Zhaojin Mining Industry Company Limited announced that all resolutions at its 2026 first extraordinary general meeting on 20 March 2026 were passed with near-unanimous support, enabling the group to expand both operating and financing capacity.

Revised silver sales cap • Shareholders approved the revised annual cap under the Framework Agreement for Sales of Silver, with 1.30 billion votes (99.9998%) in favour and 2,500 votes against. • The new limit, detailed in the 3 March 2026 circular, allows the company to sell more silver to connected parties, enhancing monetisation flexibility for its by-product output.

Domestic bond issuance up to RMB20.00 billion • A special resolution authorising registration and issuance of up to RMB12.00 billion in super short-term bonds was carried with 2.48 billion votes (99.9999%) in favour. • A separate special resolution permitting up to RMB8.00 billion in medium-term notes also received 2.48 billion votes (99.9999%) in favour. • Both mandates grant the board full authority to manage the bond registrations and issuances in the Mainland market.

Attendance and voting mechanics • Shareholders holding 2.48 billion shares—69.98% of Zhaojin Mining’s 3.54 billion issued shares—participated in person or by proxy. • No shareholders were required to abstain or voted solely against any resolution. Computershare Hong Kong Investor Services acted as scrutineer.

Board participation • Eight of eleven directors, including Chairman Jiang Guipeng, attended the meeting in person. Three non-executive directors were absent due to other business commitments.

The approvals clear the way for Zhaojin Mining to increase silver off-take volumes and tap up to RMB20.00 billion in onshore debt financing, strengthening both working-capital flexibility and longer-term funding options.