万国黄金（3939.HK）动用可转债闲置募资约1.24亿澳元认购两只贝莱德多策略基金，属例行库务理财

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to its
accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.

Wanguo Gold Group Limited
萬國黃金集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 3939)

DISCLOSEABLE TRANSACTION
SUBSCRIPTION OF BLACKROCK GLOBAL LIQUID
ALTERNATIVES FUND - S1 AND MULTI OPPORTUNITY
ABSOLUTE RETURN FUND
The board (the “Board”) of directors (the “Directors”) of Wanguo Gold Group Limited (the
“Company”) announces that on 10 September 2026 and 11 September 2026, the Company
subscribed for the BlackRock Global Liquid Alternatives Fund - S1 of approximately AUD
20.0 million and BlackRock Multi Opportunity Absolute Return Fund of approximately AUD
103.8 million respectively (the “BlackRock Subscription”).
The key terms of the BlackRock Subscription are set out in the tables below:
BlackRock Global Liquid Alternatives Fund - S1
Date of subscription:
10 September 2026
Investment manager:
BlackRock Investment Management (Australia)
Limited
Distributor:
Gloryhouse Wealth Management Pty Ltd
Principal amount:
AUD 20,000,000.00
Terms of product:
Open-ended Product
Type of product:
Australian-domiciled registered managed investment
scheme, S1 Share Class
Investment Objective:
To achieve a total return of RBA Cash Rate + 3% – 5%
p.a. (net of fees), approximately 7% – 9% p.a. net total
return, assessed over rolling three-year periods.
Benchmark index:
RBA Cash Rate
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Target Performance:

Investment policy:

A target net excess return of 3% – 5% p.a. above the
RBA Cash Rate (approximately 7% – 9% p.a. net total
return), together with a target risk of 3% – 5% p.a., each
assessed over rolling three-year periods.
Actively managed; a multi-manager, multi-strategy
hedge fund allocating across seven underlying Strategy
Funds spanning systematic equity market neutral,
fundamental equity long/short, global macro,
systematic fixed income and style premia; holds long
and short positions across global markets; may use
derivatives and leverage.

BlackRock Multi Opportunity Absolute Return Fund
Date of subscription:
11 September 2026
Investment manager:
BlackRock Investment Management (Australia)
Limited
Distributor:
Gloryhouse Wealth Management Pty Ltd
Principal amount:
AUD 103,773,300.00
Terms of product:
Open-ended Product
Type of product:
Australian-domiciled registered managed investment
scheme (multi-strategy absolute return fund)
Investment Objective:
To achieve a gross total return of the RBA Cash Rate +
8% p.a., assessed over rolling three-year periods, with a
target risk of 4% – 6% p.a.
Benchmark index:
RBA Cash Rate
Target Performance:
A target gross return of 8% p.a. above the RBA Cash
Rate, together with a target risk of 4% – 6% p.a., each
assessed over rolling three-year periods.
Investment policy:
Actively managed multi-strategy absolute return fund
allocating across underlying strategy funds spanning
systematic equity market neutral, systematic multistrategy, global macro, systematic fixed income,
fundamental equity long/short and style premia; holds
long and short positions across global markets; may use
derivatives and leverage.
BASIS OF CONSIDERATION
The consideration of BlackRock Subscription was determined on the basis of commercial terms
negotiated at arm’s length between the Company and the counterparty, having considered (i)
the then available surplus cash of the Company for treasury management purpose; (ii) the
expected investment return and terms of the BlackRock Subscription; and (iii) the prevailing
market interest rates.
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REASONS FOR AND BENEFITS OF THE BLACKROCK SUBSCRIPTION
Both the BlackRock Global Liquid Alternatives Fund - S1 and the BlackRock Multi
Opportunity Absolute Return Fund are of low-to-medium-risk nature with satisfactory liquidity,
and the subscription is carried out by the Company for treasury management purpose in order
to maximize its return on the cash received from issuance of convertible bonds under general
mandate (the “Issuance of convertible bonds”) (please refer to the announcement date 19
August 2026 for details). The Group expects that the BlackRock Subscription will earn a better
yield than current deposits generally offered by commercial banks in the PRC and Hong Kong
while at the same time offer flexibility to the Group in terms of treasury management. The
investments would be closely monitored and conducted in accordance with the Group’s
treasury policy. As such, the Board is of the view that the terms of the BlackRock Subscription
are fair and reasonable, and is on normal commercial terms and the subscription is in the
interests of the Company and the Shareholders as a whole.
INFORMATION ABOUT THE PARTIES
The Group
The Company is a company incorporated in Cayman Islands with limited liability, whose
shares are listed on the main board of the Stock Exchange of Hong Kong Limited (stock code:
3939) and is an investment holding company whose subsidiaries are principally engaged in the
business of mining, ore processing and sale of concentrates products in the PRC and Solomon
Islands.
BlackRock
BlackRock Investment Management (Australia) Limited (ABN 13 006 165 975, AFSL 230523)
is a wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK) ("BlackRock").
BlackRock, Inc. is a leading global investment management firm headquartered in New York
City, United States, and is the world's largest asset manager. It provides services such as
investment management, risk management and advisory services across equity, fixed income,
multi-asset, alternatives and cash management strategies, together with its Aladdin technology
platform. BlackRock serves institutional, intermediary and individual clients in over 100
countries worldwide, including Hong Kong, Singapore and Australia.

