Shandong Gold halts A-share plan, subsidiary pursues H-share listing

Shandong Gold Mining Co., Ltd. announced on September 19, 2025, the termination of its A-share issuance to specific targets. This followed the company's decision on September 12, 2025, to withdraw its application, leading to the Shanghai Stock Exchange's decision to terminate the review on September 19, 2025. The company stated it will actively explore optimized financing models for healthier, sustainable, and high-quality development.

Concurrently, Shandong Gold Mining’s subsidiary, Shandong Gold International, is moving forward with an H-share listing on the Hong Kong Stock Exchange. At an extraordinary general meeting on September 19, 2025, shareholders approved resolutions for the H-share offering, including the listing location, type, and par value of shares, issuance and listing time, issuance method, scale, pricing, target investors, and sales principles.

Resolutions for the H-share offering, including those related to the use of proceeds and inter-company guarantees, received overwhelming support from both A-share and H-share holders, with over 99% of common shares voting in favor of most proposals. The company's legal counsel confirmed that the general meeting procedures, resolutions, and outcomes were legal and effective.