Western Gold shareholder reduces stake, triggering 1% threshold

Western Gold Company Limited announced that Yang Shengrong, a shareholder holding over 5% of the company's shares, decreased his stake between November 10 and December 15, 2025. Yang sold a total of 14,072,491 shares through a combination of centralized bidding and block trading. This reduction represents approximately 1.54% of the company's total share capital, triggering the 1% equity change threshold.

Prior to these transactions, Yang held 107,101,167 shares, representing 11.76% of Western Gold's total share capital. Following the sales, his ownership decreased to 93,028,676 shares, or 10.21% of the company. The company clarified that this equity change does not involve a mandatory tender offer and will not alter the company's controlling shareholder or actual controller.

Western Gold assured that the change will not negatively impact its corporate governance structure or ongoing operations.