Zijin Mining finalizes 2025 employee stock ownership scheme transfer

Zijin Mining Group Co., Ltd. announced the completion of the non-trade transfer for its 2025 Employee Stock Ownership Scheme on September 11, 2025. This follows approvals at the extraordinary general meeting on June 26, 2025, and subsequent adjustments. The company received confirmation from the China Securities Depository and Clearing Corporation Limited regarding the transfer of 64.316 million A Shares from the company's repurchase account to the scheme's securities account.

The transfer was executed at a price of RMB10.61 per A Share. As of the announcement date, the Employee Stock Ownership Scheme for 2025 holds 64.316 million A Shares, representing 0.24% of Zijin Mining Group's total share capital. The scheme's duration is set for 60 months, with a lock-up period of 24 months for the underlying shares.

The lock-up period commences from the date the scheme was approved by shareholders and the date of the transfer announcement. Cash dividends received from these shares are exempt from the lock-up restrictions, but shares derived from bonus issues or capital reserve conversions will be subject to the lock-up arrangement.