Shandong Gold to resolve competition issues by 2030

Shandong Gold Mining Co. Ltd. has announced an Extraordinary General Meeting (EGM) for December 24, 2025. The meeting will address the further implementation of undertakings by Shandong Gold Group Co. Ltd. and Shandong Gold Non-ferrous Metal Mine Group Co. Ltd. regarding horizontal competition. The resolution specifically targets the injection or disposal of gold business assets to avoid overlap with the company's principal operations.

The undertakings, initially issued in 2014 and standardized in 2022, commit Shandong Gold Group and Non-ferrous Group to injecting gold-related assets into Shandong Gold Mining Co. by November 10, 2030. Alternatively, they will sell them to unrelated third parties if conditions for injection are not met. These assets include those from entities such as Qinghai Shanjin Mining and Shandong Gold Jinchuang Group. Previous efforts saw the transfer of some entities and the injection of Shandong Tiancheng Mining Co. Ltd. into the company.

The EGM will be held at the company's conference room in Jinan, Shandong Province, at 9:30 a.m. H Shareholders must ensure transfer documents are lodged by 4:30 p.m. on December 18, 2025, to be eligible to vote. The board recommends shareholders vote in favor of the resolution, deeming it fair and in the best interests of the company and its shareholders.