According to Baodi Mining's announcement, Xinjiang Nonferrous Metals Group plans to absorb and merge the Xinjiang Geological and Mining Group to inherit 456 million shares of Baodi Mining directly and indirectly, accounting for 46.36% of the total share capital. This acquisition has not led to a change in the actual controller of the listed company, and will be subject to state-owned approval. The acquirer holds more than 30% of the company's equity shares, which is in line with the exemption from the offer to increase shareholding. On July 31, 2026, the two parties signed the “Absorption and Merger Agreement”. The acquisition still requires procedures such as centralized operator reporting and state-owned assets supervision and approval.

According to Baodi Mining's announcement, Xinjiang Nonferrous Metals Group plans to absorb and merge the Xinjiang Geological and Mining Group to inherit 456 million shares of Baodi Mining directly and indirectly, accounting for 46.36% of the total share capital. This acquisition has not led to a change in the actual controller of the listed company, and will be subject to state-owned approval. The acquirer holds more than 30% of the company's equity shares, which is in line with the exemption from the offer to increase shareholding. On July 31, 2026, the two parties signed the “Absorption and Merger Agreement”. The acquisition still requires procedures such as centralized operator reporting and state-owned assets supervision and approval.