Tongguan Gold Group to acquire mine engineering firm via share issuance

On December 19, 2025, Tongguan Gold Group Limited agreed to acquire 100% equity in a target company for RMB260,000,000. The acquisition will be settled by allotting and issuing 110,000,000 consideration shares at HK$2.6 per share, representing approximately 2.12% of the company's issued share capital.

The consideration shares will be issued under the general mandate and will not require shareholder approval. The issue price of HK$2.6 per share represents a discount of approximately 5.5% to the closing price on December 19, 2025. This acquisition is expected to enhance cost savings, operational efficiency, and control over mine safety production for Tongguan Gold Group.

The target company is principally engaged in mine engineering and construction. Upon closing, it will become a subsidiary of Tongguan Gold Group, consolidating its financial results. The acquisition is subject to conditions precedent, including regulatory approvals and satisfactory due diligence.