Wanguo Gold Group Limited has confirmed that the entire HK$1.38 billion of net proceeds raised from its November 2024 share subscription by Gold Mountains (H.K.) International Mining Company Limited has been fully utilised, with no balance left as at 31 December 2025.

Key transaction details • Subscription Terms: On 1 November 2024, Gold Mountains, a wholly owned subsidiary of Zijin Mining Group, subscribed for 165.60 million new Wanguo Gold shares at HK$8.33 each, generating gross proceeds of approximately HK$1.38 billion and net proceeds of HK$1.38 billion after expenses. • Intended Allocation: 50% (HK$689.60 million) earmarked for the exploration and development of the Gold Ridge Mine in the Solomon Islands; 50% (HK$689.70 million) allocated to general working capital.

Utilisation progress • By 31 December 2024, Wanguo Gold had deployed HK$866.10 million, comprising HK$176.40 million for the Gold Ridge Project and the entire HK$689.70 million for working capital. • The remaining HK$513.20 million dedicated to the Gold Ridge Project was fully spent by 30 June 2025, completing the planned funding schedule.

Current status • As of 31 December 2025, no unutilised proceeds remain. • Management confirms there has been no deviation from the original allocation plan and no delays in project execution or capital deployment.

Governance The supplemental disclosure, issued on 12 October 2026, states that all other information in Wanguo Gold’s 2025 annual report remains unchanged.