Jinrui Mining's controlling shareholder's pledge correction: remaining pledged shares reduced to 10.1M shares, accounting for 3.50% of the total share capital.

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Qinghai Jinrui Mining Development Co., Ltd. (stock code: 600714, stock short name: Jinrui Mining) released on March 26 a “Correction Announcement Regarding the Release of Pledge of Some Shares by the Controlling Shareholder,” correcting the controlling shareholder’s share pledge information disclosed on March 19. The announcement shows that due to staff oversight, the data for the “number and percentage of remaining pledged shares” in the original announcement contained errors; after the correction, both the number of remaining pledged shares and the proportion for the controlling shareholder, Qinghai Provincial Investment Group Co., Ltd. (hereinafter referred to as “Qinghai Investment Group”), were lowered.

The announcement states that in the “Announcement Regarding the Release of Pledge of Some Shares by the Controlling Shareholder” (No. Lin 2026-011) released on March 19, the description regarding Qinghai Investment Group’s remaining pledged shares was incorrect. This correction only involves data related to remaining pledged shares. The core information in the original announcement—such as the “number of shares to be released from the pledge in this instance,” “percentage of its shares,” “percentage of the company’s total share capital,” and “time of release from the pledge”—has not changed.

According to the data after the correction, Qinghai Investment Group’s shares released from the pledge this time total 74.2652 million shares, accounting for 85.94% of its total shares held, and accounting for 25.77% of the company’s total share capital. The release-from-pledge procedures were completed on March 17, 2026. As of now, Qinghai Investment Group holds 86.4185 million shares of the company, accounting for 29.99% of the total share capital. Among them, the shares still under pledge are 10.0950 million shares, accounting for 11.68% of its total shares held, and 3.50% of the company’s total share capital.

The company said that, aside from the above correction, all other information in the original announcement remains unchanged. For this information disclosure error caused by staff oversight, the board of directors sincerely apologizes to the broad investing public and asks investors to understand. The reduction in the controlling shareholder’s pledge ratio after this correction may reflect that its equity pledge risk has further decreased, which has a positive significance for the stability of the company’s governance structure.

The board of directors of Jinrui Mining emphasized that it will further strengthen the review of information disclosure, improve the quality of announcement drafting, and ensure the accuracy and timeliness of information disclosure, thereby effectively safeguarding the legitimate rights and interests of investors.

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Editor: Xiao Lang Express