Hainan Mining terminates asset acquisition, maintains dual-drive strategy

Hainan Mining Company Limited has terminated its planned share issuance and cash payment for an asset acquisition. The company cited market environment changes and an inability to agree on core transaction terms with the counterparty. Hainan Mining held an investor briefing on October 9, 2025, to discuss this decision. The company will maintain its "industrial operation + industrial investment" dual-drive strategy, focusing on M&A opportunities in strategic resource sectors. Hainan Mining has pledged not to plan any major asset restructuring for at least one month from the announcement date.

In related news, Hainan Mining continued its share repurchase program, buying back 63,100 shares as of September 30, 2025, for a total of RMB 500,760, with prices ranging from RMB 7.91 to RMB 7.95 per share. Concurrently, the company announced the lifting of restrictions on 4,260,213 shares for 146 incentive recipients under its 2022 Restricted Stock Incentive Plan, with these shares becoming tradable on October 15, 2025. This move reflects the fulfillment of performance conditions by both the company and the beneficiaries.