Zijin Mining : (H Share)Indicative Announcement in relation to a Shareholder Reducing Shareholding from Over 5% to Below 5%
June 28, 2016 at 05:10 am EDT
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Indicative Announcement in relation to a Shareholder Reducing Shareholding from Over 5% to Below 5%
Overview of the change in shareholding
Zijin Mining Group Co., Ltd.* (the "Company") received a notice regarding the reduction of shareholding submitted by its shareholder, Xinhuadu Industrial Group Co., Ltd. ("Xinhuadu"), on 28 June 2016. On 27 June 2016, Xinhuadu reduced its shareholding of the Company's non-restricted tradable shares by 375,639,800 shares, representing approximately 1.74% of the total number of shares of the Company, through the block trading system of Shanghai Stock Exchange.
Before the above shareholding reduction, Xinhuadu held 1,435,406,572 non-restricted tradable shares of the Company, representing approximately 6.66% of the total number of shares of the Company; Mr. Chen Fashu (a major shareholder of Xinhuadu) held 15,116,290 non-restricted tradable shares of the Company, representing approximately 0.07% of the total number of shares of the Company; both of them collectively held 1,450,522,862 non-restricted tradable shares of the Company, representing approximately 6.73% of the total number of shares of the Company.
After the above shareholding reduction, Xinhuadu and Mr. Chen Fashu are holding 1,059,766,772 and 15,116,290 non-restricted tradable shares of the Company respectively, representing approximately 4.92% and 0.07% of the total number of shares of the Company respectively. Both of them collectively are holding 1,074,883,062 non-restricted tradable shares of the Company, representing approximately 4.99% of the total number of shares of the Company.
Relevant issues ensuing the change in shareholding
The change in shareholding will not lead to changes in the Company's major shareholder or actual controller;
Xinhuadu, as the information disclosure obligor for the change in shareholding, has disclosed a simplified report on change in shareholding. For details, please refer to the "Simplified Report on Change
in Shareholding of Zijin Mining Group Co., Ltd.*" published on the website of Shanghai Stock Exchange (www.sse.com.cn) on 29 June 2016.
This announcement is made by the Company on a voluntary basis.
Investors and shareholders are advised by the board of directors of the Company to exercise caution when dealing in the shares of the Company.
Fujian, the PRC, 28 June 2016
*The Company's English name is for identification purpose only
Zijin Mining Group Company Ltd. published this content on 28 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 June 2016 09:10:03 UTC.
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Zijin Mining Group Company Limited is specialized in exploring and mining gold and metal deposits. Net sales are divided by product family as follows:
- gold (45.1%): in particular, gold bars and gold concentrates (319.3 tons produced in 2021);
- copper (24.3%): electrodeposited copper, copper cathode, and copper concentrates (1,205.5 kt produced);
- metal concentrates (3.8%): zinc, tungsten, lead and iron concentrates;
- zinc (2.9%): in particular, zinc bars;
- other (23.9%): sulfuric acid, copper, silver and iron plates, etc.
79% of the net sales are conducted in China.