Zhongjin Gold shareholder reduces stake, remains top-five shareholder

Zhongjin Gold Corp. announced that shareholder Guoxin Development Investment Management Co., Ltd. reduced its stake in the company through a series of transactions that began January 13, 2025, and ended March 14, 2025. The sale, executed via centralized exchange trading, lowered Guoxin Development’s holdings to 135,964,953 shares, representing 2.80% of Zhongjin Gold’s total equity. Guoxin Development, along with its co-actor Guoxin Central Enterprise Operation (Guangzhou) Investment Fund, now collectively owns 242,365,573 shares, or 5.00% of the company. This collective ownership secures their position as top-five shareholders. This change follows Guoxin Development's earlier announcement in December 2024 regarding its planned reduction of holdings. The transactions will not affect Zhongjin Gold's controlling shareholder or alter its corporate structure.