Jiangxi Copper: Controlling shareholder intends to increase H shares by 1%-2%

On December 12th, Jinshi Data reported that Jiangxi Copper announced that on December 12th, 2024, it received a notice from its controlling shareholder, Jiangxi Copper Group, that Jiangxi Copper Group increased its H-share holdings by 714,000 shares, accounting for approximately 0.02% of the company’s total share capital. The plan does not involve an acquisition offer and will not cause changes in the company’s controlling shareholder and actual controller. The main content of the plan is to send positive signals to the market based on the recognition of the company’s value and confidence in its future stable development, and to boost investor confidence. The type of shares to be increased is the company’s unrestricted tradable H-share stocks. The cumulative number of H-share stocks to be increased in this plan is not less than 34.6273 million shares but not more than 69.2546 million shares. The implementation period of the plan is within 6 months from the date of this announcement, and the source of funds is Jiangxi Copper Group’s own funds.