Zheng Quan Zhi Xing·2025-08-05 16:33Core Viewpoint - Yunnan Copper Industry Co., Ltd. plans to acquire a 40% stake in Liangshan Mining Co., Ltd. from Yunnan Copper (Group) Co., Ltd. through a share issuance, while raising matching funds by issuing shares to China Aluminum Corporation and China Copper Corporation [1] Group 1: Transaction Overview - The transaction involves Yunnan Copper acquiring a significant stake in Liangshan Mining, which is expected to enhance its operational capacity and market position [1] - The independent financial advisor, CITIC Securities, conducted a review of stock trading activities related to the transaction and found no evidence of insider trading that would obstruct the deal [2][6] Group 2: Self-Inspection Period and Findings - The self-inspection period for the transaction spans from November 12, 2024, to July 21, 2025, covering the six months prior to the disclosure of the restructuring report [2] - During the self-inspection, individuals associated with the transaction, such as Jiang Hua and Chen Lei, engaged in buying and selling Yunnan Copper shares, with a total of 4,600 shares bought and sold by each [2][3] Group 3: Commitments and Compliance - Jiang Hua and Chen Lei committed to not engaging in further trading of Yunnan Copper shares until the transaction is completed or terminated, ensuring compliance with relevant laws and regulations [3][4] - CITIC Securities also confirmed that its trading activities were based solely on publicly available information and did not involve any insider information related to the transaction [5][6]