RNS Number : 8750M Gemstone 102 Ltd 24 December 2025

RNS 编号：8750M Gemstone 102 有限公司2025年12月24日

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

本公告包含内部信息

FOR IMMEDIATE RELEASE

立即发布

24 December 2025

2025年12月24日

RECOMMENDED CASH ACQUISITION

推荐现金收购

的

SolGold plc ("SolGold")

SolGold plc（"SolGold"）

由

Jiangxi Copper (Hong Kong) Investment Company Limited ("JCHK")

江西铜业（香港）投资有限公司（"JCHK"）

to be implemented by means of a scheme of arrangement

通过安排计划实施

under Part 26 of the Companies Act 2006

根据 2006 年公司法第 26 部分

Summary

摘要

· The boards of directors of SolGold and JCHK, for and on behalf of Jiangxi Copper Company Limited ("JCC"), are pleased to announce that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of SolGold (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.

· SolGold 和 JCHK 的董事会代表江西铜业有限公司（"JCC"）高兴地宣布，他们已就推荐的全现金收购 SolGold 全部已发行及待发行普通股本的条款达成一致（"收购"）。该收购将通过根据公司法第 26 部分的安排计划实施。

· Under the terms of the Acquisition, SolGold Shareholders shall be entitled to receive:

· 根据收购条款，SolGold 股东有权获得：

28 pence in cash per SolGold Share (the "Cash Consideration")

每股 SolGold 28 便士现金（"现金对价"）

· The Cash Consideration values the entire issued and to be issued share capital of SolGold at approximately £867 million, and represents:

· 现金对价使 SolGold 全部已发行及待发行股本的估值约为 8.67 亿英镑，并代表：

o a premium of c.42.9% to the closing price of 19.6 pence per SolGold share on 19 November 2025, being the last business day prior to JCC's first approach to the SolGold Board;

o 相较于2025年11月19日SolGold 每股 19.6 便士的收盘价，溢价约 42.9%；

o a premium of c.58.8% to the volume weighted average share price of c.17.6 pence per SolGold share over the three months to 27 November 2025, being the last business day prior to the announcement by SolGold of JCC's initial proposal;

o 相较于截至2025年11月27日的三个月内 SolGold 每股约 17.6 便士的成交量加权平均股价，溢价约 58.8%；

o a premium of c.136.4% to the volume weighted average share price of c.11.8 pence per SolGold share over the twelve months to 27 November 2025; and

o 相较于截至2025年11月27日的十二个月内 SolGold 每股约 11.8 便士的成交量加权平均股价，溢价约 136.4%；以及

o a premium of c.7.1% to the closing price of c.26.2 pence per SolGold share on 27 November 2025, following a 33.4% increase in the SolGold share price since 19 November 2025.

o 相较于2025年11月27日SolGold 每股约 26.2 便士的收盘价，溢价约 7.1%，自2025年11月19日以来 SolGold 股价上涨了 33.4%。

Background to and reasons for the Acquisition

收购的背景及原因

· As a consequence of JCHK being the largest individual shareholder in SolGold, JCC is familiar with Cascabel and SolGold's exploration portfolio. JCC is aligned with SolGold's long-term goals to define a clear development pathway to bring Cascabel into production, and has been a shareholder in SolGold since November 2020, now owning c.12.2% of SolGold's issued share capital.

· 由于 JCHK 是 SolGold 最大的单一股东，JCC 对 Cascabel 及 SolGold 的勘探组合非常熟悉。JCC 与 SolGold 的长期目标一致，旨在明确开发路径以使 Cascabel 投入生产，并自 2020 年 11 月以来一直是 SolGold 的股东，目前持有 SolGold 已发行股本的约 12.2%。

· JCC shares SolGold management's vision that Cascabel carries the potential to deliver immense value to global mineral supply. While recognising that SolGold's management has significantly advanced the Cascabel Project, JCC believes additional work and investment is needed to establish JCC's own development plan and optimise the Project's value over the entire life of mine. With JCC's technical capabilities, engineering, supply chain and financial resources, and knowledge of the project through its past investment, JCC believes that it is well positioned to develop and finance Cascabel with greater certainty, in order to unlock its future growth potential. JCC will, as a well-capitalised and supportive investor with a strong track record in developing assets, commit financing and development resources on the path to production.

· JCC 与 SolGold 管理层共享 Cascabel 能够为全球矿产供应带来巨大价值的愿景。尽管认识到 SolGold 管理层在推进 Cascabel 项目方面取得了显著进展，JCC 认为仍需进行额外的工作和投资，以建立 JCC 自己的开发计划，并在整个矿山生命周期内优化项目的价值。凭借 JCC 的技术能力、工程、供应链和财务资源，以及通过过去的投资对项目的了解，JCC 相信自己在开发和融资 Cascabel 方面处于良好位置，以更大的确定性释放其未来增长潜力。JCC 将作为一个资金充足且支持的投资者，致力于在生产过程中提供融资和开发资源。

Recommendation

建议

· The SolGold Directors, who have been so advised by RBC Capital Markets as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. In providing its advice to the SolGold Directors, RBC Capital Markets has taken into account the commercial assessments of the SolGold Directors.

· SolGold 董事会在 RBC 资本市场的财务条款建议下，认为收购条款公平合理。在向 SolGold 董事会提供建议时，RBC 资本市场考虑了 SolGold 董事会的商业评估。

· Accordingly, the SolGold Directors intend to recommend unanimously that SolGold Shareholders vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting, as the SolGold Directors have irrevocably undertaken to do in respect of their own beneficial holdings of 83,597,123 SolGold Shares, representing, in aggregate, approximately 2.8% of the ordinary share capital of SolGold in issue on the Latest Practicable Date.

· 因此，SolGold 董事会打算一致推荐 SolGold 股东在法院会议上投票支持该方案，并在股东大会上提出的决议，因为 SolGold 董事会已不可撤销地承诺对其持有的 83,597,123 股 SolGold 股份投票支持，合计约占 SolGold 已发行普通股本的 2.8%。

Reasons for the Recommendation from the SolGold Board

SolGold 董事会推荐的原因

· The SolGold Board believes the Company has made substantial progress since the appointment of its new Chief Executive Officer in March this year, in re-framing the plan for the Cascabel Project, advancing permitting and key initiatives in country and, overall, re-working the strategy of the Company. The Board believes this progress has been reflected in the Company's strong share price performance over the course of this period.

· SolGold 董事会相信，自今年 3 月新首席执行官上任以来，公司在重新制定 Cascabel 项目计划、推进许可和国家关键举措以及整体重塑公司战略方面取得了重大进展。董事会认为，这一进展在公司在此期间强劲的股价表现中得到了体现。

· In November 2025, SolGold received the first of a series of unsolicited proposals from JCC, SolGold's largest shareholder. Following the receipt of these proposals, the SolGold Board has engaged with its other large shareholders, including BHP Billiton Holdings Limited and Newcrest International Pty Ltd, who indicated they would support the Acquisition on the terms set out in this announcement.

· 在 2025 年 11 月，SolGold 收到了来自 JCC 的第一份一系列非正式提案，JCC 是 SolGold 的最大股东。在收到这些提案后，SolGold 董事会与其他大型股东进行了接触，包括必和必拓控股有限公司和新克瑞斯特国际有限公司，他们表示将支持本公告中列出的收购条款。

· The SolGold Board are confident in the Company's strategy but also acknowledge the intention of its largest shareholders to accept the proposal offered by JCC, which provides certainty today compared to exposure to potential future shocks that could affect advancement of the Project or the overall macro environment for financing the Project.

· SolGold 董事会对公司的战略充满信心，但也承认其最大股东接受 JCC 提出的提案的意图，该提案提供了今天的确定性，相较于可能影响项目推进或整体融资宏观环境的潜在未来冲击。

· In light of this support from its shareholders, and following discussions with its advisers and other large shareholders in SolGold, the SolGold Board considered that all of SolGold's Shareholders should be given the opportunity to consider the Acquisition.

· 鉴于股东的支持，并在与顾问及 SolGold 其他大型股东的讨论后，SolGold 董事会认为所有 SolGold 股东都应有机会考虑该收购。

· The Board has carefully considered the terms of the Acquisition, and taking into account the certainty that the Acquisition provides SolGold shareholders when weighed against the inherent uncertainty in delivering potential future value on a standalone basis, the SolGold Board has concluded that the Acquisition is in the best interests of SolGold Shareholders and SolGold as a whole.

· 董事会仔细考虑了收购条款，并在权衡收购为 SolGold 股东提供的确定性与独立基础上实现潜在未来价值的固有不确定性后，SolGold 董事会得出结论，认为该收购符合 SolGold 股东及 SolGold 整体的最佳利益。

· Further details are set out in section 6 (Background to and reasons for the recommendation).

· 进一步的细节见第 6 节（推荐的背景和原因）。

Shareholder support

股东支持

· JCHK is pleased to have received irrevocable undertakings from BHP Billiton Holdings Limited, Newcrest International Pty Ltd and Maxit Capital LP (and its affiliates) to vote (or procure the vote) in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting in respect of their beneficial interests in SolGold Shares amounting, in aggregate, to 773,642,395 SolGold Shares, representing approximately 25.7% of the entire issued share capital of SolGold on the Latest Practicable Date.

· JCHK 很高兴收到 BHP Billiton Holdings Limited、新创国际有限公司和 Maxit Capital LP（及其附属公司）不可撤回的承诺，支持在法院会议上投票（或促成投票）赞成该计划，以及在股东大会上提出的特别决议，涉及其在 SolGold 股份中的受益权益，总计 773,642,395 股 SolGold 股份，约占截至最新可行日期 SolGold 已发行股本的 25.7%。

· Taken together with the irrevocable undertakings given by the SolGold Directors, JCHK has therefore received irrevocable undertakings in respect of a total of 857,239,518 SolGold Shares representing, in aggregate, approximately 28.5% per cent. of the issued share capital of SolGold on the Latest Practicable Date.

· 加上 SolGold 董事所给出的不可撤回承诺，JCHK 因此已收到总计 857,239,518 股 SolGold 股份的不可撤回承诺，约占截至最新可行日期 SolGold 已发行股本的 28.5%。

· Further details of these irrevocable undertakings are set out in Appendix III to this Announcement.

· 这些不可撤回承诺的进一步细节见本公告的附录 III。

Information on JCC and JCHK

关于 JCC 和 JCHK 的信息

JCC

· JCC, headquartered in China and with its shares listed on both the Shanghai Stock Exchange ("SSE") and the Hong Kong Stock Exchange ("HKEX"), is one of the largest global producers and suppliers of copper products. JCC is engaged in copper and gold mining, milling, smelting and refining, and the production and sale of copper cathodes and other non-ferrous metals and chemical products. JCC has extensive experience in developing and operating complex mining and smelting projects.

· JCC 总部位于中国，其股份在上海证券交易所（"SSE"）和香港证券交易所（"HKEX"）上市，是全球最大的铜产品生产和供应商之一。JCC 从事铜和黄金的开采、磨矿、冶炼和精炼，以及铜阴极和其他有色金属及化学产品的生产和销售。JCC 在开发和运营复杂的矿业和冶炼项目方面拥有丰富的经验。

· In 2024, JCC recorded USD 72.6 billion in annual revenue and maintains a significant global footprint across Asia, Africa, and the Americas.

· 2024 年，JCC 的年收入为 726 亿美元，并在亚洲、非洲和美洲保持着显著的全球足迹。

· JCC, through its subsidiaries Gemstone 102 Ltd and JCHK, has been a shareholder in SolGold since November 2020.

· JCC 通过其子公司 Gemstone 102 Ltd 和 JCHK，自 2020 年 11 月以来一直是 SolGold 的股东。

JCHK

· JCHK, established in 2016, is a wholly owned subsidiary of JCC. JCHK serves as JCC's international investment vehicle and is focused on the investments in nonferrous and precious metal sectors.

· JCHK 成立于 2016 年，是 JCC 的全资子公司。JCHK 作为 JCC 的国际投资工具，专注于有色金属和贵金属领域的投资。

· JCHK has been a shareholder in SolGold since December 2022. Following the share acquisition from SolGold Canada Inc. in March 2025, JCHK currently holds, directly and indirectly, c. 12.2% of SolGold's issued share capital.

· JCHK 自 2022 年 12 月以来一直是 SolGold 的股东。自 2025 年 3 月从 SolGold Canada Inc.收购股份后，JCHK 目前直接和间接持有约 12.2% 的 SolGold 已发行股本。

Information on SolGold

关于 SolGold 的信息

· SolGold is a leading mineral exploration and development company. The Company is focused on the discovery, definition and development of world-class copper and gold deposits. SolGold is committed to responsible mining practices, sustainability and creating meaningful partnerships with local communities.

· SolGold 是一家领先的矿产勘探和开发公司。该公司专注于世界级铜和黄金矿床的发现、定义和开发。SolGold 致力于负责任的采矿实践、可持续发展，并与当地社区建立有意义的合作关系。

· Founded in 2006, SolGold has established itself as one of the largest concession holders in Ecuador, exploring the length and breadth of the highly prospective Andean Copper Belt. The Company's flagship project, Cascabel, located in northern Ecuador's Imbabura Province, represents one of the world's most significant undeveloped copper-gold porphyry deposits and is positioned to become a cornerstone mining operation in South America.

· SolGold 成立于 2006 年，已成为厄瓜多尔最大的特许权持有者之一，探索着极具潜力的安第斯铜带。公司的旗舰项目 Cascabel 位于厄瓜多尔北部的 Imbabura 省，是世界上最重要的未开发铜金斑岩矿床之一，并有望成为南美的基石矿业项目。

· The Cascabel Project encompasses two significant deposits: the Alpala porphyry copper-gold-silver deposit and the Tandayama-América porphyry copper-gold deposit. These mineralised systems are hosted within the Andean Porphyry Belt that extends from southern Chile through to Ecuador, Colombia and Panama, hosting the largest concentrations of copper in the world.

· Cascabel 项目包含两个重要矿床：Alpala 斑岩铜金银矿床和 Tandayama-América 斑岩铜金矿床。这些矿化系统位于从智利南部延伸至厄瓜多尔、哥伦比亚和巴拿马的安第斯斑岩带内，拥有世界上最大的铜矿集中。

· SolGold Shares are publicly traded on the London Stock Exchange main market (symbol: SOLG). The SolGold Group has offices in Zug, Switzerland, London, United Kingdom and Quito, Ecuador.

· SolGold 股份在伦敦证券交易所主板上市（代码：SOLG）。SolGold 集团在瑞士楚格、英国伦敦和厄瓜多尔基多设有办事处。

Timetable and Conditions

时间表和条件

· JCHK has satisfied the PRC outbound direct investment clearance process (the "ODI Approval") in respect of the Acquisition as contemplated by the joint statement regarding a revised possible offer for SolGold by SolGold and JCHK on 12 December 2025 and, having obtained the ODI Approval, is not subject to any other material regulatory conditions in respect of the implementation and completion of the Acquisition.

· JCHK 已满足关于收购的中国境外直接投资审批程序（"ODI 批准"），该收购是基于 SolGold 和 JCHK 于2025年12月12日发布的关于修订可能收购的联合声明，并且在获得 ODI 批准后，不受其他重大监管条件的限制。

· It is intended that the Acquisition will be implemented by way of a scheme of arrangement under Part 26 of the Companies Act (although JCHK reserves the right to implement the Acquisition by way of a Takeover Offer, subject to the Panel's consent).

· 收购计划将通过《公司法》第 26 部分的安排方案实施（尽管 JCHK 保留通过收购要约实施收购的权利，需经小组的同意）。

· The Acquisition will be put to the Scheme Shareholders at the Court Meeting and to the SolGold Shareholders at the General Meeting. The Court Meeting and the General Meeting are required to enable Scheme Shareholders and SolGold Shareholders, respectively, to consider and, if thought fit, to vote in favour of the Scheme and its implementation.

· 收购将提交给法院会议的方案股东和股东大会的 SolGold 股东。法院会议和股东大会的召开是为了使方案股东和 SolGold 股东分别能够考虑并在认为合适的情况下投票支持该方案及其实施。

· In order to become Effective, the Scheme must be approved by a majority in number of Scheme Shareholders voting at the Court Meeting, present and voting (and entitled to vote), either in person or by proxy, representing at least 75 per cent. in nominal value of the Scheme Shares voted by those Scheme Shareholders. In addition, a special resolution implementing the Scheme must be passed by SolGold Shareholders representing at least 75 per cent. of votes cast at the General Meeting. Following the Court Meeting, the Scheme must also be sanctioned by the Court.

· 为使方案生效，方案必须获得在法院会议上投票的方案股东的多数通过，出席并投票（有投票权），无论是亲自还是通过代理，代表至少 75% 的方案股份的名义价值。此外，实施该方案的特别决议必须由在股东大会上投票的 SolGold 股东通过，代表至少 75% 的投票。法院会议后，方案还必须获得法院的批准。

· The Acquisition is also subject to the Conditions and terms set out in Appendix I to this Announcement.

· 收购还需遵循本公告附录 I 中列出的条件和条款。

· Subject to the satisfaction or (where applicable) waiver of the Conditions, the Acquisition is expected to become Effective during Q1 2026.

· 在满足或（如适用）豁免条件后，预计收购将在 2026 年第一季度生效。

· The Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the General Meeting will be distributed to SolGold Shareholders (along with the Forms of Proxy for use in connection with the Court Meeting and the General Meeting) as soon as reasonably practicable and, in any event (save with the consent of the Panel), within 28 days of the date of this Announcement.

· 包含有关收购的进一步信息以及法院会议和股东大会通知的方案文件将尽快分发给 SolGold 股东（连同用于法院会议和股东大会的代理表格），并且在任何情况下（除非获得小组的同意）将在本公告日期后的 28 天内分发。

· The Scheme Document will be made available by SolGold on the website of SolGold at https://solgold.com/investors/possible-offer-terms/, and of JCC at https://en.jxcc.com/channel/714e12366e4a46be8447ea019022c228.html.

· 方案文件将由 SolGold 在其网站上发布，网址为 https://solgold.com/investors/possible-offer-terms/，以及 JCC 在 https://en.jxcc.com/channel/714e12366e4a46be8447ea019022c228.html。

Dividends

股息

· If, on or after the date of this Announcement and on or prior to the Effective Date, any dividend and/or other distribution and/or return of capital is authorised, declared, made or paid or becomes payable in respect of SolGold Shares, JCHK reserves the right to reduce the Cash Consideration by an amount equal to all or part of any such dividend and/or other distribution and/or return of capital, in which case SolGold Shareholders would be entitled to receive and retain any such dividend and/or other distribution and/or return of capital authorised, declared, made or paid.

· 如果在本公告日期之后且在生效日期之前，任何股息和/或其他分配和/或资本回报被授权、宣布、支付或变得可支付，JCHK 保留权利按等于所有或部分股息和/或其他分配和/或资本回报的金额减少现金对价，在这种情况下，SolGold 股东将有权接收并保留任何已被授权、宣布、支付或变得可支付的股息和/或其他分配和/或资本回报。

Commenting on the Acquisition, Dan Vujcic, CEO of SolGold, said:

关于此次收购，SolGold 首席执行官 Dan Vujcic 表示：

"SolGold believes we have made substantial progress in the last year in developing the Cascabel Project and achieving key milestones, which has been reflected in SolGold's strong share price performance. Following extensive shareholder consultation following the receipt of the proposals from JCC, the Board believes all shareholders should have the opportunity to consider the Acquisition. Having carefully considered the terms of the Acquisition, the SolGold Board believes it is in the best interests of shareholders and the company, and the SolGold Board have unanimously recommended the transaction to shareholders."

“SolGold 相信，在过去一年中，我们在开发 Cascabel 项目和实现关键里程碑方面取得了重大进展，这在 SolGold 强劲的股价表现中得到了体现。在收到 JCC 的提案后，经过广泛的股东咨询，董事会认为所有股东都应有机会考虑此次收购。在仔细考虑收购条款后，SolGold 董事会认为这符合股东和公司的最佳利益，并一致向股东推荐该交易。”

Commenting on the Acquisition, Shaobing Zhou, Vice Chairman and General Manager of JCC, said:

关于此次收购，JCC 副董事长兼总经理 Shaobing Zhou 表示：

"JCC is delighted to have received the unanimous recommendation of the SolGold Board and strong support from other large shareholders in favour of the Acquisition. JCC is excited by the potential of the Cascabel Project and we look forward to progressing the development of the Project for the benefit of all stakeholders."

“JCC 很高兴获得 SolGold 董事会的一致推荐以及其他大型股东对收购的强烈支持。JCC 对 Cascabel 项目的潜力感到兴奋，我们期待推动该项目的发展，以造福所有利益相关者。”

This summary should be read in conjunction with the full text of this Announcement. The Acquisition shall be subject to the Conditions and further terms set out in Appendix I to this Announcement and to the full terms and conditions which shall be set out in the Scheme Document. Appendix II to this Announcement contains the sources of information and bases of calculations of certain information contained in this Announcement, Appendix III contains a summary of the irrevocable undertakings in relation to this Acquisition and Appendix IV contains definitions of certain expressions used in this summary and in this Announcement.

本摘要应与本公告的完整文本一起阅读。此次收购将受限于本公告附录 I 中列出的条件和进一步条款，以及将在方案文件中列出的完整条款和条件。本公告附录 II 包含本公告中某些信息的来源和计算基础，附录 III 包含与此次收购相关的不可撤销承诺的摘要，附录 IV 包含本摘要和本公告中使用的某些表达的定义。

Enquiries:

咨询：


Jiangxi Copper Company Limited	+86 0791 8271 0117
Gong Kun
Peel Hunt LLP (UK Financial Adviser to JCC)	+44 (0) 207 418 8900
Ross Allister
Michael Nicholson
Sam Cann
Admiralty Harbour Capital Limited (Financial Adviser to JCC)	+852 2110 1666
Wallace Wang
SolGold plc	+44 (0) 203 807 6996
Dan Vujcic
RBC Capital Markets (Rule 3 Adviser and Financial Adviser to SolGold)	+44 (0) 207 653 4000
Hugh Samson Paul Betts Sam Jackson
Maxit Capital LP (International Financial Adviser to SolGold)	+1 416 363 7238
Sameer Rabbani
Canaccord Genuity Limited (Corporate Broker to SolGold)	+44 (0) 207 523 8000
James Asensio Charlie Hammond


江西铜业股份有限公司	+86 0791 8271 0117
龚坤
Peel Hunt LLP（JCC 的英国财务顾问）	+44 (0) 207 418 8900
Ross Allister
Michael Nicholson
Sam Cann
Admiralty Harbour Capital Limited（JCC 的财务顾问）	+852 2110 1666
Wallace Wang
SolGold plc	+44 (0) 203 807 6996
Dan Vujcic
RBC Capital Markets（SolGold 的规则 3 顾问和财务顾问）	+44 (0) 207 653 4000
Hugh Samson Paul Betts Sam Jackson
Maxit Capital LP（SolGold 的国际财务顾问）	+1 416 363 7238
Sameer Rabbani
Canaccord Genuity Limited（SolGold 的企业经纪人）	+44 (0) 207 523 8000
James Asensio Charlie Hammond

Norton Rose Fulbright is acting as UK and Canadian legal adviser to JCC. AnJie Broad Law Firm is acting as PRC legal adviser to JCC. Fasken Martineau LLP is acting as legal adviser to SolGold plc.

Norton Rose Fulbright 担任 JCC 的英国和加拿大法律顾问。安杰律师事务所担任 JCC 的中国法律顾问。Fasken Martineau LLP 担任 SolGold plc 的法律顾问。

Important notices

重要通知

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the Financial Conduct Authority in the UK, is acting exclusively for JCC and no one else in connection with the matters described in this Announcement and will not be responsible to anyone other than JCC for providing the protections afforded to clients of Peel Hunt nor for providing advice in connection with the matters referred to herein. Neither Peel Hunt nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Peel Hunt in connection with this Announcement, any statement contained herein or otherwise.

Peel Hunt LLP（“Peel Hunt”）在英国获得授权并受金融行为监管局监管，专门为 JCC 提供服务，而不为本公告中描述的事项提供其他任何人服务，并且不对除 JCC 以外的任何人负责，提供 Peel Hunt 客户所享有的保护或提供与此处提及的事项相关的建议。Peel Hunt 及其任何子公司、分支机构或关联公司对任何非 Peel Hunt 客户在与本公告、其中包含的任何声明或其他方面相关的情况下，不承担或接受任何责任、义务或责任（无论是直接还是间接，无论是合同、侵权、法定或其他）。

Admiralty Harbour Capital Limited ("Admiralty Harbour"), which is licensed and regulated by the Hong Kong Securities and Futures Commission, is acting exclusively for JCC and no one else in connection with the matters described in this Announcement and will not be responsible to anyone other than JCC for providing the protections afforded to clients of Admiralty Harbour nor for providing advice in connection with the matters referred to herein. Neither Admiralty Harbour nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Admiralty Harbour in connection with this Announcement, any statement contained herein or otherwise.

Admiralty Harbour Capital Limited（“Admiralty Harbour”）在香港证券及期货事务监察委员会获得许可并受监管，专门为 JCC 提供服务，而不为本公告中描述的事项提供其他任何人服务，并且不对除 JCC 以外的任何人负责，提供 Admiralty Harbour 客户所享有的保护或提供与此处提及的事项相关的建议。Admiralty Harbour 及其任何子公司、分支机构或关联公司对任何非 Admiralty Harbour 客户在与本公告、其中包含的任何声明或其他方面相关的情况下，不承担或接受任何责任、义务或责任（无论是直接还是间接，无论是合同、侵权、法定或其他）。

RBC Europe Limited (trading as RBC Capital Markets) which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for SolGold and no one else in connection with the matters referred to in this Announcement and will not be responsible to anyone other than SolGold for providing the protections afforded to clients of RBC Capital Markets or for providing advice in connection with matters referred to in this Announcement. Neither RBC Europe Limited nor any of its affiliates, directors or employees owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, consequential, whether in contract, tort, in delict, under statute or otherwise) to any person who is not a client of RBC Europe Limited in connection with the Acquisition or any matter referred to herein.

