Western Region Gold to list restricted shares, addresses trading fluctuations

Western Region Gold will list 203,195,683 previously restricted shares on September 9, 2025. These shares were originally issued for asset acquisition and to support funds from Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. and Yang Shengrong. Yang Shengrong’s 11,629,124 shares, initially restricted for 24 months, are now released after meeting performance commitments for the acquisition targets. Both shareholders have confirmed adherence to their lock-up period commitments.

The company's total share capital has adjusted multiple times. After the supporting funds' shares were listed in May 2023, the total shares reached 925,429,336. Subsequent repurchases and cancellations of restricted shares in January 2023, August 2024, and July 2025 have reduced the total share capital to 910,999,123 shares. Post-listing, unrestricted shares will total 887,188,443.

Separately, Western Region Gold’s stock experienced abnormal fluctuations with a cumulative deviation of over 20% in closing prices over three trading days (August 29, September 1, and September 2, 2025). The company states its production and operations are normal, with no undisclosed material information, and has observed increased attention to the gold market, advising investors to exercise caution.