Hong Kong Gold Industry Group (02623.HK): Termination of Acquisition of 20% Equity in Guixi Baojia

Zhitong Finance APP News, Hong Kong Gold Industry Group (02623.HK) announced that, in relation to (among other things) the establishment of Jiangxi United Enterprise Management Center (Limited Partnership) and its acquisition of a 20% equity interest in Guixi Baojia Mining Co., Ltd., which is engaged in the mining and processing of non-ferrous metals such as silver, lead and zinc. As a limited partner of the partnership, the Group 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.