On 29 September 2026, Shandong Gold Mining Co., Ltd. (SD GOLD) disclosed that Chairman Wang Chenglong has formally proposed a share-repurchase program targeting the company’s on-shore A shares.

The draft plan authorises SD GOLD to deploy between RMB300.00 million and RMB400.00 million to acquire its own A shares via centralized bidding on the Shanghai Stock Exchange. The maximum repurchase price is capped at 150% of the average trading price over the 30 trading days preceding board approval. Funding will come from the company’s self-owned and self-raised resources.

All shares bought back will be cancelled, leading to a corresponding reduction in registered capital. The proposal cites confidence in SD GOLD’s long-term prospects, the intention to safeguard shareholder interests, bolster investor confidence and support share-price stability.

If approved by both the board and shareholders, the repurchase window will remain open for up to 12 months. Chairman Wang has not traded SD GOLD shares in the past six months and currently has no plans to alter his personal holdings during the program; he has committed to vote in favour of the proposal.

Management cautions that the buyback is contingent on regulatory and shareholder approvals, and that final terms may differ from the current outline, advising investors to monitor subsequent disclosures for updates.