Shandong Gold Mining Co., Ltd. (SD GOLD) announced that its board has nominated Professor Gao Yongtao as an independent non-executive director (INED) for the company’s seventh board session. The appointment will take effect upon shareholder approval at an upcoming extraordinary general meeting and will run to the end of the current board’s term.
Gao Yongtao, born December 1962, holds a doctoral degree and is a national second-level professor and safety expert at the National Mine Safety Administration. He currently teaches and supervises doctoral candidates at the University of Science and Technology Beijing and serves as chairman of Beijing Anke Xingye Technology Co., Ltd. (NEEQ: 835578) and as an independent director of Zhongjin Gold Corporation Limited (SSE: 600489). Over his career, he has received multiple national and provincial science and technology awards, including two Second Prizes for National Science and Technology Progress.
During 31 December 2020–14 August 2025, Gao acted as a special advisor to SD GOLD’s sixth board, providing non-binding technical and academic guidance for an annual advisory fee of RMB0.30 million. This arrangement has been terminated.
The Board and its Nomination Committee have confirmed Gao’s independence, noting that: • He offered advice in a personal capacity, without issuing formal professional opinions or reports. • He holds no material interests in, nor has he conducted material transactions with, SD GOLD or its connected persons. • He has not assumed any management role within the Group. • The consultancy fees received represented an immaterial portion of his personal income. • He meets all independence criteria under Rules 3.13(1)-(8) of the Hong Kong Listing Rules.
Upon shareholder approval, SD GOLD will sign a service contract with Gao, remunerating him with an annual director’s allowance of RMB0.30 million (pre-tax), aligned with the remuneration plan approved at the 2025 annual general meeting on 15 June 2026.
The company will issue a circular with full details of the proposal and the extraordinary general meeting notice in due course.