. To fulfill our objective of delivering sustainable value, Beixin Minerals recognizes the critical importance of identifying and managing risks effectively. With a proactive approach, we systematically identify and address risks across all areas of our business operations. Our commitment to risk management enables us to navigate potential challenges and ensure the long-term success of our company.

The identification and management of risk are crucial to Beixin Minerals' objective of delivering sustainable value. Our company is fully committed to proactively and effectively managing risk across all our business activities. To ensure consistent and effective risk management, Beixin Minerals has developed a comprehensive Risk Management Policy. This policy outlines our commitment, direction, and intention in applying risk management principles. It is supported by a robust risk management framework aligned with the International Standard for Risk Management.

Responsibility for identifying and managing risks, as well as implementing effective controls, is delegated to management through the Board Charter. Every six months, management reports to the Board on risks that could significantly impact the company's business. Additionally, the Audit and Risk Committee assists the Board in overseeing our risk management practices.

With our risk management framework, Beixin Minerals aims to achieve the following:

• Implement a structured and systematic risk management process that aligns with the Board's approved appetite and tolerance limits.
• Integrate risk management into all aspects of our business activities and processes.
• Ensure that risks are appropriately escalated to inform decision-making at all levels, including management and the Board.
• Understand our exposure to risk and utilize this knowledge to make informed decisions.
• Design, implement, embed, and monitor the effectiveness of controls that manage risks within agreed-upon tolerance parameters.
• Employ appropriate risk transfer mechanisms, such as insurance.
• Identify and mitigate emerging risks by integrating them into our annual strategic planning process.
• Regularly assess the effectiveness of our risk management framework in line with our strategy and business needs.
• Invest in capability development and tools to enable effective risk management.

By adhering to these principles, Beixin Minerals ensures that risk management becomes an integral part of our operations, enabling us to safeguard our business and deliver sustainable value.