Core Viewpoint - The strategic cooperation between Zhaojin Mining and Ant Group's SigmaLayer aims to leverage blockchain and artificial intelligence technologies to enhance the digitalization of overseas gold assets and improve supply chain and risk control systems [1][2] Group 1: Strategic Cooperation Details - Zhaojin Mining's wholly-owned subsidiary, Hong Kong Zhaojin Mining, has signed a strategic cooperation memorandum with SigmaLayer, a member of Ant Group's technology commercialization sector [1] - The cooperation will focus on multiple areas, including the digitalization and tokenization of overseas gold assets, AI-driven smart supply chains, and sustainable development initiatives [1] - Any specific activities or projects resulting from this memorandum will require formal agreements and must adhere to compliance and safety standards [1] Group 2: Industry Implications - The partnership is seen as a response to the national strategy for developing the digital economy and represents a strategic choice for Zhaojin Mining to position itself in the digital technology sector [2] - This collaboration is expected to strengthen Zhaojin Mining's position in the mining industry while aiding Ant Group in deepening the application of AI and blockchain technologies [1][2] - Anticipated synergies from this partnership are expected to create new growth opportunities for both parties involved [1]

Core Insights - The company, Zhaojin Mining (01818), has entered into a strategic cooperation memorandum with SigmaLayer Company Limited, a member of Ant Group's technology commercialization sector, to explore applications of blockchain and artificial intelligence in various fields [1][2] - The collaboration aims to digitalize and tokenize overseas gold assets, develop AI-driven smart supply chains and risk control systems, and enhance value delivery in sustainable development and ESG areas [1] - This partnership is expected to leverage the strengths of both parties, combining Ant Group's expertise in AI and blockchain with Zhaojin's mining industry experience, creating new growth opportunities and significant synergies [1] Company Strategy - The board of directors views this strategic cooperation as a response to the national digital economy development strategy and a strategic choice for the company to leverage its industrial advantages and proactively engage in the digital technology sector [2] - The cooperation aligns with the overall interests of the company and its shareholders, indicating a forward-looking approach to industry trends [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1818） 自願性公告 與螞蟻數科訂立戰略合作備忘錄 本公告乃由招金礦業股份有限公司（「本公司」）自願作出。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二五年十一月三日，本公 司全資附屬公司香港招金礦業有限公司（「香港招金」）與SigmaLayer Company Limited（「SigmaLayer」，螞蟻集團科技商業化板塊（「螞蟻數科」）旗下成員公 司）訂立戰略合作備忘錄（「備忘錄」）。 根據備忘錄，本集團與螞蟻數科將基於區塊鏈及人工智能核心技術的應用， 於多個領域建立戰略合作關係，包括構建及探索海外黃金資產數字化與通證 化；以AI人工智能驅動的智能供應鏈與風險控制系統；以及在可持續發展與環 境、社會及管治領域實現可信賴的價值 ...

Core Viewpoint - The Hong Kong gold stocks experienced a collective decline, influenced by a drop in spot gold prices and new tax policies announced by the Chinese government, which aim to regulate excessive speculation in the gold market [1]. Group 1: Market Performance - Chinese gold stocks such as China Gold International, Shandong Gold, and Zijin Mining saw declines exceeding 4%, 3%, and 3% respectively [1]. - Spot gold prices fell below $3970 per ounce, marking a decrease of 0.84% [1]. - The latest prices and percentage changes for various gold stocks are as follows: - China Gold International: $126.100, -4.03% - Shandong Gold: $31.600, -3.36% - China Silver Group: $0.610, -3.17% - Zijin Mining: $127.700, -2.82% [1]. Group 2: Regulatory Changes - The Ministry of Finance and the State Taxation Administration of China announced new tax policies regarding gold, effective from November 1, 2025, until December 31, 2027 [1]. - The new policies are designed to curb excessive speculation in gold trading and to better reflect market demand through tax leverage and investment usage explanations [1]. Group 3: Expert Commentary - Professor Gong Xiuguo from Sichuan University highlighted the risks associated with the influx of investors into the gold market amid global uncertainties and high gold prices [1]. - The new tax policies are expected to mitigate speculative trading and provide a more accurate representation of market demand [1].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 招金礦業股份有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 660,837,607 RMB | | | 1 RMB | | 660,837,607 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 660,837,607 RMB | | | 1 RMB | | 660,837,607 | | 2. 股份分類 | 普通股 | 股份類別 | ...

