Zijin Mining greenlights Zijin Gold International spin-off, adjusts stock scheme

Zijin Mining Group (HKEX:2899) announced the successful passage of resolutions at its First Extraordinary General Meeting, as well as A and H Shareholders' Class Meetings, centered around the spin-off and listing of Zijin Gold International Company Limited, a subsidiary, on the Hong Kong Stock Exchange. The proposal was approved with overwhelming support from shareholders. Furthermore, the company adjusted the consideration under its Employee Stock Ownership Scheme for 2025 (ESOS). Due to the implementation of profit distribution for the year ended December 31, 2024, the consideration was revised from RMB10.89 per A Share to RMB10.61 per A Share. The resolutions also covered aspects such as maintaining the company's independence, Zijin Gold International's operational capacity, and safeguarding shareholder interests. The spin-off aims to enhance the value of both Zijin Mining and Zijin Gold International. The Board advises caution when dealing in the securities of the Company.