Shandong Gold Group’s stake in Shandong Gold Mining slightly decreases

Shandong Gold Mining Company Limited announced that its controlling shareholder, Shandong Gold Group Co., Ltd., and its concerted parties, collectively saw their total shareholding in the company decrease from 44.01% to 43.95%. This change triggers the 1% threshold for equity alterations.

The reduction is attributed to the conversion of non-publicly issued exchangeable corporate bonds into shares. This led to a passive decrease in Shandong Gold Group's direct shareholding from 1,623,179,427 shares to 1,620,087,828 shares as of October 9, 2025. This bond conversion began on October 19, 2023, and will conclude by April 17, 2026.

Despite the passive decrease, Shandong Gold Group and its concerted parties have also been actively increasing their holdings. Between July 31 and October 8, 2025, they acquired 3,652,090 additional shares through centralized bidding, representing approximately 0.0792% of the company's total share capital, with an investment of 120,787,231.08 yuan. These acquisitions were part of a previously disclosed plan to increase holdings by 500 million yuan to 1 billion yuan.