Western Gold subsidiary to purchase gold ore from related party

Western Gold Co., Ltd. (SSE:601069) announced its subsidiary, Western Gold Ili Co., Ltd., will purchase approximately 6,000 tonnes of gold ore from Xinjiang Meisheng Mining Co., Ltd. The total transaction is valued at approximately CNY 60 million. Xinjiang Meisheng is considered a related party due to its controlling shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., being the same as Western Gold. The transaction aims to alleviate raw material shortages for Ili Company. The price will be determined based on the Shanghai Gold Exchange's standard gold price on the delivery date. The agreement was approved by Western Gold's board of directors.