

Core Viewpoint - Shandong Gold's shareholders transferred shares worth HKD 928 million to the Hong Kong Stock Connect, representing 3.43% of the total shares [1] Group 1: Shareholder Activity - On September 4, shareholders of Shandong Gold transferred shares from HSBC to the Hong Kong Stock Connect, with a market value of HKD 928 million [1] - The transfer indicates a strategic move by shareholders to enhance liquidity and access to mainland investors [1] Group 2: Share Placement - Shandong Gold announced a share placement agreement with placement agents to issue up to 136.5 million shares at a price of HKD 28.58 per share [1] - The placement price represents an approximate discount of 8.98% compared to the closing price of HKD 31.40 on September 1, 2025 [1]