Zijin Mining to repurchase restricted shares after employee departure

Zijin Mining Group will repurchase and cancel 10,200 restricted shares from a former employee who no longer meets the conditions of the 2020 Restricted Stock Incentive Plan due to resignation. This decision was approved by the company's eighth board of directors and supervisors on October 17, 2025. The shares, which had been granted but not yet unblocked, are expected to be cancelled by December 18, 2025.

The repurchase will result in a minor adjustment to the company's overall share capital. Following the cancellation, Zijin Mining's total share capital will decrease from 26,589,743,340 shares to 26,589,733,140 shares. The number of restricted shares will become zero, while unrestricted shares will remain at 26,589,733,140 shares, now representing 100% of the total.

The company has fulfilled all necessary legal procedures, including creditor notification, and confirmed no objections were raised regarding the repurchase and cancellation. The board stated that the actions comply with relevant laws and regulations and do not harm the interests of the incentive recipients or creditors.