Zangge Mining (000408.SZ) is planning for a change in control, and trading will be suspended starting January 10th.

Announcement by Zangge Mining (000408.SZ): The company has recently received notices from its controlling shareholder, Zangge Chuangtou, and its concerted action persons, as well as from the second largest shareholder, Ningbo Meishan Bonded Port Zone Xinsha Hongyun Investment Management Co., Ltd. ("Xinsha Hongyun Investment"), regarding the planned transfer of shares. It is expected that Zangge Chuangtou and its concerted action persons will transfer shares representing 17.51% of the total share capital of the company, and Xinsha Hongyun Investment will transfer shares representing 7.21% of the total share capital of the company, totaling a transfer of shares representing 24.72% of the total share capital of the company. This matter may involve a change in the company's control. The counterparty in this transaction is Zijin Mining Group Co., Ltd. or its holding subsidiaries. Zijin Mining Group Co., Ltd. is a large mining group mainly engaged in the exploration and development of gold, copper, zinc, and other basic metal mineral resources in the non-ferrous metal industry. The company's stock has been suspended from trading since the morning of January 10, 2025 (Friday), and the suspension is expected to last no more than 2 trading days.