Hainan Mining's controlling shareholder re-pledges significant stake

Hainan Mining announced that its controlling shareholder, Shanghai Fosun High-tech (Group) Co., Ltd. (Fosun High-tech), completed a significant share re-pledge transaction. On October 20, 2025, Fosun High-tech unpledged 50,000,000 shares, representing 5.27% of its holdings and 2.50% of the total share capital, previously pledged to Ping An Bank Co., Ltd.

Immediately following the unpledge, Fosun High-tech re-pledged the same 50,000,000 shares to Ping An Bank Co., Ltd. Shenzhen Branch. This new pledge, effective from October 20, 2025, to October 20, 2027, accounts for 5.27% of Fosun High-tech's total shares and 2.50% of Hainan Mining's total share capital. The purpose of this re-pledge is to repay debts.

As of the announcement date, Fosun High-tech holds 949,056,507 shares in Hainan Mining, representing 47.49% of the total share capital. After this transaction, Fosun High-tech's cumulative pledged shares amount to 700,000,000, which constitutes 73.76% of its total holdings and 35.03% of Hainan Mining's total share capital. Fosun High-tech has no pledged shares maturing within the next six months, and has the financial capacity to meet repayment obligations for future maturities.