The eighteenth extraordinary meeting in 2025 of the eighth term of the board of directors of Zijin Mining Group Co. Ltd. was convened on 28 November 2025 at the Company's headquarters in Shanghang and Xiamen branch by a combination of on-site meeting and video conference. Since the establishment of the Company in 1993, under the leadership of Mr. Chen Jinghe, the Company has grown through 32 years of arduous entrepreneurship into a multinational mining group with comprehensive indicators ranking among the top 3 global metal mining enterprises and a market capitalisation exceeding USD100 billion.
The Company has developed a globally competitive technology and management system, corporate culture and core management team, laying a solid foundation for the sustainable and stable development of the Company. Due to age and family reasons, Mr. Chen Jinghe has proposed not to accept nomination as a Director candidate for the ninth term of the Board of Directors. Despite the earnest efforts of the controlling shareholder and the Board of Directors to retain him, Mr. Chen Jinghe believes that an enterprise with enduring success should transit from being "founder-driven" to "institution-driven".
The Company's new core management team has now matured, making this the optimal time to achieve the succession from the old to the new. In recognition of the outstanding contributions made by Mr. Chen Jinghe and to carry forward the innovative concepts and corporate culture with Zijin characteristics that he has championed, the Company proposed to appoint Mr. Chen Jinghe as the lifetime honourary chairman and senior advisor, and to incorporate this arrangement into the Articles of Association. Mr. Chen Jinghe will continue to provide guidance and support to the Company in major strategic decisions, resource coordination and other areas, contributing to the long- term development of the Company.
