Major shareholder plans partial stake sale in Zangge Mining

Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment Management Co., Ltd. ("Xinsha Hongyun Investment"), a shareholder holding 9.96% of Zangge Mining's total share capital, plans to reduce its stake. The planned divestment involves up to 9,337,068 shares, representing no more than 0.60% of the company's total share capital after accounting for repurchased shares.

The share reduction will occur through centralized bidding or block trades over a three-month period, starting 15 trading days after the announcement's disclosure, specifically from October 24, 2025, to January 23, 2026. The reason cited for the divestment is "funding needs," with shares originating from an agreement transfer. The sale price will be determined by market conditions at the time of the transaction.

Zangge Mining emphasized that Xinsha Hongyun Investment is not the controlling shareholder, and the planned reduction is a normal shareholder activity that will not impact the company's governance, equity structure, or future operations, nor will it lead to a change in control.