Core Viewpoint - Jiangxi Copper is pursuing a non-binding cash offer to acquire all shares of SolGold Plc, with the latest offer priced at 26 pence per share, approximately 2.43 RMB [2][3] Group 1: Acquisition Details - Jiangxi Copper submitted two non-binding cash offers to SolGold's board on November 23 and November 28, 2025 [2] - The latest offer aims to acquire all shares of SolGold at a price of 26 pence per share [2] - SolGold is an exploration and development company with its core asset being the Cascabel project in Ecuador, which has significant mineral resources [2] Group 2: Financial Transactions - In March 2025, Jiangxi Copper's wholly-owned subsidiary acquired 157 million shares of SolGold, representing 5.24% of its issued shares, for a total consideration of 18.0712 million USD, approximately 130 million RMB [3] - Following this transaction, Jiangxi Copper holds a total of 366 million shares in SolGold, amounting to 12.19% of its issued shares, making it the largest single shareholder [3] Group 3: Future Plans and Uncertainty - Jiangxi Copper expressed intentions to provide technical consulting services for SolGold's Cascabel project, contingent upon reaching an agreement with SolGold [3] - The acquisition process is still in the non-binding offer stage, and both offers have been rejected by SolGold's board, leaving the possibility of a formal offer uncertain [3]

Core Viewpoint - Jiangxi Copper has made two non-binding cash offers to acquire all shares of SolGold Plc at a price of 26 pence per share, with the latest offer submitted on November 28, 2025 [1] Group 1: Acquisition Details - Jiangxi Copper's subsidiary, Jiangxi Copper (Hong Kong) Investment Co., Ltd., purchased 157 million shares of SolGold Canada Inc., representing 5.24% of its issued shares, for a total consideration of $18.0712 million (approximately RMB 130 million) in March 2025 [2] - Following this transaction, Jiangxi Copper became the largest single shareholder of SolGold, holding a total of 366 million shares, or 12.19% of the issued shares [2] - The company aims to provide technical consulting services for SolGold's Cascabel project in Ecuador, indicating a strategic interest in the project [2] Group 2: Offer Status and Regulations - The two non-binding cash offers have been rejected by SolGold's board, and it remains uncertain whether Jiangxi Copper will submit a formal offer for the shares [2] - According to the UK City Code on Takeovers and Mergers, Jiangxi Copper retains the right to propose other forms of consideration or different combinations of consideration [3] - Jiangxi Copper is required to announce a formal offer or withdraw its interest by December 26, 2025, London time [3]