Hunan Gold: Major asset restructuring work is progressing as planned

Hunan Gold announced that the company plans to issue shares to purchase 100% equity of Hunan Gold Tianyue Mining owned by Hunan Gold Group and Hunan Tianyue Investment, as well as 100% equity of Hunan Zhongnan Gold Refinery owned by Hunan Gold Group, and raise supporting funds, which is expected to constitute a major asset restructuring and related party transaction. The company's stock was suspended from trading starting on January 12, 2026, and resumed trading on January 26. As of the disclosure date of the announcement, the audit, evaluation, and other related work of the transaction are progressing as planned, and a board meeting will be held again to convene a shareholders' meeting to review related matters. This transaction still needs to go through internal decision-making procedures and obtain regulatory approval, so there is uncertainty about whether it can be implemented.