Shandong Gold extends anti-competition pledges, repays working capital funds

Shandong Gold Mining Co. will hold its Fifth Extraordinary General Meeting of Shareholders on December 24, 2025, to approve an extended commitment from Shandong Gold Group Co. and Shandong Gold Nonferrous Metals Group Co. to avoid intra-group competition. These commitments, first issued from 2014 to 2016 and updated on November 10, 2022, now extend to November 10, 2030, for assets related to gold businesses. The Group continues to manage these assets, including those from Qinghai Shanjin Mining and Hainan Shanjin Mining, with plans to inject them into Shandong Gold if specific profitability and regulatory conditions are met.

In a related financial development, Shandong Gold Mining has fully repaid the 55,000,000 yuan of idle raised funds temporarily used to supplement working capital. This repayment occurred on November 17, 2025, well within the 12-month approved usage period. The funds were initially approved for use on December 19, 2024.

These resolutions underscore the company's adherence to regulatory requirements and its efforts to protect shareholder interests by ensuring asset quality and strategic alignment.