Zijin Mining Group (02899) subsidiary Zijin Xiamen Equity contributes RMB 1 billion to participate in the Times Shenyuan Fund.

Zijin Mining Group (02899) announces that on September 15, 2026, Zijin Xiamen Equity, a wholly-owned subsidiary of the Company, entered into a partnership agreement with Xiamen Puquan, Kunkun Investment and other partners, pursuant to which Zijin Xiamen Equity, as one of the limited partners, participates in the investment in the Times Shenyuan Fund, with a subscribed capital contribution of RMB 1 billion, representing a 20.4081% subscription ratio in the Fund. Kunkun Investment is one of the limited partners of the Times Shenyuan Fund, with a subscribed capital contribution of RMB 200 million, representing a 4.0816% subscription ratio in the Fund. As the actual controller of Kunkun Investment is Mr. Chen Jinghe, the former chairman of the Company, and as of the date of this announcement, it has been less than 12 months since he stepped down from the position of chairman of the Company, pursuant to the relevant provisions of the Shanghai Listing Rules, Mr. Chen Jinghe remains a connected natural person of the Company, and Kunkun Investment controlled by him is a connected legal person of the Company. This investment constitutes a connected transaction of joint investment with a connected person of the Company. Zijin Xiamen Equity participates in this investment as a limited partner, aiming to leverage the research capabilities and project resources of professional investment institutions to track the development trends of frontier technologies such as artificial intelligence and embodied intelligence, with a focus on application opportunities of the above technologies in the Company's core business scenarios including resource exploration, intelligent mine construction, mineral processing and smelting process optimization, safety production management and operational decision-making, so as to reserve external resources for the Company's digital and intelligent transformation and technological innovation. The Company is a large multinational mining group engaged primarily in the exploration and development of metal mineral resources such as copper, gold, lithium, zinc, silver and molybdenum on a global scale. The participation of Zijin Xiamen Equity as one of the limited partners in the subscription of the Times Shenyuan Fund will help expand the Company's layout in resource exploration, intelligent mine construction, mineral processing and smelting process optimization, safety production management and other aspects. Accordingly, the directors, including the independent non-executive directors, consider that the terms of the transaction were reached on the principles of fairness and reasonableness, and the partnership agreement was entered into in accordance with general commercial terms and in the ordinary course of business of the Company, and is in the overall interests of the Company and its shareholders.