Shandong Gold to issue new H shares for debt repayment

Shandong Gold Mining Co., Ltd. has entered into a Placing Agreement to issue up to 136,500,000 new H shares at HK$28.58 per share. This strategic move aims to advance the company's internationalization, enhance capital strength, optimize its capital structure, and promote sustainable development. The placing price represents an 8.98% discount to the closing price on September 1, 2025.

The placing shares will constitute approximately 15.89% of existing H shares and 3.05% of total issued shares, increasing to 13.71% of H shares and 2.96% of total shares post-allotment. Gross proceeds are estimated at HK$3.901 bn, with net proceeds of HK$3.892 bn after deducting costs.

The net proceeds from this placing will be primarily utilized for the repayment of the company's debts. No shareholder approval is required as the shares will be allotted under a general mandate granted at the AGM on June 11, 2025.