Zijin Mining explores potential acquisition of Zangge Mining

Zijin Mining Group Co., Ltd. (HKEX: 2899) announced it is in discussions to acquire Zangge Mining Company Limited (SZSE: 000408). Zijin is negotiating with Zangge Venture Capital, Zangge Mining's largest shareholder, and Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment Management Co., Ltd., the second-largest shareholder. The potential acquisition could result in a change of control for Zangge Mining. The deal is subject to board approval and a formal agreement. Zijin Mining cautioned investors that the acquisition is not yet finalized and advised them to exercise caution. Further announcements will be made as appropriate.