Lingbao Gold announced that its Board of Directors may utilize the general mandate approved by shareholders at an extraordinary general meeting held on September 17, 2025. This authorization permits the company to repurchase up to 10% of its issued H-shares, totaling a maximum of 111 million shares, excluding any treasury shares. The Board has resolved that, under the terms of the existing buyback mandate and subject to its renewal at the annual general meeting scheduled for May 19, 2026, the company may repurchase up to 6.9109 million H-shares in the open market between the date of this announcement and the conclusion of the 2027 annual general meeting. This quantity represents approximately 0.50% of the total issued share capital and 0.58% of the total issued H-shares as of the announcement date. The repurchases will be funded from the company's available capital. Any H-shares bought back are expected to be used for purposes including, but not limited to, employee incentive plans, in compliance with applicable laws and regulations. According to listing rules, the actual repurchase price per H-share must not exceed the average closing price of the H-shares over the five trading days immediately preceding each repurchase by more than 5%.