Shandong Gold Mining Co., Ltd. (SHSE:600547) agreed to acquire Xiling Gold Mine Exploration Right from Shandong Gold Geological And Mineral Exploration Co., Ltd. for CNY 10.3 billion on January 26, 2024. The consideration consists of CNY 6.7 billion in cash, and remaining in differed payment. The Company intends to pay the consideration with the its self-owned funds and self raised funds.

Lego Corporate Finance Limited acted as a financial advisor to Shandong Gold Mining. Transaction is subject to Shandong Gold Mining shareholders approval, and competent authorities approvals.