Shangshan Gold (1939) Controlling Shareholder Reduces Stake

Bulletin Express12-04

Shangshan Gold International Holdings Limited (the “Company”) announced that on 2 December 2025, Mr. Huang Shikun, an executive director and Chairman of the board, disposed of 41,408,000 ordinary shares of the Company through ESSA Financial Group Limited, a wholly owned entity of Mr. Huang. This disposal represents approximately 8.09% of the Company’s total issued share capital as of the date of the announcement.

Immediately following the disposal, Mr. Huang’s overall shareholding decreased from 334,157,278 shares (about 65.28%) to 292,749,278 shares (about 57.19%), although he remains the controlling shareholder of the Company. The board stated that the disposal is not expected to have any adverse effect on the Group’s business operations and advised shareholders and potential investors to exercise caution in dealing in the Company’s securities.

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