RBC Europe Limited（以 RBC Capital Markets 名义进行交易），在英国由审慎监管局授权并受到金融行为监管局和审慎监管局的监管，正在为 SolGold 及与本公告中提及的事项相关的其他任何人提供服务，并且不会对除 SolGold 以外的任何人负责，提供 RBC Capital Markets 客户所享有的保护或就本公告中提及的事项提供建议。RBC Europe Limited 及其任何附属公司、董事或员工对任何非 RBC Europe Limited 客户在收购或与此处提及的任何事项相关的情况下，不承担或接受任何责任、义务或责任（无论是直接的还是间接的，后果性的，无论是合同、侵权、法定或其他方式）。

Maxit Capital LP ("Maxit"), which is an international financial adviser operating from outside of the United Kingdom and is not authorised in the United Kingdom, is acting exclusively for SolGold and for no one else in connection with the matters referred to in this Announcement. Maxit will not be responsible to any person other than SolGold for providing the protections afforded to clients of Maxit, nor for providing advice in relation to any matters referred to herein. Neither Maxit nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Maxit in connection with this Announcement, any statement contained herein or otherwise.

Maxit Capital LP（"Maxit"），是一家在英国以外运营的国际金融顾问，并未在英国获得授权，正在为 SolGold 独家提供服务，与本公告中提及的事项相关的其他任何人无关。Maxit 不会对除 SolGold 以外的任何人负责，提供 Maxit 客户所享有的保护，也不会就本公告中提及的任何事项提供建议。Maxit 及其任何子公司、分支机构或附属公司对任何非 Maxit 客户在本公告、其中包含的任何声明或其他方面不承担或接受任何责任、义务或责任（无论是直接的还是间接的，无论是合同、侵权、法定或其他方式）。

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting as corporate broker exclusively for SolGold and for no one else in connection with the Proposal and will not regard any other person as its client in relation to the matters referred to in this Announcement and will not be responsible to anyone other than SolGold for providing the protections afforded to clients of Canaccord Genuity Limited, nor for providing advice in relation to the Proposal or any other matter referred to in this Announcement.

Canaccord Genuity Limited，在英国由 FCA 授权和监管，正在为 SolGold 独家担任企业经纪人，与本提案相关的其他任何人无关，并且不会将任何其他人视为其客户，也不会对除 SolGold 以外的任何人负责，提供 Canaccord Genuity Limited 客户所享有的保护，也不会就本提案或本公告中提及的任何其他事项提供建议。

Inside information

内部信息

The information contained within this Announcement would have, prior to its release, constituted inside information as stipulated under Article 7 of the Market Abuse Regulations (EU) No.596/2014 as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (together, "UK MAR"). Upon the publication of this Announcement via a regulatory information service, this inside information will be considered to be in the public domain. For the purposes of UK MAR, the person responsible for arranging for the release of this information on behalf of SolGold is Dan Vujcic, Chief Executive Officer.

本公告中包含的信息在发布之前，构成根据《市场滥用条例（EU）第 596/2014 号》第 7 条规定的内部信息，并根据 2018 年《欧洲联盟（撤回）法》纳入英国国内法（统称为"英国 MAR"）。在通过监管信息服务发布本公告后，该内部信息将被视为进入公共领域。根据英国 MAR，负责代表 SolGold 发布此信息的人是首席执行官 Dan Vujcic。

Further information

进一步信息

This Announcement is for information purposes only and is not intended to and does not constitute, or form part of, any offer to sell or an invitation to purchase any securities; a solicitation of an offer to buy, otherwise acquire, subscribe for, sell or otherwise dispose of any securities pursuant to the Acquisition or otherwise; or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition or otherwise nor shall there be any purchase, sale, issuance or exchange of securities or such solicitation in any jurisdiction in which such offer, solicitation, sale issuance or exchange is unlawful. The Acquisition will be made solely by means of the Scheme Document (or, if the Acquisition is implemented by way of a Takeover Offer, the Offer Document) which, together with any related forms of proxy, will contain the full terms and conditions of the Acquisition, including details of how to vote in respect of the Scheme. Any decision in respect of, or other response to, the Acquisition should be made only on the basis of the information contained in the Scheme Document (or, if the Acquisition is implemented by way of a Takeover Offer, the Offer Document).

本公告仅供信息参考，并不构成或形成任何出售证券的要约或购买证券的邀请；也不构成根据收购或其他方式购买、获取、认购、出售或以其他方式处置任何证券的要约请求；或在任何司法管辖区内根据收购或其他方式请求任何投票或批准，也不应在任何法律禁止的司法管辖区内进行证券的购买、出售、发行或交换。收购将仅通过方案文件（或如果收购通过收购要约实施，则为要约文件）进行，该文件及任何相关的代理表格将包含收购的完整条款和条件，包括如何就方案投票的详细信息。关于收购的任何决定或其他回应应仅基于方案文件（或如果收购通过收购要约实施，则为要约文件）中包含的信息。

SolGold will prepare the Scheme Document to be distributed to SolGold Shareholders. SolGold and JCHK urge SolGold Shareholders to read the Scheme Document (or any other document by which the Acquisition is made) in full when it becomes available because it will contain important information relating to the Acquisition, including details of how to vote in respect of the Scheme.

SolGold 将准备方案文件以分发给 SolGold 股东。SolGold 和 JCHK 敦促 SolGold 股东在方案文件（或收购所依据的任何其他文件）发布时仔细阅读，因为其中将包含与收购相关的重要信息，包括如何就方案投票的详细信息。

The statements contained in this Announcement are made as at the date of this Announcement, unless some other time is specified in relation to them, and publication of this Announcement shall not give rise to any implication that there has been no change in the facts set forth in this Announcement since such date.

本公告中包含的声明截至本公告日期作出，除非另行指定时间，发布本公告不应暗示自该日期以来公告中所述事实没有变化。

This Announcement does not constitute a prospectus or prospectus equivalent document.

本公告不构成招股说明书或招股说明书等效文件。

Overseas shareholders

海外股东

The release, publication or distribution of this Announcement in jurisdictions other than the United Kingdom, and the availability of the Acquisition to SolGold Shareholders who are not resident in the United Kingdom, may be restricted by the laws of those jurisdictions and therefore persons into whose possession this Announcement comes should inform themselves about and observe such restrictions. In particular, the ability of persons who are not resident in the United Kingdom to vote their SolGold Shares with respect to the Scheme at the Court Meeting, or to execute and deliver forms of proxy appointing another to vote at the Court Meeting on their behalf, may be affected by the laws of the relevant jurisdictions in which they are located. Further details in relation to Overseas Shareholders will be contained in the Scheme Document (or, if the Acquisition is implemented by way of a Takeover Offer, the Offer Document). Any failure to comply with any such restrictions may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, the companies and persons involved in the Acquisition disclaim any responsibility or liability for the violation of such restrictions by any person.

本公告在英国以外的司法管辖区的发布、出版或分发，以及对不居住在英国的 SolGold 股东的收购可用性，可能受到这些司法管辖区法律的限制，因此接触到本公告的人应自行了解并遵守这些限制。特别是，不居住在英国的人在法院会议上投票其 SolGold 股份的能力，或委托他人代表其在法院会议上投票的代理表格的执行和交付，可能会受到其所在相关司法管辖区法律的影响。有关海外股东的更多详细信息将包含在方案文件中（或者，如果收购是通过收购要约实施的，则在要约文件中）。任何未能遵守这些限制的行为可能构成对任何此类司法管辖区证券法的违反。在适用法律允许的最大范围内，参与收购的公司和个人对任何人违反这些限制不承担任何责任或义务。

Unless otherwise determined by JCHK or required by the Code, and permitted by applicable law and regulation, the Acquisition will not be made available, directly or indirectly, in, into or from a Restricted Jurisdiction. Accordingly, copies of this Announcement and all documents relating to the Acquisition are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from a Restricted Jurisdiction, and persons receiving this Announcement and all documents relating to the Acquisition (including custodians, nominees and trustees) must not mail or otherwise distribute or send them in, into or from such Restricted Jurisdiction. If the Acquisition is implemented by way of Takeover Offer (unless otherwise permitted by applicable law or regulation), the Takeover Offer may not be made, directly or indirectly, in or into, or by use of mails or any other means or instrumentality (including, without limitation, facsimile, e-mail or other electronic transmission, telex or telephone) of interstate or foreign commerce of, or any facility of a national, state or other securities exchange of any Restricted Jurisdiction and the Takeover Offer will not be capable of acceptance by any such use, means, instrumentality or facilities or from within any Restricted Jurisdiction.

除非 JCHK 另有决定或根据法规要求，并且在适用法律和法规允许的情况下，收购将不会直接或间接地在限制性司法管辖区内、进入或来自限制性司法管辖区。因此，本公告及与收购相关的所有文件不得直接或间接地邮寄或以其他方式转发、分发或发送到限制性司法管辖区，接收本公告及与收购相关的所有文件的人（包括保管人、提名人和受托人）不得邮寄或以其他方式分发或发送这些文件到限制性司法管辖区。如果收购是通过收购要约实施的（除非适用法律或法规另有允许），则该收购要约不得直接或间接地在限制性司法管辖区内进行，或通过邮件或任何其他手段或工具（包括但不限于传真、电子邮件或其他电子传输、电话或电报）进行，且该收购要约不得通过任何限制性司法管辖区的州际或外国商业设施或任何国家、州或其他证券交易所的设施进行接受。

This Announcement has been prepared in connection with proposals in relation to a scheme of arrangement pursuant to and for the purpose of complying with English law and the Code and information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws of jurisdictions outside the United Kingdom. Nothing in this Announcement should be relied on for any other purpose.

本公告是为遵循英国法律和法规而准备的与安排方案相关的提案，所披露的信息可能与如果本公告是根据英国以外的司法管辖区法律准备的情况下所披露的信息不同。本公告中的任何内容不应被依赖于其他目的。

The Acquisition shall be subject to the applicable requirements of the Code, the Panel, the London Stock Exchange and the Financial Conduct Authority.

收购应遵循适用的法规要求，包括《收购守则》、监管小组、伦敦证券交易所和金融行为监管局的要求。

Additional information for investors in the United States

针对美国投资者的额外信息

The Acquisition relates to the shares of a UK company which are admitted to the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities and is proposed to be effected by means of a scheme of arrangement under the laws of England and Wales. A transaction effected by means of a scheme of arrangement is not subject to the tender offer rules or the proxy solicitation rules under the US Exchange Act.

该收购涉及一家在 FCA 官方名单上和伦敦证券交易所上市证券的主市场上交易的英国公司的股份，拟通过根据英格兰和威尔士法律的安排方案实施。通过安排方案实施的交易不受美国《证券交易法》下的要约规则或代理征求规则的约束。

Accordingly, the Acquisition is subject to the disclosure and procedural requirements applicable in the United Kingdom to schemes of arrangement which differ from the requirements of United States tender offer and proxy solicitation rules.

因此，收购需遵循适用于英国安排方案的披露和程序要求，这些要求与美国要约和代理征求规则的要求不同。

However, if JCHK were to elect to implement the Acquisition by means of a Takeover Offer and determines to extend such Takeover Offer into the United States, such Takeover Offer shall be made in compliance with all applicable United States laws and regulations, including, without limitation, to the extent applicable, Section 14(e) of the US Exchange Act and Regulation 14E thereunder. Such a Takeover Offer would be made in the United States by JCHK and no one else.

然而，如果 JCHK 选择通过收购要约实施收购，并决定将该收购要约扩展到美国，则该收购要约应遵守所有适用的美国法律和法规，包括但不限于适用的《证券交易法》第 14(e) 条及其下的第 14E 条规。该收购要约将由 JCHK 在美国进行，其他任何人不得参与。

In the event that the Acquisition is implemented by way of Takeover Offer, in accordance with normal United Kingdom practice and pursuant to Rule 14e-5(b) of the US Exchange Act (if applicable), JCHK or its nominees, or its brokers (acting as agents), may from time to time make certain purchases of, or arrangements to purchase, shares or other securities of SolGold outside of the United States, other than pursuant such Takeover Offer, during the period in which such Takeover Offer would remain open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices and would comply with applicable law, including the US Exchange Act. Any information about such purchases or arrangements to purchase shall be disclosed as required in the UK, shall be reported to a Regulatory Information Service and shall be available on the London Stock Exchange website at www.londonstockexchange.com.

如果收购是通过收购要约实施的，根据正常的英国惯例和美国《证券交易法》第 14e-5(b) 条（如适用），JCHK 或其提名人或其经纪人（作为代理人）可能会在该收购要约开放接受的期间内不时进行某些购买或安排购买 SolGold 的股份或其他证券，除非根据该收购要约进行。这些购买可能在公开市场上以现行价格进行，或在私下交易中以协商价格进行，并将遵守适用法律，包括美国《证券交易法》。关于这些购买或购买安排的任何信息应按要求在英国披露，并应报告给监管信息服务，并应在伦敦证券交易所网站上提供，网址为 www.londonstockexchange.com。

The receipt of consideration by a US holder for the transfer of its SolGold Shares pursuant to the Scheme may be a taxable transaction for United States federal income tax purposes. Each SolGold Shareholder is urged to consult their independent professional adviser immediately regarding the tax consequences of the Acquisition applicable to them, including under applicable United States state and local, as well as overseas and other, tax laws.

根据方案，US 持有者收到的 SolGold 股份转让的对价可能在美国联邦所得税方面构成应税交易。每位 SolGold 股东都被敦促立即咨询其独立专业顾问，了解适用于他们的收购的税务后果，包括适用的美国州和地方税法，以及海外和其他税法。

Financial information relating to SolGold included in this Announcement and the Scheme Document has been or shall have been prepared in accordance with accounting standards applicable in the United Kingdom and may not be comparable to financial information of United States companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the United States ("US GAAP"). US GAAP differs in certain significant respects from accounting standards applicable in the United Kingdom. None of the financial information in this Announcement has been audited in accordance with auditing standards generally accepted in the United States or the auditing standards of the Public Company Accounting Oversight Board (United States).

本公告及方案文件中涉及的 SolGold 的财务信息已或将按照适用于英国的会计标准编制，可能无法与美国公司或其财务报表按照美国公认会计原则（"US GAAP"）编制的公司财务信息进行比较。US GAAP 在某些重要方面与适用于英国的会计标准存在差异。本公告中的财务信息均未按照美国公认的审计标准或美国公众公司会计监督委员会的审计标准进行审计。

It may be difficult for US holders of SolGold Shares to enforce their rights and any claim arising out of the US federal securities laws in connection with the Acquisition, since JCHK and SolGold are each organised in countries other than the United States, and some or all of their officers and directors may be residents of, and some or all of their assets may be located in, jurisdictions other than the United States. As a result, US holders of SolGold Shares may not be able to effect service of process upon a non-US company or its officers or directors or to enforce against them a judgment of a US court for violations of federal or state securities laws of the United States, including judgments based upon the civil liability provisions of the US federal securities laws. US holders of SolGold Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of US securities laws. Further, it may be difficult to compel a non-US company and its affiliates to subject themselves to a US court's jurisdiction or judgment.

对于 SolGold 股份的美国持有者来说，可能很难根据美国联邦证券法在收购过程中执行其权利和任何索赔，因为 JCHK 和 SolGold 均在美国以外的国家注册成立，并且他们的部分或全部高管和董事可能是居住在美国以外的地区，部分或全部资产可能位于美国以外的司法管辖区。因此，SolGold 股份的美国持有者可能无法对非美国公司或其高管或董事进行送达程序，或对他们执行美国法院针对违反美国联邦或州证券法的判决，包括基于美国联邦证券法的民事责任条款的判决。SolGold 股份的美国持有者可能无法在非美国法院对非美国公司或其高管或董事提起诉讼，因其违反美国证券法。此外，可能很难强制非美国公司及其附属公司接受美国法院的管辖或判决。

Neither the US Securities and Exchange Commission nor any US state securities commission has approved or disproved or passed judgment upon the fairness or the merits of the Acquisition or determined if this Announcement is adequate, accurate or complete. Any representation to the contrary is a criminal offence in the United States.

美国证券交易委员会及任何美国州证券委员会均未批准、否定或对收购的公平性或优点作出判断，也未确定本公告是否充分、准确或完整。任何相反的陈述在美国都是刑事犯罪。

Forward-looking statements

前瞻性声明

This Announcement (including information incorporated by reference in this Announcement), oral statements made regarding the Acquisition, and other information published by JCHK or SolGold may contain statements about JCHK and SolGold that are or may be deemed to be "forward-looking statements". Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of JCHK and SolGold (as applicable) about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements.

本公告（包括本公告中引用的信息）、关于收购的口头声明以及 JCHK 或 SolGold 发布的其他信息可能包含关于 JCHK 和 SolGold 的声明，这些声明被视为或可能被视为"前瞻性声明"。前瞻性声明具有前瞻性特征，并非基于历史事实，而是基于 JCHK 和 SolGold 管理层（如适用）对未来事件的当前预期和预测，因此受到风险和不确定性的影响，这可能导致实际结果与前瞻性声明所表达或暗示的未来结果存在重大差异。

The forward-looking statements contained in this Announcement include statements with respect to the financial condition, results of operations and business of SolGold and certain plans and objectives of JCHK with respect thereto and other statements other than historical facts. Often, but not always, forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and may use forward-looking words, phrases and expressions such as "anticipate", "target", "expect", "believe", "intend", "foresee", "predict", "project", "estimate", "forecast", "intend", "plan", "budget", "scheduled", "goal", "believe", "hope", "aims", "continue", "likely", "will", "may", "might", "should", "would", "could", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe objectives, plans or goals are or may be forward-looking statements. These statements are based on assumptions and assessments made by SolGold and/or JCHK in light of their experience and their perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve known and unknown risk and uncertainty and other factors which may cause actual results, performance, actions, achievements or developments to differ materially from those expressed in or implied by such, because they relate to events and depend on circumstances that will occur in the future. Although JCHK and/or SolGold believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this Announcement.

本公告中包含的前瞻性声明包括关于 SolGold 的财务状况、经营结果和业务的声明，以及 JCHK 对此的某些计划和目标的声明，以及其他非历史事实的声明。通常，但并非总是，前瞻性声明可以通过其不只涉及历史或当前事实的特征来识别，并可能使用前瞻性词汇、短语和表达方式，如"预期"、"目标"、"期望"、"相信"、"打算"、"预见"、"预测"、"项目"、"估计"、"预测"、"打算"、"计划"、"预算"、"安排"、"目标"、"相信"、"希望"、"旨在"、"继续"、"可能"、"将"、"可能"、"应该"、"会"、"能够"、"寻求"、"计划"、"安排"、"可能"、"继续"、"潜在"、"展望"、"目标"或其他类似的词、短语和表达；但缺乏这些词并不意味着该声明不是前瞻性声明。同样，描述目标、计划或目标的声明可能是前瞻性声明。这些声明基于 SolGold 和/或 JCHK 在其经验和对历史趋势、当前状况、未来发展及其他他们认为适当的因素的看法下所做的假设和评估。由于前瞻性声明本质上涉及已知和未知的风险和不确定性以及其他因素，这可能导致实际结果、表现、行动、成就或发展与这些声明中表达或暗示的结果存在重大差异，因为它们涉及未来将发生的事件并依赖于将来发生的情况。尽管 JCHK 和/或 SolGold 相信这些前瞻性声明中反映的预期是合理的，但无法保证这些预期将被证明是正确的，因此建议您不要对这些仅在本公告日期时有效的前瞻性声明过度依赖。

There are a number of factors which could cause actual results, performance, actions, achievements or developments to differ materially from those expressed or implied in forward-looking statements. Such factors include, but are not limited to: the ability to proceed with or complete the Acquisition; the ability to obtain requisite regulatory and shareholder approvals and the satisfaction of other Conditions on the proposed terms; changes in the global, political, economic, social, business and competitive environments and in market and regulatory forces; changes in future inflation, deflation, exchange and interest rates; changes in tax and national insurance rates; future business combinations, capital expenditures, acquisitions or dispositions; changes in general and economic business conditions; changes in the behaviour of other market participants; the anticipated benefits of the Acquisition not being realised as a result of changes in general economic and market conditions in the countries in which JCHK and SolGold operate; changes in or enforcement of national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalisation of property and political or economic developments in the countries in which JCHK and SolGold carry on business or may carry on business in the future; fluctuations in the spot and forward price of relevant minerals or certain other commodities (such as diesel fuel, natural gas and electricity); the results of exploration activities and feasibility studies; the speculative nature of mineral exploitation and development; risks that exploration data may be incomplete and considerable additional work may be required to complete future evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; possible variations of ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; discovery of archaeological ruins; risk of loss due to acts of war, terrorism, sabotage and civil disturbances operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required infrastructure and information technology systems; outcome of pending or future litigation proceedings; the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the internal control over financial reporting; other business and operational risks and challenges; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary notices, concessions, permits and approvals; weak, volatile or illiquid capital and/or credit markets; changes in the degree of competition in the geographic and business areas in which JCHK and SolGold operate any public health crises, pandemics or epidemics (including but not limited to the COVID-19 pandemic) and repercussions thereof; changes to the boards of directors of JCHK and/or SolGold and/or the composition of their respective workforces; safety and technology risks; exposures to terrorist activity, IT system failures, cyber-crime, fraud and pension scheme liabilities; risks relating to environmental matters such as climate change including JCHK and/or SolGold's ability along with the government and other stakeholders to measure, manage and mitigate the impacts of climate change effectively; changes to law and/or the policies and practices of regulatory and governmental bodies; Russia's invasion of Ukraine, conflicts in the Middle East, and any cost of living crisis or recession. Other unknown or unpredictable factors could cause actual results, performance, actions, achievements or developments to differ materially from those expected, estimated or projected in the forward-looking statements. If any one or more of these risks or uncertainties materialises or if any one or more of the assumptions proves incorrect, actual results, performance, actions, achievements or developments may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors.

有多种因素可能导致实际结果、表现、行动、成就或发展与前瞻性声明中所表达或暗示的内容存在重大差异。这些因素包括但不限于：进行或完成收购的能力；获得必要的监管和股东批准的能力以及满足提议条款下的其他条件；全球、政治、经济、社会、商业和竞争环境以及市场和监管力量的变化；未来通货膨胀、通货紧缩、汇率和利率的变化；税收和国家保险费率的变化；未来的商业合并、资本支出、收购或处置；一般和经济商业条件的变化；其他市场参与者行为的变化；由于 JCHK 和 SolGold 运营所在国家的一般经济和市场条件变化，收购的预期收益未能实现；国家和地方政府立法、税收、管制或法规的变化及其执行，以及法律、政策和实践的管理变化、财产的征用或国有化，以及 JCHK 和 SolGold 在其经营或未来可能经营的国家的政治或经济发展；相关矿物或某些其他商品（如柴油、天然气和电力）现货和期货价格的波动；勘探活动和可行性研究的结果；矿产开发的投机性质；勘探数据可能不完整，未来评估可能需要大量额外工作，包括但不限于钻探、工程和社会经济研究及投资；矿石品位或回收率的可能变化；事故、劳资纠纷及其他矿业风险；考古遗址的发现；因战争、恐怖主义、破坏和社会动荡造成的损失风险；与采矿或开发活动相关的操作或技术困难，包括地质技术挑战以及所需基础设施和信息技术系统的维护或提供中断；待决或未来诉讼程序的结果；未能保持有效的财务报告内部控制或有效的披露控制和程序，无法补救一个或多个重大缺陷，或发现额外的重大缺陷；其他商业和运营风险与挑战；未能遵守环境及健康与安全法律法规；必要通知、特许权、许可证和批准的接收时间或未能遵守；资本和/或信贷市场疲软、波动或流动性不足；JCHK 和 SolGold 运营的地理和商业领域竞争程度的变化；任何公共卫生危机、流行病或疫情（包括但不限于 COVID-19 疫情）及其后果；JCHK 和/或 SolGold 董事会的变化及其各自员工构成的变化；安全和技术风险；面临恐怖活动、IT 系统故障、网络犯罪、欺诈和养老金计划负债的风险；与环境问题相关的风险，如气候变化，包括 JCHK 和/或 SolGold 与政府及其他利益相关者共同有效衡量、管理和减轻气候变化影响的能力；法律和/或监管和政府机构政策和实践的变化；俄罗斯入侵乌克兰、中东冲突，以及任何生活成本危机或经济衰退。其他未知或不可预测的因素可能导致实际结果、表现、行动、成就或发展与前瞻性声明中预期、估计或预测的内容存在重大差异。如果这些风险或不确定性中的任何一个或多个实现，或如果任何一个或多个假设被证明不正确，实际结果、表现、行动、成就或发展可能与预期、估计或预测存在重大差异。因此，应根据这些因素来理解这些前瞻性声明。

None of JCC, JCHK or SolGold, nor any of their respective associates, directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this Announcement will actually occur. Given the risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements.

JCC、JCHK 或 SolGold 及其各自的关联方、董事、管理人员或顾问均不对本公告中任何前瞻性声明所表达或暗示的事件的发生提供任何陈述、保证或担保。鉴于风险和不确定性，您被提醒不要对这些前瞻性声明过度依赖。

None of JCC, JCHK or SolGold assumes any obligation to update or correct the information contained in this Announcement (whether as a result of new information, future events or otherwise), except as required by applicable law. All subsequent written or oral forward-looking statements attributable to JCC, JCHK or SolGold or any person acting on their behalf are qualified by the cautionary statements herein.

