Zijin Mining plans Hong Kong spin-off, stock scheme

Zijin Mining Group (HKEX: 2899) has announced its intention to spin off and list its subsidiary, Zijin Gold International Company Limited, on the Main Board of the Hong Kong Stock Exchange. The proposed offering method consists of a Hong Kong public offering and an international placing. The number of shares to be issued by Zijin Gold International under the spin-off and listing will not exceed 15% of Zijin Gold International after the offering. Additionally, the group is proposing an employee stock ownership scheme for 2025, involving approximately 2,500 eligible employees, the total amount of funds proposed to be raised under the Employee Stock Ownership Scheme shall not exceed RMB700.4012 million with a corresponding transfer of no more than 64.3160 million repurchased ordinary A shares. The resolutions for these proposals will be put to shareholders at an Extraordinary General Meeting on June 26, 2025.