XINXIN MINING (03833.HK): Strategic restructuring of controlling shareholder approved by Xinjiang regional government; no change of control involved

NewTimeSpace News: On 28 August 2026, Xinjiang Xinxin Mining Industry Co., Ltd. (stock code: 03833) announced that it was notified by its controlling shareholder, Xinjiang Nonferrous, on the same day that the strategic restructuring between Xinjiang Nonferrous and Xinjiang Geology & Minerals has been approved by the People's Government of the Xinjiang Uygur Autonomous Region, requiring all parties to advance the work of the strategic restructuring in accordance with laws and regulations.

According to the announcement, the strategic restructuring does not involve any major asset restructuring of the Company, does not involve any change of the controlling shareholder or actual controller, and will not have any material impact on the Company's normal production and operation, with the Company's production and operation currently normal. The Company previously published announcements on 10 July 2026 and 31 July 2026 regarding the proposed strategic restructuring of controlling shareholders Xinjiang Nonferrous and Xinjiang Geology & Minerals and its progress.

The Company will publish further announcements in a timely manner in accordance with the progress of the strategic restructuring and applicable regulations. The announcement cautioned that there remain certain uncertainties in the implementation of the strategic restructuring, with no certainty that it can be completed, and shareholders and prospective investors should pay attention to investment risks and exercise caution when dealing in the Company's shares.

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