Zijin Mining Group (02899) plans to spin off Zijin Gold International and list it on the main board of the Hong Kong Stock Exchange.

Zijin Mining Group (02899) announced that it will accelerate the internationalization process of its gold sector, aiming to create a world-class international gold listed company. Zijin Mining Group plans to restructure its overseas gold mining assets under its fully-owned subsidiary in Hong Kong, Zijin Gold International Company Limited, and apply to list Zijin Gold International on the main board of the Hong Kong Stock Exchange. The companies to be consolidated under Zijin Gold International include several world-class large-scale gold mines, mainly located in South America, Central Asia, Africa, and Oceania. The restructuring process is currently underway. The spin-off of the gold assets for listing is expected to reassess the value of the gold assets and benefit the overall interests of the company. The spin-off listing will not affect Zijin Mining Group's control over its overseas gold assets, as Zijin Gold International will remain a holding subsidiary within Zijin Mining Group's consolidated financial statements. All assets involved in the spin-off are overseas gold mining assets, and in the context of significant changes in the gold pricing logic and substantial price increases, the spin-off listing is expected to create greater value for the company and shareholders. On April 29, 2025, Zijin Mining Group held the 8th meeting of the 2025 Board of Directors to approve the proposal for planning the spin-off listing of overseas subsidiaries. They agreed to start the pre-listing preparation work and will submit the relevant proposals and other matters related to the spin-off listing to the company's board of directors and shareholders for approval after the completion of the spin-off listing plan.