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LISTING RULES IMPLICATIONS
As one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing
Rules) in respect of the BlackRock Subscription exceed 5% but less than 25%, the BlackRock
Subscription constitutes a discloseable transaction of the Company under Chapter 14 of the
Listing Rules and is subject to the reporting and announcement requirements under the Listing
Rules.
UTILISATION OF CERTAIN IDLE PROCEEDS RAISED FROM ISSUANCE OF
CONVERTIBLE BONDS FOR TREASURY MANAGEMENT
The net proceeds from the Issuance of Convertible Bonds was approximately HKD 5,439
million (“Issuance Proceeds”). According to the expected timeline for utilisation of the
proceeds from the issuance, the Group anticipates no substantial funding would be used in a
short period of time and a large amount of proceeds from the issuance be left idle.
With a view to enhancing the utilisation and efficiency of its idle Issuance Proceeds, the
Company may apply some of the idle Issuance Proceeds to subscribe for low-risk short-term
wealth management products issued by reputable banks and financial institution, thereby
increasing the overall income of the Company while at the same time ensuring that the planned
usage of the Issuance Proceeds will not be adversely affected or restricted. The Company will
continuously assess the planned usage of the Issuance Proceeds and publish further
announcement(s) in accordance with the requirements of the Listing Rules as and when
appropriate.

By Order of the Board
Wanguo Gold Group Limited
Gao Mingqing
Chairman
Hong Kong, 13 September 2026
As at the date of this announcement, the Board comprises Mr. Gao Mingqing (Chairman), Ms. Gao
Jinzhu, Mr. Wang Guobiao, Mr. Wang Lixin as executive Directors; Mr. Wang Renxiang as nonexecutive Director, and Mr. Tsang Wai Hung, Mr. Wong Chi Ming and Mr. Wang Xin as independent
non-executive Directors.

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香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其
準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而
產生或因倚賴該等內容而引致的任何損失承擔任何責任。

Wanguo Gold Group Limited
萬國黃金集團有限公司
(於開曼群島註冊成立之有限公司)
(股份代號: 3939)

須予披露交易
認購貝萊德環球流動另類投資基金-S1及多元機遇絕對回報基金
萬國黃金集團有限公司（「本公司」）董事（「董事」）會（「董事會」)宣佈，於2026
年9月10日及2026年9月11日，本公司分別認購貝萊德環球流動另類投資基金-S1約
20.0百萬澳元及貝萊德多元機遇絕對回報基金約103.8百萬澳元（「貝萊德認購事項」)。
貝萊德認購事項的主要條款列於下表。
貝萊德環球流動另類投資基金-S1
認購日期：
2026年9月10日
投資經理：
貝萊德投資管理（澳洲）有限公司
分銷商：
光華財富管理有限公司
本金：
20,000,000澳元
產品期限：
開放式產品
產品種類：
澳洲註冊管理投資計劃，S1 份額類別
投資目標：

基準指數：

力求取得「澳洲儲備銀行現金利率 + 每年 3% 至
5%（扣除費用後）」之總回報，相當於每年約 7%
至 9% 淨總回報，以滾動三年期作評估。
澳洲儲備銀行現金利率

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目標績效：

投資範圍：

目標為取得高於澳洲儲備銀行現金利率每年 3%
至 5%（扣除費用後）之淨超額回報（約每年 7%
至 9% 淨總回報），並以每年 3% 至 5% 為目標
風險水平，均以滾動三年期作評估。
主動管理；採用多管理人、多策略對沖基金架構，
將資產配置於七隻相關策略基金，涵蓋系統化股票
市場中性、基本面股票多空、全球宏觀、系統化固
定收益及風格溢價等策略；於全球市場持有多頭及
空頭倉位；可運用衍生工具及槓桿。

