Shougang Fushan Resources Group Limited 

IRC Limited, an investment holding company headquartered in Central, Hong Kong, since its incorporation in 2010, is engaged in the global development, production, and sale of industrial commodities. Its operations span Russia, the People's Republic of China, and international markets. The company organizes its business into four distinct segments: Mines in Production, Mines in Development, Engineering, and Other. The "Mines in Production" segment comprises operational iron ore projects, notably the Kimkan and Sutara sites located within the Obluchenskoye district of Russia's Jewish Autonomous Region in the Far East. For future growth, the "Mines in Development" segment oversees iron ore projects currently undergoing exploration and development, including the Garinskoye project in the Amur region, the Kostenginskoye project, and the Bolshoi Seym project, which specifically targets ilmenomagnetite, magnetite, and ilmenite deposits in the Tynda district of the Amur region, also in the Russian Far East. Providing expert services, the "Engineering" segment delivers technical mining research and consultancy. Finally, the "Other" segment handles the manufacturing of vanadium pentoxides and related products, among other ventures. Additionally, IRC Limited participates in general trading, financing, engineering, and procurement services, and is actively involved in the advancement of titanium sponge.