JCC、JCHK 或 SolGold 不承担更新或更正本公告中所含信息的任何义务（无论是由于新信息、未来事件还是其他原因），除非适用法律要求。所有后续书面或口头的前瞻性声明，归因于 JCC、JCHK 或 SolGold 或任何代表他们行事的人，均受此处的警示性声明的限制。

No profit forecasts or estimates

没有利润预测或估计

No statement in this Announcement is intended as, or is to be construed as, a profit forecast, profit estimate or quantified financial benefit statement for any period and no statement in this Announcement should be interpreted to mean that earnings or earnings per share for SolGold for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for SolGold.

本公告中的任何声明均不旨在被解释为或被理解为任何期间的利润预测、利润估计或量化财务利益声明，本公告中的任何声明不应被解读为 SolGold 在当前或未来财务年度的收益或每股收益必然会匹配或超过 SolGold 历史公布的收益或每股收益。

Disclosure requirements of the Code

《守则》的披露要求

Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the Announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the Announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

根据规则 8.3(a)，任何对要约公司或任何证券交换要约人（即除已宣布其要约为或可能仅为现金的要约人外的任何要约人）相关证券的 1% 或以上的任何类别感兴趣的人，必须在要约期开始后以及在首次识别任何证券交换要约人的公告后（如果晚于此）进行开盘头寸披露。开盘头寸披露必须包含该人对（i）要约公司和（ii）任何证券交换要约人相关证券的兴趣、空头头寸及认购权的详细信息。适用规则 8.3(a) 的人的开盘头寸披露必须在要约期开始后的第 10 个工作日的伦敦时间下午 3:30 之前进行，如果适用，则必须在首次识别任何证券交换要约人的公告后的第 10 个工作日的伦敦时间下午 3:30 之前进行。在开盘头寸披露截止日期之前，涉及要约公司或证券交换要约人相关证券的相关人士必须进行交易披露。

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.

根据规则 8.3(b)，任何对要约公司或任何证券交换要约人相关证券的 1% 或以上的任何类别感兴趣的人，必须在其交易任何要约公司或证券交换要约人的相关证券时进行交易披露。交易披露必须包含相关交易的详细信息以及该人对（i）要约公司和（ii）任何证券交换要约人相关证券的兴趣、空头头寸及认购权的详细信息，除非这些详细信息已根据规则 8 之前披露。适用规则 8.3(b) 的人的交易披露必须在相关交易日期后的工作日的伦敦时间下午 3:30 之前进行。

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they shall be deemed to be a single person for the purpose of Rule 8.3.

如果两个或更多人根据协议或理解（无论是正式还是非正式）共同采取行动，以获取或控制对要约公司或证券交换要约人相关证券的兴趣，他们将被视为规则 8.3 下的单一主体。

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

要约公司和任何要约人也必须进行开盘头寸披露，交易披露也必须由要约公司、任何要约人以及与他们中的任何人协同行动的任何人进行（见规则 8.1、8.2 和 8.4）。

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at http://www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

有关必须进行开盘头寸披露和交易披露的要约公司和要约公司的详细信息可以在面板网站的披露表中找到，网址为 http://www.thetakeoverpanel.org.uk，包括发行的相关证券数量、要约期何时开始以及任何要约人首次被识别的时间。如果您对是否需要进行开盘头寸披露或交易披露有任何疑问，请联系面板的市场监测单位，电话为 +44 (0) 20 7638 0129。

Information relating to SolGold Shareholders

与 SolGold 股东相关的信息

Please be aware that addresses, electronic addresses and certain information provided by SolGold Shareholders, persons with information rights and other relevant persons for the receipt of communications from SolGold may be provided to JCHK during the Offer Period as requested under Section 4 of Appendix 4 of the Code.

请注意，SolGold 股东、信息权利人及其他相关人士提供的地址、电子地址及某些信息，可能会在要约期内根据《守则》第 4 附录的要求提供给 JCHK。

Publication on website and availability of hard copies

网站发布及纸质副本的可用性

A copy of this Announcement will made be available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on the website of SolGold at https://solgold.com/investors/possible-offer-terms/ and of JCC at https://en.jxcc.com/channel/714e12366e4a46be8447ea019022c228.html by no later than 12 noon (London time) on the Business Day following the date of this Announcement. The content of those websites are not incorporated into and do not form part of this Announcement.

本公告的副本将在某些与受限司法管辖区居民相关的限制下，最迟于本公告日期后的工作日中午 12 点（伦敦时间）在 SolGold 网站 https://solgold.com/investors/possible-offer-terms/和 JCC 网站 https://en.jxcc.com/channel/714e12366e4a46be8447ea019022c228.html 上提供。那些网站的内容不被纳入本公告中，也不构成本公告的一部分。

Right to receive documents in hard copy form

以纸质形式接收文件的权利

SolGold Shareholders, persons with information rights and participants in the SolGold Share Plans may request a hard copy of this Announcement, free of charge, by: (i) contacting Computershare Investor Services Plc during business hours on +44 (0) 370 707 1305 (lines are open from 9.00 a.m. to 5.30 p.m., Monday to Friday (excluding public holidays in England and Wales)); or (ii) by submitting a request via email to webcorres@computershare.co.uk. A person so entitled may also request that all future documents, announcements and information in relation to the Acquisition be sent to them in hard copy form.

SolGold 股东、信息权利人及 SolGold 股权计划的参与者可以通过以下方式免费请求本公告的纸质副本：(i) 在工作时间拨打 +44 (0) 370 707 1305 联系 Computershare Investor Services Plc（电话开放时间为周一至周五上午 9:00 至下午 5:30，英国和威尔士的公共假期除外）；或 (ii) 通过电子邮件向 webcorres@computershare.co.uk 提交请求。符合条件的人也可以请求将与收购相关的所有未来文件、公告和信息以纸质形式发送给他们。

Rounding

四舍五入

Certain figures included in this Announcement have been subjected to rounding adjustments. Accordingly, figures shown for the same category presented in different tables may vary slightly and figures shown as totals in certain tables may not be an arithmetic aggregation of the figures that precede them.

本公告中包含的某些数字经过了四舍五入调整。因此，在不同表格中呈现的同一类别的数字可能会略有不同，并且在某些表格中显示的总数可能不是前面数字的算术总和。

Rule 2.9 Disclosure

规则 2.9 披露

In accordance with Rule 2.9 of the Code, SolGold confirms that, as at the date of this Announcement, it has in issue 3,009,973,641 ordinary shares of 1 pence each with voting rights. SolGold does not hold any ordinary shares in treasury. The SolGold Shares are admitted to trading on the London Stock Exchange and their International Securities Identification Number code is GB00B0WD0R35.

根据规则 2.9，SolGold 确认，截至本公告日期，其已发行的普通股为 3,009,973,641 股，每股面值 1 便士，具有投票权。SolGold 不持有任何库存普通股。SolGold 股份已在伦敦证券交易所上市，其国际证券识别号码代码为 GB00B0WD0R35。

General

一般

If you are in any doubt about the contents of this Announcement or the action you should take, you are recommended to seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or independent financial adviser duly authorised under FSMA if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser.

如果您对本公告的内容或您应采取的行动有任何疑问，建议您立即向您的股票经纪人、银行经理、律师、会计师或在英国根据《金融服务和市场法》（FSMA）获得适当授权的独立财务顾问寻求独立的财务建议；如果您不在英国，则应向其他适当授权的独立财务顾问寻求建议。

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

不得在任何司法管辖区内或从任何司法管辖区发布、出版或分发本公告的全部或部分内容，若这样做将构成对该司法管辖区相关法律的违反。

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

本公告包含内幕信息。

FOR IMMEDIATE RELEASE

立即发布。

24 December 2025

2025年12月24日

RECOMMENDED CASH ACQUISITION

推荐现金收购

由

SolGold plc ("SolGold")

SolGold plc（"SolGold"）

由

Jiangxi Copper (Hong Kong) Investment Company Limited ("JCHK")

江西铜业（香港）投资有限公司（"JCHK"）

to be implemented by means of a scheme of arrangement

通过安排计划实施

under Part 26 of the Companies Act 2006

根据《2006 年公司法》第 26 部分

1 Introduction

1 引言

The boards of directors of SolGold and JCHK, for and on behalf of Jiangxi Copper Company Limited ("JCC"), are pleased to announce that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of SolGold (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.

SolGold 和 JCHK 的董事会代表江西铜业有限公司（"JCC"）高兴地宣布，他们已就推荐的全现金收购 SolGold 全部已发行及待发行普通股本的条款达成协议（"收购"）。该收购将通过根据《公司法》第 26 部分的安排计划实施。

2 The Acquisition

2 收购

Under the terms of the Acquisition, which shall be subject to the Conditions and further terms set out in Appendix I to this Announcement and to be set out in the Scheme Document, SolGold Shareholders will be entitled to receive:

根据收购条款，受本公告附录 I 中列出的条件和进一步条款的约束，SolGold 股东将有权获得：

28 pence in cash per SolGold Share (the "Cash Consideration")

每股 SolGold 28 便士现金（"现金对价"）

The Cash Consideration values the entire issued and to be issued share capital of SolGold at approximately £867 million, and represents:

现金对价使 SolGold 的全部已发行及待发行股本的估值约为 8.67 亿英镑，并且代表：

· a premium of c.42.9% to the closing price of 19.6 pence per SolGold share on 19 November 2025, being the last business day prior to JCC's first approach to the SolGold Board;

· 相较于2025年11月19日SolGold 每股 19.6 便士的收盘价，溢价约 42.9%；

· a premium of c.58.8% to the volume weighted average share price of c.17.6 pence per SolGold share over the three months to 27 November 2025, being the last business day prior to the announcement by SolGold of JCC's initial proposal;

· 相较于截至2025年11月27日的三个月内 SolGold 每股约 17.6 便士的成交量加权平均股价，溢价约 58.8%；

· a premium of c.136.4% to the volume weighted average share price of c.11.8 pence per SolGold share over the twelve months to 27 November 2025; and

· 相较于截至2025年11月27日的十二个月内 SolGold 每股约 11.8 便士的成交量加权平均股价，溢价约 136.4%；以及

· a premium of c.7.1% to the closing price of c.26.2 pence per SolGold share on 27 November 2025, following a 33.4% increase in the SolGold share price since 19 November 2025.

· 相较于2025年11月27日SolGold 每股约 26.2 便士的收盘价，溢价约 7.1%，自2025年11月19日以来 SolGold 股价上涨了 33.4%。

If, on or after the date of this Announcement and on or prior to the Effective Date, any dividend and/or other distribution and/or return of capital is authorised, declared, made or paid or becomes payable in respect of SolGold Shares, JCHK reserves the right to reduce the Cash Consideration by an amount equal to all or part of any such dividend and/or other distribution and/or return of capital, in which case SolGold Shareholders would be entitled to receive and retain any such dividend and/or other distribution and/or return of capital authorised, declared, made or paid.

如果在本公告日期后及生效日期之前，任何关于 SolGold 股份的股息和/或其他分配和/或资本回报被授权、宣布、支付或变得可支付，JCHK 保留权利以等于所有或部分该等股息和/或其他分配和/或资本回报的金额减少现金对价，在这种情况下，SolGold 股东将有权获得并保留任何已授权、宣布、支付或变得可支付的股息和/或其他分配和/或资本回报。

The Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the General Meeting will be distributed to SolGold Shareholders (along with the Forms of Proxy for use in connection with the Court Meeting and the General Meeting) as soon as reasonably practicable and, in any event (save with the consent of the Panel), within 28 days of the date of this Announcement.

包含有关收购的进一步信息以及法院会议和股东大会通知的安排文件将尽快分发给 SolGold 股东（连同用于法院会议和股东大会的代理表格），并且在任何情况下（除非获得小组的同意），将在本公告日期后的 28 天内分发。

3 Background to and reasons for the Acquisition

3 收购的背景及原因

As a consequence of JCHK being the largest individual shareholder in SolGold, JCC is familiar with Cascabel and SolGold's exploration portfolio. JCC is aligned with SolGold's long-term goals to define a clear development pathway to bring Cascabel into production, and has been a shareholder in SolGold since November 2020, now owning c.12.2% of SolGold's issued share capital.

由于 JCHK 是 SolGold 最大的单一股东，JCC 对 Cascabel 及 SolGold 的勘探组合非常熟悉。JCC 与 SolGold 的长期目标一致，旨在明确开发路径以使 Cascabel 投入生产，并自 2020 年 11 月以来一直是 SolGold 的股东，目前持有 SolGold 已发行股本的约 12.2%。

JCC shares SolGold management's vision that Cascabel carries the potential to deliver immense value to global mineral supply. While recognising that SolGold's management has significantly advanced the Cascabel Project, JCC believes additional work and investment is needed to establish JCC's own development plan and optimise the Project's value over the entire life of mine. With JCC's technical capabilities, engineering, supply chain and financial resources, and knowledge of the project through its past investment, JCC believes that it is well positioned to develop and finance Cascabel with greater certainty, in order to unlock its future growth potential. JCC will, as a well-capitalised and supportive investor with a strong track record in developing assets, commit financing and development resources on the path to production.

JCC 与 SolGold 管理层的愿景一致，认为 Cascabel 有潜力为全球矿产供应带来巨大的价值。虽然承认 SolGold 管理层已显著推进 Cascabel 项目，JCC 认为需要额外的工作和投资来建立 JCC 自己的开发计划，并在整个矿山生命周期内优化项目的价值。凭借 JCC 的技术能力、工程、供应链和财务资源，以及通过过去的投资对项目的了解，JCC 相信自己在开发和融资 Cascabel 方面处于良好位置，以更大的确定性释放其未来增长潜力。作为一个资本充足且支持的投资者，JCC 将承诺在生产路径上提供融资和开发资源。

4 Recommendation

4 推荐

The SolGold Directors, who have been so advised by RBC Capital Markets as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. RBC Capital Markets is providing independent financial advice to the SolGold Directors for the purposes of Rule 3 of the Code. In providing its advice to the SolGold Directors, RBC Capital Markets has taken into account the commercial assessments of the SolGold Directors.

SolGold 董事会在 RBC 资本市场的财务条款建议下，认为收购条款公平合理。RBC 资本市场为 SolGold 董事会提供独立财务建议，以符合《守则》第 3 条的要求。在向 SolGold 董事会提供建议时，RBC 资本市场考虑了 SolGold 董事会的商业评估。

Accordingly, the SolGold Directors intend to recommend unanimously that SolGold Shareholders vote in favour of the Scheme at the Court Meeting and the resolution to be proposed at the General Meeting, as the SolGold Directors have irrevocably undertaken to do in respect of their own beneficial holdings of 83,597,123 SolGold Shares, representing, in aggregate, approximately 2.8% of the ordinary share capital of SolGold in issue on the Latest Practicable Date.

因此，SolGold 董事会打算一致推荐 SolGold 股东在法院会议上投票支持该安排，并在股东大会上提出的决议，SolGold 董事会已不可撤销地承诺就其持有的 83,597,123 股 SolGold 股份投票，代表 SolGold 已发行普通股本的约 2.8%。

5 Background to and reasons for the recommendation

5 推荐的背景及原因

Founded in 2006, SolGold has established itself as one of the largest concession holders in Ecuador. The Company's flagship project, Cascabel ("Cascabel" or the "Project"), located in northern Ecuador's Imbabura Province, represents one of the world's most significant undeveloped copper-gold porphyry deposits.

成立于 2006 年，SolGold 已成为厄瓜多尔最大的特许权持有者之一。公司的旗舰项目 Cascabel（"Cascabel"或"项目"）位于厄瓜多尔北部的因巴布拉省，是全球最重要的未开发铜金矿床之一。

The SolGold Board believes the Company has made substantial progress since the appointment of its new Chief Executive Officer in March this year, in re-framing the plan for the Cascabel Project, advancing permitting and key initiatives in country and, overall, re-working the strategy of the Company. The Board believes this progress has been reflected in the Company's strong share price performance over the course of this period.

SolGold 董事会认为，自今年 3 月新首席执行官上任以来，公司在重新制定 Cascabel 项目计划、推进许可和国家关键举措以及整体重塑公司战略方面取得了显著进展。董事会认为，这一进展在公司股价表现强劲的过程中得到了体现。

The offer

要约

The SolGold Board received an unsolicited initial indicative offer on 20 November 2025 from JCC at an offer price of 24p per share, which was rejected by the SolGold Board. JCC then submitted a revised offer at 26p per share on 28 November 2025. This revised offer was rejected, as disclosed in the "possible offer" announcement on the same day.

SolGold 董事会于2025年11月20日收到 JCC 的非正式初步指示性要约，报价为每股 24 便士，但被 SolGold 董事会拒绝。JCC 随后于2025年11月28日提交了每股 26 便士的修订要约。该修订要约也被拒绝，具体情况在同一天的"可能要约"公告中披露。

JCC provided a further revised offer at 28p per share on 11 December 2025, following a series of discussions between the SolGold Board and JCC. The SolGold Directors, consistent with their fiduciary duties, consulted with its largest shareholders, who indicated that they would be supportive of an offer on these terms, as detailed in the Rule 2.4 announcement dated 12 December 2025.

在 SolGold 董事会与 JCC 之间进行了一系列讨论后，JCC 于2025年12月11日提供了每股 28 便士的进一步修订要约。SolGold 董事在履行其信托责任的过程中，与其最大股东进行了咨询，股东表示他们会支持该条款的要约，具体情况详见2025年12月12日的规则 2.4 公告。

In light of this support from its shareholders, in particular the support from BHP Billiton Holdings Limited and Newcrest International Pty Ltd, and following discussions with its advisers and other large shareholders in SolGold, the SolGold Board considered that all of SolGold's shareholders should be given the opportunity to consider the Acquisition.

鉴于股东的支持，特别是 BHP Billiton Holdings Limited 和 Newcrest International Pty Ltd 的支持，并在与其顾问及其他大型股东进行讨论后，SolGold 董事会认为所有 SolGold 的股东都应有机会考虑此次收购。

Consequently, the SolGold Board indicated to JCC that it would be minded to recommend a transaction to shareholders on the terms proposed on 11 December 2025.

因此，SolGold 董事会向 JCC 表示，他们倾向于推荐2025年12月11日提出的条款的交易给股东。

The SolGold Board and JCC have since finalised transaction documentation and agreed the terms of this firm offer to SolGold Shareholders. SolGold's largest shareholders continue to be supportive, and JCC has procured commitments to vote in favour of the resolutions relating to the Acquisition from BHP Billiton Holdings Limited, Newcrest International Pty Ltd and Maxit Capital LP and its affiliates. These shareholders represent in aggregate 773,642,395 SolGold Shares (representing approximately 25.7% per cent. of SolGold's ordinary share capital on the Latest Practicable Date).

SolGold 董事会与 JCC 随后完成了交易文件，并就此向 SolGold 股东提出的正式要约达成了一致。SolGold 的最大股东继续表示支持，JCC 已获得 BHP Billiton Holdings Limited、Newcrest International Pty Ltd 和 Maxit Capital LP 及其附属公司的投票承诺，支持与收购相关的决议。这些股东合计持有 773,642,395 股 SolGold 股份（约占 SolGold 普通股本的 25.7%）。

The SolGold Directors have taken all relevant factors into account in considering the financial terms of the offer, including among others:

SolGold 董事在考虑要约的财务条款时已考虑所有相关因素，包括但不限于：

· the certainty that the Acquisition provides SolGold shareholders when weighed against the inherent uncertainty in delivering potential future value on a standalone basis, especially in the context of the need to raise significant additional capital, the terms of which are uncertain; and

· 收购为 SolGold 股东提供的确定性，与在独立基础上实现潜在未来价值的固有不确定性相比，尤其是在需要筹集大量额外资本的背景下，而这些资本的条款是不确定的；以及

· the feasibility of and risks associated with alternative strategic options to deliver greater value for SolGold Shareholders compared to the certainty and cash proceeds that the Acquisition provides.

· 与其他战略选择相比，提供更大价值的可行性和风险，这些选择与收购所提供的确定性和现金收益相比。

Therefore, after careful consideration together with its financial and legal advisers, the SolGold Directors have concluded that the Acquisition is in the best interests of SolGold Shareholders and SolGold as a whole. Accordingly, the SolGold Directors unanimously recommend the Acquisition to SolGold Shareholders.

因此，在与其财务和法律顾问仔细考虑后，SolGold 董事得出结论，收购符合 SolGold 股东和 SolGold 整体的最佳利益。因此，SolGold 董事会一致推荐收购给 SolGold 股东。

6 Shareholder support

6 股东支持

JCHK has received irrevocable undertakings from BHP Billiton Holdings Limited, Newcrest International Pty Ltd and Maxit Capital LP (and its affiliates) to vote (or procure the vote) in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting in respect of their beneficial interests in SolGold Shares amounting, in aggregate, to 773,642,395 SolGold Shares, representing approximately 25.7% of the entire issued share capital of SolGold on the Latest Practicable Date.

JCHK 已从 BHP Billiton Holdings Limited、Newcrest International Pty Ltd 和 Maxit Capital LP（及其附属公司）获得不可撤销的承诺，支持在法院会议上和将在股东大会上提出的特别决议中投票（或促成投票），其在 SolGold 股份中的受益权益总计为 773,642,395 股 SolGold 股份，约占 SolGold 在最新可行日期的全部已发行股本的 25.7%。

Taken together with the irrevocable undertakings given by the SolGold Directors, JCHK has therefore received irrevocable undertakings in respect of a total of 857,239,518 SolGold Shares representing, in aggregate, approximately 28.5% per cent. of the issued share capital of SolGold on the Latest Practicable Date

结合 SolGold 董事所给予的不可撤销承诺，JCHK 因此已获得总计 857,239,518 股 SolGold 股份的不可撤销承诺，合计约占 SolGold 在最新可行日期的已发行股本的 28.5%。

Further details of these irrevocable undertakings are set out in Appendix III to this Announcement.

有关这些不可撤销承诺的更多细节见本公告的附录 III。

7 Information on JCC and JCHK

7 关于 JCC 和 JCHK 的信息

JCC

· JCC 总部位于中国，其股票在上海证券交易所（"SSE"）和香港证券交易所（"HKEX"）上市，是全球最大的铜产品生产和供应商之一。JCC 从事铜和金的开采、磨矿、冶炼和精炼，以及铜阴极和其他有色金属及化学产品的生产和销售。JCC 在开发和运营复杂的矿业和冶炼项目方面拥有丰富的经验。

· In 2024, JCC recorded USD 72.6 billion in annual revenue and maintains a significant global footprint across Asia, Africa, and the Americas.

· 在 2024 年，JCC 的年收入为 726 亿美元，并在亚洲、非洲和美洲拥有显著的全球足迹。

· JCC, through its subsidiaries Gemstone 102 Ltd and JCHK, has been a shareholder in SolGold since November 2020.

· JCC 通过其子公司 Gemstone 102 Ltd 和 JCHK，自 2020 年 11 月以来一直是 SolGold 的股东。

JCHK

· JCHK, established in 2016, is a wholly owned subsidiary of JCC. JCHK serves as JCC's international investment vehicle and is focused on the investments in nonferrous and precious metal sectors.

· JCHK 成立于 2016 年，是 JCC 的全资子公司。JCHK 作为 JCC 的国际投资工具，专注于有色金属和贵金属领域的投资。

· JCHK 自 2022 年 12 月以来一直是 SolGold 的股东。自 2025 年 3 月从 SolGold Canada Inc.收购股份后，JCHK 目前直接和间接持有约 12.2% 的 SolGold 已发行股本。

8 Information on SolGold

8 关于 SolGold 的信息

· SolGold 是一家领先的矿产勘探和开发公司。该公司专注于发现、定义和开发世界级的铜和金矿床。SolGold 致力于负责任的采矿实践、可持续发展，并与当地社区建立有意义的合作关系。

· SolGold 成立于 2006 年，已成为厄瓜多尔最大的特许权持有者之一，正在对极具前景的安第斯铜带进行全面勘探。公司的旗舰项目 Cascabel 位于厄瓜多尔北部的 Imbabura 省，代表了世界上最重要的未开发铜金斑岩矿床之一，并有望成为南美的基石矿业项目。

· Cascabel 项目包含两个重要矿床：Alpala 斑岩铜金银矿床和 Tandayama-América 斑岩铜金矿床。这些矿化系统位于从南智利延伸至厄瓜多尔、哥伦比亚和巴拿马的安第斯斑岩带内，拥有世界上最大的铜矿集中。

· SolGold Shares are publicly traded on the London Stock Exchange main market (symbol: SOLG). The SolGold Group has offices in Zug, Switzerland, London, United Kingdom and Quito, Ecuador.

· SolGold 的股票在伦敦证券交易所主板上市（代码：SOLG）。SolGold 集团在瑞士楚格、英国伦敦和厄瓜多尔基多设有办事处。

JCC's strategic plans and intentions for SolGold

JCC 对 SolGold 的战略计划和意图

Strategic plans for SolGold

SolGold 的战略计划

JCC shares SolGold management's vision that Cascabel carries the potential to deliver immense value to SolGold's stakeholders. While recognising that SolGold's management has significantly advanced the Cascabel Project, JCC believes additional work and investment is needed to establish JCC's own development plan and optimise the Project's value over the entire life of mine.

