Yuguang Gold & Lead announces major share transfer

Henan Yuguang Gold & Lead Co., Ltd. (Yuguang Gold & Lead) disclosed on November 20, 2025, a gratuitous transfer of shares by a shareholder holding over 5% of its stock. The Jiyuan Industrial-Urban Integration Demonstration Zone State-owned Assets Supervision and Administration Bureau has decided to transfer 54,512,132 shares of Yuguang Gold & Lead held by Jiyuan Investment Group Co., Ltd. to Henan Yugong Group Co., Ltd.

Following this transfer, Jiyuan Investment Group will hold 20,640,000 shares, representing 1.86% of Yuguang Gold & Lead's total share capital. Henan Yugong Group will directly hold 54,512,132 shares (4.90%) and indirectly control an additional 20,640,000 shares through its subsidiary, Investment Group, for a combined control of 6.76% of Yuguang Gold & Lead's total shares, making it the second largest shareholder.

This gratuitous transfer will not change Yuguang Gold & Lead's controlling shareholder or actual controller. The company's financial status, asset value, and continuous operating capabilities are not expected to be affected, nor are the interests of other shareholders.