Hong Kong Gold Industry Group: Termination of the Acquisition of a 20% Equity Interest in Guixi Baojia Mining

On the morning of November 3, Hong Kong Gold Industry Group announced on the Hong Kong Stock Exchange that, regarding the establishment of Jiangxi United Enterprise Management Center and its acquisition of a 20% equity interest in Guixi Baojia Mining Co., Ltd., the Group, as a limited partner of the partnership, was informed by the partnership on November 2, 2026 that, because the partnership and Lanxiang Mining were unable to reach agreement on certain commercial terms of the Baojia acquisition, no formal equity transfer agreement could be entered into in respect thereof, and after friendly negotiations, the parties mutually agreed on November 2, 2026 to enter into a termination agreement to terminate the letter of intent and the Baojia acquisition. As the partnership's primary purpose in establishing the partnership was to jointly invest in Guixi Baojia, the Group, together with the other partners of the partnership, has mutually agreed to dissolve the partnership and, before completing the necessary procedures for dissolution, to reduce the partnership's total registered capital to RMB 1 million to cover the expected costs of dissolution. The Board believes that the termination will not have any material adverse impact on the Group's financial performance and operations.