JCC 与 SolGold 管理层分享 Cascabel 能够为 SolGold 的利益相关者带来巨大价值的愿景。虽然承认 SolGold 的管理层在 Cascabel 项目上取得了显著进展，但 JCC 认为还需要进一步的工作和投资，以建立 JCC 自己的发展计划，并在整个矿山生命周期内优化项目的价值。

Following completion of the Acquisition, JCC intends to work closely with SolGold to develop its own comprehensive development plan to optimise the Project's value over its life of mine, including definition of an overall mine plan that covers Tandayama open-pit, Alpala sub-level caving and Alpala block cave, long-term TSF solution, detailed engineering and procurement planning, power and water infrastructure development, and provide the necessary investment in order to deliver on the exciting potential of Cascabel. With JCC's technical capabilities, engineering, supply chain and financial resources, and knowledge of the Project through its past investment, JCC believes that it is well positioned to develop and finance Cascabel and unlock its future growth potential.

在收购完成后，JCC 打算与 SolGold 紧密合作，制定自己的全面发展计划，以优化项目在其矿山生命周期内的价值，包括定义涵盖 Tandayama 露天矿、Alpala 分层崩落和 Alpala 块崩落的整体矿山计划、长期尾矿库解决方案、详细的工程和采购规划、电力和水资源基础设施开发，并提供必要的投资，以实现 Cascabel 的激动人心的潜力。凭借 JCC 的技术能力、工程、供应链和财务资源，以及通过过去投资对项目的了解，JCC 相信自己在开发和融资 Cascabel 方面处于良好位置，并能够释放其未来的增长潜力。

JCC also plans to undertake, with input from the SolGold management team, a comprehensive review of SolGold's regional exploration assets following the Acquisition in order to consider how to best maximise value from these assets, which may include planning for exploration and development with potential partners on some of these assets. JCC, with input from the SolGold management team, will also assess whether any further regional exploration work would be in the best interests of the Company. JCC expects this review to be completed within 12 months of completion of the Acquisition. The outcome of this detailed review will guide any strategic decisions in respect of JCC's approach to development of these regional exploration assets.

JCC 还计划在收购后，与 SolGold 管理团队的意见一起，对 SolGold 的区域勘探资产进行全面审查，以考虑如何最好地最大化这些资产的价值，这可能包括与一些资产的潜在合作伙伴进行勘探和开发的规划。JCC 将在 SolGold 管理团队的意见下，评估是否进一步进行区域勘探工作符合公司的最佳利益。JCC 预计该审查将在收购完成后的 12 个月内完成。这项详细审查的结果将指导 JCC 在开发这些区域勘探资产方面的战略决策。

Social responsibility and communities

社会责任和社区

JCC is a responsible and committed steward of mining assets and actively supports the sustainable development of local communities where it operates. In the first 12 months following completion of the Acquisition, JCC will review SolGold's existing social responsibility and community commitments to ensure alignment with its own established policies and practices. JCC has no intention of making any material changes to SolGold's initiatives, reflecting JCC's respect for SolGold's ongoing efforts and its intention to build on SolGold's existing community relationships.

JCC 是矿业资产的负责任和承诺的管理者，积极支持其运营所在地方社区的可持续发展。在收购完成后的前 12 个月内，JCC 将审查 SolGold 现有的社会责任和社区承诺，以确保与其自身既定政策和实践的一致性。JCC 无意对 SolGold 的倡议进行任何重大更改，反映了 JCC 对 SolGold 持续努力的尊重，以及其在 SolGold 现有社区关系基础上进一步发展的意图。

Headquarters and headquarter functions, locations and fixed assets

总部及总部职能、地点和固定资产

JCC does not intend to redeploy or dispose of any material fixed assets of SolGold's as a result of the Acquisition.

JCC 无意因收购而重新部署或处置 SolGold 的任何重大固定资产。

JCC has no intention to change SolGold's locations of business, although it intends to transfer the central management function of SolGold to JCC following completion of Acquisition, which would result in the relocation of SolGold's headquarters to JCHK's headquarters in Mainland China and Hong Kong. Further information on the impact on SolGold's headcount as a result of this transfer is set out below.

JCC 无意改变 SolGold 的业务地点，尽管它打算在收购完成后将 SolGold 的中央管理职能转移至 JCC，这将导致 SolGold 总部迁至 JCHK 在中国大陆和香港的总部。关于此转移对 SolGold 员工人数的影响，下面将进一步说明。

JCC, as a publicly listed entity, maintains internal corporate reporting functions in order to satisfy its ongoing obligations. JCC therefore intends to align the internal corporate reporting practices of SolGold with that of JCC following completion of the Acquisition. JCC also intends to simplify SolGold's legal corporate entity structure where such entities are no longer required as a result of the above changes.

作为一家上市公司，JCC 维护内部企业报告职能，以满足其持续的义务。因此，JCC 打算在收购完成后，将 SolGold 的内部企业报告实践与 JCC 对齐。JCC 还打算简化 SolGold 的法律企业实体结构，以便在上述变更后不再需要这些实体。

SolGold has no research and development function and JCC has no intentions in this regard.

SolGold 没有研发职能，JCC 在这方面没有任何意图。

Management, employees and locations of business

管理层、员工和业务地点

JCC attaches great importance to the experience of SolGold's management and employees. JCC intends to take a balanced approach to integration with the aim of retaining the best talent within SolGold.

JCC 非常重视 SolGold 管理层和员工的经验。JCC 打算采取平衡的整合方式，旨在留住 SolGold 内的最佳人才。

JCC does not intend to make any material changes to SolGold's local Ecuadorian workforce. Following completion of the Acquisition, JCC will conduct a review of SolGold's key management personnel within other jurisdictions to assess the long-term need for their retention. JCC expects this review to be completed within 3 months and key management personnel will be retained for the duration of this review. The impact of any reductions in management, as set out above, is not expected to be material in the context of SolGold's overall employee base.

JCC 无意对 SolGold 的当地厄瓜多尔员工进行任何重大更改。在收购完成后，JCC 将对 SolGold 在其他司法管辖区的关键管理人员进行审查，以评估其长期保留的必要性。JCC 预计该审查将在 3 个月内完成，关键管理人员将在此审查期间保留。上述管理层的任何减少对 SolGold 整体员工基数的影响预计不会很大。

JCC intends to fully safeguard and observe the existing contractual and statutory rights and terms and conditions of employment of the management and employees of SolGold and its subsidiaries in accordance with applicable law, including pension obligations and any legal requirement to consult employee representative bodies. SolGold does not operate any pension schemes and therefore JCC has no intentions in this regard.

JCC 打算根据适用法律充分保障和遵守 SolGold 及其子公司的管理层和员工的现有合同和法定权利及雇佣条款和条件，包括养老金义务和任何法律要求与员工代表机构进行咨询。SolGold 不运营任何养老金计划，因此 JCC 在这方面没有任何意图。

In keeping with JCC's existing practices, JCC intends to focus on building the local workforce to fulfil the requisite skills and functions of the employees and management of SolGold. JCC does not intend to make any material changes to the conditions of employment or balance of skills and functions of the SolGold employees, unless otherwise agreed with the relevant individuals.

根据 JCC 现有的做法，JCC 打算专注于培养当地劳动力，以满足 SolGold 员工和管理层所需的技能和职能。除非与相关个人另有协议，JCC 不打算对 SolGold 员工的雇佣条件或技能和职能的平衡进行任何重大更改。

As set out above, JCC intends to relocate SolGold's headquarters and reduce functions required to maintain SolGold's publicly listed status, which will result in material headcount reductions in those specific functions. The impact of any such changes is not expected to be material in the context of SolGold's overall employee base.

如上所述，JCC 打算迁移 SolGold 的总部，并减少维持 SolGold 上市状态所需的职能，这将导致这些特定职能的人员大幅减少。任何此类变更的影响预计在 SolGold 整体员工基数中不会是重大影响。

Overall, JCC does not intend to make material reductions to SolGold's overall employee base.

总体而言，JCC 不打算对 SolGold 的整体员工基数进行重大削减。

Immediately following the Acquisition taking effect, it is intended that each of the non-executive directors of SolGold shall resign from his or her office as a director of SolGold.

在收购生效后，计划让 SolGold 的每位非执行董事辞去其在 SolGold 的董事职务。

Management incentivisation arrangements

管理层激励安排

JCC has not entered into, and has not had any discussions on proposals to enter into, any form of incentivisation or other arrangements with members of SolGold's management or employees. Following completion of the Acquisition, JCC may have discussions and enter into such discussions for certain members of the SolGold management team.

JCC 尚未与 SolGold 的管理层或员工达成任何形式的激励或其他安排，也没有进行相关讨论。在收购完成后，JCC 可能会与 SolGold 管理团队的某些成员进行讨论并达成此类安排。

Trading facilities

交易设施

SolGold's Shares are currently listed on the Official List and admitted to trading on the London Stock Exchange. As set out in paragraph 14, a request shall be made for the cancellation of the listing of SolGold's Shares from the Official List and, following completion of the Acquisition, steps will be taken to re-register SolGold as a private company.

SolGold 的股票目前在官方名单上上市，并被允许在伦敦证券交易所交易。如第 14 段所述，将请求取消 SolGold 股票在官方名单上的上市，并在收购完成后采取步骤将 SolGold 重新注册为私人公司。

Rule 19.5

规则 19.5

None of the statements in this Section 9 are "post-offer undertakings" for the purposes of Rule 19.5 of the Code.

本节 9 中的声明均不构成根据规则 19.5 的 “后期承诺”。

10 SolGold Share Plans

10 SolGold 股票计划

Participants in the SolGold Share Plans will be contacted regarding the effect of the Acquisition on their rights under the SolGold Share Plans and appropriate proposals will be made to such participants in due course. Further details of the terms of such proposals will also be included in the Scheme Document.

SolGold 股票计划的参与者将被联系，告知收购对其在 SolGold 股票计划下权利的影响，并将在适当时候向这些参与者提出相关建议。这些建议的条款的进一步细节也将包含在计划文件中。

11 Financing

11 融资

The Cash Consideration will be funded by a combination of: (i) JCHK's existing cash resources; and (ii) new debt to be provided by Société Générale pursuant to the terms of the Facility Agreement.

现金对价将通过以下组合进行融资：(i) JCHK 现有的现金资源；和 (ii) 根据融资协议条款由法国兴业银行提供的新债务。

Peel Hunt, in its capacity as financial adviser to JCC, confirms that it is satisfied that sufficient resources are available to JCHK to satisfy in full the consideration payable under the terms of the Acquisition.

Peel Hunt 作为 JCC 的财务顾问确认，JCHK 有足够的资源来全额支付收购条款下的对价。

12 Dividends

12 股息

如果在本公告日期后及生效日期之前，任何股息和/或其他分配和/或资本回报被授权、声明、支付或变得可支付，JCHK 保留权利按等于所有或部分此类股息和/或其他分配和/或资本回报的金额减少现金对价，在这种情况下，SolGold 股东将有权接收并保留任何此类被授权、声明、支付的股息和/或其他分配和/或资本回报。

13 Structure of and Conditions to the Acquisition

13 收购的结构和条件

It is intended that the Acquisition will be effected by means of a Court-approved scheme of arrangement between SolGold and the Scheme Shareholders under Part 26 of the Companies Act, although JCHK reserves the right to implement the Acquisition by means of a Takeover Offer (subject to Panel consent).

计划通过根据公司法第 26 部分的法院批准的安排方案在 SolGold 与方案股东之间实施，尽管 JCHK 保留通过收购要约（需获得小组同意）实施收购的权利。

The purpose of the Scheme is to provide for JCHK to become the holder of the entire issued and to be issued ordinary share capital of SolGold. This is to be achieved by the transfer of the Scheme Shares to JCHK, in consideration for which the Scheme Shareholders shall receive the Cash Consideration.

该方案的目的是使 JCHK 成为 SolGold 全部已发行和待发行普通股的持有者。这将通过将方案股份转让给 JCHK 来实现，作为对价，方案股东将收到现金对价。

The Acquisition shall be subject to the Conditions and further terms set out below and in Appendix I to this Announcement and to be set out in the Scheme Document and shall only become Effective, if, among other things, the following events occur on or before 11.59 p.m. on the Long Stop Date:

收购将受以下条件和进一步条款的约束，这些条款将在本公告的附录 I 中列出，并将在计划文件中列出，只有在以下事件发生的情况下，收购才会生效，且必须在最后截止日期的晚上 11:59 之前发生：

· the approval of the Scheme by a majority in number of the Scheme Shareholders who are present and vote (and are entitled to vote), whether in person or by proxy, at the Court Meeting and who represent at least 75 per cent. in value of the votes cast by those Scheme Shareholders;

· 方案获得出席并投票（并有权投票）的方案股东中多数人的批准，无论是亲自还是通过代理，且代表至少 75% 的投票价值；

· the resolutions required to approve and implement the Scheme being duly passed by SolGold Shareholders representing the requisite majority or majorities of votes cast at the General Meeting (or any adjournment thereof);

· 通过 SolGold 股东的决议，批准和实施该方案，代表所需的多数或多数投票；

· the sanction of the Scheme by the Court (with or without modification, but subject to any modification being on terms acceptable to SolGold and JCHK); and

· 方案获得法院的批准（可以修改，但任何修改须在 SolGold 和 JCHK 可接受的条款下进行）；以及

· the delivery of a copy of the Court Order to the Registrar of Companies.

· 向公司注册处提交法院命令的副本。

The Scheme will lapse if:

如果方案将失效：

· the Court Meeting and the General Meeting are not held on or before the 22nd day after the expected date of such meetings to be set out in the Scheme Document in due course (or such later date, if any, (a) as JCHK and SolGold may agree or (b) (in a competitive situation) as may be specified by JCHK with the consent of the Panel, and in each case that (if so required) the Court may allow);

· 如果法院会议和股东大会未在预计的会议日期后的 22 天内举行（或在任何情况下，(a) JCHK 和 SolGold 可能同意的较晚日期，或 (b)（在竞争情况下）JCHK 在小组同意下可能指定的日期，并且在每种情况下（如有必要）法院可能允许）；

· the Court Hearing is not held on or before the 22nd day after the expected date of such hearing as first announced by SolGold through a Regulatory Information Service (or such later date, if any, (a) as JCHK and SolGold may agree or (b) (in a competitive situation) as may be specified by JCHK with the consent of the Panel, and in each case that (if so required) the Court may allow); or

· 如果法庭听证会在 SolGold 通过监管信息服务首次宣布的预期听证日期后的第 22 天或之前未举行（或在竞争情况下，JCHK 经面板同意的情况下可能指定的较晚日期），则适用；或

· the Scheme does not become Effective on or before the Long Stop Date.

· 如果计划在最后截止日期之前未生效。

Subject to satisfaction (or waiver, where applicable) of the Conditions, the Scheme is expected to become Effective during Q1 2026.

在满足（或豁免，视情况而定）条件的前提下，预计该计划将在 2026 年第一季度生效。

Upon the Scheme becoming Effective, it will be binding on all Scheme Shareholders, regardless of whether or not they attended or voted at the Court Meeting or the General Meeting. The Cash Consideration will be despatched to Scheme Shareholders no later than 14 days after the Effective Date.

一旦该计划生效，将对所有计划股东具有约束力，无论他们是否参加或投票于法庭会议或股东大会。现金对价将在生效日期后的 14 天内寄送给计划股东。

Further details of the Scheme, including an indicative timetable for its implementation, will be set out in the Scheme Document, which shall be distributed to SolGold Shareholders (along with the Forms of Proxy for use in connection with the Court Meeting and the General Meeting) in due course.

关于该计划的更多细节，包括实施的指示性时间表，将在计划文件中列出，该文件将在适当的时候分发给 SolGold 股东（连同用于法庭会议和股东大会的代理表格）。

Any SolGold Shares issued before the Scheme Record Time which remain in issue at the Scheme Record Time will be subject to the terms of the Scheme. The resolutions to be proposed at the General Meeting will, amongst other things, provide that SolGold's articles of association be amended to incorporate provisions requiring, among other things and subject to the Scheme becoming Effective, any SolGold Shares issued or transferred after the Scheme Record Time (other than to JCHK and/or its nominees) to be automatically transferred to JCHK (or as JCHK may direct) on the same terms as the Acquisition (other than terms as to timings and formalities). The provisions of SolGold's articles of association (as amended) will avoid any person (other than JCHK, its nominees and any person to whom JCHK may direct the transfer of SolGold Shares after the Effective Date) holding and retaining SolGold Shares after the Effective Date.

在计划记录时间之前发行的任何 SolGold 股份在计划记录时间仍然有效，将受该计划条款的约束。股东大会上提议的决议将包括，要求修订 SolGold 的章程，以纳入条款，要求在计划生效的情况下，计划记录时间之后发行或转让的任何 SolGold 股份（除非转让给 JCHK 及/或其提名人）自动转让给 JCHK（或按 JCHK 的指示），并在与收购相同的条款下进行（除时间和形式要求的条款外）。修订后的 SolGold 章程条款将避免任何人（除 JCHK、其提名人及 JCHK 可能指示转让 SolGold 股份的任何人）在生效日期后持有和保留 SolGold 股份。

14 De-listing and re-registration of SolGold

14 SolGold 的退市和重新注册

Before the Scheme becomes Effective, it is intended that applications will be made to the London Stock Exchange to cancel trading in SolGold Shares on the Main Market, and to the FCA to cancel the listing of the SolGold Shares from the Official List, with each such cancellation expected to take effect shortly after the Effective Date.

在计划生效之前，计划向伦敦证券交易所申请取消 SolGold 股份在主市场的交易，并向 FCA 申请取消 SolGold 股份在官方名单上的上市，每项取消预计将在生效日期后不久生效。

The last day of dealings in, and registration of transfers of, SolGold Shares on the Main Market is expected to be the date of the Sanction Hearing and no transfers will be registered after 6.00 p.m. on that date.

SolGold 股份在主市场的最后交易日和转让登记日预计为裁决听证会的日期，并且在该日期下午 6:00 后将不再登记任何转让。

On the Effective Date, share certificates in respect of SolGold Shares will cease to be valid and entitlements to SolGold Shares held within the CREST system will be cancelled. SolGold Shareholders shall be required to return share certificates to SolGold or destroy them following the Effective Date.

在生效日期，SolGold 股份的股票证书将不再有效，CREST 系统中持有的 SolGold 股份的权利将被取消。SolGold 股东需在生效日期后将股票证书退还给 SolGold 或销毁。

It is also proposed that, following the Effective Date and after its shares are de-listed, SolGold shall be re-registered as a private limited company.

还建议在生效日期后及其股份退市后，SolGold 将重新注册为私人有限公司。

15 Disclosure of Interests in SolGold

15 SolGold 的利益披露

As disclosed in JCC's opening position disclosure on 5 December 2025, as at the Latest Practicable Date, JCHK is interested, directly and indirectly, in 365,757,587 SolGold Shares, representing c. 12.2% of the issued share capital of SolGold.

根据 JCC 于2025年12月5日的开盘位置披露，截至最新可行日期，JCHK 直接和间接持有 365,757,587 股 SolGold 股份，约占 SolGold 已发行股本的 12.2%。

Save as disclosed above, and except for the irrevocable undertakings referred to in paragraph 6 above and Appendix III, as at the Latest Practicable Date, neither JCHK, nor any of its directors, nor, so far as JCHK is aware, any person acting in concert (within the meaning of the Code) with JCHK for the purposes of the Acquisition:

除上述披露外，除了第 6 段和附录 III 中提到的不可撤销承诺外，截至最新可行日期，JCHK 及其任何董事，或据 JCHK 所知，任何与 JCHK 为收购目的而一致行动的人：

· has any interest in, or right to subscribe for, any SolGold Shares nor does any such person have any short position in SolGold Shares, including any short position under a derivative, any agreement to sell, any delivery obligation or right to require another person to purchase or take delivery of SolGold Shares;

· 对任何 SolGold 股份没有任何利益或认购权，也没有任何此类人持有 SolGold 股份的空头头寸，包括任何衍生品下的空头头寸、任何出售协议、任何交付义务或要求他人购买或接收 SolGold 股份的权利；

· has borrowed or lent any SolGold Shares or entered into any financial collateral arrangements relating to SolGold Shares; or

· 没有借入或借出任何 SolGold 股份，也没有与 SolGold 股份相关的任何金融担保安排；或

· is party to any dealing of the kind referred to in Note 11 on the definition of acting in concert in the Code in relation to the relevant securities of SolGold.

· 没有参与与 SolGold 相关证券的代码中一致行动的定义第 11 条所提到的任何交易。

16 General

16 一般条款

JCHK reserves the right to elect (with the consent of the Panel) to implement the Acquisition by way of a Takeover Offer for the SolGold Shares as an alternative to the Scheme. In such event, the Takeover Offer shall be implemented on the same terms, so far as applicable, as those which would apply to the Scheme, subject to appropriate amendments, including (without limitation) an acceptance condition set at a level permitted by the Panel.

JCHK 保留在面板同意的情况下选择通过收购要约实施收购的权利，作为计划的替代方案。在这种情况下，收购要约将根据适用的条款实施，适当修改，包括（但不限于）面板允许的接受条件。

The Acquisition shall be made subject to the Conditions and further terms set out in Appendix I to this Announcement and to be set out in the Scheme Document. The bases and sources of certain financial information contained in this Announcement are set out in Appendix II to this Announcement. A summary of the irrevocable undertakings given in relation to the Acquisition is contained in Appendix III to this Announcement. Certain terms used in this Announcement are defined in Appendix IV to this Announcement.

收购将根据附录 I 中列出的条件和进一步条款进行，并将在本公告的附录 II 中列出某些财务信息的基础和来源。与收购相关的不可撤销承诺的摘要包含在本公告的附录 III 中。本公告中使用的某些术语在附录 IV 中定义。

The Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the General Meeting, will be distributed to SolGold Shareholders (along with the Forms of Proxy for use in connection with the Court Meeting and the General Meeting) as soon as reasonably practicable and, in any event (save with the consent of the Panel), within 28 days of the date of this Announcement. The Scheme Document and Forms of Proxy shall be made available to all SolGold Shareholders at no charge to them.

包含有关收购的更多信息以及法庭会议和股东大会通知的计划文件，将在合理可行的情况下尽快分发给 SolGold 股东（连同用于法庭会议和股东大会的代理表格），并且在任何情况下（除非获得面板同意）将在本公告日期后的 28 天内分发。计划文件和代理表格将免费提供给所有 SolGold 股东。

Peel Hunt, Admiralty Harbour, RBC Capital Markets, Maxit and Canaccord Genuity Limited have each given and not withdrawn their consent to the publication of this Announcement with the inclusion herein of the references to their names in the form and context in which they appear.

Peel Hunt、Admiralty Harbour、RBC Capital Markets、Maxit 和 Canaccord Genuity Limited 均已给予并未撤回其对本公告的发布的同意，包括在此处以其出现的形式和上下文提及其名称。

17 Documents available on website

17 网站上可获取的文件

Copies of the following documents will be made available on SolGold's website at https://solgold.com/investors/possible-offer-terms/ until the Effective Date:

以下文件的副本将在 SolGold 的网站 https://solgold.com/investors/possible-offer-terms/ 上提供，直到生效日期：

· this Announcement;

· 本公告；

· the irrevocable undertakings referred to in paragraph 6 above and summarised in Appendix III to this Announcement;

· 上述第 6 段提到的不可撤销承诺，并在本公告的附录 III 中进行了总结；

· documents relating to the financing of the Scheme referred to in paragraph 11 above; and

· 与上述第 11 段提到的计划融资相关的文件；以及

· the written consent letters from each of Peel Hunt and RBC Capital Markets referred to in paragraph 16 above.

· 上述第 16 段提到的 Peel Hunt 和 RBC Capital Markets 的书面同意函。

The contents of the websites referred to in this Announcement and any websites accessible from hyperlinks on these websites are not incorporated into and do not form part of this Announcement.

本公告中提到的网站内容以及从这些网站上的超链接可访问的任何网站不构成本公告的一部分，也不被纳入本公告。

Enquiries:

咨询：


Jiangxi Copper Company Limited	+86 0791 8271 0117
Gong Kun
Peel Hunt LLP (UK Financial Adviser to JCC)	+44 (0) 207 418 8900
Ross Allister
Michael Nicholson
Sam Cann
Admiralty Harbour Capital Limited (Financial Adviser to JCC)	+852 2110 1666
Wallace Wang
SolGold plc	+44 (0) 203 807 6996
Dan Vujcic
RBC Capital Markets (Rule 3 Adviser and Financial Adviser to SolGold)	+44 (0) 207 653 4000
Hugh Samson Paul Betts Sam Jackson
Maxit Capital LP (International Financial Adviser to SolGold)	+1 416 363 7238
Sameer Rabbani
Canaccord Genuity Limited (Corporate Broker to SolGold)	+44 (0) 207 523 8000
James Asensio Charlie Hammond


江西铜业有限公司	+86 0791 8271 0117
龚坤
Peel Hunt LLP（JCC 的英国财务顾问）	+44 (0) 207 418 8900
Ross Allister
Michael Nicholson
Sam Cann
Admiralty Harbour Capital Limited（JCC 的财务顾问）	+852 2110 1666
Wallace Wang
SolGold plc	+44 (0) 203 807 6996
Dan Vujcic
RBC Capital Markets（第 3 条顾问及 SolGold 的财务顾问）	+44 (0) 207 653 4000
Hugh Samson Paul Betts Sam Jackson
Maxit Capital LP（SolGold 的国际财务顾问）	+1 416 363 7238
Sameer Rabbani
Canaccord Genuity Limited（SolGold 的企业经纪人）	+44 (0) 207 523 8000
James Asensio Charlie Hammond

Norton Rose Fulbright is acting as UK and Canadian legal adviser to JCC. AnJie Broad Law Firm is acting as PRC legal adviser to JCC. Fasken Martineau LLP is acting as legal adviser to SolGold plc.

