Zijin Mining Sets 2025 Dividend, Tables RMB 100 Billion Debt Mandate and New ESOP for Shareholders’ Vote

Zijin Mining has released its 2025 AGM circular, detailing ten key resolutions to be put to shareholders on 5 June 2026 in Fujian.

Dividend and Return Framework • FY25 final cash dividend proposed at RMB 0.38 per share (RMB 3.80 per 10 shares), totalling RMB 10.08 billion. • Together with the RMB 0.22 per share interim payout completed on 30 September 2025, full-year cash distribution will reach RMB 15.92 billion, equal to 31% of FY25 attributable net profit. • For 1H26, the Board seeks authority to pay no less than RMB 0.38 per share. • A three-year (2026-2028) policy pledges cumulative cash dividends of at least 35% of aggregated distributable profit.

2025 Operating Highlights • Net profit attributable to shareholders climbed 61.9% year-on-year to RMB 51.80 billion. • Net assets attributable to shareholders rose 32.9% to RMB 185.50 billion; weighted ROE reached 33%, up 7 ppts; net gearing fell to 52%.

Executive Remuneration • Based on 2025 performance, the incentive-salary coefficient for executive directors and the supervisory committee chair is set at 1.0. Payments will follow shareholder-approved formulas.

Capital Management Proposals • Debt: Board seeks a fresh general mandate to issue on- and offshore debt instruments of up to RMB 100 billion (outstanding balance currently RMB 59.39 billion). • Equity: Separate mandate requested to issue up to 20% of existing A and/or H share capital, including any treasury share sales. • Guarantees: Authorisation to provide guarantees totalling up to RMB 14.11 billion for high-geared non-wholly owned subsidiaries, JVs and associates during 2026. • Derivatives: Financial-segment subsidiaries may deploy up to RMB 300 million and USD 100 million (combined) in futures and other derivatives, with maximum loss limits of RMB 50 million and USD 5 million.

Employee Stock Ownership Scheme (ESOP) 2026 • Transfer of up to 77.47 million repurchased A shares (0.29% of capital) to an ESOP at RMB 19.36 per share (60% of average buy-back cost). • Funding cap: RMB 1.50 billion; participation limited to 4,500 employees. • Directors and senior management may hold up to 12.2% of units; no individual may exceed 1 million shares (~0.004% of capital). • Appraisal period: 36 months (2026-2028); vesting requires average ROE ≥ 15% and individual appraisal grade B or above. • Scheme duration: 60 months; unvested shares are forfeitable.

Other Items • Re-appointment of Deloitte Touche Tohmatsu as 2026 auditor; expected fee between RMB 10 million and RMB 12 million. • AGM will vote on authorising subsidiaries’ 2026 guarantee plan and derivative trading framework.

Meeting Details • AGM: 5 June 2026, 9:00 a.m., Zijin Headquarters, Fujian. • H-share register closes 2–5 June; record date 5 June. Proxy forms must reach Computershare Hong Kong Investor Services by 9 a.m. on 4 June.

All resolutions require shareholder approval; connected directors and senior managers participating in the ESOP will abstain from voting on the scheme-related proposals.