Zhaojin Mining Doubles IT Service Caps, Signs New Procurement Deal With Controlling Shareholder

Zhaojin Mining Industry Co ( (HK:1818) ) has provided an update.

Zhaojin Mining Industry Company Limited has revised upward the annual caps under its Informatization Services Framework Agreement, reflecting higher-than-expected demand for IT services from controlling shareholder Zhaojin Group. The cap for 2025 has been doubled from RMB20 million to RMB40 million and the 2026 cap raised from RMB20 million to RMB45 million, indicating an expansion in the group’s informatization needs and internal service volumes. In addition, the company’s Materials Supply Center has entered into a new Material Procurement Framework Agreement with Zhaojin Group covering the period from 1 January 2026 to 31 December 2028, formalising the provision of material procurement services within the group. Both framework agreements are classified as continuing connected transactions under Hong Kong listing rules, subject to reporting, announcement and annual review requirements but exempt from independent shareholders’ approval, underscoring their strategic yet relatively small scale in the context of the group’s overall operations.

The most recent analyst rating on (HK:1818) stock is a Hold with a HK$33.00 price target. To see the full list of analyst forecasts on Zhaojin Mining Industry Co stock, see the HK:1818 Stock Forecast page.

More about Zhaojin Mining Industry Co

Zhaojin Mining Industry Company Limited is a joint stock limited company incorporated in the People’s Republic of China and listed in Hong Kong. The group operates in the mining sector and conducts its businesses through various wholly owned subsidiaries, including Goldsoft Technology and Materials Supply Center, which provide informatization and material procurement services within the wider Zhaojin Group.

Average Trading Volume: 13,804,567

Technical Sentiment Signal: Buy

Current Market Cap: HK$111.4B

See more data about 1818 stock on TipRanks’ Stock Analysis page.