Steady and Far-Sighted: Zangge Mining’s Li Ruixue Wins “New Fortune Gold Medal Secretary” Award

Source: NetEase News – Securities Market Weekly

Zangge Mining, December 11, 2024, 19:47, Qinghai

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On December 11, the “New Fortune Listed Company Sustainable Development Annual Conference and the 20th New Fortune Gold Medal Secretary & 7th Best IR Hong Kong Listed Company Awards Ceremony” was held in Nanjing. Li Ruixue, Board Secretary of Zangge Mining, won the 20th “New Fortune Gold Medal Secretary” in recognition of her outstanding investor relations management capabilities.

The “New Fortune Gold Medal Secretary” award, now in its 20th year, has become one of the most authoritative recognitions in China’s capital market. The award aims to highlight the value of board secretaries in areas such as corporate governance, capital operations, and ESG practices, providing insights into the high-quality development pathways of listed companies. Industry experts note that the board secretary plays a key role in improving corporate governance, enhancing disclosure transparency, standardizing operations, increasing investment value, and mitigating risks, all critical to the high-quality development of listed companies.

Zangge Mining (000408.SZ), listed in 2016, is based on the Qinghai-Tibet Plateau and leverages 724.35 km² of salt lake resources to focus on strategic mineral investments and development, particularly potassium and lithium. The company has successfully expanded in both scale and technology, establishing itself as a leader in the field. As a benchmark enterprise in domestic salt lake potassium and lithium extraction, Zangge Mining continues to consolidate its cost advantage in potassium-lithium technology development through process optimization and innovation, making important contributions to the growth of China’s potassium-lithium industry.

In 2024, Zangge Mining’s “Ultra-Low Concentration Brine Lithium Extraction Technology Breakthrough” was recognized as an “Outstanding Sustainable Development Practice Case” by the China Association of Enterprises with Foreign Investment. The company also received the “Most Growing New Energy Listed Company” award from Daily Economic News’ 2024 China Listed Company Reputation Rankings and the “Golden Dawn Social Responsibility Award” from Securities Market Weekly’s ESG Awards.

In recent years, Zangge Mining has continuously improved its corporate governance structure, enhanced information disclosure and investor relations management, and promoted standardized value management practices. Through investor research, high-quality performance presentations, and active communication, the company has increasingly gained the favor of capital market investors.

In 2024, Zangge Mining actively responded to the CSRC’s market value management initiatives, implementing a “quality and return double improvement” strategy with combined dividend and share repurchase programs to boost investor confidence. As of the end of November, the company had repurchased CNY 151 million worth of shares, representing 0.36% of total share capital, all of which will be canceled to reduce registered capital. Regarding dividends, Wind data show that Zangge Mining distributed a total of CNY 7.429 billion in the past three years, with cash dividend payout ratios of 80% in 2022 and 73% in 2023, maintaining a high dividend level.

In April 2024, Zangge Mining issued a proposal to adjust its organizational structure, implementing a group-level management strategy to further optimize corporate governance and enhance overall efficiency. Specifically, the group headquarters established a Sales Department, Operations Management Department, and Industry Research Department, while secondary companies’ functions were gradually returned to headquarters, promoting the group management strategy and maximizing headquarters’ value. These measures contribute to governance optimization and accelerate the company’s progress toward becoming a global leading mining enterprise.

Li Ruixue stated that the company will continue to focus on high-quality development, leverage the capital market platform, strengthen internal growth momentum, and create continuous value for shareholders and society, contributing to the healthy development of the capital market.

Editor: Yuan Chengying