Zhaojin Mining Seeks Mandate to Repurchase Up to 10% of H Shares

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

Zhaojin Mining Industry Company Limited has convened an H share class meeting for 1 June 2026 in Shandong Province to seek shareholder approval for a special resolution granting a general mandate to repurchase up to 10% of its issued H shares, excluding any treasury shares. The board would gain broad authority to design and execute the repurchase plan, including setting prices and timing, opening stock accounts, determining the use of repurchased shares, and deciding whether to cancel them or hold them as treasury stock.

If repurchased H shares are cancelled, the company will reduce its registered capital and amend its articles of association accordingly, aligning capital structure with its buyback strategy. The authorization would remain effective only until the next annual general meeting or a shareholder resolution to amend or revoke it, giving investors clearer visibility on capital management flexibility and potential share value support within a defined timeframe.

The most recent analyst rating on (HK:1818) stock is a Buy with a HK$55.00 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 Chinese joint stock company based in Shandong Province, primarily engaged in the mining and production of gold and related mineral resources. The company is listed in Hong Kong under stock code 1818 and targets both domestic and international investors through its H shares, reflecting its role as a significant player in the PRC precious metals sector.

Average Trading Volume: 17,596,124

Technical Sentiment Signal: Buy

Current Market Cap: HK$105.6B

For a thorough assessment of 1818 stock, go to TipRanks’ Stock Analysis page.