ZHAOJIN MINING (01818.HK): Wang Ligang Resigns as ED and Board Secretary; Yang Tiejiang Appointed ED

NewTimeSpace News: On 19 October 2026, Zhaojin Mining Industry Company Limited (the "Company") announced that Mr. Wang Ligang has resigned as an executive Director, a member of the Nomination and Remuneration Committee, a vice president and the board secretary of the Company due to a change in work arrangements, with effect from 17 October 2026. Mr. Wang confirmed that he has no disagreement with the board and that no matter relating to his resignation needs to be brought to the attention of shareholders and The Stock Exchange of Hong Kong Limited. The board expressed sincere gratitude to Mr. Wang for the valuable time and effort he devoted to the Company's growth and development over his years of service, and thanked him for his important contributions to its operations and strategic development.

The announcement disclosed that Mr. Yang Tiejiang has been appointed as an executive Director and a member of the Nomination and Remuneration Committee with effect from 17 October 2026. Mr. Yang, aged 38, holds a master's degree in mining engineering and is a senior engineer and constructor; he served as a mining technician at Shandong Zhongkuang Group Co., Ltd. from August 2013 to March 2016, as deputy manager of its production department from March 2016 to October 2019, as manager of its safety supervision department from October 2019 to November 2021, and as general manager of Zhaoyuan Jiangjiayao Gold Mine Co., Ltd. from November 2021 to April 2023, and has been chairman of that company since April 2023; he has received honours including advanced individual in national gold industry statistics and two first prizes and two second prizes of the China Gold Association Science and Technology Award. Mr. Yang will enter into a service contract with the Company from 17 October 2026 until the expiry of the current board term, subject to retirement by rotation and re-election at shareholders' meetings under the articles of association, and will not receive any director's remuneration as an executive Director.

The Company stated that, on 17 October 2026, the board proposed to appoint Ms. Li Yan as joint company secretary, with the assistance of a person qualified as a company secretary under Rule 3.28 of the Listing Rules, subject to the Stock Exchange granting a waiver, with her appointment taking effect on the date the waiver is granted; Ms. Li will also perform the duties of the board secretary. Ms. Li, aged 45, holds a master's degree in business administration, is a senior economist and an associate member of the Hong Kong Chartered Governance Institute, holds the Shanghai Stock Exchange board secretary qualification, and is currently director of the Company's board secretariat; she graduated from Guizhou University in business administration in July 2007, joined the Company in March 2008, and has served in the board secretariat as securities affairs specialist, deputy director and director since October 2011, and has received capital market honours including the Zhitong Finance Golden HK Stocks "Best IR Award" and "Best PR Award". The Company said Ms. Li does not currently possess the company secretary qualification under Rule 3.28, and the Company has applied to the Stock Exchange for a waiver from strict compliance with Rules 3.28 and 8.17, and will publish further announcements on the appointment and waiver in due course.