Shandong Gold's major shareholder halfway through share buyback period

Shandong Gold Mining announced that its controlling shareholder, Shandong Gold Group Co., Ltd. (Gold Group), and its concerted parties have increased their stake in the company. As of October 8, 2025, with the buyback period at its halfway mark, Gold Group has acquired 3,652,090 A-shares through centralized bidding, representing 0.0792% of the company's total share capital. The total value of these acquisitions amounts to RMB120,787,231.08.

This progress is part of a previously disclosed plan initiated on April 9, 2025, to purchase between RMB500 million and RMB1 billion worth of Shandong Gold A-shares over 12 months. Gold Group and its concerted parties intend to continue increasing their holdings as per the plan, utilizing self-owned funds and specialized share acquisition loans.

Despite the current progress, the company highlighted potential risks, including market fluctuations, which could lead to delays or the inability to fully execute the buyback plan. The shareholding increase does not alter the company's equity structure, controlling shareholder, or operational stability.