Zhongjin Gold shareholder completes partial stake reduction

China National Gold Group (国新发展) subsidiary, Guoxin Development Investment Management Co., Ltd., concluded a partial reduction of its holdings in Zhongjin Gold Corp (SSE:600489) on March 25, 2025. Between December 25, 2024, and March 25, 2025, Guoxin Development sold 18,676,949 shares via centralized bidding at prices ranging from 12.71 to 14.33 yuan per share, representing approximately 0.39% of Zhongjin Gold's total share capital. The total transaction value reached 247.74 million yuan. Following the reduction, Guoxin Development's stake in Zhongjin Gold decreased to 132,964,953 shares, or 2.74% of the total share capital. The initial plan allowed for the sale of up to 0.47% of shares, but it remains incomplete.