Zhaojin Mining Co., Ltd. (Zhaojin Mining) announced that on October 9, 2024, it signed an establishment agreement with Zhaojin Group, Zijin Investment, and Ningbo Ranshengshengtong to jointly establish Ruining Mining. Zhaojin Mining will contribute 0.22 billion yuan, accounting for 24.44% of Ruining Mining's registered capital; Zhaojin Group will contribute 0.4 billion yuan, accounting for 44.45%; Zijin Investment will contribute 0.1 billion yuan, accounting for 11.11%; Ningbo Ranshengshengtong will contribute 0.18 billion yuan, accounting for 20%. The project was approved by the board of directors of Zhaojin Mining on the same day, and since Zhaojin Group and Zijin Investment are related parties, it constitutes a related-party transaction. Ruining Mining will focus on the acquisition, integration, restructuring, and development of gold resource projects to enhance market competitiveness and promote high-quality development. All contributors are expected to complete their contributions by December 31, 2025.

Zhaojin Mining Co., Ltd. (Zhaojin Mining) announced that on October 9, 2024, it signed an establishment agreement with Zhaojin Group, Zijin Investment, and Ningbo Ranshengshengtong to jointly establish Ruining Mining. Zhaojin Mining will contribute 0.22 billion yuan, accounting for 24.44% of Ruining Mining's registered capital; Zhaojin Group will contribute 0.4 billion yuan, accounting for 44.45%; Zijin Investment will contribute 0.1 billion yuan, accounting for 11.11%; Ningbo Ranshengshengtong will contribute 0.18 billion yuan, accounting for 20%. The project was approved by the board of directors of Zhaojin Mining on the same day, and since Zhaojin Group and Zijin Investment are related parties, it constitutes a related-party transaction. Ruining Mining will focus on the acquisition, integration, restructuring, and development of gold resource projects to enhance market competitiveness and promote high-quality development. All contributors are expected to complete their contributions by December 31, 2025.