Zijin Mining announced that Zijin International Holdings, a wholly-owned subsidiary of the company, signed the “Control Transfer Agreement” with Zangge Venture Capital, Sichuan Yonghong, Lin Jifang, and Xinsha Fortune on January 16, 2025. Zijin International Holdings plans to acquire 392 million shares of the above entities at a consideration of 35 yuan/share. The corresponding share ratio is 24.82%, with a total transaction amount of 13.729 billion yuan. Prior to this transaction, the company had already held 0.18% of Zangge Mining's shares through a wholly-owned subsidiary. After the transaction is completed, the company's overall shareholding ratio will reach 25%. The total shareholding ratio of Zangge Venture Capital, Sichuan Yonghong, Lin Jifang and co-actors fell to 20%; Xinsha Hongyun's shareholding ratio fell to 9.89%. Based on the above share transfer, combined with the parties' arrangements for the governance structure of the Zangge Mining Company after the transaction is completed, Zijin International Holdings will obtain control of the Cangge Mining Industry and achieve financial consolidation of it. Zangge Venture Capital and Xinsha Fortune also made relevant promises not to seek control or relinquish voting rights.

Zijin Mining announced that Zijin International Holdings, a wholly-owned subsidiary of the company, signed a “Control Transfer Agreement” with Zangge Venture Capital, Sichuan Yonghong, Lin Jifang, and Xinsha Fortune on January 16, 2025. Zijin International Holdings plans to acquire 392 million shares of the above entities at a consideration of 35 yuan/share. The corresponding share ratio is 24.82%, with a total transaction amount of 13.729 billion yuan. Prior to this transaction, the company had already held 0.18% of Zangge Mining's shares through a wholly-owned subsidiary. After the transaction is completed, the company's overall shareholding ratio will reach 25%. The total shareholding ratio of Zangge Venture Capital, Sichuan Yonghong, Lin Jifang and co-actors fell to 20%; Xinsha Hongyun's shareholding ratio fell to 9.89%. Based on the above share transfer, combined with the parties' arrangements for the governance structure of the Zangge Mining Company after the transaction is completed, Zijin International Holdings will obtain control of the Cangge Mining Industry and achieve financial consolidation of it. Zangge Venture Capital and Xinsha Fortune also made relevant promises not to seek control or relinquish voting rights.