Norton Rose Fulbright 担任 JCC 的英国和加拿大法律顾问。安杰律师事务所担任 JCC 的中国法律顾问。Fasken Martineau LLP 担任 SolGold plc 的法律顾问。

Important notices

重要通知

Peel Hunt LLP（"Peel Hunt"）在英国获得授权并受金融行为监管局监管，专门为 JCC 提供服务，且不为其他任何人提供与本公告中描述的事项相关的服务，并且不对除 JCC 以外的任何人负责提供 Peel Hunt 客户所享有的保护或提供与此处提到的事项相关的建议。Peel Hunt 及其任何子公司、分支机构或关联公司对任何非 Peel Hunt 客户在与本公告、其中包含的任何声明或其他方面相关的情况下，不承担或接受任何责任、义务或责任（无论是直接还是间接，无论是合同、侵权、法定或其他）。

Admiralty Harbour Capital Limited（"Admiralty Harbour"）在香港证券及期货事务监察委员会获得许可并受其监管，专门为 JCC 提供服务，且不为其他任何人提供与本公告中描述的事项相关的服务，并且不对除 JCC 以外的任何人负责提供 Admiralty Harbour 客户所享有的保护或提供与此处提到的事项相关的建议。Admiralty Harbour 及其任何子公司、分支机构或关联公司对任何非 Admiralty Harbour 客户在与本公告、其中包含的任何声明或其他方面相关的情况下，不承担或接受任何责任、义务或责任（无论是直接还是间接，无论是合同、侵权、法定或其他）。

RBC Europe Limited（以 RBC Capital Markets 名义交易），在英国获得审慎监管局授权并受金融行为监管局和审慎监管局监管，专门为 SolGold 提供服务，且不为其他任何人提供与本公告中提到的事项相关的服务，并且不对除 SolGold 以外的任何人负责提供 RBC Capital Markets 客户所享有的保护或提供与本公告中提到的事项相关的建议。RBC Europe Limited 及其任何关联公司、董事或员工对任何非 RBC Europe Limited 客户在与收购或此处提到的任何事项相关的情况下，不承担或接受任何责任、义务或责任（无论是直接还是间接，后果性，无论是合同、侵权、侵权责任、法定或其他）。

Maxit Capital LP（"Maxit"）是一家在英国以外运营的国际财务顾问，并未在英国获得授权，专门为 SolGold 提供服务，且不为其他任何人提供与本公告中提到的事项相关的服务。Maxit 不对除 SolGold 以外的任何人负责提供 Maxit 客户所享有的保护或提供与此处提到的任何事项相关的建议。Maxit 及其任何子公司、分支机构或关联公司对任何非 Maxit 客户在与本公告、其中包含的任何声明或其他方面相关的情况下，不承担或接受任何责任、义务或责任（无论是直接还是间接，无论是合同、侵权、法定或其他）。

Canaccord Genuity Limited 在英国获得 FCA 授权并受其监管，专门为 SolGold 提供企业经纪服务，且不为其他任何人提供与本公告中提到的提案相关的服务，并且不将任何其他人视为其客户，也不对除 SolGold 以外的任何人负责提供 Canaccord Genuity Limited 客户所享有的保护或提供与提案或本公告中提到的任何其他事项相关的建议。

Inside information

内部信息

本公告所包含的信息在发布之前构成根据《市场滥用条例（欧盟）第 596/2014 号》（通过《2018 年欧洲联盟（撤回）法案》纳入英国国内法）第 7 条规定的内部信息（统称为 “英国 MAR”）。在通过监管信息服务发布本公告后，该内部信息将被视为进入公共领域。根据英国 MAR，负责代表 SolGold 发布此信息的人是首席执行官 Dan Vujcic。

Further information

更多信息

本公告仅供信息用途，不构成或形成任何出售证券的要约或购买证券的邀请；不构成对收购的任何证券的购买、获取、认购、出售或以其他方式处置的要约的征求；或在任何司法管辖区内就收购或其他事项征求任何投票或批准，也不应在任何此类要约、征求、出售、发行或交换在该司法管辖区内是非法的情况下进行证券的购买、出售、发行或交换。收购将仅通过方案文件（或如果收购通过收购要约实施，则为要约文件）进行，该文件及任何相关的代理表格将包含收购的完整条款和条件，包括如何就方案进行投票的详细信息。关于收购的任何决定或其他回应应仅基于方案文件（或如果收购通过收购要约实施，则为要约文件）中包含的信息。

SolGold 将准备方案文件以分发给 SolGold 股东。SolGold 和 JCHK 敦促 SolGold 股东在方案文件（或收购所依据的任何其他文件）发布时仔细阅读，因为其中将包含与收购相关的重要信息，包括如何就方案进行投票的详细信息。

本公告中所包含的声明截至本公告日期作出，除非另有说明，发布本公告不应暗示自该日期以来本公告中所列事实没有变化。

This Announcement does not constitute a prospectus or prospectus equivalent document.

本公告不构成招股说明书或招股说明书等效文件。

Overseas shareholders

海外股东

本公告在英国以外的司法管辖区的发布、出版或分发，以及对不居住在英国的 SolGold 股东的收购的可用性，可能受到这些司法管辖区法律的限制，因此接触到本公告的人应自行了解并遵守这些限制。特别是，不居住在英国的人在法院会议上投票其 SolGold 股份的能力，或执行并交付代理表格以委任他人代表其在法院会议上投票，可能会受到其所在相关司法管辖区法律的影响。有关海外股东的更多详细信息将包含在方案文件中（或如果收购通过收购要约实施，则为要约文件）。任何未能遵守这些限制可能构成对任何此类司法管辖区证券法的违反。在适用法律允许的最大范围内，参与收购的公司和个人对任何人违反这些限制不承担任何责任或义务。

除非 JCHK 另有决定或根据法规要求，并且在适用法律和法规允许的情况下，收购不会直接或间接地在限制性司法管辖区内提供。因此，本公告及与收购相关的所有文件不得直接或间接地邮寄或以其他方式转发、分发或发送至限制性司法管辖区，接收本公告及与收购相关的所有文件的人（包括保管人、提名人和受托人）不得邮寄或以其他方式分发或发送至该限制性司法管辖区。如果收购通过收购要约实施（除非适用法律或法规另有允许），则收购要约不得直接或间接地在限制性司法管辖区内进行，或通过邮件或任何其他手段或工具（包括但不限于传真、电子邮件或其他电子传输、电话或电报）进行，且收购要约不得通过任何限制性司法管辖区内的任何此类使用、手段、工具或设施接受。

本公告是为与根据英国法律和法规的要求而进行的安排方案相关的提案而准备的信息，所披露的信息可能与如果本公告是根据英国以外的司法管辖区法律准备的情况下所披露的信息不同。本公告中的任何内容不应被依赖于任何其他目的。

The Acquisition shall be subject to the applicable requirements of the Code, the Panel, the London Stock Exchange and the Financial Conduct Authority.

收购应遵循适用的法规要求，包括《收购守则》、《小组委员会》、《伦敦证券交易所》和《金融行为监管局》。

Additional information for investors in the United States

美国投资者的额外信息

此次收购涉及一家在英国公司，其股份已被纳入 FCA 的官方名单，并在伦敦证券交易所的主市场上市交易，拟通过根据英格兰和威尔士法律的安排方案进行。通过安排方案进行的交易不受美国证券法下的要约收购规则或代理征求规则的约束。

因此，此次收购需遵循适用于英国安排方案的披露和程序要求，这些要求与美国的要约收购和代理征求规则有所不同。

然而，如果 JCHK 选择通过要约收购的方式实施此次收购，并决定将该要约扩展至美国，则该要约必须遵守所有适用的美国法律法规，包括但不限于适用的情况下，美国证券法第 14(e) 条及其下的第 14E 条规。该要约将在美国由 JCHK 发出，其他人不得参与。

如果此次收购通过要约收购的方式实施，按照正常的英国惯例，并根据美国证券法第 14e-5(b) 条（如适用），JCHK 或其指定人，或其经纪人（作为代理人）可能会在该要约开放接受的期间内不时进行某些购买或安排购买 SolGold 的股份或其他证券，且不通过该要约。这些购买可能在公开市场以现行价格进行，或在私下交易中以协商价格进行，并将遵守适用法律，包括美国证券法。关于这些购买或购买安排的任何信息将根据英国的要求进行披露，并报告给监管信息服务，并将在伦敦证券交易所网站 www.londonstockexchange.com 上提供。

根据该方案，美国持有者收到的 SolGold 股份转让对价可能在美国联邦所得税方面构成应税交易。每位 SolGold 股东都被敦促立即咨询其独立专业顾问，了解此次收购对他们的税务影响，包括适用的美国州和地方税法，以及海外和其他税法。

本公告及方案文件中涉及的 SolGold 财务信息已或将根据适用于英国的会计标准编制，可能与美国公司或其财务报表根据美国公认会计原则（"US GAAP"）编制的财务信息不可比。US GAAP 在某些重要方面与适用于英国的会计标准有所不同。本公告中的财务信息均未按照美国普遍接受的审计标准或美国公众公司会计监督委员会的审计标准进行审计。

美国 SolGold 股份持有者可能难以根据美国联邦证券法在此次收购中执行其权利和任何索赔，因为 JCHK 和 SolGold 均在美国以外的国家注册，并且他们的部分或全部高管和董事可能是其他国家的居民，部分或全部资产可能位于美国以外的司法管辖区。因此，美国 SolGold 股份持有者可能无法对非美国公司或其高管或董事进行送达，或对他们执行美国法院针对违反美国联邦或州证券法的判决，包括基于美国联邦证券法的民事责任条款的判决。美国 SolGold 股份持有者可能无法在非美国法院对非美国公司或其高管或董事提起诉讼，因其违反美国证券法。此外，可能很难强迫非美国公司及其附属公司接受美国法院的管辖或判决。

美国证券交易委员会或任何美国州证券委员会均未批准、否定或对此次收购的公平性或优点作出判断，也未确定本公告是否充分、准确或完整。任何相反的陈述在美国均属犯罪行为。

Forward-looking statements

前瞻性声明

本公告（包括本公告中引用的信息）、关于此次收购的口头声明以及 JCHK 或 SolGold 发布的其他信息可能包含关于 JCHK 和 SolGold 的声明，这些声明被视为 “前瞻性声明”。前瞻性声明具有前瞻性，基于当前的期望和 JCHK 及 SolGold 管理层（如适用）对未来事件的预测，而非基于历史事实，因此受到风险和不确定性的影响，可能导致实际结果与前瞻性声明所表达或暗示的未来结果存在重大差异。

本公告中包含的前瞻性声明包括关于 SolGold 的财务状况、经营成果和业务的声明，以及 JCHK 在此方面的某些计划和目标的声明，以及其他非历史事实的声明。通常，但并不总是，前瞻性声明可以通过其不只涉及历史或当前事实的特点来识别，并可能使用前瞻性词汇、短语和表达方式，如 “预期”、“目标”、“期望”、“相信”、“打算”、“预见”、“预测”、“项目”、“估计”、“预测”、“打算”、“计划”、“预算”、“安排”、“目标”、“相信”、“希望”、“旨在”、“继续”、“可能”、“将”、“可能”、“应该”、“会”、“能够”、“寻求”、“计划”、“安排”、“可能”、“继续”、“潜在”、“前景”、“目标” 或其他类似的词汇、短语和表达；但缺乏这些词汇并不意味着某一声明不是前瞻性的。同样，描述目标、计划或目标的声明也是或可能是前瞻性声明。这些声明基于 SolGold 和/或 JCHK 根据其经验以及对历史趋势、当前状况、未来发展和他们认为适当的其他因素的看法所做的假设和评估。由于其性质，前瞻性声明涉及已知和未知的风险和不确定性，以及可能导致实际结果、表现、行动、成就或发展与这些声明中表达或暗示的内容有重大差异的其他因素，因为它们与将来发生的事件有关，并依赖于将要发生的情况。尽管 JCHK 和/或 SolGold 相信这些前瞻性声明中反映的期望是合理的，但不能保证这些期望会被证明是正确的，因此您被提醒不要对这些仅在本公告日期时有效的前瞻性声明过于依赖。

有许多因素可能导致实际结果、表现、行动、成就或发展与前瞻性声明中所表达或暗示的内容存在重大差异。这些因素包括但不限于：进行或完成收购的能力；获得必要的监管和股东批准的能力以及满足提议条款下的其他条件；全球、政治、经济、社会、商业和竞争环境以及市场和监管力量的变化；未来通货膨胀、通货紧缩、汇率和利率的变化；税收和国家保险费率的变化；未来的商业合并、资本支出、收购或处置；一般和经济商业条件的变化；其他市场参与者行为的变化；由于 JCHK 和 SolGold 运营所在国家的一般经济和市场条件变化，收购的预期收益未能实现；国家和地方政府立法、税收、管制或法规的变化及其执行，以及法律、政策和实践的管理变化、财产的征用或国有化，以及 JCHK 和 SolGold 在其运营或未来可能运营的国家的政治或经济发展；相关矿物或某些其他商品（如柴油、天然气和电力）现货和期货价格的波动；勘探活动和可行性研究的结果；矿产开发的投机性质；勘探数据可能不完整，未来评估可能需要大量额外工作，包括但不限于钻探、工程和社会经济研究及投资；矿石品位或回收率的可能变化；事故、劳资纠纷及其他矿业风险；考古遗址的发现；因战争、恐怖主义、破坏和社会动荡造成的损失风险；与采矿或开发活动相关的操作或技术困难，包括地质技术挑战以及所需基础设施和信息技术系统的维护或提供中断；待决或未来诉讼程序的结果；未能保持有效的财务报告内部控制或有效的披露控制和程序，无法纠正一个或多个重大缺陷，或发现额外的重大缺陷；其他商业和运营风险与挑战；未能遵守环境和健康安全法律法规；必要通知、特许权、许可证和批准的接收时间或未能遵守；资本和/或信贷市场疲软、波动或流动性不足；JCHK 和 SolGold 运营的地理和商业领域竞争程度的变化；任何公共卫生危机、流行病或疫情（包括但不限于 COVID-19 疫情）及其后果；JCHK 和/或 SolGold 董事会的变化及其各自员工构成的变化；安全和技术风险；面临恐怖活动、IT 系统故障、网络犯罪、欺诈和养老金计划负债的风险；与环境问题相关的风险，如气候变化，包括 JCHK 和/或 SolGold 与政府及其他利益相关者共同有效测量、管理和减轻气候变化影响的能力；法律和/或监管和政府机构政策和实践的变化；俄罗斯入侵乌克兰、中东冲突，以及任何生活成本危机或经济衰退。其他未知或不可预测的因素可能导致实际结果、表现、行动、成就或发展与预期、估计或预测存在重大差异。如果这些风险或不确定性中的任何一个或多个实现，或者任何一个或多个假设被证明不正确，实际结果、表现、行动、成就或发展可能会与预期、估计或预测存在重大差异。因此，应根据这些因素来解读这些前瞻性声明。

JCC、JCHK 或 SolGold 及其各自的关联方、董事、高级职员或顾问均不对本公告中任何前瞻性声明所表达或暗示的事件的发生提供任何陈述、保证或担保。鉴于风险和不确定性，您被提醒不要对这些前瞻性声明过于依赖。

No profit forecasts or estimates

没有利润预测或估计

本公告中的任何声明均不旨在被解释为或被视为任何期间的利润预测、利润估计或量化财务利益声明，本公告中的任何声明不应被解读为 SolGold 在当前或未来财务年度的收益或每股收益必然会与历史公布的收益或每股收益相匹配或超过。

Disclosure requirements of the Code

《守则》的披露要求

根据规则 8.3(a)，任何对要约公司或任何证券交换要约人（即除已宣布其要约为或可能仅为现金的要约人外的任何要约人）相关证券的 1% 或以上的任何类别感兴趣的人，必须在要约期开始后以及在首次识别任何证券交换要约人的公告后（如果晚于此）进行开盘头寸披露。开盘头寸披露必须包含该人对（i）要约公司和（ii）任何证券交换要约人相关证券的兴趣、空头头寸和认购权的详细信息。适用规则 8.3(a) 的人的开盘头寸披露必须在要约期开始后的第 10 个工作日的伦敦时间下午 3:30 之前进行，如果适用，则在首次识别任何证券交换要约人的公告后的第 10 个工作日的伦敦时间下午 3:30 之前进行。相关人员在开盘头寸披露的截止日期之前交易要约公司或证券交换要约人的相关证券，必须改为进行交易披露。

根据规则 8.3(b)，任何对要约公司或任何证券交换要约人的相关证券的 1% 或以上的任何类别感兴趣的人，必须在交易要约公司或任何证券交换要约人的相关证券时进行交易披露。交易披露必须包含相关交易的详细信息以及该人对（i）要约公司和（ii）任何证券交换要约人相关证券的兴趣、空头头寸和认购权的详细信息，除非这些详细信息已根据规则 8 之前披露。适用规则 8.3(b) 的人的交易披露必须在相关交易日期后的工作日的伦敦时间下午 3:30 之前进行。

如果两个或更多人根据协议或理解（无论是正式还是非正式）共同采取行动，以获取或控制对要约公司或证券交换要约人的相关证券的兴趣，他们将被视为规则 8.3 下的单一主体。

要约公司和任何要约人也必须进行开盘头寸披露，交易披露也必须由要约公司、任何要约人以及与他们中的任何人协同行动的人员进行（见规则 8.1、8.2 和 8.4）。

有关必须进行开盘头寸披露和交易披露的要约公司和要约公司的相关证券的详细信息，可以在面板网站的披露表中找到，网址为 http://www.thetakeoverpanel.org.uk，包括发行的相关证券数量、要约期何时开始以及首次识别任何要约人的时间。如果您对是否需要进行开盘头寸披露或交易披露有任何疑问，请联系面板市场监测单位，电话为 +44 (0) 20 7638 0129。

Information relating to SolGold Shareholders

与 SolGold 股东相关的信息

请注意，SolGold 股东、信息权利人和其他相关人员提供的地址、电子地址及某些信息，可能会在要约期内根据《守则》第 4 附录的要求提供给 JCHK。

Publication on website and availability of hard copies

网站发布和纸质副本的可用性

本公告的副本将在某些与受限司法管辖区居民相关的限制下，于公告日期后的工作日中午 12 点（伦敦时间）之前在 SolGold 网站 https://solgold.com/investors/possible-offer-terms/和 JCC 网站 https://en.jxcc.com/channel/714e12366e4a46be8447ea019022c228.html 上提供。该等网站的内容不构成本公告的一部分。

Right to receive documents in hard copy form

以纸质形式接收文件的权利

SolGold 股东、信息权利人和 SolGold 股权计划的参与者可以通过以下方式免费请求本公告的纸质副本：(i) 在工作时间内拨打 +44 (0) 370 707 1305 联系 Computershare Investor Services Plc（电话开放时间为周一至周五上午 9:00 至下午 5:30，英国和威尔士的公共假期除外）；或 (ii) 通过电子邮件向 webcorres@computershare.co.uk 提交请求。符合条件的人也可以请求将与收购相关的所有未来文件、公告和信息以纸质形式发送给他们。

Rounding

四舍五入

本公告中包含的某些数字经过四舍五入调整。因此，在不同表格中呈现的同一类别的数字可能略有不同，并且在某些表格中显示的总数可能不是前面数字的算术总和。

Rule 2.9 Disclosure

规则 2.9 披露

根据《守则》规则 2.9，SolGold 确认，截至本公告日期，其已发行的普通股为 3,009,973,641 股，每股面值 1 便士，具有投票权。SolGold 不持有任何库存普通股。SolGold 股份已在伦敦证券交易所上市，其国际证券识别号码代码为 GB00B0WD0R35。

General

一般

如果您对本公告的内容或您应采取的行动有任何疑问，建议您立即向您的股票经纪人、银行经理、律师、会计师或根据《金融服务与市场法》（FSMA）获得适当授权的独立财务顾问寻求独立的财务建议，如果您居住在英国，或者如果不在英国，则向其他适当授权的独立财务顾问寻求建议。

APPENDIX I

附录 I

CONDITIONS AND FURTHER TERMS OF THE ACQUISITION

收购的条件和进一步条款

Part A: Conditions to the Scheme and the Acquisition

A 部分：计划和收购的条件

1 The Acquisition is conditional upon the Scheme becoming unconditional and Effective, subject to the provisions of the Code, by no later than 11.59 p.m. on the Long Stop Date.

1 收购的条件是计划在不迟于最后截止日期的晚上 11:59 变为无条件和生效，须遵循《守则》的规定。

2 The Scheme shall be subject to the following conditions:

2 该计划应遵循以下条件：

2.1

(i) its approval by a majority in number of the Scheme Shareholders who are present and voting (and entitled to vote), either in person or by proxy, at the Court Meeting and at any separate class meeting which may be required (or any adjournment thereof), and who represent not less than 75 per cent. in value of the Scheme Shares voted by those Scheme Shareholders; and

(i) 在法院会议和可能需要的任何单独类别会议（或其任何延期）上，出席并投票（有投票权）的计划股东中，超过半数的人数通过批准，并且这些计划股东所投票的计划股份的价值不低于 75%；以及

(ii) such Court Meeting and any such separate class meeting (or any adjournment thereof) being held on or before the 22nd day after the expected date of the Court Meeting to be set out in the Scheme Document in due course (or such later date, if any, (a) as JCHK and SolGold may agree or (b) (in a competitive situation) as may be specified by JCHK with the consent of the Panel, and in each case (if so required) with the approval of the Court);

(ii) 该法院会议和任何单独类别会议（或其任何延期）应在预计的法院会议日期后的第 22 天之前举行，该日期将在计划文件中适时列出（或在任何情况下，(a) JCHK 和 SolGold 可以同意的较晚日期，或 (b)（在竞争情况下）JCHK 在获得小组同意的情况下可以指定的较晚日期，并且在每种情况下（如有必要）需获得法院的批准）；

2.2

(i) the resolution(s) required to implement the Scheme being duly passed by SolGold Shareholders representing not less than 75 per cent. of the votes cast at the General Meeting (or any adjournment thereof); and

(i) 实施该计划所需的决议由代表不低于 75% 投票的 SolGold 股东正式通过（或其任何延期）；以及

(ii) such General Meeting (or any adjournment thereof) being held on or before the 22nd day after the expected date of such meeting to be set out in the Scheme Document in due course (or such later date, if any, (a) as JCHK and SolGold may agree or (b) (in a competitive situation) as may be specified by JCHK with the consent of the Panel, and in each case (if so required) with the approval of the Court);

(ii) 该股东大会（或其任何延期）应在预计的会议日期后的第 22 天之前举行，该日期将在计划文件中适时列出（或在任何情况下，(a) JCHK 和 SolGold 可以同意的较晚日期，或 (b)（在竞争情况下）JCHK 在获得小组同意的情况下可以指定的较晚日期，并且在每种情况下（如有必要）需获得法院的批准）；

2.3

(i) the sanction of the Scheme by the Court (with or without modification, but subject to any modification being on terms acceptable to SolGold and JCHK) and the delivery of a copy of the Court Order to the Registrar of Companies; and

(i) 法院对该计划的批准（可以修改，但任何修改须在 SolGold 和 JCHK 可接受的条款下进行），并将法院命令的副本交付给公司注册处；以及

(ii) the Court Hearing being held on or before the 22nd day after the expected date of the Court Hearing as first announced by SolGold through a Regulatory Information Service (or such later date, if any, (a) as JCHK and SolGold may agree or (b) (in a competitive situation) as may be specified by JCHK with the consent of the Panel, and in each case (if so required) with the approval of the Court);

(ii) 法院听证会应在 SolGold 通过监管信息服务首次公告的预计法院听证会日期后的第 22 天之前举行（或在任何情况下，(a) JCHK 和 SolGold 可以同意的较晚日期，或 (b)（在竞争情况下）JCHK 在获得小组同意的情况下可以指定的较晚日期，并且在每种情况下（如有必要）需获得法院的批准）；

3 In addition, subject as stated in Part B below and to the requirements of the Panel, the Acquisition shall be conditional upon the following Conditions and, accordingly, the Court Order shall not be delivered to the Registrar of Companies unless such Conditions (as amended, if appropriate) have been satisfied or, where relevant, waived:

3 此外，除下文 B 部分所述和小组的要求外，收购应以以下条件为前提，因此，法院命令不得交付给公司注册处，除非这些条件（如适用，已修改）已得到满足或在相关情况下被放弃：

Official authorisations, regulatory clearances and third party clearances

官方授权、监管批准和第三方批准

(a) the waiver (or non-exercise within any applicable time limits) by any relevant government or governmental, quasi-governmental, supranational, statutory, regulatory, environmental or investigative body, court, trade agency, association, institution, any entity owned or controlled by any relevant government or state, or any other body or person whatsoever in any jurisdiction (each a "Third Party") of any termination right, right of pre-emption, first refusal or similar right (which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition) arising as a result of or in connection with the Acquisition including, without limitation, its implementation and financing or the proposed direct or indirect acquisition of any shares or other securities in, or control or management of, SolGold by JCHK or any member of the Wider JCHK Group;

(a) 任何相关政府或政府、准政府、超国家、法定、监管、环境或调查机构、法院、贸易机构、协会、机构、任何由任何相关政府或国家拥有或控制的实体，或任何其他在任何司法管辖区的机构或个人（每个称为 “第三方”）放弃（或在任何适用的时间限制内不行使）任何终止权、优先购买权、优先权或类似权利（在更广泛的 SolGold 集团整体或在收购的背景下是重要的），这些权利因收购而产生或与之相关，包括但不限于其实施和融资或 JCHK 或更广泛的 JCHK 集团的任何成员对 SolGold 的任何股份或其他证券的直接或间接收购或控制或管理的提议；

