Jiangxi Copper (00358) wholly-owned subsidiary officially launches a tender offer to acquire all shares of SolGold plc, becoming effective.

Jiangxi Copper (00358) announced that its wholly-owned subsidiary has officially made a tender offer to acquire all shares of SolGold plc. The ruling made by the UK court on March 2, 2026 (local London time) was filed with the UK Companies Registry on March 4, 2026 (local London time), and the acquisition plan officially took effect on the day of filing. The core asset of the target company, the Alpala deposit in the Cascabel project, has completed a pre-feasibility study, with confirmed, controlled, and inferred resources of 12.2 million tons of copper, 30.5 million ounces of gold, and 102.3 million ounces of silver. The confirmed and inferred reserves are 3.2 million tons of copper, 9.4 million ounces of gold, and 28 million ounces of silver. It is expected that this transaction will significantly increase the company's resource reserves and resource security capabilities, support the company's overseas strategy, and facilitate the company's global resource layout, creating a broader space for the company to achieve high-quality sustainable development and enhance long-term core competitiveness. The target company's mining projects are not yet in production, and significant time, funds, and professional skills are still required for exploration, design, construction, and operation. Please note the investment risks.