Core Viewpoint - Zijin Mining Group Co., Ltd. has successfully completed the issuance of $1.5 billion zero-coupon convertible bonds, with the net proceeds expected to be approximately $1.527 billion, primarily allocated for the construction of the Arinac copper-gold project in Peru and for general corporate purposes [2][5]. Group 1: Bond Issuance Details - The bonds are issued by Jinkai Investment Holdings Limited, a wholly-owned subsidiary of Zijin Mining, and are guaranteed unconditionally and irrevocably by the company [2][5]. - The bonds will mature on February 5, 2031, and can be converted into Zijin Mining's ordinary shares [7][8]. - The bonds were listed and traded on the Vienna MTF on February 5, 2026 [2]. Group 2: Guarantee Information - Zijin Mining will provide an unconditional and irrevocable guarantee for the $1.5 billion convertible bonds issued by Jinkai Investment [5][8]. - The guarantee ensures that all payments due under the bond terms will be made appropriately and on time [8][10]. - As of the announcement date, the company has no overdue external guarantees [6][11]. Group 3: Financial and Corporate Structure - Jinkai Investment Holdings Limited was established on June 19, 2025, with a registered capital of $1 and is primarily engaged in overseas financing and fund management [8]. - The total amount of external guarantees provided by the company amounts to approximately RMB 39.42 billion, with 91.61% of this amount related to guarantees for wholly-owned and controlling subsidiaries [11].

Core Viewpoint - Zijin Mining Group Co., Ltd. plans to issue $1.5 billion zero-coupon convertible bonds, which can be converted into H-shares at an initial conversion price of HKD 63.30 per share, representing a premium of approximately 37.19% over the last closing price on January 29, 2026 [2][16]. Group 1: Issuance Overview - The issuance is scheduled for January 29, 2026, with the total principal amount of $1.5 billion guaranteed by Zijin Mining [2][4]. - The bonds can be converted into approximately 184,898,104 shares of H-shares, accounting for about 3.09% of the existing H-share capital and 0.70% of the total issued capital as of the announcement date [3][16]. Group 2: Use of Proceeds - The net proceeds from the bond issuance, estimated at approximately $1.527 billion after deducting underwriting commissions and other expenses, will be used for capital expenditures related to the Arinna copper-gold project in Peru, with the remainder allocated for working capital and general corporate purposes [23][24]. Group 3: Approval and Authorization - The issuance has received approval from the relevant state-owned assets supervision authority and the National Development and Reform Commission [22][25]. - The board of directors has the authority to issue up to 1,197,768,000 new shares under the general mandate granted at the 2024 annual general meeting, which represents 4.51% of the company's issued shares at that time [25][26]. Group 4: Company Background - Zijin Mining is a large multinational mining group engaged in the exploration, mining, processing, smelting, and sales of copper, gold, zinc, silver, lithium, molybdenum, and other strategic mineral resources [27].