On 12 June 2026, Zijin Mining Group Co., Ltd. announced a downward adjustment to the conversion price of its US$2.00 billion 1.0% guaranteed convertible bonds due 2029, issued through Gold Pole Capital Company Limited.

Effective 17 June 2026, the conversion price will be lowered by HK$0.20 to HK$18.97 per H share from HK$19.17. The change is triggered automatically under the bond terms following the company’s decision to pay a final dividend of RMB3.8 per 10 shares (approximately RMB0.38 per share) for the 2025 financial year, as approved at the 5 June 2026 annual general meeting.

Zijin Mining currently has 26.59 billion shares outstanding, comprising 20.60 billion A shares (including 0.08 billion treasury shares without voting rights) and 5.99 billion H shares. The lower conversion price increases the maximum number of H shares issuable upon full conversion of the bonds from approximately 814.74 million to 823.33 million.

Post-adjustment, the potential dilution impact rises modestly: • As a percentage of existing H shares – from 13.60% to 13.75% • As a percentage of total issued shares – from 3.06% to 3.10% • As a percentage of total issued shares excluding treasury shares – from 3.07% to 3.11%

If fully converted, the bonds would represent about 12.09% of the enlarged H-share capital and roughly 3.00% of the enlarged total share capital (3.01% excluding treasury shares). All other terms and conditions of the convertible bonds remain unchanged.

The board advises investors to exercise caution when dealing in Zijin Mining’s securities.