Chifeng Jilong Gold Mining (06693) stock price abnormally fluctuates, planning to issue a total of 311 million H shares to Zijin Gold, with normal and stable business operations.

Chifeng Jilong Gold Mining (06693) announces that the board of directors has noticed recent unusual fluctuations in the company's stock price. After conducting a reasonable inquiry, the board confirms that, as of the date of this announcement, apart from the known reasons mentioned below, it is not aware of any other reasons causing the fluctuations in the stock price, any information that needs to be disclosed to prevent false markets for the company's securities, or any insider information required to be disclosed under the Securities and Futures Ordinance of Hong Kong. On March 22, 2026, Ms. Li Jinyang and Zhejiang Hanfeng Entrepreneurial Investment Partnership (Limited Partnership) entered into a share transfer agreement with Zijin Mining Group Co., Ltd., whereby they conditionally agreed to sell a total of 242 million A shares, and Zijin Mining conditionally agreed to purchase them. On the same day, the company entered into a strategic investment agreement with Zijin Mining, whereby Zijin Mining conditionally agreed to subscribe, and the company conditionally agreed to issue a total of 311 million H shares at a subscription price of HK$29.82 per share (adjusted downwards). The company's main business is gold mining, and the internal production and operation order is currently normal, with no significant changes in the internal and external business environment. Recently, there have been significant fluctuations in the market price of the company's gold products, which is expected to have a certain impact on the company's operational performance. The company has already announced its first quarter performance for 2026 on April 24, 2026. The financial data for the first half of 2026 ending on June 30, 2026 is being calculated, and if the preliminary calculations by the finance department meet the criteria for performance forecast as per the Shanghai Stock Exchange Listing Rules and/or the Listing Rules of the Hong Kong Stock Exchange, the company will disclose the "2026 Interim Performance Forecast" in a timely manner in accordance with relevant regulations. As of the date of this announcement, apart from the above disclosed matters, the board confirms that the group's business operations are normal and stable, the core business is progressing smoothly, and there are no major issues requiring disclosure that have attracted the attention of the board and company management.