(b) all notifications, filings or applications which are necessary having been made in connection with the Acquisition and all statutory or regulatory obligations in any jurisdiction having been complied with in connection with the Acquisition or the acquisition by any member of the Wider JCHK Group of any shares or other securities in, or control of, SolGold and all authorisations, orders, grants, recognitions, determinations, confirmations, consents, licences, clearances, permissions, exemptions and approvals deemed necessary or appropriate by JCHK or any member of the Wider JCHK Group for or in respect of the Acquisition including, without limitation, its implementation and financing or the proposed direct or indirect acquisition of any shares or other securities in, or control of, SolGold or any member of the Wider SolGold Group by any member of the Wider JCHK Group having been obtained in terms and in a form reasonably satisfactory to JCHK from all appropriate Third Parties or persons with whom any member of the Wider SolGold Group has entered into contractual arrangements and all such authorisations, orders, grants, recognitions, determinations, confirmations, consents, licences, clearances, permissions, exemptions and approvals deemed necessary or appropriate to carry on the business of any member of the Wider SolGold Group which are material in the context of the JCHK Group or the SolGold Group as a whole or for or in respect of the Acquisition including, without limitation, its implementation or financing remaining in full force and effect and all filings necessary for such purpose having been made and there being no notice or intimation of any intention to revoke or not to renew any of the same at the time at which the Acquisition becomes otherwise unconditional and all necessary statutory or regulatory obligations in any jurisdiction having been complied with;

(b) 与收购相关的所有通知、备案或申请均已完成，并且在任何司法管辖区内与收购或更广泛的 JCHK 集团任何成员对 SolGold 的任何股份或其他证券的收购或控制相关的所有法定或监管义务均已遵守，并且 JCHK 或更广泛的 JCHK 集团的任何成员认为必要或适当的所有授权、命令、授予、认可、决定、确认、同意、许可证、清关、许可、豁免和批准均已以 JCHK 合理满意的条款和形式从所有适当的第三方或与更广泛的 SolGold 集团的任何成员签订合同的人员那里获得，并且所有此类授权、命令、授予、认可、决定、确认、同意、许可证、清关、许可、豁免和批准被认为在 JCHK 集团或 SolGold 集团整体的背景下或与收购相关的背景下是必要或适当的，包括但不限于其实施或融资，或更广泛的 JCHK 集团的任何成员对 SolGold 或更广泛的 SolGold 集团的任何成员的任何股份或其他证券的直接或间接收购的提议，均保持有效，并且为此目的所需的所有备案均已完成，并且在收购变得无条件时没有任何撤销或不续期的通知或暗示，并且在任何司法管辖区内的所有必要法定或监管义务均已遵守；

(c) no Third Party having given notice of a decision to take, institute, implement or threaten any action, proceeding, suit, investigation, enquiry or reference (and, in each case, not having withdrawn the same), or having enacted, made or proposed any statute, regulation, decision or order, or change to published practice or having taken any other step, and there not continuing to be outstanding any statute, regulation, decision or order, which in each case would or might reasonably be expected to:

(c) 没有第三方发出通知，决定采取、启动、实施或威胁采取任何行动、诉讼、调查、询问或参考（并且在每种情况下均未撤回），或已制定、作出或提议任何法令、法规、决定或命令，或对已发布的做法进行更改，或采取任何其他步骤，并且没有任何法令、法规、决定或命令仍然未解决，这在每种情况下都可能合理预期会：

(i) require, prevent or delay the divestiture, or materially alter the terms envisaged for any proposed divestiture by any member of the Wider JCHK Group or any member of the Wider SolGold Group of all or any portion of their respective businesses, assets or property or impose any limitation on the ability of any of them to conduct their respective businesses (or any of them) or to own any of their respective assets or properties or any part thereof which, in any such case, is material in the context of the Wider JCHK Group or the Wider SolGold Group in either case taken as a whole or in the context of the Acquisition;

(i) 要求、阻止或延迟剥离，或实质性改变更广泛的 JCHK 集团或更广泛的 SolGold 集团的任何成员对其各自业务、资产或财产的全部或任何部分的拟议剥离的条款，或对它们进行各自业务（或其中任何一个）或拥有其各自资产或财产或其任何部分的能力施加任何限制，这在任何情况下在更广泛的 JCHK 集团或更广泛的 SolGold 集团整体或在收购的背景下都是重要的；

(ii) require, prevent or delay the divestiture by any member of the Wider JCHK Group of any shares or other securities in SolGold;

(ii) 要求、阻止或延迟更广泛的 JCHK 集团的任何成员对 SolGold 的任何股份或其他证券的剥离；

(iii) impose any material limitation on, or result in a delay in, the ability of any member of the Wider JCHK Group directly or indirectly to acquire or to hold or to exercise effectively any rights of ownership in respect of shares or loans or securities convertible into shares or any other securities (or the equivalent) in any member of the Wider SolGold Group or the Wider JCHK Group or to exercise voting or management control over any such member;

(iii) 对更广泛的 JCHK 集团的任何成员直接或间接地收购或持有或有效行使与更广泛的 SolGold 集团或更广泛的 JCHK 集团的任何成员的股份或贷款或可转换为股份的证券或任何其他证券（或等同物）相关的所有权利施加任何实质性限制，或导致延迟，或对任何此类成员行使投票或管理控制的能力产生影响；

(iv) otherwise adversely affect the business, assets, profits or prospects of any member of the Wider JCHK Group or of any member of the Wider SolGold Group to an extent which is material in the context of the Wider JCHK Group or the Wider SolGold Group in either case taken as a whole or in the context of the Acquisition;

(iv) 以对更广泛的 JCHK 集团或更广泛的 SolGold 集团整体或在收购的背景下重要的程度，其他方式不利影响更广泛的 JCHK 集团或更广泛的 SolGold 集团的任何成员的业务、资产、利润或前景；

(v) make the Acquisition or its implementation or the acquisition or proposed acquisition by JCHK or any member of the Wider JCHK Group of any shares or other securities in, or control of SolGold void, illegal, and/or unenforceable under the laws of any jurisdiction, or otherwise, directly or indirectly, restrain, restrict, prohibit, delay, challenge or otherwise interfere with the same, or impose additional conditions or obligations with respect thereto;

(v) 使收购或其实施或 JCHK 或更广泛的 JCHK 集团的任何成员对 SolGold 的任何股份或其他证券的收购或拟议收购在任何司法管辖区的法律下无效、非法和/或不可强制执行，或以其他方式直接或间接地限制、限制、禁止、延迟、挑战或以其他方式干扰，或对其施加额外的条件或义务；

(vi) require any member of the Wider JCHK Group or the Wider SolGold Group to offer to acquire any shares or other securities (or the equivalent) or interest in any member of the Wider SolGold Group or the Wider JCHK Group owned by any third party;

(vi) 要求更广泛的 JCHK 集团或更广泛的 SolGold 集团的任何成员向任何第三方提供收购任何股份或其他证券（或等同物）或在更广泛的 SolGold 集团或更广泛的 JCHK 集团中拥有的任何利益的要约；

(vii) impose any limitation on the ability of any member of the Wider SolGold Group to integrate or co-ordinate its business, or any part of it, with the businesses of any other members which is adverse to and material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition; or

(vii) 对更广泛的 SolGold 集团的任何成员整合或协调其业务或其任何部分与其他成员的业务施加任何限制，这在更广泛的 SolGold 集团整体或在收购的背景下是不利和重要的；或

(viii) result in any member of the Wider SolGold Group ceasing to be able to carry on business under any name under which it presently does so,

(viii) 导致更广泛的 SolGold 集团的任何成员无法继续以其目前所用的任何名称开展业务，

and all applicable waiting and other time periods (including any extensions thereof) during which any such Third Party could institute, implement or threaten any action, proceeding, suit, investigation, enquiry or reference or any other step under the laws of any jurisdiction in respect of the Acquisition or the acquisition or proposed acquisition of any SolGold Shares having expired, lapsed or been terminated;

并且所有适用的等待和其他时间期限（包括任何延长）在任何此类第三方可以根据任何司法管辖区的法律就收购或对 SolGold 股份的收购或拟议收购采取、实施或威胁采取任何行动、诉讼、调查、询问或参考或任何其他步骤的期间内均已过期、失效或终止；

Certain matters arising as a result of any arrangement, agreement etc.

因任何安排、协议等而产生的某些事项。

(d) save as Disclosed, there being no provision of any agreement, arrangement, licence, permit or other instrument to which any member of the Wider SolGold Group is a party or by or to which any such member or any of its assets may be bound, entitled or subject, or any circumstance which in consequence of the Acquisition or the acquisition or proposed acquisition of any shares or other securities (or equivalent) in SolGold or because of a change in the control or management of SolGold or otherwise, could or might result in any of the following to an extent which is material and adverse in the context of the Wider SolGold Group, or the Wider JCHK Group, in either case taken as a whole, or in the context of the Acquisition:

（d）除非已披露，否则没有任何协议、安排、许可证、许可或其他文书的条款，任何更广泛的 SolGold 集团的成员均为其一方，或任何此类成员或其任何资产可能受其约束、享有或受制，或因收购或拟收购 SolGold 的任何股份或其他证券（或等同物）或因 SolGold 的控制或管理的变化或其他原因，可能导致以下任何情况在更广泛的 SolGold 集团或更广泛的 JCHK 集团的整体背景下，或在收购的背景下，产生重大和不利影响：

(i) any moneys borrowed by or any other indebtedness or liabilities (actual or contingent) of, or grant available to any such member, being or becoming repayable or capable of being declared repayable immediately or earlier than their or its stated maturity date or repayment date or the ability of any such member to borrow moneys or incur any indebtedness being withdrawn or inhibited or being capable of becoming or being withdrawn or inhibited;

（i）任何此类成员借入的资金或任何其他债务或负债（实际或或有），或可供任何此类成员使用的补助金，变得或被宣布为立即或早于其或其规定的到期日或偿还日期到期，或任何此类成员借款或承担任何债务的能力被撤回或受到限制，或可能被撤回或受到限制；

(ii) any such agreement, arrangement, licence, permit or instrument or the rights, liabilities, obligations or interests of any such member thereunder being terminated or adversely modified or affected or any obligation or liability arising or any action being taken or arising thereunder;

（ii）任何此类协议、安排、许可证、许可或文书或任何此类成员在其下的权利、负债、义务或利益被终止或受到不利修改或影响，或任何义务或负债的产生或任何行动的采取或产生；

(iii) any asset or interest of any such member being or failing to be disposed of or charged or ceasing to be available to any such member or any right arising under which any such asset or interest could be required to be disposed of or charged or could cease to be available to any such member otherwise than in the ordinary course of business;

（iii）任何此类成员的任何资产或权益被处置或未能处置或被抵押，或不再可供任何此类成员使用，或任何权利的产生使得任何此类资产或权益可能被要求处置或抵押，或可能不再可供任何此类成员使用，而不是在正常的业务过程中；

(iv) the creation or enforcement of any mortgage, charge or other security interest over the whole or any part of the business, property, assets or interest of any such member;

（iv）在任何此类成员的整个或部分业务、财产、资产或权益上创建或执行任何抵押、担保或其他安全权益；

(v) the rights, liabilities, obligations or interests of any such member, or the business of any such member with, any person, firm, company or body (or any arrangement or arrangements relating to any such interest or business) being terminated, adversely modified or affected;

（v）任何此类成员的权利、负债、义务或利益，或任何此类成员与任何个人、公司、企业或机构（或与任何此类利益或业务相关的任何安排）之间的业务被终止、不利修改或受到影响；

(vi) the value of any such member or its financial or trading position or prospects being prejudiced or adversely affected;

（vi）任何此类成员的价值或其财务或交易状况或前景受到损害或不利影响；

(vii) any such member ceasing to be able to carry on business under any name under which it presently does so; or

（vii）任何此类成员停止能够以其目前所用的任何名称继续经营；或

(viii) the creation or acceleration of any liability, actual or contingent, by any such member (including any material tax liability or any obligation to obtain or acquire any material authorisation, order, grant, recognition, determination, confirmation, consent, licence, clearance, permission, exemption, approval, notice, waiver, concession, agreement or exemption from any Third Party or any person) other than trade creditors or other liabilities incurred in the ordinary course of business or in connection with the Acquisition,

（viii）任何此类成员创建或加速任何实际或或有的负债（包括任何重大税务负债或任何获得或获取任何重大授权、命令、补助、认可、决定、确认、同意、许可证、清关、许可、豁免、批准、通知、放弃、让步、协议或任何第三方或任何个人的豁免的义务）除贸易债权人或在正常业务过程中或与收购相关的其他负债外；

and no event having occurred which, under any provision of any agreement, arrangement, licence, permit or other instrument to which any member of the Wider SolGold Group is a party or by or to which any such member or any of its assets may be bound, entitled or subject, would or might reasonably be expected to result in any of the events or circumstances as are referred to in sub-paragraphs (i) to (viii) of this Condition;

并且没有发生任何事件，根据任何协议、安排、许可证、许可或其他文书的条款，任何更广泛的 SolGold 集团的成员为其一方，或任何此类成员或其任何资产可能受其约束、享有或受制，可能合理预期导致上述（i）至（viii）小节所提到的任何事件或情况的发生；

Certain events occurring since Last Accounts Date

自最后账目日期以来发生的某些事件

(e) save as Disclosed, no member of the Wider SolGold Group having, since the Last Accounts Date:

（e）除非已披露，自最后账目日期以来，任何更广泛的 SolGold 集团的成员：

(i) save as between SolGold and wholly-owned subsidiaries of SolGold or for SolGold Shares issued under or pursuant to the exercise of options and vesting of awards granted under the SolGold Share Plans, issued or agreed to issue, authorised or proposed the issue of additional shares of any class;

（i）除 SolGold 与其全资子公司之间，或根据 SolGold 股票计划的选项行使和奖励归属而发行或同意发行的 SolGold 股份外，未发行或同意发行、授权或拟发行任何类别的额外股份；

(ii) save as between SolGold and wholly-owned subsidiaries of SolGold or for the grant of options and awards and other rights under the SolGold Share Plans, issued or agreed to issue, authorised or proposed the issue of securities convertible into shares of any class or rights, warrants or options to subscribe for, or acquire, any such shares or convertible securities;

（ii）除 SolGold 与其全资子公司之间，或根据 SolGold 股票计划授予的选项和奖励及其他权利外，未发行或同意发行、授权或拟发行任何可转换为任何类别股份的证券或权利、认股权证或选项；

(iii) other than to another member of the SolGold Group, recommended, declared, paid or made or proposed to recommend, declare, pay or make any bonus issue, dividend or other distribution whether payable in cash or otherwise;

（iii）除非向 SolGold 集团的其他成员，未推荐、宣布、支付或作出或拟推荐、宣布、支付或作出任何红利发行、股息或其他分配，无论是以现金支付还是其他方式；

(iv) save for intra-SolGold Group transactions, merged or demerged with any body corporate or acquired or disposed of or transferred, mortgaged or charged or created any security interest over any assets or any right, title or interest in any asset (including shares and trade investments) or authorised or proposed or announced any intention to propose any merger, demerger, acquisition or disposal, transfer, mortgage, charge or security interest, in each case, other than in the ordinary course of business and, in each case, to the extent which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

（iv）除 SolGold 集团内部交易外，未与任何法人合并或分拆，或收购、处置或转让、抵押或担保，或在任何资产或任何资产的权利、所有权或权益上创建任何安全权益（包括股份和贸易投资），或未授权、拟授权或宣布任何合并、分拆、收购或处置、转让、抵押、担保或安全权益的意图，且在每种情况下，均未在正常业务过程中，且在每种情况下，在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重大意义；

(v) save for intra-SolGold Group transactions, made or authorised or proposed or announced an intention to propose any change in its loan capital in each case, to the extent which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

（v）除 SolGold 集团内部交易外，未作出或授权或拟作出或宣布任何变更其贷款资本的意图，在每种情况下，在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重大意义；

(vi) issued, authorised or proposed the issue of, or made any change in or to, any debentures or (save for intra-SolGold Group transactions, in the ordinary course of business) incurred or increased any indebtedness or become subject to any contingent liability;

（vi）未发行、授权或拟发行，或未对任何债券作出任何变更（除 SolGold 集团内部交易外，在正常业务过程中）或未承担或增加任何债务或未成为任何或有负债的主体；

(vii) purchased, redeemed or repaid or announced any proposal to purchase, redeem or repay any of its own shares or other securities or reduced or, save in respect to the matters mentioned in sub-paragraphs (i) or (ii) above, made any other change to any part of its share capital in each case, to the extent which is material in the context of the Wider SolGold Group taken as a whole in the context of the Acquisition;

(vii) 购买、赎回或偿还或宣布任何购买、赎回或偿还其自身股份或其他证券的提案，或减少或（除了上述 (i) 或 (ii) 所提及的事项）对其股本的任何其他部分进行任何变更，在每种情况下，均在更广泛的 SolGold 集团整体背景下与收购相关的情况下具有重要性；

(viii) save for intra-SolGold Group transactions, implemented, or authorised, proposed or announced its intention to implement, any reconstruction, merger, demerger, amalgamation, scheme, commitment or other transaction or arrangement otherwise than in the ordinary course of business;

(viii) 除了 SolGold 集团内部交易外，实施、授权、提议或宣布其实施任何重组、合并、分拆、合并、计划、承诺或其他交易或安排，而不是在正常的商业过程中；

(ix) entered into or varied or authorised, proposed or announced its intention to enter into or vary any contract, transaction, arrangement or commitment (whether in respect of capital expenditure or otherwise) which is of a long term, onerous or unusual nature or magnitude or which is or could be restrictive on the business of any member of the Wider SolGold Group or the Wider JCHK Group or which involves or could involve an obligation of such a nature or magnitude which is other than in the ordinary course of business and which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(ix) 进入或变更或授权、提议或宣布其进入或变更任何合同、交易、安排或承诺（无论是资本支出还是其他方面），该合同、交易、安排或承诺具有长期、繁重或不寻常的性质或规模，或对更广泛的 SolGold 集团或更广泛的 JCHK 集团的任何成员的业务具有或可能具有限制性，或涉及或可能涉及的义务的性质或规模与正常商业过程不同，并且在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重要性；

(x) (other than in respect of a member which is dormant and was solvent at the relevant time) taken any corporate action or steps or had any legal proceedings started or threatened against it in relation to the suspension of payments, a moratorium of any indebtedness, or petition presented or made for its winding-up, dissolution or reorganisation or for the appointment of a receiver, administrative receiver, administrator, manager, trustee or similar officer of all or any part of its assets or revenues or any analogous proceedings in any jurisdiction or appointed any analogous person in any jurisdiction or had any such person appointed, in each case, to the extent which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(x)（除非涉及一个在相关时间处于休眠状态且在财务上是可行的成员）采取任何公司行动或步骤，或有任何法律程序开始或威胁针对其进行，涉及暂停支付、任何债务的宽限期，或提出或进行清算、解散或重组的申请，或任命接收人、行政接收人、管理人、经理、受托人或类似官员管理其全部或部分资产或收入，或在任何司法管辖区进行任何类似程序，或在任何司法管辖区任命任何类似人员，或有任何此类人员被任命，在每种情况下，均在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重要性；

(xi) entered into any contract, transaction or arrangement which would be restrictive on the business of any member of the Wider SolGold Group or the Wider JCHK Group other than of a nature and extent which is normal in the context of the business concerned;

(xi) 进入任何合同、交易或安排，这将对更广泛的 SolGold 集团或更广泛的 JCHK 集团的任何成员的业务产生限制，除非其性质和程度在相关业务的背景下是正常的；

(xii) waived or compromised any claim otherwise than in the ordinary course of business which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(xii) 放弃或妥协任何索赔，除非在正常的商业过程中，该索赔在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重要性；

(xiii) made any material alteration to its memorandum or articles of association or other incorporation documents;

(xiii) 对其章程或其他公司文件进行任何重大修改；

(xiv) been unable, or admitted in writing that it is unable, to pay its debts or commenced negotiations with one or more of its creditors with a view to rescheduling or restructuring any of its indebtedness, or having stopped or suspended (or threatened to stop or suspend) payment of its debts generally or ceased or threatened to cease carrying on all or a substantial part of its business;

(xiv) 无法或书面承认无法偿还其债务，或与一个或多个债权人开始谈判，旨在重新安排或重组其任何债务，或停止或暂停（或威胁停止或暂停）一般债务的支付，或停止或威胁停止进行全部或大部分业务；

(xv) entered into any contract, commitment, arrangement or agreement otherwise than in the ordinary course of business or passed any resolution or made any offer (which remains open for acceptance) with respect to or announced any intention to, or proposed to, effect any of the transactions, matters or events referred to in this Condition 3(e)(iv);

(xv) 进入任何合同、承诺、安排或协议，除非在正常的商业过程中，或通过任何决议或提出任何（仍然开放接受的）要约，涉及或宣布任何意图，或提议实施本条件 3(e)(iv) 中提到的任何交易、事项或事件；

(xvi) made or agreed or consented to any change to:

(xvi) 对以下内容进行任何变更或同意变更：

(A) the terms of the trust deeds or other governing documents constituting the pension scheme(s) established by any member of the Wider SolGold Group for its directors, employees or their dependents;

(A) 由更广泛的 SolGold 集团的任何成员为其董事、员工或其家属设立的养老金计划的信托契约或其他管理文件的条款；

(B) the contributions payable to any such scheme(s) or to the benefits which accrue or to the pensions which are payable thereunder;

(B) 任何此类计划的应付贡献或根据该计划应支付的福利；

(C) the basis on which qualification for, or accrual or entitlement to, such benefits or pensions are calculated or determined; or

(D) the basis upon which the liabilities (including pensions) of such pension schemes are funded, valued or made,

(D) 养老金计划的负债（包括养老金）如何融资、评估或处理的基础；

in each case, to an extent which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

在每种情况下，在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重要性；

(xvii) proposed, agreed to provide or modified the terms of any of the SolGold Share Plans or other benefit constituting a material change relating to the employment or termination of employment of a material category of persons employed by the Wider SolGold Group or which constitutes a material change to the terms or conditions of employment of any senior employee of the Wider SolGold Group, save as agreed by the Panel (if required) and by JCHK, or entered into or changed the terms of any contract with any director or senior executive;

(xvii) 提议、同意提供或修改任何 SolGold 股份计划或其他福利的条款，构成与更广泛的 SolGold 集团的重大类别人员的雇佣或终止雇佣相关的重大变更，或构成对更广泛的 SolGold 集团任何高级员工的雇佣条款或条件的重大变更，除非经面板（如有需要）和 JCHK 同意，或与任何董事或高级管理人员签订或更改任何合同的条款；

(xviii) taken (or agreed or proposed to take) any action which requires, or would require, the consent of the Panel or the approval of SolGold Shareholders in general meeting in accordance with, or as contemplated by, Rule 21.1 of the Code;

(xviii) 采取（或同意或提议采取）任何行动，这需要或将需要面板的同意或 SolGold 股东在股东大会上的批准，按照或根据《规则 21.1》进行；

(xix) entered into or varied in a material way the terms of, any contracts, agreement or arrangement with any of the directors of SolGold plc; or

(xix) 进入或以重大方式变更与 SolGold plc 的任何董事的合同、协议或安排的条款；或

(xx) waived or compromised any claim which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition, otherwise than in the ordinary course;

(xx) 放弃或妥协任何在更广泛的 SolGold 集团整体背景下或在收购的背景下具有重要性的索赔，除非在正常的商业过程中；

No material adverse change, litigation or regulatory enquiry

没有重大不利变化、诉讼或监管调查

(f) save as Disclosed, since the Last Accounts Date:

(f) 除非已披露，自最后账目日期以来：

(i) no adverse change or deterioration having occurred in the business, assets, financial or trading position or profits or prospects or operational performance of any member of the Wider SolGold Group which, in any such case, is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition and no circumstances have arisen which would or might reasonably be expected to result in such adverse change or deterioration;

(i) 在更广泛的 SolGold 集团整体背景下或在收购的背景下，未发生任何不利变化或恶化，涉及任何成员的业务、资产、财务或交易状况、利润或前景或运营表现，并且没有出现任何情况，可能合理预期导致此类不利变化或恶化；

(ii) no litigation, arbitration proceedings, prosecution or other legal proceedings to which any member of the Wider SolGold Group is or may become a party (whether as a plaintiff, defendant or otherwise) and no enquiry, review or investigation by, or complaint or reference to, any Third Party or other investigative body against or in respect of any member of the Wider SolGold Group having been instituted, announced, implemented or threatened by or against or remaining outstanding in respect of any member of the Wider SolGold Group which in any such case has had or might reasonably be expected to have a material adverse effect on the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(ii) Wider SolGold Group 的任何成员没有或可能成为任何诉讼、仲裁程序、起诉或其他法律程序的当事方（无论是原告、被告或其他），并且没有针对 Wider SolGold Group 的任何成员由任何第三方或其他调查机构提出的询问、审查或调查，或投诉或参考，这些情况在任何情况下都没有对 Wider SolGold Group 整体或在收购背景下产生或可能合理预期产生重大不利影响；

(iii) no contingent or other liability of any member of the Wider SolGold Group having arisen or become apparent to JCHK or increased which has had or might reasonably be expected to have a material adverse effect on the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(iii) Wider SolGold Group 的任何成员没有出现或显现出任何或其他或有条件的负债，或未增加的负债，这些负债在整体或在收购背景下对 Wider SolGold Group 产生或可能合理预期产生重大不利影响；

