Yunnan Copper revises asset acquisition, capital raise plans

Yunnan Copper Co., Ltd. announced a revision to its asset acquisition and supporting funds report, following approval from the Shenzhen Stock Exchange's M&A and Restructuring Review Committee. The company will acquire a 40% stake in Liangshan Mining Co., Ltd. from Yunnan Copper (Group) Co., Ltd. through a share issuance, valued at 2,323,510,480 yuan after deducting an 8,000,000 yuan cash dividend.

Additionally, Yunnan Copper plans to raise supporting funds of 1,500,000,000 yuan through a share issuance to Aluminum Corporation of China Limited and China Copper Co., Ltd. The share issuance price for both transactions is set at 9.07 yuan per share.

The board also approved the re-appointment of Xinyongzhong Certified Public Accountants (Special General Partnership) as the audit institution for 2025, with an audit fee of 3,370,000 yuan. Concurrent adjustments to daily connected transactions for 2026 reflect a decrease of 660,200,000 yuan from the original estimate of 5,903,618,130 yuan, totaling 5,243,403,070 yuan. These revisions incorporate updated information on asset qualifications and construction permits, which do not materially alter the overall transaction plan. The transaction remains subject to registration approval from the China Securities Regulatory Commission.