Zijin Mining Group Company Limited (SEHK:2899) signed an agreement to acquire 15.02% stake in Fujian Longking Co., Ltd. (SHSE:600388) from Longjing Industrial Investment Group Co., Ltd., Tibet Yango Hongrui Industry and Trade Co., Ltd. and Tibet Yango Ruize Industrial Co., Ltd. for CNY 1.7 billion on May 8, 2022. As per the transaction, Zijin Mining Group Company Limited will acquire 160.58 million shares at CNY 10.8 per share. Zijin Mining Group Company Limited will acquire 109.06 million shares (10.2%), 30.019 million shares (2.81%) and 21.50 million shares (2.01%) from Longjing Industrial Investment Group Co., Ltd., Tibet Yango Hongrui Industry and Trade Co., Ltd. and Tibet Yango Ruize Industrial Co., Ltd. respectively. Post completion, Longjing Industrial Investment Group Co., Ltd., Tibet Yango Hongrui Industry and Trade Co., Ltd. and Tibet Yango Ruize Industrial Co., Ltd. will hold 84.31 million shares (7.89%), 22.807 million shares (2.13%) and 0% stake respectively. The board of directors of Fujian Longking Co., Ltd. will be restructured. It is proposed that its board of directors shall consist of 11 persons, including 7 non-independent directors and 4 independent directors. Zijin Mining Group Company Limited can recommend 5 non-independent director candidates. The Board of Directors of Zijin Mining Group Company Limited has unanimously approved the transaction.

Zijin Mining Group Company Limited (SEHK:2899) completed the acquisition of a 15.02% stake in Fujian Longking Co., Ltd. (SHSE : 600388) from Longjing Industrial Investment Group Co., Ltd., Tibet Yango Hongrui Industrial & Trade Co., Ltd. and Tibet Yango Ruize Industrial Co., Ltd. on May 30, 2022.