(iv) no enquiry or investigation by, or complaint or reference to, any Third Party having been threatened, announced, implemented, instituted by or remaining outstanding against or in respect of any member by or the Wider SolGold Group which in any case is material in the context of the Wider SolGold Group taken as a whole;

(iv) 没有针对 Wider SolGold Group 的任何成员的任何第三方提出的询问或调查，或投诉或参考被威胁、宣布、实施、启动或仍然悬而未决，这在 Wider SolGold Group 整体背景下是重要的；

(v) no member of the Wider SolGold Group having conducted its business in breach of any applicable laws and regulations and which is material in the context of the Wider SolGold Group as a whole or in the context of the Acquisition; and

(v) Wider SolGold Group 的任何成员在经营其业务时没有违反任何适用的法律和法规，这在 Wider SolGold Group 整体或在收购背景下是重要的；并且

(vi) no steps having been taken which are likely to result in the withdrawal, cancellation, termination or modification of any licence or permit held by any member of the Wider SolGold Group which is necessary for the proper carrying on of its business and the withdrawal, cancellation, termination or modification of which has had, or would reasonably be expected to have, an adverse effect which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(vi) 没有采取任何可能导致任何 Wider SolGold Group 成员持有的任何许可证或许可的撤回、取消、终止或修改的步骤，这些许可证或许可对于其业务的正常开展是必要的，而其撤回、取消、终止或修改在 Wider SolGold Group 整体或在收购背景下产生或可能合理预期产生重大不利影响；

No discovery of certain matters regarding information, liabilities and environmental issues

未发现有关信息、负债和环境问题的某些事项

(g) save as Disclosed, JCHK not having discovered:

(g) 除已披露外，JCHK 未发现：

(i) that any financial, business or other information concerning the Wider SolGold Group as contained in the information publicly disclosed at any time by or on behalf of any member of the Wider SolGold Group is materially misleading, contains a material misrepresentation of fact or omits to state a fact necessary to make that information not misleading, in each case, to an extent which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(i) Wider SolGold Group 的任何财务、商业或其他信息在任何时间由 Wider SolGold Group 的任何成员公开披露的内容在整体背景下是重大误导，包含重大事实虚假陈述或遗漏了使该信息不具误导性的必要事实，在每种情况下，这在 Wider SolGold Group 整体或在收购背景下是重要的；

(ii) that any member of the Wider SolGold Group or partnership, company or other entity in which any member of the Wider SolGold Group has a significant economic interest and which is not a subsidiary undertaking of SolGold, is subject to any liability (contingent or otherwise) which is not disclosed in the annual report and accounts of the SolGold Group for the financial year ended 30 June 2025 or the unaudited condensed consolidated interim financial statements of the SolGold Group for the three months ended 30 September 2025, in each case, to the extent which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition; or

(ii) Wider SolGold Group 的任何成员或其拥有重大经济利益的合伙企业、公司或其他实体（且不是 SolGold 的子公司）面临任何未在 SolGold Group 截至2025年6月30日的年度报告和账目或截至2025年9月30日的未经审计的简明合并中期财务报表中披露的负债（有条件或其他），在每种情况下，这在 Wider SolGold Group 整体或在收购背景下是重要的；或

(iii) any information which affects the import of any information disclosed at any time by or on behalf of any member of the Wider SolGold Group and which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(iii) 任何影响 Wider SolGold Group 的任何成员在任何时间披露的任何信息的重要性的信息，这在 Wider SolGold Group 整体或在收购背景下是重要的；

(h) save as Disclosed, JCHK not having discovered that:

(h) 除已披露外，JCHK 未发现：

(i) any past or present member of the Wider SolGold Group has failed to comply with any and/or all applicable legislation or regulation, of any jurisdiction with regard to the use, treatment, handling, storage, carriage, disposal, spillage, release, discharge, leak or emission of any waste or hazardous substance or any substance likely to impair the environment or harm human health or animal health or otherwise relating to environmental matters or the health and safety of humans, or that there has otherwise been any such use, treatment, handling, storage, carriage, disposal, spillage, release, discharge, leak or emission (whether or not the same constituted a non-compliance by any person with any such legislation or regulations, and wherever the same may have taken place) any of which storage, carriage, disposal, spillage, release, discharge, leak or emission would be likely to give rise to any liability (actual or contingent) or cost on the part of any member of the Wider SolGold Group and which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(i) Wider SolGold Group 的任何过去或现在的成员未能遵守任何适用的立法或法规，涉及任何管辖区关于废物或危险物质的使用、处理、储存、运输、处置、溢出、释放、排放、泄漏或排放，或任何可能损害环境或危害人类健康或动物健康的物质，或与环境事务或人类健康和安全相关的任何事项，或者存在任何此类使用、处理、储存、运输、处置、溢出、释放、排放、泄漏或排放（无论是否构成任何人对任何此类立法或法规的违规，且无论发生在何处），这些储存、运输、处置、溢出、释放、排放、泄漏或排放可能会导致 Wider SolGold Group 的任何成员承担任何责任（实际或有条件）或费用，这在 Wider SolGold Group 整体或在收购背景下是重要的；

(ii) there is, or is likely to be, for any reason whatsoever, any liability (actual or contingent) of any past or present member of the Wider SolGold Group to make good, remediate, repair, reinstate or clean up any property or any controlled waters now or previously owned, occupied, operated or made use of or controlled by any such past or present member of the Wider SolGold Group (or on its behalf) or by any person for which a member of the Wider SolGold Group is or has been responsible, or in which any such member may have or previously have had or be deemed to have had an interest, under any environmental legislation, regulation, notice, circular or order of any Third Party and which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition;

(ii) 由于任何原因，Wider SolGold Group 的任何过去或现在的成员可能面临任何责任（实际或有条件），需要修复、恢复、重建或清理任何现在或以前由任何此类过去或现在的成员拥有、占用、运营或使用的财产或任何受控水域（或代表其进行的）或由任何成员负责的任何人，或在任何此类成员可能拥有或以前拥有或被视为拥有的利益下，根据任何环境立法、法规、通知、通告或任何第三方的命令，这在 Wider SolGold Group 整体或在收购背景下是重要的；

(iii) circumstances exist (whether as a result of the making of the Acquisition or otherwise) which would be reasonably likely to lead to any Third Party instituting, or whereby any member of the Wider JCHK Group or any present or past member of the Wider SolGold Group would be likely to be required to institute, an environmental audit or take any other steps which would in any such case be reasonably likely to result in any liability (whether actual or contingent) to improve, modify existing or install new plant, machinery or equipment or carry out changes in the processes currently carried out or make good, remediate, repair, re-instate or clean up any land or other asset currently or previously owned, occupied or made use of by any past or present member of the Wider SolGold Group (or on its behalf) or by any person for which a member of the Wider SolGold Group is or has been responsible, or in which any such member may have or previously have had or be deemed to have had an interest which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition; or

(iii) 存在某些情况（无论是由于收购的进行还是其他原因）可能合理地导致任何第三方提起诉讼，或者导致更广泛的 JCHK 集团的任何成员或更广泛的 SolGold 集团的任何现任或过去成员可能被要求进行环境审计或采取任何其他措施，这在任何情况下都可能合理地导致任何责任（无论是实际的还是或有的），以改善、修改现有或安装新设备、机械或设备，或进行当前正在进行的过程的变更，或修复、恢复、修理、重建或清理任何当前或以前由更广泛的 SolGold 集团的任何现任或过去成员（或代表其）拥有、占用或使用的土地或其他资产，或由更广泛的 SolGold 集团的任何成员可能拥有或以前拥有或被视为拥有的在更广泛的 SolGold 集团整体或在收购背景下具有重要性的利益；或

(iv) circumstances exist whereby a person or class of persons would be likely to have any claim or claims in respect of any product or process of manufacture or materials used therein currently or previously manufactured, sold or carried out by any past or present member of the Wider SolGold Group which claim or claims would be likely, materially and adversely, to affect any member of the Wider SolGold Group and which is material in the context of the Wider SolGold Group taken as a whole or in the context of the Acquisition; and

(iv) 存在某些情况，导致某个人或某类人可能对更广泛的 SolGold 集团的任何产品或制造过程或所使用的材料提出任何索赔，这些索赔可能会对更广泛的 SolGold 集团的任何成员产生重大和不利的影响，并且在更广泛的 SolGold 集团整体或在收购背景下具有重要性；并

Anti-corruption, economic sanctions, criminal property and money laundering

反腐败、经济制裁、犯罪财产和洗钱

(i) save as Disclosed, JCHK not having discovered that:

(i) 除非已披露，JCHK 未发现：

(i) (A) any past or present member, director, officer or employee of the Wider SolGold Group is or has at any time engaged in any activity, practice or conduct which would constitute an offence under the Bribery Act 2010, the US Foreign Corrupt Practices Act of 1977 or any other applicable anti-corruption or anti-bribery law, rule or regulation or any other applicable law, rule, or regulation concerning improper payments or kickbacks or (B) any person that performs or has performed services for or on behalf of the Wider SolGold Group is or has at any time engaged in any activity, practice or conduct in connection with the performance of such services which would constitute an offence under the Bribery Act 2010, the US Foreign Corrupt Practices Act of 1977 or any other applicable anti-corruption or anti-bribery law, rule or regulation or any other applicable law, rule, or regulation concerning improper payments or kickbacks; or

(i) (A) 更广泛的 SolGold 集团的任何现任或过去成员、董事、高管或员工在任何时候参与过任何活动、行为或行为，这些行为构成 2010 年反贿赂法、1977 年美国外国腐败行为法或任何其他适用的反腐败或反贿赂法律、规则或法规或任何其他适用的法律、规则或法规，涉及不当支付或回扣，或 (B) 任何为更广泛的 SolGold 集团提供或曾提供服务的人在执行这些服务时参与过任何活动、行为或行为，这些行为构成 2010 年反贿赂法、1977 年美国外国腐败行为法或任何其他适用的反腐败或反贿赂法律、规则或法规或任何其他适用的法律、规则或法规，涉及不当支付或回扣；或

(ii) any asset of any member of the Wider SolGold Group constitutes criminal property as defined by section 340(3) of the Proceeds of Crime Act 2002 (but disregarding paragraph (b) of that definition) or proceeds of crime under any other applicable law, rule, or regulation concerning money laundering or proceeds of crime or any member of the Wider SolGold Group is found to have engaged in activities constituting money laundering under any applicable law, rule, or regulation concerning money laundering; or

(ii) 更广泛的 SolGold 集团的任何成员的任何资产构成根据 2002 年《犯罪收益法》第 340(3) 条定义的犯罪财产（但不考虑该定义的 (b) 段）或根据任何其他适用的法律、规则或法规涉及洗钱或犯罪收益的财产，或更广泛的 SolGold 集团的任何成员被发现参与了根据任何适用的法律、规则或法规涉及洗钱的活动；或

(iii) any past or present member, director, officer or employee of the Wider SolGold Group, or any other person for whom any such person may be liable or responsible, is or has engaged in any conduct which would violate applicable economic sanctions or dealt with, made any investments in, made any funds or assets available to or received any funds or assets from:

(iii) 更广泛的 SolGold 集团的任何现任或过去成员、董事、高管或员工，或任何可能对其负责的其他人，参与或曾参与任何行为，这些行为违反适用的经济制裁或与以下方面进行交易、投资或提供资金或资产，或从中接收资金或资产：

(A) any government, entity or individual in respect of which US, UK or European Union persons, or persons operating in those territories, are prohibited from engaging in activities or doing business, or from receiving or making available funds or economic resources, by US, UK or European Union laws or regulations, including the economic sanctions administered by the United States Office of Foreign Assets Control, or HM Revenue and Customs; or

(A) 任何政府、实体或个人，针对这些政府、实体或个人，美国、英国或欧盟的个人或在这些地区运营的个人被禁止参与活动或开展业务，或被禁止接收或提供资金或经济资源，依据美国、英国或欧盟的法律或法规，包括由美国外国资产控制办公室或英国税务海关总署管理的经济制裁；或

(B) any government, entity or individual targeted by any of the economic sanctions of the United Nations, the United States, the United Kingdom, the European Union or any of its member states, save that this shall not apply if and to the extent that it is or would be unenforceable by reason of breach of any applicable Blocking Law; or

(B) 任何受到联合国、美国、英国、欧盟或其成员国的经济制裁的政府、实体或个人，前提是如果因违反任何适用的阻止法而无法执行，则不适用；或

(iv) any past or present member, director, officer or employee of the Wider SolGold Group, or any other person for whom any such person may be liable or responsible:

(iv) 更广泛的 SolGold 集团的任何现任或过去成员、董事、高管或员工，或任何可能对其负责的其他人：

(A) has engaged in conduct which would violate any relevant anti-terrorism laws, rules, or regulations, including but not limited to the U.S. Anti-Terrorism Act;

(A) 参与了违反任何相关反恐法律、规则或法规的行为，包括但不限于美国反恐法；

(B) has engaged in conduct which would violate any relevant anti-boycott law, rule, or regulation or any applicable export controls, including but not limited to the Export Administration Regulations administered and enforced by the U.S. Department of Commerce or the International Traffic in Arms Regulations administered and enforced by the U.S. Department of State;

(B) 参与了违反任何相关反抵制法律、规则或法规或任何适用的出口管制的行为，包括但不限于由美国商务部管理和执行的出口管理条例或由美国国务院管理和执行的国际武器贸易条例；

(C) has engaged in conduct which would violate any relevant laws, rules, or regulations concerning human rights, including but not limited to any law, rule, or regulation concerning false imprisonment, torture or other cruel and unusual punishment, or child labour; or

(D) is debarred or otherwise rendered ineligible to bid for or to perform contracts for or with any government, governmental instrumentality, or international organisation or found to have violated any applicable law, rule, or regulation concerning government contracting or public procurement; or

(D) 被禁止或以其他方式被认定为不符合投标或执行与任何政府、政府机构或国际组织的合同，或被发现违反任何适用的法律、规则或法规，涉及政府合同或公共采购；或

(v) any member of the Wider SolGold Group is or has been engaged in any transaction which would cause JCHK or any member of the Wider JCHK Group to be in breach of any law or regulation upon its acquisition of SolGold, including but not limited to the economic sanctions of the United States Office of Foreign Assets Control, or HM Revenue and Customs, or any other relevant government authority.

(v) Wider SolGold Group 的任何成员是否参与过任何交易，这将导致 JCHK 或 Wider JCHK Group 的任何成员在收购 SolGold 时违反任何法律或法规，包括但不限于美国外国资产控制办公室的经济制裁，或英国税务海关总署，或任何其他相关政府机构。

Part B: Certain further terms of the Acquisition

第 B 部分：收购的某些进一步条款

1. Subject to the requirements of the Panel and the Code, JCHK reserves the right in its sole discretion to waive:

1. 根据小组和规范的要求，JCHK 保留自行决定放弃的权利：

(a) the deadline set out in paragraph 1 of Part A of this Appendix I, and any of the deadlines set out in paragraph 2 of Part A of this Appendix I for the timing of the Court Meeting, the General Meeting and the Court Hearing. If any such deadline is not met, JCHK shall make an announcement by 8.00 a.m. on the Business Day following such deadline confirming whether it has invoked or waived the relevant Condition or agreed with SolGold (or, as the case may be, the Panel) to extend the deadline in relation to the relevant Condition; and

(a) 本附录 I 第 A 部分第 1 段中规定的截止日期，以及本附录 I 第 A 部分第 2 段中规定的法院会议、股东大会和法院听证会的任何截止日期。如果未能满足任何此类截止日期，JCHK 应在该截止日期后的工作日早上 8:00 之前发布公告，确认其是否已援引或放弃相关条件，或与 SolGold（或小组）达成一致以延长相关条件的截止日期；并且

(b) in whole or in part, all or any of the Conditions set out in Part A of this Appendix I, except for the Conditions set out in paragraph 2.1(i), 2.2(i) and 2.3(i) of Part A of this Appendix I which cannot be waived.

(b) 全部或部分放弃本附录 I 第 A 部分中规定的所有或任何条件，除了本附录 I 第 A 部分第 2.1(i)、2.2(i) 和 2.3(i) 段中规定的条件，这些条件不能被放弃。

2. The Conditions set out in paragraph 3 of Part A of this Appendix I must each be satisfied or (if capable of waiver) be waived by JCHK by no later than 11.59 p.m. on the Long Stop Date. JCHK shall be under no obligation to waive (if capable of waiver), to determine to be or remain satisfied or to treat as satisfied any of the Conditions set out in paragraph 3 of Part A of this Appendix I that it is entitled (with the consent of the Panel and subject to the requirements of the Code) to invoke, by a date earlier than the latest date specified above for the fulfilment or waiver thereof, notwithstanding that the other Conditions may at such earlier date have been waived or fulfilled and that there are at such earlier date no circumstances indicating that any such Conditions may not be capable of fulfilment.

2. 本附录 I 第 A 部分第 3 段中规定的条件必须在最迟于最后截止日期的晚上 11:59 之前被 JCHK 满足或（如果可以放弃）被放弃。JCHK 不承担在上述最迟日期之前放弃（如果可以放弃）、决定满足或视为满足本附录 I 第 A 部分第 3 段中规定的任何条件的义务，尽管在该较早日期其他条件可能已被放弃或满足，并且在该较早日期没有任何情况表明任何此类条件可能无法满足。

3. Under Rule 13.5(a) of the Code, JCHK may not invoke a Condition to the Acquisition so as to cause the Acquisition not to proceed, to lapse or to be withdrawn unless the circumstances which give rise to the right to invoke the Condition are of material significance to JCHK in the context of the Acquisition. JCHK may only invoke a condition that is subject to Rule 13.5(a) with the consent of the Panel and any condition that is subject to Rule 13.5(a) may be waived by JCHK. The Conditions set out in paragraphs 1 and 2 of Part A of this Appendix I and, if applicable, any acceptance condition if the Acquisition is implemented by means of a Takeover Offer, are not subject to Rule 13.5(a) of the Code.

3. 根据规范第 13.5(a) 条，JCHK 不得援引收购条件，以导致收购无法进行、失效或被撤回，除非导致援引条件的情况对 JCHK 在收购中的背景具有重大意义。JCHK 只能在小组同意的情况下援引受第 13.5(a) 条约束的条件，并且任何受第 13.5(a) 条约束的条件可以被 JCHK 放弃。本附录 I 第 A 部分第 1 段和第 2 段中规定的条件，以及如果收购通过收购要约实施的任何接受条件，不受规范第 13.5(a) 条的约束。

4. If JCHK is required by the Panel to make an offer for SolGold Shares under the provisions of Rule 9 of the Code, JCHK may make such alterations to any of the Conditions and the terms of the Acquisition as are necessary to comply with the provisions of Rule 9 of the Code.

4. 如果小组要求 JCHK 根据规范第 9 条的规定对 SolGold 股票进行要约，JCHK 可以对任何条件和收购条款进行必要的修改，以遵守规范第 9 条的规定。

5. JCHK reserves the right to elect to implement the Acquisition by way of a Takeover Offer as an alternative to the Scheme (subject to the Panel's consent). In such an event, the Acquisition will be implemented on the same terms and conditions as those which would apply to the Scheme, subject to appropriate amendments including (without limitation) the inclusion of an acceptance condition set at 90 per cent. of the SolGold Shares to which such Takeover Offer relates (or such lesser percentage as JCHK may determine, subject to the rules of the Code and in consultation with the Panel, being in any case more than 50 per cent. of the SolGold Shares), or any amendments required by, or deemed appropriate by, JCHK under applicable law or any amendments necessary to reflect the Takeover Offer.

5. JCHK 保留选择通过收购要约实施收购作为替代方案的权利（需小组同意）。在这种情况下，收购将按照适用于计划的相同条款和条件实施，需进行适当的修改，包括（但不限于）设定接受条件为 90% 的 SolGold 股票（或 JCHK 可能决定的较低百分比，需遵循规范的规则并与小组协商，且在任何情况下均超过 50% 的 SolGold 股票），或 JCHK 根据适用法律所需的任何修改，或反映收购要约所需的任何修改。

6. SolGold Shares which will be acquired pursuant to the Acquisition will be acquired fully paid and free from all liens, equities, charges, encumbrances, options, rights of pre-emption and any other third party rights and interests of any nature whatsoever and together with all rights now or hereafter attaching or accruing to them, including voting rights and the right to receive and retain in full all dividends and other distributions (if any) declared, made or paid or any other return of capital or value (whether by reduction of share capital or share premium account or otherwise) by reference to a record date after the Effective Date.

6. 根据收购将被收购的 SolGold 股票将完全支付并免于所有留置权、权益、费用、负担、选择权、优先购买权和任何其他第三方权利和利益，并连同现在或将来附加或累积于其上的所有权利，包括投票权和完全接收和保留所有已宣告、已支付或任何其他资本或价值的分配（无论是通过减少股本或股本溢价账户或其他方式）所涉及的记录日期在生效日期之后。

7. If, on or after the date of this Announcement and on or prior to the Effective Date, any dividend and/or other distribution and/or return of capital is authorised, declared, made or paid or becomes payable in respect of SolGold Shares, JCHK reserves the right (without prejudice to any right JCHK may have, with the consent of the Panel, to invoke the Condition set out in paragraph 3(e)(iii) of Part A of this Appendix I) to reduce the Cash Consideration by an amount equal to all or part of any such dividend and/or other distribution and/or return of capital, in which case any reference in this Announcement or in the Scheme Document to the Cash Consideration will be deemed to be a reference to the Cash Consideration so reduced. If (but only to the extent) JCHK exercises this right or makes such a reduction in respect of any such dividend and/or other distribution and/or return of capital, SolGold Shareholders shall be entitled to receive and retain any such dividend and/or other distribution and/or return of capital declared, made, or paid. For the avoidance of doubt, any exercise by JCHK of its rights referred to in this paragraph shall not be regarded as constituting any revision or variation of the Acquisition.

7. 如果在本公告日期之后且在生效日期之前，任何股息和/或其他分配和/或资本回报被授权、宣告、支付或变得可支付，JCHK 保留权利（在不影响 JCHK 可能拥有的权利的情况下，经过小组同意，援引本附录 I 第 A 部分第 3(e)(iii) 段中规定的条件）减少现金对价，金额等于所有或部分任何此类股息和/或其他分配和/或资本回报，在这种情况下，本公告或计划文件中对现金对价的任何引用将被视为对减少后的现金对价的引用。如果（但仅在 JCHK 行使此权利或对任何此类股息和/或其他分配和/或资本回报进行减少的情况下），SolGold 股东有权接收和保留任何已宣告、已支付或任何此类股息和/或其他分配和/或资本回报。为避免疑义，JCHK 在本段中提到的权利的行使不应被视为对收购的任何修订或变更。

8. Except with the Panel's consent, settlement of the Cash Consideration to which any Scheme Shareholder is entitled under the Scheme will be implemented in full in accordance with the terms of the Scheme without regard to any lien, right of set-off, counterclaim or other analogous right to which JCHK may otherwise be, or claim to be, entitled as against such Scheme Shareholder and will be effected in the manner described in this Announcement.

8. 除非获得小组的同意，任何计划股东根据计划所应得的现金对价的结算将完全按照计划的条款实施，而不考虑 JCHK 可能对该计划股东享有或声称享有的任何留置权、抵消权、反诉或其他类似权利，并将按照本公告中所述的方式进行。

9. The Acquisition is not being made, directly or indirectly, in, into or from, or by use of the mails of, or by any means of instrumentality (including, but not limited to, facsimile, email or other electronic transmission, telex or telephone) of interstate or foreign commerce of, or of any facility of a national, state or other securities exchange of, any Restricted Jurisdiction where to do so would violate the laws of that jurisdiction.

9. 收购不直接或间接地在任何限制性司法管辖区内、外或通过邮寄方式进行，也不通过任何州际或外国商业的工具（包括但不限于传真、电子邮件或其他电子传输、电话或电报）进行，在这些地方这样做将违反该司法管辖区的法律。

10. The Acquisition is governed by the law of England and Wales and is subject to the jurisdiction of the courts of England and Wales and to the Conditions and further terms set out in this Appendix I and to be set out in the Scheme Document. The Acquisition is subject to the applicable requirements of the Code, the Panel, the London Stock Exchange and the Financial Conduct Authority.

10. 收购受英格兰和威尔士法律的管辖，并受英格兰和威尔士法院的管辖，以及本公告附录 I 中列出的条件和进一步条款的约束，并将在计划文件中列出。收购还需遵守《守则》、小组、伦敦证券交易所和金融行为监管局的适用要求。

11. Each of the Conditions shall be regarded as a separate Condition and shall not be limited by reference to any other Condition.

11. 每个条件应视为独立条件，不应因参考任何其他条件而受到限制。

12. The Acquisition is subject to, inter alia, the Conditions set out in Part A and the further terms of the Acquisition set out in Part B of this Appendix I to this Announcement. The Acquisition is also subject to the full terms and conditions which will be set out in the Scheme Document and such further terms as may be required to comply with the provisions of the Code.

12. 收购受本公告附录 I 中 A 部分列出的条件及 B 部分列出的收购进一步条款的约束。收购还需遵守将在计划文件中列出的完整条款和条件，以及为遵守《守则》规定可能需要的进一步条款。

APPENDIX II

附录 II

SOURCES OF INFORMATION AND BASES OF CALCULATION

信息来源和计算基础

Unless otherwise stated in this Announcement:

除非本公告另有说明：

1. As at close of business on 23 December 2025 (being the last Business Day before the date of this Announcement), SolGold had in issue 3,009,973,641 ordinary shares of 1 pence each with voting rights.

