We are providing an update on the progress of the Collective Agreement negotiations. This week, the representatives reviewed key information regarding the company’s overall business outlook, current financial and operational status. At the request of the trade unions, the responsible teams also presented the following details, in compliance with the requirements of the Labor Law: 

• Salary calculation methods, 

• Time sheet management system, 

• Annual performance bonuses, 

• Work performance evaluations, 

• Progress on labor condition assessments etc.

By sharing this data, the representatives involved in the negotiations have achieved a shared understanding, which is essential for continuing productive negotiations. In the meetings scheduled for next week, representatives will begin detailed discussions on each party's proposals, covering the 11 chapters and 168 provisions of the Collective Agreement. 

All necessary information related to the Collective Agreement negotiations is available on the homepage of www.OTCA.mn and the OT Info app. We encourage all of you to submit your questions and feedback regarding the ongoing negotiations through the “Questions and Answers” section on these platforms. We will listen to your concerns and regularly provide responses to your questions. 

Sincerely, 

Oyu Tolgoi LLC 

Trade Union Committee of Oyu Tolgoi LLC’s Mining Employees 

Trade Union Committee of Oyu Tolgoi LLC’s Local Employees