JIANGXI COPPER (00358) intends to acquire shares of overseas listed company SolGold Plc.

JIANGXI COPPER (00358) has announced that the company submitted two non-binding cash offers to the board of directors of SolGold Plc (the target company) listed on the London Stock Exchange on November 23, 2025 and November 28, 2025 respectively. The latest non-binding cash offer is proposed to acquire all the shares of the target company at a price of 26 pence per share. The following points are explained regarding the matter: 1. As of the date of this announcement, the company holds 366 million shares of the target company, accounting for approximately 12.19% of its issued shares. 2. The company's current acquisition of the target company's shares is still in the informal offer stage. Both non-binding cash offers have been rejected by the board of directors of the target company. There is uncertainty as to whether the company will make a formal offer to acquire the target company's shares in the future. However, according to the UK City Code on Takeovers and Mergers, the company reserves the right to propose offers in different forms of consideration or different combinations of consideration, and reserves the right to make an offer to the target company on terms that are not less favorable than those contained in the potential acquisition terms in certain common situations. The company also reserves the right to adjust the potential acquisition terms accordingly in case the target company announces, declares, determines to pay, or pays any dividends or other shareholder distributions after the date of this announcement. 3. Furthermore, according to the relevant provisions of the Code, the Company shall, no later than 5:00 pm on December 26, 2025 (London local time, or 1:00 am on December 27, 2025 Beijing time), make a formal offer announcement for the acquisition of the target company's shares or announce abandonment of the acquisition of the target company's shares before that time (the above time limit may be extended according to the relevant laws and regulations of the UK with the approval of the UK Takeover Panel).