Shandong Gold controlling shareholder plans shareholding increase

Shandong Gold Mining Co., Ltd. (HKEX:1787) announced that its controlling shareholder, Shandong Gold Group Co., Ltd., plans to increase its shareholdings in the company. The shareholding increase program, to be implemented within twelve months starting April 9, 2025, will involve the purchase of A Shares through centralized bidding or bulk trading on the Shanghai Stock Exchange, with an investment between RMB0.5 billion and RMB1.0 billion. As of April 9, 2025, Shandong Gold Group and its concert parties collectively held 45.30% of the total share capital. The increase is motivated by confidence in Shandong Gold's sustainable development and aims to enhance investor confidence and stabilize the share price. The company will monitor the progress of the shareholding increase and fulfill its disclosure obligations.