Shandong Gold completes H share placement, raises HK$3.89bn

Shandong Gold Mining Co. Ltd. successfully completed the placing of new H shares under a general mandate on September 9, 2025. A total of 136.5 million placing shares were placed to at least six placees at HK$28.58 per share, raising approximately HK$3,892.42 million in net proceeds after deducting commissions and expenses. This placement represents approximately 13.71% of the H shares and 2.96% of the total issued shares as enlarged upon completion.

The completion of the placing increased the company's total issued shares from 4,473,429,525 to 4,609,929,525. Consequently, the number of H shares rose from 858,986,178 to 995,486,178, while A shares remained unchanged at 3,614,443,347.

Following the placement, the percentage of public H shareholders within the total issued shares increased from 19.20% to 21.59%, while SDG Group Co.'s ownership percentage decreased from 45.36% to 44.02%. The company affirmed that all placees are independent third parties and none became substantial shareholders.