Zangge Mining (000408.SZ) plans to change its actual controller to the Shanghang County Finance Bureau. Trading will resume on January 17th.

Zangge Mining (000408.SZ) announced that on January 16, 2025, the company's controlling shareholder, Zangge Chuangtou, and its concerted action person, Xinsha Hongyun Investment, signed a "Control Transfer Agreement" with Zijin International. Zangge Chuangtou and its concerted action person transferred 2.767 billion shares of the company, accounting for 17.51% of the total share capital, to Zijin International. Xinsha Hongyun Investment transferred 1.156 billion shares of the company, accounting for 7.31% of the total share capital, to Zijin International. In total, 3.92 billion shares were transferred, representing 24.82% of the total share capital of the company. In addition, on January 16, 2025, Zangge Chuangtou issued a "Voting Rights Waiver Commitment Letter" and a "Non-Seeking Control Rights Commitment Letter" for this share transfer, while Xinsha Hongyun issued a "Non-Seeking Control Rights Commitment Letter" for the share transfer. Upon completion of this transaction, the company's controlling shareholder will change from Zangge Chuangtou to Zijin International, and the actual controller will change from Mr. Xiao Yongming to Shanghang County Finance Bureau. The company has applied to the Shenzhen Stock Exchange, and the trading of the company's stock will resume from the morning of January 17, 2025 (Friday).