Zhaojin Mining announced on October 25, 2024 that its wholly-owned subsidiary Spaico and its non-wholly-owned subsidiary Financial Company reached a share transfer agreement. The Financial Company will transfer approximately 1.15% of Weihai Bank's shares to Spaico for about 0.181 billion Hong Kong dollars. This transaction is a related party transaction, as Shandong Zhaojin is the controlling shareholder of Zhaojin Mining and directly holds a portion of Financial Company's equity. After the transaction is completed, Spaico will pay the consideration within three business days and classify the target shares as investments. This transaction requires approval from independent shareholders and will be submitted at an extraordinary general meeting on November 18, 2024. Zhaojin Mining stated that the terms of this transaction are fair and reasonable, aligning with the overall interests of the company and shareholders.

Zhaojin Mining announced on October 25, 2024 that its wholly-owned subsidiary Spaico and its non-wholly-owned subsidiary Financial Company reached a share transfer agreement. The Financial Company will transfer approximately 1.15% of Weihai Bank's shares to Spaico for about 0.181 billion Hong Kong dollars. This transaction is a related party transaction, as Shandong Zhaojin is the controlling shareholder of Zhaojin Mining and directly holds a portion of Financial Company's equity. After the transaction is completed, Spaico will pay the consideration within three business days and classify the target shares as investments. This transaction requires approval from independent shareholders and will be submitted at an extraordinary general meeting on November 18, 2024. Zhaojin Mining stated that the terms of this transaction are fair and reasonable, aligning with the overall interests of the company and shareholders.