Zijin Mining executes first A-share repurchase plan

Zijin Mining Group Co., Ltd. (HKEX:2899) has announced the first repurchase of its A-Shares through centralised price bidding, according to its previously disclosed repurchase plan. On April 8, 2025, the company repurchased 32,029,700 A-Shares, representing 0.12% of its total share capital. The highest price paid per share was RMB15.89, and the lowest was RMB15.30, with the total expenditure amounting to RMB500,399,618.59 excluding transaction costs. This repurchase is part of a larger plan approved on April 7, 2025, which aims to repurchase between 35.2941 million and 58.8235 million A-Shares at a price not exceeding RMB17.00 per share, utilizing self-owned funds. The total funds allocated for the repurchase range from RMB600 million to RMB1 billion and will be used for employee stock ownership schemes or share incentives, conversion of convertible bonds, or to safeguard company value and shareholder rights. The repurchase plan is valid for 12 months. The company confirms that the repurchase complies with relevant laws and regulations and that it will disclose further progress in a timely manner, advising investors to remain aware of potential investment risks.