Zijin Mining pledges Anhui Jiangnan shares for exchangeable bonds

Anhui Jiangnan Chemical Industry announced on September 4, 2025, that its major shareholder, Zijin Mining Investment (Shanghai) Co., Ltd., has pledged a substantial portion of its shares. Zijin Mining Investment, along with Zijin Mining Zinan (Xiamen) Investment Partnership, pledged 180,000,000 A-share shares and their associated dividends to China Securities Depository and Clearing Corporation Limited, Shenzhen Branch. This pledge serves as collateral for a non-public issuance of exchangeable corporate bonds.

The pledged shares represent 69.20% of Zijin Mining Investment's total holdings and 6.80% of Anhui Jiangnan Chemical Industry's total share capital. The pledge period began on September 3, 2025, and will last until the completion of the unpledging procedures. The pledge was made to CITIC Securities Stock Co., Ltd., which will act as the pledgee.

Anhui Jiangnan Chemical Industry confirmed that Zijin Mining Investment's share pledge does not involve any related-party transactions or other actions that would infringe upon the company's interests. The company also stated that the pledge does not currently pose a risk of forced liquidation, will not lead to a change in the company's actual control, and will not adversely affect its operations or corporate governance.