Shanghai Construction Group Co.,Ltd. (600170.SH): Increased Gold Mine Resource Reserves at Koka Mine Previously Disclosed Information, Not Recent News

Stock News09-15

Shanghai Construction Group Co.,Ltd. (600170.SH) announced that its stock experienced abnormal price fluctuation, with cumulative closing price increases reaching 20% over three consecutive trading days on September 11, 12, and 15, 2025.

Recent media reports highlighted positive developments at the Koka gold mine owned by Zara Mining Company, a 60% controlled subsidiary of Shanghai Construction Group Co.,Ltd., stating that the gold mine's resource reserves had increased. Upon investigation, this information originated from the company's announcement titled "Shanghai Construction Group's Announcement Regarding Gold Mine Resources of Zara Mining Company" (Announcement No. Lin 2020-066) disclosed on August 27, 2020. This information represents previously disclosed data and does not constitute recent news.

The company's gold business revenue accounts for a relatively small proportion of total operating revenue, historically representing less than 0.5% of total revenue, thus having minimal impact on the company's production and operations. Additionally, gold mining projects involve extended extraction periods, and factors such as ore grade and annual extraction volumes carry significant uncertainties, along with potential instabilities related to overseas environmental and policy factors.

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