JINHUI INC.: Plans to acquire 51% equity of its subsidiary Haosen Mining for cash of 380 million yuan

JINHUI INC. announced that the company plans to acquire 51% of the equity of its subsidiary Gansu Haosen Mining Co., Ltd. for cash of 380 million yuan. Upon completion of the transaction, the company will hold 100% of Haosen Mining's equity. This transaction has been approved by the company's second board of directors at its sixteenth meeting and does not require submission to the shareholders' meeting for approval. Haosen Mining is currently in the exploration stage and has not engaged in any business activities. The purpose of this transaction is to enhance control and independent decision-making power over Haosen Mining, facilitate ongoing investment and resource integration, improve its operational management efficiency, and achieve sustainable development, in line with the company's long-term planning and development strategy. The counterparty has committed that the target company's net profit will not be less than 102 million yuan per year for three years starting from 2027