Western Mining Co.Ltd(601168) : asset appraisal report of all shareholders’ equity project of Qinghai Dongtai Jinaier lithium resources Co., Ltd. involved in the equity to be transferred (Beifang Yashi pingbao Zi [2022] No. 01-055)

Western Mining Co.Ltd(601168) : Western Mining Co.Ltd(601168) statement 1 of the asset appraisal report of all shareholders’ equity project of Qinghai Dongtai Jinaier lithium resources Co., Ltd. (Beifang Yashi pingbao Zi [2022] No. 01-055) involved in the proposed transfer of equity The assets appraisal report is prepared in accordance with the basic standards for assets appraisal issued by the Ministry of Finance and the asset appraisal practice standards and professional ethics standards issued by China Assets Appraisal Association. 2、 The client or other users of the asset appraisal report shall use the asset appraisal report in accordance with the provisions of laws, administrative regulations and the scope of use specified in the asset appraisal report; If the client or other users of the asset appraisal report use the asset appraisal report in violation of the above provisions, the asset appraisal institution and the asset appraiser shall not be liable. This asset appraisal report is only for the use of the client, other users of asset appraisal reports agreed in the asset appraisal entrustment contract and users of asset appraisal reports stipulated by laws and administrative regulations; In addition, no other institution or individual can become the user of the asset appraisal report. The assets appraisal agency and the appraisers remind the users of the assets appraisal report to correctly understand the appraisal conclusion. The appraisal conclusion is not equal to the realizable price of the appraisal object, and the appraisal conclusion should not be considered as a guarantee for the realizable price of the appraisal object