Shandong Gold nears halfway in share increase program

Shandong Gold Mining Co., Ltd. announced that its controlling shareholder, Shandong Gold Group Co., Ltd., along with parties acting in concert, have increased their shareholdings by 3,652,090 A shares. This represents approximately 0.0792% of the company's total share capital, with the cumulative investment reaching RMB120.787231 million. The share purchase, executed through centralized bidding on the Shanghai Stock Exchange, occurred between July 31, 2025, and October 8, 2025.

The shareholding increase program, which commenced on April 9, 2025, and is expected to conclude by April 8, 2026, aims for a total investment between RMB500 million and RMB1 billion. As of October 8, 2025, half of the program's twelve-month period has elapsed. The parties intend to continue increasing their shareholdings, utilizing self-owned funds and special loans, underscoring confidence in the company's long-term value and sustainable development.

Prior to the program, Shandong Gold Group directly held 36.2248% of the company, with parties acting in concert collectively holding an additional 9.0766%. The current shareholding percentages, factoring in the issuance of 136,500,000 new H shares on September 10, 2025, stand at 35.2105% for SD Gold Group and 8.8079% for its concert parties, totaling 44.0184%. The company acknowledges potential risks, including delays or inability to implement the program fully due to capital market conditions.