ZHONGJIN MINING (01818) will publicly issue technology innovation corporate bonds (first tranche) to professional investors in 2025, with a face interest rate of 1.89%.

ZHAOJIN MINING (01818) announced that, with the approval of the China Securities Regulatory Commission's Securities Regulatory License [2025] No. 436, ZHAOJIN MINING Co., Ltd. (hereinafter referred to as the "Issuer") has been permitted to publicly issue corporate bonds to professional investors with a total face value not exceeding RMB 6 billion using a phased issuance method. Among them, ZHAOJIN MINING Co., Ltd. will publicly issue up to 1 billion RMB of Technology Innovation Corporate Bonds (First Tranche) (referred to as "This Tranche Bonds") in 2025. The term of This Tranche Bonds is 5 years. This Tranche Bonds are structured with an investor put option, where bondholders have the right to sell all or part of the This Tranche Bonds to the Issuer at the end of the 3rd year of the term. This Tranche Bonds also have a face rate adjustment option, where the Issuer has the right to decide whether to adjust the face rate for subsequent interest periods at the end of the 3rd year of the term. On November 20, 2025, the Issuer and the lead underwriter conducted a face rate inquiry with professional institutional investors in the privately placed sale. Based on the results of the face rate inquiry with professional institutional investors, the Issuer and the lead underwriter agreed and finalized the face rate for This Tranche Bonds at 1.89%. The Issuer will privately place This Tranche Bonds to professional institutional investors at the above-mentioned face rate from November 21 to November 24, 2025.