Xinjiang Runjust Project Planning of Phase I

Detailed progress description of the Phase I project plan

1. Project feasibility study January 2021-March 2021
2. Investment Agreement April 2021
3. Registered capital in place April 2021
4. Geological Survey and Design May 2021-October 2021
5. Land use rights certificates May 2021
6. EIA, Safety Assessment and Energy Assessment Approval May 2021 – July 2021
7. Planning permission, certificate of commencement July 2021
8. Procurement of equipment May 2021-October 2021
9. Plant building construction July 2021-April 2022
10. Equipment installation May 2022-August 2022
11. #1 commissioning, stabilization September 2022 – October 2022
12. #2 commissioning, stabilization October 2022 – November 2022