Zijin Mining Proposes 2026 Employee Stock Ownership Plan Using Repurchased A Shares

An announcement from Zijin Mining Group Co ( (HK:2899) ) is now available.

Zijin Mining Group’s board has proposed an Employee Stock Ownership Scheme for 2026 that will be funded entirely with previously repurchased A shares held in a dedicated account, avoiding the issuance of new equity or transfer of Hong Kong-listed H shares. The scheme, which aligns with Chinese regulations and Hong Kong listing requirements, aims to grant units on the same terms to all participating employees, including executives.

Because executive directors and certain subsidiary directors will participate, their involvement is treated as connected transactions under Hong Kong rules, but the scale of their allocations remains below the 0.1% threshold that would trigger shareholder approval and additional disclosure. The overall scheme will still require shareholder approval at the upcoming annual general meeting, where resolutions will be voted on by poll, and any future reallocations to connected persons that change the regulatory status will be handled in line with Chapter 14A requirements.

The most recent analyst rating on (HK:2899) stock is a Buy with a HK$55.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.

More about Zijin Mining Group Co

Zijin Mining Group Co. is a major Chinese mining company focused on the exploration, mining, and processing of mineral resources, primarily gold, copper, and other non-ferrous metals. The group operates extensive assets in China and overseas, and its shares are listed in both mainland China and Hong Kong, giving it broad access to domestic and international capital markets.

YTD Price Performance: 7.96%

Average Trading Volume: 64,564,533

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1051.9B

For an in-depth examination of 2899 stock, go to TipRanks’ Overview page.