Zijin Mining repurchases and cancels restricted shares

Zijin Mining Group Co., Ltd. announced the repurchase and cancellation of 30,600 restricted shares. This action stems from a 2020 restricted stock incentive plan, where one incentive recipient is no longer eligible due to departure, resulting in the cancellation of their unvested shares. The company will reduce its total share capital by this amount, with the estimated cancellation date set for November 4, 2025.

This follows an earlier decision on November 17, 2024, to repurchase and cancel a total of 345,600 restricted shares from 10 departing incentive recipients. While 315,000 shares from nine individuals were cancelled on January 16, 2025, the remaining 30,600 shares from one individual were delayed due to a court freeze, which has now been lifted.

Following this repurchase and cancellation, Zijin Mining's total share capital will decrease from 26,577,573,940 shares to 26,577,543,340 shares. The company has confirmed compliance with legal and regulatory requirements, including creditor notification, and asserts that the decision does not harm the legitimate rights and interests of incentive recipients or creditors.