[Global Network Finance Comprehensive Report] According to an announcement released by Zijin Mining,on March 22,Zijin Gold(Group)Co.,Ltd.(Zijin Gold),a wholly-owned subsidiary of the company,signed the Share Transfer Agreement with Li Jinyang,controlling shareholder of Chifeng Jilong Gold Mining Co.,Ltd.("Chifeng Gold"),and Zhejiang Hanfeng Venture Capital Partnership(Limited Partnership)("Zhejiang Hanfeng"),his concerted action person. Under the agreement, Zijin Gold intends to acquire the 242 million A-shares of Chifeng Gold held by the above parties at a price of RMB 41.36 per share, with a total transaction amount of approximately RMB 10.006 billion.
On the same day, Zijin Gold and Chifeng Gold signed the Strategic Investment Agreement, under which Zijin Gold intends to subscribe to the 311 million newly issued H-shares of Chifeng Gold at a price of HK$30.19 per share. The total subscription amount is approximately HK$9.386 billion(equivalent to about RMB 8.252 billion).
In addition, Zijin Mining mentioned that prior to this transaction, other wholly-owned subsidiaries of the company already held 19 million shares of Chifeng Gold.Upon completion of this transaction, the company's wholly-owned subsidiaries will hold a total of 572 million shares of Chifeng Gold, accounting for approximately 25.85% of the total number of shares after the completion of the additional issuance.The company will obtain control of Chifeng Gold and consolidate its financial statements.
According to Chifeng Gold's 2025 Annual Report,as of December 31,2025,Chifeng Gold held consolidated gold resources of 583 tons with an average grade of 1.54g/ton: copper resources of 590,000 tons with an average grade of 2.91%:molybdenum resources of 80,000 tons with an average grade of 0.12%:and rare earth resources of 60,000 tons with an average grade of 286.17g/ton.(Nanmu)