Western Region Gold director plans to sell up to 2% stake

Yang Shengrong, a major shareholder and director of Western Region Gold Company Limited, plans to sell up to 18,219,982 shares, representing no more than 2% of the company's total share capital. The proposed sales will occur via a combination of centralized bidding and block trades, with each method accounting for up to 9,109,991 shares. The divestment period is scheduled from November 7, 2025, to February 6, 2026.

As of the announcement date, Yang Shengrong holds 107,101,167 shares, comprising 11.7565% of the company's total share capital. His current holdings include 83,290,487 unrestricted shares and 23,810,680 restricted shares. The shares primarily originate from assets acquired through an issuance of shares to purchase assets and centralized bidding transactions.

The planned share reduction is attributed to personal financial needs. The company clarified that this transaction will not result in a change of control.