Core Viewpoint - Zhaojin Mining (01818) announced the redemption of its 2023 third tranche medium-term notes on November 28, 2025, at face value plus accrued interest [1] Group 1 - Zhaojin Mining Co., Ltd. has issued medium-term notes with an issuer redemption right [1] - The specific bond referred to is the 2023 third tranche medium-term notes, abbreviated as 23 Zhaojin MTN003, with bond code 102383186.IB [1] - The redemption will occur on the second interest payment date of the bond [1]

Core Viewpoint - Zhaojin Mining (01818) announced the redemption of its 2023 third tranche medium-term notes on November 28, 2025, at face value plus accrued interest [1] Group 1 - Zhaojin Mining Co., Ltd. has issued medium-term notes with an issuer redemption right [1] - The redemption will occur on the second interest payment date of the bonds [1] - The specific bond details include the name "23 Zhaojin MTN003" and the code "102383186.IB" [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 截至本公告日期，董事會成員包括： 執行董事： 姜桂鵬先生、段磊先生、王立剛先生及王培武先生 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1818） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列招金礦業股份有限公司於2025年10月31日在中國貨幣(www.chinamoney.com.cn) 及上海清算所網站(www.shclearing.com.cn)所刊登的《招金礦業股份有限公司 2023年度第三期中期票據贖回選擇權行使公告》，僅供參考。 特此公告。 承董事會命 招金礦業股份有限公司 姜桂鵬 董事長 中國招遠，2025年10月31日 非執行董事： 龍翼先生、李廣輝先生及欒文敬先生 獨立非執行董事： 陳晉蓉女士、蔡思聰先生、魏俊浩先生及申 ...

Group 1: Global Gold Demand Trends - In Q3 2025, global central banks accelerated gold purchases, totaling 220 tons, a 28% increase from Q2 and a 10% increase year-on-year [1] - The total net gold purchases by central banks for the first three quarters of 2025 reached 634 tons, significantly above the average levels prior to 2022, despite being lower than the exceptionally high levels of the past three years [1] - Factors driving gold demand include persistent inflation pressures and uncertainties in global trade policies, leading investors to seek safe-haven assets [1] Group 2: Federal Reserve Actions - The Federal Reserve announced a 25 basis point rate cut to 3.75%-4.00% and plans to end quantitative tightening (QT) in December, signaling marginal improvements in liquidity [2] - Despite the rate cut, Fed Chair Powell indicated that further rate cuts in December are not guaranteed, which dampened market expectations for continued easing and maintained a hawkish tone [2] - The tightening of short-term liquidity is pushing up overnight and repo rates, which may suppress gold price elasticity in the short term [2] Group 3: Gold ETF Performance - As of October 30, 2025, the gold stock ETF fund has seen a net value increase of 43.75% over the past six months, ranking among the top two comparable funds [4] - The fund has a historical average monthly return of 9.45% and a 100% probability of profit over a one-year holding period [4] - The fund's management fee is 0.50% and the custody fee is 0.10%, with a Sharpe ratio of 1.73, indicating higher returns for the same level of risk compared to peers [5] Group 4: Market Activity and Stock Performance - As of October 31, 2025, the CSI Hong Kong-Shenzhen Gold Industry Stock Index fell by 0.24%, with mixed performance among constituent stocks [3] - Notable gainers included Hunan Gold, which rose by 7.44%, while Jiangxi Copper led the declines with a drop of 4.12% [3] - The gold stock ETF fund experienced a net outflow of 316.68 million yuan, with a total inflow of 1.80781 billion yuan over the last 16 trading days [3]

Core Viewpoint - The rise in gold prices has led to a collective increase in Hong Kong's gold stocks, with significant gains observed across various companies in the sector [1] Group 1: Market Performance - Gold stocks in Hong Kong experienced notable increases, with China Silver Group rising by 7%, Zijin Gold International by over 6%, and Zijin Mining by nearly 4% [1] - Other companies such as China National Gold International and Zhaojin Mining saw increases of 3.3%, while Chifeng Jilong Gold, Shandong Gold, and Lingbao Gold all rose by over 1% [1] Group 2: Gold Price Movement - Gold prices in Asia rose, with spot gold increasing by 0.5% to $3,949.47 per ounce, following a dip after Federal Reserve Chairman Jerome Powell's speech [1] - Powell's remarks suggested that a rate cut in December is not guaranteed, which may limit the extent of gold price increases [1] Group 3: Future Outlook - According to Metals Focus, the overall trend for precious metals is expected to be strong in 2025, with gold prices having risen 66% year-to-date and reaching a peak of over $4,380 per ounce [1] - Concerns regarding the sustainability of U.S. debt, a weakening dollar, increased gold purchases by central banks, and rising expectations for Fed rate cuts are driving the bullish outlook for gold prices, which are anticipated to continue rising and set new records in 2026 [1]