Lingbao Gold Group Company Ltd. (Lingbao Gold) expects to report net profit of no less than RMB250.00 million for the three months ended 31 March 2026, broadly unchanged from the same period in 2025.

Management attributes the underlying stability to: 1. Continued improvements in production efficiency and cost control; and 2. A higher average gold price versus the prior-year quarter.

These positives are largely offset by accounting adjustments linked to the company’s HK$1.17 billion zero-coupon convertible bonds issued in November 2025 and fully converted into 65.40 million H shares between 3 February and 19 March 2026. The conversion triggered: • Loss on fair-value changes: approximately RMB260.00 million; and • Related finance costs (imputed interest): approximately RMB22.10 million.

Both items are non-cash, required under Hong Kong Financial Reporting Standards, and do not affect Lingbao Gold’s operating cash flow or liquidity. As the instruments have been fully converted, management considers the impact one-off, with no further fair-value adjustments expected in subsequent periods.

The figures are based on unaudited management accounts and may be revised. Lingbao Gold plans to release detailed interim results for the six months ending 30 June 2026. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.