Zijin Gold International Company Limited (Stock code: 2259) announced that on 20 February 2026, its indirect non-wholly owned subsidiary Altynken LLC entered into the 2026 Altynken Sales Agreement with Kyrgyzaltyn JSC. Under this agreement, Altynken LLC will sell gold products to Kyrgyzaltyn JSC for further processing during 1 January 2026 to 31 December 2026. The annual cap is set at 4 tonnes of gold, matching the previous year’s cap.

Kyrgyzaltyn JSC is a 40% shareholder of Altynken LLC, making it a connected person at the subsidiary level. The 2026 Altynken Sales Agreement is therefore classified as a continuing connected transaction, subject to reporting, annual review, and announcement requirements but exempt from independent shareholders’ approval. The board of directors, including independent non-executive directors, confirmed that the terms are fair, reasonable, and in the ordinary course of business.

Historical data show that Altynken LLC received US$250.93 million, US$279.82 million, and US$385.89 million from sales under similar arrangements in 2023, 2024, and 2025, respectively, corresponding to gold sales volumes of 4.08 tonnes, 3.70 tonnes, and 3.54 tonnes. From 1 January 2026 to 31 January 2026, no gold products were sold.

A waiver was granted allowing the annual cap to be specified by volume instead of monetary value, due to price fluctuations in the global gold market. The agreement’s pricing references the market price in the London Bullion Market Association, with certain deductions for refining and processing fees. Kyrgyzaltyn JSC remains the only qualified gold processor in Kyrgyzstan to produce ingots acceptable to the National Bank of Kyrgyzstan, enabling Altynken LLC to continue meeting local market requirements.