The board of directors of Zhaojin Mining Industry Company Limited announced that, on 3 November 2025, the Hong Kong Zhaojin Mining Company Limited entered into a strategic collaboration memorandum with SigmaLayer Company Limited. Pursuant to the MOU, the Group and Ant Digital Technologies will, based on the application of the core technologies of blockchain and AI, establish a strategic partnership in a number of areas including the construction and exploration of overseas gold assets digitization and tokenization; AI-driven intelligent supply chain and risk control system; and trusted value delivery in the sustainability and ESG etc. Any specific activities and projects thereunder shall be subject to strict compliance and security, and a subsequent definitive agreement shall be signed by the parties to the MOU.
With the acceleration of global digitalization, the integration of AI and blockchain technologies has become a key force driving industry development. The strategic partnership with Ant Digital Technologies will fully leverage the respective strengths of both parties: Ant Digital Technologies' technical expertise in AI and blockchain, combined with the Group's professional experience in the mining sector, with a view to jointly exploring new pathways for digital upgrade in the overseas gold industry. This strategic cooperation will not only strengthen the Group's presence in the mining sector, but also support Ant Digital Technologies in deepening the application of AI and blockchain technologies.
It is expected that there will be significant synergies between the parties, creating new growth opportunities. In view of the foregoing, the Board considers that this strategic collaboration represents both parties' key practice in response to the national strategy for developing the digital economy, and also the Group's strategic choice to leverage its industrial strengths and proactively position itself in the digital technology sector. This strategic partnership is in the interests of the Company and its shareholders as a whole.
