Shandong Gold Group increases stake, signals confidence in future

Shandong Gold Mining Co. Ltd. announced that its controlling shareholder, Shandong Gold Group Co. Ltd., and its concerted parties have increased their combined shareholding in the company. As of September 16, 2025, their total stake rose from 43.99% to 44.01%, crossing the 1% change threshold. This move is part of an ongoing plan to increase holdings, driven by confidence in the company's future and long-term investment value.

The increase primarily occurred through Shandong Gold Group's direct share purchases via centralized bidding between July 31, 2025, and September 16, 2025. During this period, Shandong Gold Group acquired 830,000 shares, representing 0.02% of the company's total share capital, at a cost of 111,408,888.08 yuan. These purchases were funded by a combination of special loans for stock purchases and its own capital.

The total shares held by Shandong Gold Group directly, along with its concerted parties including Shandong Gold Resources Development Co. Ltd., Shandong Gold Non-Ferrous Metals Group Co. Ltd., Shandong Gold Group Qingdao Gold Co. Ltd., and Shandong Gold (Beijing) Industrial Investment Co. Ltd., reached 2,028,968,538 shares. This action is not expected to trigger a mandatory tender offer and will not alter the company's controlling shareholder or actual controller. The plan remains ongoing.