貝萊德多元機遇絕對回報基金
認購日期：
投資經理：
分銷商：

2026年9月11日
貝萊德投資管理（澳洲）有限公司
光華財富管理有限公司

本金：
產品期限：
產品種類：
投資目標：

103,773,300澳元
開放式產品
澳洲註冊管理投資計劃（多策略絕對回報基金）
本基金力求取得「澳洲儲備銀行現金利率+每年
8%（費用前／毛回報）」之總回報，以滾動三年期
作評估，目標風險為每年4%至6%

基準指數：
目標績效：

澳洲儲備銀行現金利率
目標為取得高於澳洲儲備銀行現金利率每年 8%
（毛回報）之回報，並以每年4%至6%為目標風險
水平，均以滾動三年期作評估
主動管理之多策略絕對回報基金，將資產配置於多
隻相關策略基金，涵蓋系統化股票市場中性、系統
化多策略、全球宏觀、系統化固定收益、基本面股
票多空及風格溢價等策略；於全球市場持有多頭及
空頭倉位；可運用衍生工具及槓桿。

投資範圍：

代價基準
貝萊德認購事項各自之代價乃根據本公司與對手方按公平原則磋商之商業條款釐定，並
已考慮 (i) 本公司當時可用作庫務管理用途之現金盈餘；(ii) 貝萊德認購事項之預期投
資回報及條款；及 (iii) 現行市場利率。

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貝萊德認購事項之理由及裨益
貝萊德環球流動另類投資基金 - S1 及貝萊德多元機遇絕對回報基金，兩者均屬中低風
險性質，並具滿意的流動性，而認購事項乃由本公司為庫務管理目的而進行，以盡量提
高其根據一般授權發行可換股債券(「發行可換股債券」）所收取的現金回報（詳情請參
閱公告日期 2026 年 8 月 19 日）。本集團預期貝萊德認購事項將賺取較中國及香港商
業銀行一般提供的活期存款為高的收益率，同時為本集團的庫務管理提供靈活性。有關
投資將根據本集團的庫務政策密切監察及進行。因此，董事會認為貝萊德認購事項的條
款屬公平合理，並按一般商業條款訂立，而認購事項符合本公司及股東的整體利益。

有關各方資訊
本集團
本公司為一間於開曼群島註冊成立之有限公司，其股份於香港聯合交易所有限公司主板
上市（股份代號：3939），並為一間投資控股公司，其附屬公司主要於中國及所羅門群
島從事採礦、礦石選礦及銷售精礦產品業務。
貝萊德
貝萊德投資管理（澳洲）有限公司隸屬於貝萊德集團（BlackRock, Inc.，紐交所代碼：
BLK）（「貝萊德」）。
貝萊德集團是一家領先的環球投資管理機構，總部設於美國紐約，為全球最大的資產管
理公司，提供投資管理、風險管理及諮詢服務，涵蓋股票、固定收益、多元資產、另類
投資及現金管理等策略，並提供其 Aladdin 技術平台。貝萊德為遍佈逾100個國家的
機構、中介及個人客戶提供服務，包括香港、新加坡及澳洲。

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上市規則的涵義
由於有關貝萊德認購事項的一個或多個適用百分比率（定義見上市規則第14.07條）超
過5%但少於25%，根據上市規則第14章，貝萊德認購事項構成本公司一項須予披露交
易，並須遵守上市規則的申報及公佈規定。
動用部分閒置發行可換股債券所得款項進行庫務管理
根據一般授權發行可換股債券所得款項淨額約為5,439百萬港元（「發行所得款項」）。
根據預期動用發行所得款項的時間表，本集團預期不會在短期內動用大量資金，而發行
所得款項亦會大量閒置。
為提高閒置發行所得款項的使用率及效率，本公司可能將部分閒置發行所得款項用於認
購由信譽良好的銀行及金融機構發行的低風險短期理財產品，從而增加本公司的整體收
入，同時確保發行所得款項的計劃用途不受影響或限制。本公司將持續評估發行所得款
項的計劃用途，並於適當時候根據上市規則的規定另行刊發公告。

承董事會命
萬國黃金集團有限公司

主席
高明清
香港, 二零二六年九月十三日
於本通知日期，董事會包括執行董事高明清先生(主席)、高金珠女士、王國標先生、王立新先生
非執行董事王任翔先生；以及獨立非執行董事曾偉雄先生、王志明先生和王昕先生。

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