Northern Copper sees ownership structure simplified by SASAC

Northern Copper Co., Ltd. (000737) announced a reduction in equity ownership tiers between its shareholders holding over 5% and the actual controller. The Shanxi Provincial People's Government State-owned Assets Supervision and Administration Commission (SASAC) will directly hold 90.3772% of Shanxi Cloud Era Technology Co., Ltd. and 90% of Shanxi Coking Coal Group Co., Ltd. These stakes were previously held by Shanxi State-owned Capital Operation Co., Ltd., simplifying the ownership structure.

This restructuring does not alter Northern Copper's direct controlling shareholder, Zhongtiaoshan Nonferrous Metals Group Co., Ltd., nor its indirect controlling shareholder, Shanxi Cloud Era Technology Co., Ltd. The actual controller remains the Shanxi Provincial SASAC. Consequently, the company's control stability, normal operations, and sustainable development will not be affected.

Zhongtiaoshan Nonferrous Metals Group holds 829,972,894 shares of Northern Copper, representing 43.57% of the total share capital. Shanxi Coking Coal Group indirectly holds 7.40% of Northern Copper through its 85.1324% stake in Shanxi Coking Coal Yuncheng Salt Chemical Co., Ltd. The company noted that the equity change does not involve a tender offer and will require further industrial and commercial registration.