LINGBAO GOLD (03330) obtains 16 million shares of non-executive director and controlling shareholder Wang Guanran.

LINGBAO GOLD (03330) has announced that the Board of Directors has been informed by the non-executive director and controlling shareholder Mr. Wang Guanran, of his intention to use his own funds to acquire and increase his holdings in the company by up to 16 million H shares within approximately 12 months from the date of the announcement. Mr. Wang plans to make these purchases on the open market based on his recognition of the company's value and confidence in its future business development and growth potential. He may continue to increase his holdings in the company based on market conditions and regulatory requirements. As of the date of the announcement, Mr. Wang indirectly holds 489 million H shares in the company, representing approximately 35.50% of the total issued share capital of the company (excluding any treasury shares and H shares that have been repurchased but not yet cancelled). Based on the information available to the company and to the directors' knowledge and belief, if the acquisition plan is fully implemented, the company will still maintain a sufficient level of public shareholding of its issued shares. The Board of Directors believes that this acquisition plan reflects Mr. Wang's long-term commitment to the company and his strong confidence in the company's value and long-term growth prospects.