Zijin Mining : (H Share)Announcement in relation to the Completion of Repurchase of H Shares and Change of Business Registration

Announcement in relation to the Completion of Repurchase of H Shares and Change of Business Registration

At the 2014 annual general meeting, the first A Shareholders' class meeting in 2015 and the first H Shareholders' class meeting in 2015 convened by Zijin Mining Group Co., Ltd.* (the "Company") on 11 May 2015, a resolution in relation to the proposal to grant a general mandate to the board of directors of the Company to repurchase H shares was approved. The board of directors was authorised to, subject to approval(s) of the relevant regulatory authorities being obtained and in compliance with the laws, administrative regulations and articles of association of the Company, decide to repurchase H shares not exceeding 10% of the total number of H shares in issue at the time when the relevant resolution was passed in a timely manner within the relevant authorisation period. The board of directors was authorised, including but not limited to, determine the timing of repurchase, number of H shares to be repurchased, repurchase price, open overseas share accounts and carry out related foreign exchange registration procedures, notify creditors and issue announcements, carry out filings with the relevant regulatory departments (if necessary), carry out cancellation procedures for repurchased shares, amend the articles of association and handle the change of business registration, approve and execute other documents and matters related to the share repurchase. The authorisation period expired on the day of convening the annual general meeting of the Company for 2015.

After the above general mandate being granted, the board of directors of the Company issued announcements to creditors on 11 May 2015, 27 May 2015 and 5 June 2015 respectively. Having received no disagreement from creditors, the Company started the implementation of initial repurchase on 9 June 2015. As at 13 January 2016, the Company repurchased 32,070,000 H shares in total, representing 0.556% and 0.149% of the total number of H shares and total number of issued shares (A shares + H shares) of the Company respectively. The total amount paid was HK$86,165,000 (excluding commission and other expenses). The change of the Company's shareholding structure before and after the repurchase is as follows:

Before the change		Change	After the change
Number of shares	Proportion	Number of shares	Proportion
A Shares	15,803,803,650	73.26%	15,803,803,650	73.37%
H Shares	5,769,010,000	26.74%	-32,070,000	5,736,940,000	26.63%
Total number of shares	21,572,813,650	100%	-32,070,000	21,540,743,650	100%

The Company has completed the change of business registration process recently and obtained the business license issued by Administration for Industry and Commerce of Fujian. The total number of shares of the Company decreased by 32,070,000, and the registered capital decreased by RMB3,207,000. After the deduction, the total number of shares of the Company is 21,540,743,650, and the registered capital is RMB2,154,074,365.

This announcement is made on a voluntary basis.

Investors and shareholders are advised by the board of directors to exercise caution when dealing in the shares of the Company.

Fujian, the PRC, 27 July 2016

*The Company's English name is for identification purpose only