1. 截至2025年12月23日（即本公告日期前的最后一个工作日）结束时，SolGold 已发行 3,009,973,641 股每股面值 1 便士的普通股，具有投票权。

2. SolGold does not hold any shares in treasury.

2. SolGold 不持有任何库存股。

3. Any reference to the entire issued and to be issued share capital of SolGold is based on:

3. 对 SolGold 已发行和将要发行的全部股本的任何引用均基于：

(a) 3,009,973,641 SolGold Shares referred to in paragraph 1 above; and

(a) 上述第 1 段提到的 3,009,973,641 股 SolGold 股份；以及

(b) 85,900,000 SolGold Shares which may be issued on or after the date of this Announcement on the exercise of options or vesting of awards under the SolGold Share Plans.

(b) 85,900,000 股 SolGold 股份，这些股份可能在本公告日期后根据 SolGold 股权计划的期权行使或奖励归属而发行。

4. The value of the Acquisition, based on the Cash Consideration, of approximately £867 million has been calculated based on 28 pence per SolGold Share and on the basis of the entire issued and to be issued share capital of SolGold (as set out in paragraph 3 above).

4. 基于现金对价，收购的价值约为 8.67 亿英镑，计算基于每股 SolGold 股份 28 便士，并基于 SolGold 的全部已发行和将要发行的股本（如第 3 段所述）。

5. The volume weighted average prices of a SolGold Share are derived from data provided by Bloomberg.

5. SolGold 股份的成交量加权平均价格来源于彭博社提供的数据。

6. Unless otherwise stated, all prices for SolGold Shares have been derived from data provided by Bloomberg and represent closing prices on the relevant date(s).

6. 除非另有说明，所有 SolGold 股份的价格均来源于彭博社提供的数据，并代表相关日期的收盘价。

7. Certain figures included in this Announcement have been subject to rounding adjustments.

7. 本公告中包含的某些数字经过了四舍五入调整。

APPENDIX III

附录 III

IRREVOCABLE UNDERTAKINGS

不可撤销的承诺

The following SolGold Directors have given irrevocable undertakings to vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting and, if JCHK exercises its right to implement the Acquisition by way of a Takeover Offer, to accept or procure acceptance of such offer:

以下 SolGold 董事已作出不可撤销的承诺，在法院会议上投票支持该计划，并在股东大会上提出的决议中投票支持，如果 JCHK 行使其通过收购要约实施收购的权利，则接受或促成接受该要约：

Part A - SolGold Directors' Irrevocable Undertakings

A 部分 - SolGold 董事的不可撤销承诺

Name of SolGold Director	Number of SolGold Shares or options in respect of which undertaking is given	Percentage of SolGold issued share capital as at 23 December 2025 (excluding shares under option)
Paul Smith	250,000	0.008%
Scott Caldwell	17,462,244 30,000,000 options	0.580%
Nicholas Mather	65,747,203	2.184%
Maria Amparo Alban	51,676	0.002%
Charles Joseland	86,000	0.003%
Dan Vujcic	15,000,000 options only	0.000%
TOTAL	83,597,123 SolGold Shares 45,000,000 options	2.777%

SolGold 董事姓名	所承诺的 SolGold 股份或期权数量	截至2025年12月23日的 SolGold 已发行股本的百分比（不包括期权下的股份）
Paul Smith	250,000	0.008%
Scott Caldwell	17,462,244
30,000,000 期权	0.580%
Nicholas Mather	65,747,203	2.184%
Maria Amparo Alban	51,676	0.002%
Charles Joseland	86,000	0.003%
Dan Vujcic	仅 15,000,000 期权	0.000%
总计	83,597,123 SolGold 股份
45,000,000 期权	2.777%

These irrevocable undertakings also extend to any shares acquired by the SolGold Directors as a result of the vesting of awards or the exercise of options under the SolGold Share Plans.

这些不可撤销的承诺还扩展到 SolGold 董事因奖励归属或期权行使而获得的任何股份。

The obligations of the SolGold Directors (other than Nicholas Mather) under the irrevocable undertakings shall lapse and cease to have effect, inter alia, on and from the following occurrences:

除 Nicholas Mather 外，SolGold 董事在不可撤销承诺下的义务将在以下情况发生时失效：

· the Panel consents to JCHK not proceeding with the Acquisition;

· 小组同意 JCHK 不继续进行收购；

· JCHK announces that it does not intend to proceed with the Acquisition and no new, revised or replacement Scheme or Takeover Offer is announced by JCHK in accordance with Rule 2.7 of the Code at the same time;

· JCHK 宣布不打算继续进行收购，并且在同一时间内没有根据《守则》第 2.7 条宣布新的、修订的或替代的计划或收购要约；

· any third party offer for SolGold is declared unconditional or, if implemented by way of a scheme of arrangement, becomes effective; or

· 任何第三方对 SolGold 的要约被宣布为无条件，或者如果通过安排计划实施，则生效；或

· the Scheme does not become Effective before the Long Stop Date (other than in circumstances where the JCHK has, prior to such date, elected to proceed by way of a Takeover Offer and announced the same in accordance with the requirements of Paragraph 8 of Appendix 7 to the Code, and such Takeover Offer has not lapsed or been withdrawn).

· 该计划在最后截止日期之前未能生效（除非在 JCHK 在该日期之前选择通过收购要约进行并根据《守则》第 7 附录第 8 段的要求宣布的情况下，该收购要约未失效或被撤回）。

The obligations of Nicholas Mather under the irrevocable undertaking shall lapse and cease to have effect, inter alia, on and from the following occurrences:

Nicholas Mather 在不可撤销承诺下的义务将在以下情况发生时失效：

· the Panel consents to JCHK not proceeding with the Acquisition;

· 小组同意 JCHK 不继续进行收购；

· the Acquisition lapsing in accordance with its terms, save where the Acquisition is withdrawn or lapses as a result of JCHK exercising its right, in accordance with the Code, to implement the Acquisition by way of a Takeover Offer rather than by way of a Scheme or vice versa;

· 收购根据其条款失效，除非收购因 JCHK 根据《守则》行使其权利而撤回或失效，选择通过收购要约而非通过计划进行；

· JCHK 宣布不打算继续进行收购，并且在同一时间内没有根据《守则》第 2.7 条宣布新的、修订的或替代的计划或收购要约；

· any third party offer for SolGold is declared unconditional or, if implemented by way of a scheme of arrangement, becomes effective;

· 任何第三方对 SolGold 的报价被宣布为无条件，或者如果通过安排计划实施，则变得有效；

· 在长停止日期之前，方案未能生效（除非在 JCHK 在该日期之前选择通过收购要约进行并根据《守则》第 7 附录第 8 段的要求宣布该要约，并且该收购要约未失效或被撤回的情况下）；或者

· JCHK elects to implement the Acquisition by way of a Takeover Offer (other than in circumstances in which the Panel requires JCHK to make a mandatory contractual offer pursuant to Rule 9 of the Code).

· JCHK 选择通过收购要约实施收购（除非在面板要求 JCHK 根据《守则》第 9 条规则提出强制性合同要约的情况下）。

Part B - Non-director SolGold Shareholder irrevocable undertakings

B 部分 - 非董事 SolGold 股东不可撤销的承诺

Name of SolGold Shareholder giving undertaking	Number of SolGold Shares in respect of which undertaking is given	Percentage of SolGold issued share capital as at 23 December 2025
BHP Billiton Holdings Limited	310,965,736	10.3
Newcrest International Pty Ltd	309,309,996	10.3
Maxit Capital LP and its affiliates	153,366,663	5.1
TOTAL	773,642,395	25.7

提供承诺的 SolGold 股东名称	提供承诺的 SolGold 股份数量	截至2025年12月23日SolGold 已发行股本的百分比
BHP 比利顿控股有限公司	310,965,736	10.3
新克瑞斯特国际有限公司	309,309,996	10.3
Maxit Capital LP 及其附属公司	153,366,663	5.1
总计	773,642,395	25.7

The obligations of the non-director SolGold Shareholders under the irrevocable undertakings shall lapse and cease to have effect, inter alia, on and from the following occurrences:

非董事 SolGold 股东在不可撤销承诺下的义务将在以下事件发生时失效并停止生效：

· JCHK announces (with the consent of the Panel) after the date of this Announcement that it does not intend to proceed with the Acquisition;

· JCHK 在本公告日期之后（经面板同意）宣布不打算继续进行收购；

· the Scheme does not become Effective before the Long Stop Date (other than in circumstances where JCHK has, prior to such date, elected to proceed by way of a Takeover Offer and announced the same in accordance with the requirements of Paragraph 8 of Appendix 7 to the Code, and such Takeover Offer has not lapsed or been withdrawn);

· 在长停止日期之前，方案未能生效（除非在 JCHK 在该日期之前选择通过收购要约进行并根据《守则》第 7 附录第 8 段的要求宣布该要约，并且该收购要约未失效或被撤回的情况下）；

· the Scheme, or, in circumstances where the Acquisition is to be implemented by way of Takeover Offer, the Takeover Offer, lapses (other than, in the case of a Scheme, in circumstances where JCHK has, prior to such date, elected to proceed by way of a Takeover Offer and announced the same in accordance with the requirements of Paragraph 8 of Appendix 7 to the Code, and such Takeover Offer has not lapsed or been withdrawn);or

· 方案，或者在收购通过收购要约实施的情况下，收购要约失效（除非在方案的情况下，JCHK 在该日期之前选择通过收购要约进行并根据《守则》第 7 附录第 8 段的要求宣布该要约，并且该收购要约未失效或被撤回的情况下）；或者

· any person other than JCHK or any person acting in concert with JCHK announces a firm intention (in accordance with Rule 2.7 of the Code) to make an offer (within the meaning of the Code) (whether or not the subject of pre-conditions) to acquire all of the equity share capital of the Company, other than that already owned by the person making such offer (or any person acting in concert with it), on terms which represent an improvement of 5% or more on the value of the consideration offered under the Acquisition.

· 除 JCHK 或与 JCHK 一致行动的任何人之外的任何人宣布有明确意图（根据《守则》第 2.7 条）提出要约（根据《守则》的定义）（无论是否有前提条件）以收购公司的全部股本，除非该要约人（或与其一致行动的任何人）已经拥有的股份，且该要约的条款代表对收购所提供的对价价值的 5% 或以上的改善。

APPENDIX IV

附录 IV

DEFINITIONS

定义

The following definitions apply throughout this Announcement unless the context requires otherwise:

以下定义在本公告中适用，除非上下文另有要求：


Acquisition	has the meaning given to it in paragraph 1
Announcement	this Announcement
Business Day	a day, other than a Saturday, Sunday or public holiday in the UK, on which banks are open for non-automated business in the City of London and Hong Kong, the Special Administrative Region of the People's Republic of China
Cash Consideration	has the meaning given to it in paragraph 2
Closing Price	the closing middle market price of a SolGold Share on a particular trading day as derived from Bloomberg
Code	the City Code on Takeovers and Mergers, as amended from time to time
Companies Act	the Companies Act 2006, as amended from time to time
Conditions	the conditions to the implementation of the Acquisition, as set out in Part A of Appendix I to this Announcement and to be set out in the Scheme Document
Court	the High Court of Justice in England and Wales
Court Hearing	the hearing by the Court of the application to sanction the Scheme under Part 26 of the Companies Act
Court Meeting	the meeting of Scheme Shareholders to be convened pursuant to an order of the Court under the Companies Act for the purpose of considering and, if thought fit, approving the Scheme (with or without amendment), including any adjournment thereof, notice of which is to be contained in the Scheme Document
Court Order	the order of the Court sanctioning the Scheme
CREST	the system for the paperless settlement of trades in securities and the holding of uncertificated securities operated by Euroclear
Dealing Disclosure	has the same meaning as in Rule 8 of the Code
Disclosed	the information fairly disclosed by, or on behalf of SolGold, (i) in the annual report and accounts of the SolGold Group for the financial year ended 30 June 2025, (ii) in the unaudited condensed consolidated interim financial statements of the SolGold Group for the three months ended 30 September 2025; (iii) in this Announcement; (iv) in any other Announcement to a Regulatory Information Service by, or on behalf of, SolGold prior to the date of this Announcement; or (vi) as otherwise fairly disclosed to JCHK (or its respective officers, employees, agents or advisers) (including via the virtual data room operated by or on behalf of SolGold in respect of the Acquisition) prior to the date of this Announcement
Effective	in the context of the Acquisition: (a) if the Acquisition is implemented by way of the Scheme, the Scheme having become effective pursuant to its terms; or (b) if the Acquisition is implemented by way of a Takeover Offer, such Takeover Offer having become or been declared unconditional in accordance with the Code
Effective Date	the date on which the Acquisition becomes Effective
Euroclear	Euroclear UK & Ireland International Limited
Excluded Shares	any SolGold Shares held by SolGold in treasury; or beneficially owned by JCHK or any subsidiary undertaking of JCHK; in each case, immediately prior to the Scheme Record Time
Facility Agreement	the bridge facility agreement dated 24 December 2025 and entered into between JCHK and Société Générale
FCA or Financial Conduct Authority	the Financial Conduct Authority acting in its capacity as the competent authority for the purposes of Part VI of FSMA
Forms of Proxy	the forms of proxy for use in connection with each of the Court Meeting and the General Meeting, which shall accompany the Scheme Document
FSMA	the Financial Services and Markets Act 2000, as amended from time to time
General Meeting	the general meeting of SolGold Shareholders (including any adjournment thereof) to be convened in connection with the Scheme
JCC	Jiangxi Copper Company Limited
JCHK	Jiangxi Copper (Hong Kong) Investment Company Limited
JCHK Group	JCHK and its group undertakings from time to time
Last Accounts Date	30 June 2025
Latest Practicable Date	23 December 2025, being the latest practicable date prior to this Announcement
London Stock Exchange	London Stock Exchange plc
Long Stop Date	15 May 2026, or such later date: (i) as may be agreed in writing by JCHK and SolGold (with the Panel's consent, if required); or (ii) (in a competitive situation) as may be specified by JCHK with the consent of the Panel; or (iii) as the Panel may direct under the Note on Section 3 of Appendix 7 of the Code, and, in each case, as the Court may approve (if such approval is required)
Offer Document	the document containing a Takeover Offer
Offer Period	the current offer period (as defined by the Code) relating to SolGold, which commenced on 28 November 2025
Opening Position Disclosure	has the same meaning as in Rule 8 of the Code
Overseas Shareholders	SolGold Shareholders (or nominees of, or custodians or trustees for SolGold Shareholders) not resident in, or nationals or citizens of, the United Kingdom
Panel	the Panel on Takeovers and Mergers
Peel Hunt	Peel Hunt LLP
RBC Capital Markets	RBC Europe Limited (trading as RBC Capital Markets)
Regulatory Information Service	any information service authorised from time to time by the FCA for the purpose of disseminating regulatory Announcements
Restricted Jurisdiction	any jurisdiction where local laws or regulations may result in a significant risk of civil, regulatory or criminal exposure if information concerning the Acquisition is sent or made available to SolGold Shareholders
Scheme or Scheme of Arrangement	the proposed scheme of arrangement under Part 26 of the Companies Act between SolGold and Scheme Shareholders in connection with the Acquisition, with or subject to any modification, addition or condition approved or imposed by the Court and agreed by SolGold and JCHK
Scheme Document	the document to be sent to SolGold Shareholders containing, amongst other things, the Scheme and the notices convening the Court Meeting and the General Meeting
Scheme Record Time	the time and date specified as such in the Scheme Document, expected to be 6.00 p.m. on the Business Day immediately after the Court Hearing, or such other time as SolGold and JCHK may agree
Scheme Shareholder	a holder of Scheme Shares
Scheme Shares	(a) the SolGold Shares in issue at the date of the Scheme Document; (b) any SolGold Shares issued after the date of the Scheme Document and prior to the Scheme Voting Record Time; and (c) any SolGold Shares issued at or after the Scheme Voting Record Time and prior to the Scheme Record Time in respect of which the original or any subsequent holder thereof is bound by the Scheme, or shall by such time have agreed in writing to be bound by the Scheme, other than Excluded Shares
Scheme Voting Record Time	the date and time specified in the Scheme Document by reference to which entitlement to vote at the Court Meeting will be determined, expected to be 6.00 p.m. on the day which is two Business Days before the Court Meeting or, if the Court Meeting is adjourned to 6.00 p.m. on the day which is two Business Days before the date of such adjourned Court Meeting
Significant Interest	in relation to an undertaking, a direct or indirect interest of 20 per cent. or more of the total voting rights conferred by the equity share capital (as defined in section 548 of the Companies Act) of such undertaking
SolGold or the Company	SolGold Group plc
SolGold Board	the board of directors of SolGold
SolGold Directors	the directors of SolGold at the time of this Announcement or, where the context so requires, the directors of SolGold from time to time
SolGold Group	SolGold and its group undertakings from time to time
SolGold Share Plans	each of SolGold's share plans, including (i) its Employee Share Option Plan 2023 ("ESOP") and Directors' Long-Term Incentive Plan ("LTIP")
SolGold Shareholders	the holders of SolGold Shares
SolGold Shares	the existing unconditionally allotted or issued and fully paid ordinary shares of 1 penny each in the capital of SolGold and any further such ordinary shares which are unconditionally allotted or issued before the Scheme becomes Effective
Takeover Offer	should the Acquisition be implemented by way of a takeover offer as defined in Chapter 3 of Part 28 of the Companies Act, the offer to be made by or on behalf of JCHK to acquire the entire issued and to be issued ordinary share capital of SolGold, other than SolGold Shares owned or controlled by the JCHK Group or its subsidiary undertakings and, where the context admits, any subsequent revision, variation, extension or renewal of such takeover offer
United Kingdom or UK	the United Kingdom of Great Britain and Northern Ireland
United States or US	the United States of America, its territories and possessions, any state of the United States of America, the District of Columbia and all other areas subject to its jurisdiction and any political sub-division thereof
US Exchange Act	the United States Securities Exchange Act 1934
Wider JCHK Group	JCHK and its subsidiary undertakings, associated undertakings and any other undertaking in which JCHK and/or such undertakings (aggregating their interests) have a Significant Interest
Wider SolGold Group	SolGold and its subsidiary undertakings, associated undertakings and any other undertaking in which SolGold and/or such undertakings (aggregating their interests) have a Significant Interest


收购	在第 1 段中给出的含义
公告	本公告
工作日	除星期六、星期日或英国的公共假期外，伦敦市和中国香港特别行政区的银行开放非自动化业务的日子
现金对价	在第 2 段中给出的含义
收盘价	特定交易日 SolGold 股份的收盘中间市场价格，来源于彭博社
规则	收购与合并的城市规则，随时修订
公司法	2006 年公司法，随时修订
条件	本公告附录 I 的 A 部分中列出的收购实施条件，并将在方案文件中列出
法院	英格兰和威尔士的高等法院
法院听证会	法院对根据公司法第 26 部分批准方案的申请进行的听证会
法院会议	根据公司法法院命令召开的方案股东会议，目的是考虑并（如认为合适）批准方案（可带或不带修订），包括任何延期，通知将包含在方案文件中
法院命令	法院批准方案的命令
CREST	由 Euroclear 运营的无纸化证券交易结算系统和无证书证券的持有系统
交易披露	与规则 8 的含义相同
披露	SolGold 或其代表公平披露的信息，(i) 在截至2025年6月30日的 SolGold 集团年度报告和账目中，(ii) 在截至2025年9月30日的 SolGold 集团未经审计的简明合并中期财务报表中；(iii) 在本公告中；(iv) 在本公告日期之前，SolGold 或其代表向监管信息服务的任何其他公告中披露的信息；或 (vi) 以其他方式公平披露给 JCHK（或其各自的官员、员工、代理或顾问）（包括通过 SolGold 为收购运营的虚拟数据室）在本公告日期之前
生效	在收购的背景下： (a) 如果收购通过方案实施，则方案根据其条款生效；或 (b) 如果收购通过收购要约实施，则该收购要约根据规则生效或被宣布为无条件
生效日期	收购生效的日期
Euroclear	Euroclear UK & Ireland International Limited
排除股份	SolGold 持有的任何库存股份；或由 JCHK 或 JCHK 的任何子公司实益拥有的股份；在每种情况下，在方案记录时间之前
贷款协议	2025年12月24日JCHK 与法国巴黎银行签署的桥接贷款协议
FCA 或金融行为监管局	作为 FSMA 第 VI 部分的主管机构行使职能的金融行为监管局
委托书表格	用于法院会议和股东大会的委托书表格，将随方案文件一起发送
FSMA	2000 年金融服务与市场法，随时修订
股东大会	与方案相关召开的 SolGold 股东的股东大会（包括任何延期）
JCC	江西铜业股份有限公司
JCHK	江西铜业（香港）投资有限公司
JCHK 集团	JCHK 及其不时的集团企业
最近账目日期	2025年6月30日
最新可行日期	2025年12月23日，即本公告之前的最新可行日期
伦敦证券交易所	伦敦证券交易所股份有限公司
最后截止日期	2026年5月15日，或更晚的日期：(i) JCHK 与 SolGold 书面同意的日期（如需面板同意）；或 (ii)（在竞争情况下）JCHK 在面板同意下指定的日期；或 (iii) 面板根据规则附录 7 第 3 节的说明所指示的日期，并且在每种情况下，法院可能批准（如需批准）
要约文件	包含收购要约的文件
要约期	与 SolGold 相关的当前要约期（根据规则定义），自2025年11月28日开始
开盘位置披露	与规则 8 的含义相同
海外股东	不居住在或不是英国国籍或公民的 SolGold 股东（或其提名人、保管人或受托人）
面板	收购与合并面板
Peel Hunt	Peel Hunt LLP
RBC 资本市场	RBC 欧洲有限公司（以 RBC 资本市场名义交易）
监管信息服务	由 FCA 不时授权的任何信息服务，用于传播监管公告
限制司法管辖区	任何地方，当地法律或法规可能导致在向 SolGold 股东发送或提供有关收购的信息时，面临民事、监管或刑事风险
方案或安排方案	根据公司法第 26 部分，SolGold 与方案股东之间的拟议安排方案，附带法院批准或施加的任何修改、补充或条件，并经 SolGold 和 JCHK 同意
方案文件	将发送给 SolGold 股东的文件，其中包含方案及召集法院会议和股东大会的通知等内容
方案记录时间	方案文件中指定的时间和日期，预计为法院听证会后第一个工作日的下午 6:00，或 SolGold 与 JCHK 可能同意的其他时间
方案股东	方案股份的持有者
方案股份	(a) 在方案文件日期发行的 SolGold 股份；(b) 在方案文件日期后至方案投票记录时间之前发行的任何 SolGold 股份；以及 (c) 在方案投票记录时间或之后发行的任何 SolGold 股份，原持有人或任何后续持有人在该时间之前同意书面受方案约束，排除排除股份
方案投票记录时间	在方案文件中指定的日期和时间，依据该时间确定在法院会议上投票的权利，预计为法院会议前两个工作日的下午 6:00，或如果法院会议延期，则为该延期法院会议前两个工作日的下午 6:00
重大利益	关于一个企业，直接或间接拥有该企业股本（根据公司法第 548 条定义）所赋予的投票权的 20% 或更多的利益
SolGold 或公司	SolGold 集团股份有限公司
SolGold 董事会	SolGold 的董事会
SolGold 董事	本公告时的 SolGold 董事，或在上下文需要时，不时的 SolGold 董事
SolGold 集团	SolGold 及其不时的集团企业
SolGold 股份计划	SolGold 的每个股份计划，包括 (i) 其 2023 年员工股票期权计划（"ESOP"）和董事长期激励计划（"LTIP"）
SolGold 股东	SolGold 股份的持有者
SolGold 股份	SolGold 资本中现有的无条件分配或发行并已全额支付的每股 1 便士的普通股，以及在方案生效之前无条件分配或发行的任何进一步普通股
收购要约	如果收购通过公司法第 28 部分第 3 章定义的收购要约实施，则由 JCHK 或其代表提出的收购 SolGold 全部已发行和待发行普通股资本的要约，排除 JCHK 集团或其子公司持有或控制的 SolGold 股份，并且在上下文允许的情况下，任何后续修订、变更、扩展或续期的收购要约
英国或 UK	大不列颠及北爱尔兰联合王国
美国或 US	美利坚合众国及其领土和财产，美国的任何州，哥伦比亚特区及其管辖下的所有其他地区及任何政治分区
美国证券交易法	1934 年美国证券交易法
更广泛的 JCHK 集团	JCHK 及其子公司、关联企业及 JCHK 和/或这些企业（聚合其利益）拥有重大利益的任何其他企业
更广泛的 SolGold 集团	SolGold 及其子公司、关联企业及 SolGold 和/或这些企业（聚合其利益）拥有重大利益的任何其他企业

For the purposes of this Announcement, "subsidiary", "subsidiary undertaking" and "undertaking" have the respective meanings given thereto by the Companies Act and "associated undertaking" has the meaning given thereto by paragraph 19 of Schedule 6 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, other than paragraph 19(1)(b) of Schedule 6 to those regulations which shall be excluded for this purpose.

在本公告中，“子公司”、“子公司业务” 和 “业务” 的定义均按照《公司法》给出的含义，而 “关联企业” 的定义则按照《大型和中型公司及集团（账目和报告）条例 2008》第 6 附表第 19 段给出，但第 6 附表第 19(1)(b) 段的内容在此目的下应予以排除。

All references to "pounds", "pounds Sterling", "Sterling", "£", "pence", "penny" and "p" are to the lawful currency of the United Kingdom.

所有提及的 “英镑”、“英镑斯特林”、“斯特林”、“£”、“便士”、“便士” 和 “p” 均指的是英国的法定货币。

All the times referred to in this Announcement are London times unless otherwise stated.

本公告中提及的所有时间均为伦敦时间，除非另有说明。

References to the singular include the plural and vice versa.

单数形式的引用包括复数形式，反之亦然。

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