[Xiamen Tungsten Industry filed an arbitration regarding Yulu Mining’s tungsten production issues. China Molybdenum responded] On September 24th, China Molybdenum Industry issued a statement on the matter of "Xiamen Tungsten Industry filed an arbitration regarding Yulu Mining’s tungsten production matters." The company has no obligation to include the total tungsten mining volume indicators required by Yulu Mining for the production and operation of tungsten products into the company's management indicators. In recent years, relevant national departments have reiterated the quotas for tungsten mining and implemented stricter compliance supervision. In actual implementation, Yulu Mining has long-term occupied the company's tungsten quota for production and sales activities without any basis. The company took the initiative to communicate with Xiamen Tungsten Industry this year, pointing out that relevant agreements on tailings supply and other related agreements could no longer be fulfilled, and hoped to negotiate and adjust the cooperation model, but Xiamen Tungsten Industry always refused.