Chifeng Gold Pushes Back Completion Dates for Controlling Stake Sale and Strategic Investment with Zijin Gold to 30 November 2026

Bulletin Express
Sep 28

Chifeng Jilong Gold Mining Group Limited (Chifeng Gold) has signed two supplemental agreements with counterparties linked to Zijin Mining Group Co., Ltd. (Zijin Gold) to extend key transaction deadlines to 30 November 2026.

The first extension concerns the share transfer agreement covering the sale of shares by Chifeng Gold’s single largest shareholder group—Ms. Li and Zhejiang Hanfeng—to Zijin Gold. All contractual conditions remain unchanged; only the final date for meeting the conditions precedent to closing has been pushed back from the original deadline to 30 November 2026.

Separately, Chifeng Gold and Zijin Gold have agreed to extend the long stop date of their Strategic Investment Agreement—under which Chifeng Gold will issue new H shares to Zijin Gold under a specific mandate—to the same 30 November 2026 cut-off. Apart from the revised timetable, all other material terms of the Strategic Investment Agreement are unchanged.

The Board advises shareholders and potential investors to exercise caution when dealing in Chifeng Gold’s shares.

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